GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2020

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 8: GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill was $81.0 million at June 30, 2020 and December 31, 2019 and there were no changes in goodwill during the six months ended June 30, 2020 or the year ended December 31, 2019. As of June 30, 2020, the Company evaluated recent potential triggering events, including the economic disruption and uncertainties related to the COVID-19 pandemic and the sustained instability in the oil and gas industry, that could be indicators of impairment. Based on the results of the Company’s assessment, management does not believe any impairment of goodwill or other intangible assets existed at June 30, 2020. Other intangibles were as follows as of the dates shown below:

	Weighted-
	Average
	Remaining	Gross				Net
	Amortization	Intangible		Accumulated		Intangible
(Dollars in thousands)	Period	Assets		Amortization		Assets
June 30, 2020
Core deposits	3.8 years	$	13,750	$	(13,153)	$	597
Customer relationships	8.5 years		6,629		(2,873)		3,756
Servicing assets	11.0 years		330		(187)		143
Total other intangible assets, net		$	20,709	$	(16,213)	$	4,496
December 31, 2019
Core deposits	4.2 years	$	13,750	$	(12,979)	$	771
Customer relationships	9.0 years		6,629		(2,651)		3,978
Servicing assets	12.8 years		368		(179)		189
Total other intangible assets, net		$	20,747	$	(15,809)	$	4,938

Servicing Assets

Changes in the related servicing assets as of the dates indicated below were as follows:

	Six Months Ended June 30,
(Dollars in thousands)	2020		2019
Balance at beginning of year	$	189	$	166
Increase from loan sales		9		30
Decrease from serviced loans paid off or foreclosed		—		(30)
Amortization		(55)		(16)
Balance at end of period	$	143	$	150