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GOODWILL AND OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
LCNB performs an impairment test of the carrying value of goodwill annually in the fourth quarter or sooner if circumstances indicate a possible impairment. Impairment indicators that may be considered include the condition of the economy and banking industry; estimated future cash flows; government intervention and regulatory updates; the impact of recent events to financial performance and cost factors of the reporting unit; performance of LCNB’s stock and other relevant events. These and other factors could lead to a conclusion that goodwill is impaired, which would require LCNB to write off the difference between the estimated fair value of the Company and its carrying value.

Other intangible assets in the Consolidated Balance Sheets at December 31 were as follows (in thousands):
20222021
Gross
Intangible
Assets
Accumulated
Amortization
Net
Intangible
Assets
Gross
Intangible
Assets
Accumulated
Amortization
Net
Intangible
Assets
Core deposit intangibles$8,544 7,588 956 8,544 7,110 1,434 
Mortgage servicing rights2,408 1,537 871 2,323 1,284 1,039 
Total$10,952 9,125 1,827 10,867 8,394 2,473 

The estimated aggregate future amortization expense for each of the next five years for intangible assets remaining as of December 31, 2022 is as follows (in thousands):
2023$647 
2024514 
2025302 
2026113 
202786