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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2017
GOODWILL AND INTANGIBLE ASSETS  
Schedule of change in balance for goodwill

 

The change in balance for goodwill during the year is as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

    

2016

    

2015

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of year

 

$

14,001

 

$

14,001

 

$

13,117

 

Acquired goodwill

 

 

 —

 

 

 —

 

 

884

 

Impairment

 

 

 —

 

 

 —

 

 

 —

 

End of year

 

$

14,001

 

$

14,001

 

$

14,001

 

 

Schedule of acquired intangible assets

Acquired intangible assets were as follows at year-end (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

 

    

Gross

    

    

 

    

Gross

    

    

 

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Accumulated

 

 

 

Amount

 

Amortization

 

Amount

 

Amortization

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

800

 

$

431

 

$

800

 

$

271

 

 

Schedule of estimated amortization expense for each of the next five years

 

Estimated amortization expense for each of the next five years (in thousands):

 

 

 

 

 

 

2018

    

$

131

 

2019

 

 

102

 

2020

 

 

74

 

2021

 

 

45

 

2022

 

 

17