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Note 7 - Goodwill and Other Intangibles | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
(7) | GOODWILL AND OTHER INTANGIBLES
The Company acquired goodwill of $1.1 million in the acquisition of Peoples Bancorp, Inc. of Bullitt County and Peoples during 2015 in addition to acquiring goodwill of $5.4 million in the acquisition of Hometown Bancshares, Inc. (“Hometown”) during 2003. Goodwill is evaluated for impairment at least annually or more frequently upon the occurrence of an event or when circumstances indicate that the carrying amount is greater than its fair value. No impairment of goodwill was recognized during 2024, 2023 or 2022. The Company acquired a core deposit intangible of $1.4 million in the acquisition of Peoples. All of the Company’s previously acquired core deposit intangibles had been fully amortized prior to 2015. Core deposit intangible amortization expense totaled $147,000 each year for 2024, 2023, and 2022. Core deposit intangibles subject to amortization as of December 31, 2024 and 2023 consisted of the following:
(In thousands) |  | 2024 |  |  | 2023 |
Core deposit intangible acquired in Peoples acquisition |  | $ | 1,418 |  |  | $ | 1,418 |
Less accumulated amortization |  |  | 1,332 |  |  |  | 1,186 |
|  | $ | 86 |  |  | $ | 232 |
The remaining $86,000 of core deposit intangible associated with the Peoples acquisition is expected to amortize in 2025.

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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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