GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 8: GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill was $81.0 million at September 30, 2022 and December 31, 2021 and there were no changes in goodwill during the nine months ended September 30, 2022 or the year ended December 31, 2021. Based on the results of the Company’s assessment, management does not believe any impairment of goodwill or other intangible assets existed at September 30, 2022 or December 31, 2021.

Other intangibles as of the dates indicated below were as follows:

	Weighted-
	Average
	Remaining	Gross				Net
	Amortization	Intangible		Accumulated		Intangible
(Dollars in thousands)	Period	Assets		Amortization		Assets
September 30, 2022
Core deposits	1.9 years	$	13,750		(13,653)	$	97
Customer relationships	6.3 years		6,629		(3,866)		2,763
Servicing assets	7.3 years		672		(344)		328
Total other intangible assets, net		$	21,051	$	(17,863)	$	3,188
December 31, 2021
Core deposits	2.4 years	$	13,750	$	(13,538)	$	212
Customer relationships	7.0 years		6,629		(3,535)		3,094
Servicing assets	11.5 years		624		(272)		352
Total other intangible assets, net		$	21,003	$	(17,345)	$	3,658

Servicing Assets

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

	Nine Months Ended September 30,
(Dollars in thousands)	2022		2021
Balance at beginning of year	$	352	$	190
Increase from loan sales		62		92
Decrease from serviced loans paid off or foreclosed		(14)		(2)
Amortization		(72)		(44)
Balance at end of period	$	328	$	236