Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

At December 31, 2012 the Company had $4.5 million of goodwill and $249,000 of core deposit intangibles. The following table summarizes the carrying value of those assets at December 31, 2012 and 2011.

(in 000's)	December 31, 2012		December 31, 2011
Goodwill	$	4,488	$	4,488
Core deposit intangible assets		249		449
Other intangible assets		-		104
Total goodwill and intangible assets	$	4,737	$	5,041

Amortization and Impairment Losses of Intangible Assets and Goodwill

Core deposit intangibles and other identified intangible assets are amortized over their useful lives, while goodwill is not amortized. The Company conducts periodic impairment analysis on goodwill and intangible assets and goodwill at least annually or more often as conditions require. The following table summarizes the amortization expense and impairment losses recorded on the Company's intangible assets and goodwill for the years ended December 2012 and 2011.

(in 000's)	2012		2011
Amortization expense - core deposit intangibles	$	198	$	482
Amortization expense - other intangibles		106		138
Total amortization expense	$	304	$	620
Impairment losses - core deposit intangibles	$	0	$	36
Impairment losses - goodwill		0		1,489
Total impairment losses	$	0	$	1,525