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CORE DEPOSIT INTANGIBLES
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
CORE DEPOSIT INTANGIBLES

NOTE 7 - 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:

 

 

 

2020

 

 

2019

 

Beginning of year

 

$

3,853

 

 

$

4,706

 

Amortization

 

 

(854

)

 

 

(853

)

End of year

 

$

2,999

 

 

$

3,853

 

 

Accumulated amortization was $5,532 and $4,678 at December 31, 2020 and 2019, respectively.  Amortization expense related to core deposit intangibles was $854, $853 and $718 during the years ended December 31, 2020, 2019 and 2018, respectively. The estimated aggregate future amortization expense for core deposit intangibles remaining as of December 31, 2020 was as follows:

 

Year Ended December 31,

 

Amount

 

2021

 

$

687

 

2022

 

 

453

 

2023

 

 

441

 

2024

 

 

424

 

2025

 

 

316

 

Thereafter

 

 

678

 

 

 

$

2,999