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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

(7) Goodwill and Intangible Assets

 

The Company performed its annual step one impairment test as of December 31, 2020. The fair value of the Company’s single reporting unit was compared to the carrying value of the single reporting unit at the measurement date to determine if any impairment existed. Based on the results of the December 31, 2020 step one impairment test, the Company concluded its goodwill was not impaired.

 

A summary of the other intangible assets that continue to be subject to amortization is as follows:

 

(Dollars in thousands)  As of December 31, 2020 
   Gross carrying amount   Accumulated amortization   Net carrying amount 
Core deposit intangible assets  $2,018   $(1,838)  $180 
Lease intangible asset   350    (324)   26 
Total other intangible assets  $2,368   $(2,162)  $206 

 

   As of December 31, 2019 
   Gross carrying amount   Accumulated amortization   Net carrying amount 
Core deposit intangible assets  $2,018   $(1,707)  $311 
Lease intangible asset   350    (278)   72 
Total other intangible assets  $2,368   $(1,985)  $383 

 

The following sets forth estimated amortization expense for core deposit and lease intangible assets for the years ending December 31:

 

(Dollars in thousands)  Amortization 
   expense 
2021   122 
2022   58 
2023   26 
Total  $206