CORE DEPOSIT INTANGIBLES

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

NOTE 6 - CORE DEPOSIT INTANGIBLES

Changes in the carrying amount of core deposit intangibles in the accompanying consolidated balance sheets as of December 31 are summarized as follows:

	2021			2020
Beginning of year	$	2,999		$	3,853
Amortization		(686	)		(854	)
End of year	$	2,313		$	2,999

Accumulated amortization was $6,218 and $5,532 at December 31, 2021 and 2020, respectively. Amortization expense related to core deposit intangibles was $686, $854 and $853 during the years ended December 31, 2021, 2020 and 2019, respectively. The estimated aggregate future amortization expense for core deposit intangibles remaining as of December 31, 2021 was as follows:

Year Ended December 31,	Amount
2022	$	453
2023		441
2024		424
2025		316
2026		272
Thereafter		407
	$	2,313