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

Note 8: Core Deposits and Other Intangible Assets

 

The carrying basis and accumulated amortization of intangible assets at December 31 were:

 

      2014     2013  
  ($ in thousands)   Gross Carrying     Accumulated     Gross Carrying     Accumulated  
      Amount     Amortization     Amount     Amortization  
  Core deposits intangible   $ 4,698     $ (4,473 )   $ 4,698     $ (4,107 )
  Customer relationship intangible     200       (142 )     200       (136 )
  Banking intangibles     4,898       (4,615 )     4,898       (4,243 )
                                   
                                   
  Purchased software - Banking     1,289       (943 )     1,160       (785 )
  Purchased software - Data Processing/other     235       (206 )     243       (197 )
  Purchased software     1,524       (1,149 )     1,403       (982 )
  Total   $ 6,422     $ (5,764 )   $ 6,301     $ (5,225 )

 

Amortization expense for Core Deposits and Other for the years ended December 31, 2014 and 2013 was $0.37 million and $0.56 million, respectively. Amortization expense for purchased software for the years ended December 31, 2014 and 2013 was $0.17 million and $0.17 million, respectively. Estimated amortization expense for each of the following five years is:

 

  ($ in thousands)   2015     2016     2017     2018     2019  
                                 
  Core deposit intangible   $ 195     $ 8     $ 7     $ 5     $ 5  
  Customer relationship intangible     6       5       5       4       4  
  Banking intangibles     201       13       12       9       9  
                                           
                                           
  Purchased software - Banking     164       143       37       2       -  
  Purchased software - Data Processing     5       4       3       3       3  
  Purchased Software     169       147       40       5       3  
  Total   $ 370     $ 160     $ 52     $ 14     $ 12