XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Goodwill and Core Deposit Intangible | 6 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Core Deposit Intangible [Abstract] |
Goodwill and Core Deposit Intangible | NOTE 5 – Goodwill and Core Deposit Intangible The Company recognized goodwill of $25.9 million and a core deposit intangible of $1.9 million as of June 30, 2024. The following tables present the changes in the carrying amounts of goodwill and core deposit intangibles for the six months ended June 30, 2024 and 2023:
|  | June 30, 2024 |
|  | Goodwill |  |  | Core Deposit Intangible |
|  | (In thousands) |
Balance at the beginning of the period |  | $ | 25,858 |  |  | $ | 2,111 |
Additions |  |  | – |  |  |  | – |
Change in deferred tax estimate |  |  | – |  |  |  | – |
Amortization |  |  | – |  |  |  | (168 | )
Balance at the end of the period |  | $ | 25,858 |  |  | $ | 1,943 |
|  | June 30, 2023 |
|  | Goodwill |  |  | Core Deposit Intangible |
|  | (In thousands) |
Balance at the beginning of the period |  | $ | 25,858 |  |  | $ | 2,501 |
Additions |  |  | – |  |  |  | – |
Change in deferred tax estimate |  |  | – |  |  |  | – |
Amortization |  |  | – |  |  |  | (195 | )
Balance at the end of the period |  | $ | 25,858 |  |  | $ | 2,306 |
The carrying amount of the core deposit intangible consisted of the following (in thousands):
|  |  | June 30, 2024 |  |  |  | December 31, 2023 |
Core deposit intangible acquired |  | $ | 3,329 |  |  | $ | 3,329 |
Less: Accumulated amortization |  |  | (1,386 | ) |  |  | (1,218 | )
|  | $ | 1,943 |  |  | $ | 2,111 |
The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years (in thousands):
Remainder of 2024 |  | $ | 168 |
2025 |  |  | 315 |
2026 |  |  | 304 |
2027 |  |  | 291 |
2028 |  |  | 279 |
Thereafter |  |  | 586 |
|  | $ | 1,943 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration