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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | (8) Goodwill and Intangible Assets The changes in goodwill is as follows: Schedule of Goodwill
|  | 2024 |  |  | 2023 |  |  | 2022 |
(Dollars in thousands) |  | Years ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Balance at January 1 |  | $ | 32,377 |  |  | $ | 32,199 |  |  | $ | 17,532 |
Acquired goodwill |  |  | - |  |  |  | - |  |  |  | 14,667 |
Acquisition period adjustments |  |  | - |  |  |  | 178 |  |  |  | - |
Balance at December 31 |  | $ | 32,377 |  |  | $ | 32,377 |  |  | $ | 32,199 |
The Company performed its annual impairment test as of December 31, 2024. Based on the results of the qualitative analysis, the Company concluded it was more likely than not that its goodwill was not impaired. A summary of the other intangible assets that continue to be subject to amortization is as follows: Schedule of Other Intangible Assets and Goodwill
|  | 2024 |  |  | 2023 |
(Dollars in thousands) |  | As of December 31, |
|  | 2024 |  |  | 2023 |
Gross carrying amount |  | $ | 4,170 |  |  | $ | 4,170 |
Accumulated amortization |  |  | (1,592 | ) |  |  | (929 | )
Net carrying amount |  | $ | 2,578 |  |  | $ | 3,241 |
Amortization expense for the years ended December 31, 2024 and 2023 was $663,000 and $765,000. The following sets forth estimated amortization expense for core deposit intangible assets for the years ending December 31: Schedule of Finite-lived Intangible Assets, Future Amortization Expense
(Dollars in thousands) |  | Amortization |
|  | expense |
2025 |  |  | 588 |
2026 |  |  | 512 |
2027 |  |  | 436 |
2028 |  |  | 360 |
2029 |  |  | 284 |
Thereafter |  |  | 398 |
Total |  | $ | 2,578 |

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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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