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Goodwill
 12 Months Ended
Dec. 31, 2014
Goodwill and Core Deposits and Other Intangible Assets [Abstract]  
Goodwill

Note 7: Goodwill

 

The changes in the carrying amount of goodwill for the years ended December 31 were:

 

    2014     2013  
  ($ in thousands)            
  Balance as of January 1            
  Goodwill   $ 21,415     $ 21,415  
  Accumulated impairment losses - Data Processing     (5,062 )     (5,062 )
                   
  Balance as of December 31   $ 16,353     $ 16,353  

 

Goodwill impairment is tested on the last day of the last quarter of each calendar year. The goodwill impairment test is performed in two steps. If the fair market value of the stock is greater than the calculated book value of the stock, the goodwill is deemed not to be impaired and no further testing is required. If the fair market value is less than the calculated book value, an additional step of determining fair value is taken to determine if there is any impairment. Goodwill at State Bank was reviewed independently as of December 31, 2014 and 2013. Step one indicated the fair value of State Bank was in excess of its book value at the end of both 2014 and 2013 and no further testing was required.