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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 4. Goodwill and Other Intangible Assets The Company tests goodwill for impairment annually or more frequently if circumstances warrant. The Company’s annual impairment test as of December 31, 2023 concluded that its goodwill was not impaired. Based on that test and current conditions, as of June 30, 2024, the Company concluded it was more likely than not that its goodwill was not impaired. Core deposit intangible assets are amortized over the estimated useful life of ten years on an accelerated basis. A summary of the other intangible assets that continue to be subject to amortization as of the dates indicated is presented in the following table: Schedule of Other Intangible Assets and Goodwill
(Dollars in thousands) |  | As of June 30, 2024 |
|  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Core deposit intangible assets |  | $ | 4,170 |  |  | $ | (1,270 | ) |  | $ | 2,900 |
(Dollars in thousands) |  | As of December 31, 2023 |
|  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Core deposit intangible assets |  | $ | 4,170 |  |  | $ | (929 | ) |  | $ | 3,241 |
The following sets forth estimated amortization expense for core deposit and intangible assets for the remainder of 2024 and in successive years ending December 31: Schedule of Finite-lived Intangible Assets, Future Amortization Expense
(Dollars in thousands) |  | Amortization |
|  | expense |
Remainder of 2024 |  | $ | 322 |
2025 |  |  | 588 |
2026 |  |  | 512 |
2027 |  |  | 436 |
2028 |  |  | 360 |
2029 |  |  | 284 |
Thereafter |  |  | 398 |
Total |  | $ | 2,900 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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