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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill and intangible assets deemed to have indefinite lives are no longer amortized, but are subject to impairment testing. Other intangible assets, such as core deposit intangibles and loan servicing assets, continue to be amortized over their useful lives. Goodwill represents the purchase price over the fair value of net assets acquired from the Homestead Bancorp in 2007, Premier Bancshares, Inc. in 2017 and Union Bancshares, Incorporated in 2019. No impairment charges have been recognized since acquisition. Goodwill totaled $12.9 million at December 31, 2023 and 2022. Other intangible assets not subject to amortization totaled $0.1 million and $0 at December 31, 2023 and 2022.

The following table summarizes intangible assets subject to amortization.

 December 31, 2023December 31, 2022
(in thousands)Gross
Carrying Amount		Accumulated
Amortization		Net
Carrying Amount		Gross
Carrying Amount		Accumulated
Amortization		Net
Carrying Amount
Core deposit intangibles$16,266 $12,607 $3,659 $16,266 $11,911 $4,355 
Loan servicing assets2,198 1,659 539 2,195 1,571 624 
Total$18,464 $14,266 $4,198 $18,461 $13,482 $4,979 

The core deposits intangible reflect the value of deposit relationships, including the beneficial rates, which arose from acquisitions. The weighted-average amortization period remaining for the core deposit intangibles is 5.3 years.

Amortization expense relating to purchase accounting intangibles totaled $0.7 million for the years ended December 31, 2023 and 2022, respectively.

Amortization expense of the core deposit intangible assets for the next five years is as follows:

For the Years Ended
Estimated Amortization Expense
(in thousands)
December 31, 2024$696 
December 31, 2025$696 
December 31, 2026$696 
December 31, 2027$696 
December 31, 2028$696