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Goodwill and Intangibles | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangibles [Abstract] |
Goodwill and Intangibles | Note 6: Goodwill and Intangibles The balance of goodwill was $23.2 million for the twelve months ended December 31, 2023 and December 31, 2022.
|  | 2023 |  |  | 2022 |
($ in thousands) |  | Carrying Amount |  |  | Carrying Amount |
Beginning balance |  | $ | 23,239 |  |  | $ | 23,191 |
Measurement period adjustments |  |  | - |  |  |  | 48 |
Ending balance |  | $ | 23,239 |  |  | $ | 23,239 |
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. The Company performed a quantitative analysis of goodwill as of September 30, 2023, and determined that no impairment was required. At December 31, 2023, the Company determined that no events had occurred to change the assessment from the quantitative analysis and 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:
|  | 2023 |  |  | 2022 |
|  | Gross Carrying |  |  | Accumulated |  |  | Gross Carrying |  |  | Accumulated |
($ in thousands) |  | Amount |  |  | Amortization |  |  | Amount |  |  | Amortization |
Core deposits intangible |  | $ | 660 |  |  | $ | (236 | ) |  | $ | 660 |  |  | $ | (170 | )
Customer relationship intangible |  |  | 200 |  |  |  | (200 | ) |  |  | 200 |  |  |  | (176 | )
Banking intangibles |  | $ | 860 |  |  | $ | (436 | ) |  | $ | 860 |  |  | $ | (346 | )
Amortization expense for intangibles for the years ended December 31, 2023 and 2022 was $0.09 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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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