Intangible Assets

12 Months Ended

Dec. 31, 2019

Intangible Assets

Intangible Assets

Note 7: Intangible Assets

The following table presents a summary of intangible assets at December 31, 2019 and 2018:

	December 31,
	2019		2018
Core Deposit Intangible	$	1,093	$	1,093
Favorable Lease		445		445
Subtotal		1,538		1,538
Accumulated Amortization		(677)		(486)
Totals	$	861	$	1,052

Amortization expense of intangible assets was $191 for the years ended December 31, 2019, 2018 and 2017.

The following table presents the estimated future amortization of the core deposit premium intangible and favorable lease asset for the next five years and thereafter. The projections of amortization expense are based on existing asset balances as of December 31, 2019.

	Core Deposit		Favorable
	Intangible		Lease
2020	$	157	$	34
2021		157		34
2022		157		34
2023		65		34
2024		—		34
Thereafter		—		155
Totals	$	536	$	325