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Goodwill and Intangibles | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangibles | Note 6: Goodwill and Intangibles On December 31, 2021, the Company purchased an Ohio based title agency resulting in approximately $1.1 million in goodwill. The balance of goodwill as of December 31, 2022 and December 31, 2021 was $23.2 million and $23.2 million, respectively.
|  | Twelve Months Ended December 31, 2022 |  |  | Twelve Months Ended December 31, 2021 |
($ in thousands) |  | Carrying Amount |  |  | Carrying Amount |
Beginning balance |  | $ | 23,191 |  |  | $ | 22,091 |
Acquired goodwill |  |  | - |  |  |  | 1,100 |
Measurement period adjustments |  |  | 48 |  |  |  | - |
Ending balance |  | $ | 23,239 |  |  | $ | 23,191 |
Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. Goodwill is tested on the last day of the last quarter of each calendar year. At December 31, 2022, the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment. Carrying basis and accumulated amortization of intangible assets were as follows at December 31:
|  | 2022 |  |  | 2021 |
|  | Gross Carrying |  |  | Accumulated |  |  | Gross Carrying |  |  | Accumulated |
($ in thousands) |  | Amount |  |  | Amortization |  |  | Amount |  |  | Amortization |
Core deposits intangible |  | $ | 660 |  |  | $ | (170 | ) |  | $ | 660 |  |  | $ | (104 | )
Customer relationship intangible |  |  | 200 |  |  |  | (176 | ) |  |  | 200 |  |  |  | (173 | )
Banking intangibles |  | $ | 860 |  |  | $ | (346 | ) |  | $ | 860 |  |  | $ | (277 | )
Amortization expense for intangibles for the years ended December 31, 2022 and 2021 was $0.07 million and $0.07 million, respectively. Estimated amortization expense for each of the following five years is immaterial.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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