CORE DEPOSIT INTANGIBLES

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

CORE DEPOSIT INTANGIBLES

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:

	2023			2022
Beginning of year	$	1,859		$	2,313
Amortization		(441	)		(454	)
End of year	$	1,418		$	1,859

Accumulated amortization was $7,113 and $6,672 at December 31, 2023 and 2022, respectively. Amortization expense related to core deposit intangibles was $441, $454 and $686 during the years ended December 31, 2023, 2022 and 2021, respectively. The estimated aggregate future amortization expense for core deposit intangibles remaining as of December 31, 2023 was as follows:

Year Ended December 31,	Amount
2024	$	424
2025		316
2026		272
2027		270
2028		136
	$	1,418