Note 7 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 7. Goodwill and Other Intangible Assets

(in thousands)

Changes in the carrying amount of goodwill during the years ended December 31, 2022 were as follows:

	Total
Balance at December 31, 2020	$	13,030
Addition to goodwill from acquisition		-
Balance at December 31, 2021		13,030
Addition to goodwill from acquisition		-
Balance at December 31, 2022	$	13,030

There were no changes to goodwill during the year ended December 31, 2022. The Company performed a goodwill impairment test for 2022 and concluded that no impairment charge was required.

The following table provides a summary of finite-lived intangible assets as of the dates presented:

	2022			2021
Core deposit intangible	$	521		$	630
Accumulated amortization		(109	)		(109	)
Total finite-lived intangible assets	$	412		$	521

Core deposit intangible amortization expense for the years ended December 31, 2022, 2021 and 2020 was $109, $109 and $27, respectively. The estimated amortization expense of finite-lived intangible assets for the five succeeding fiscal years is summarized as follows:

Year Ending
December 31,	Amount
2023		109
2024		109
2025		109
2026		85
	$	412