Goodwill and Other Intangibles

6 Months Ended

Jun. 30, 2020

Goodwill and Other Intangibles

Goodwill and Other Intangibles

(16) Goodwill and Other Intangibles

The Company has recorded goodwill associated with mergers totaling $25.8 million. Goodwill is not amortized, but is periodically evaluated for impairment. The Company did not recognize any impairment during either of the three or six months ended June 30, 2020 or June 30, 2019.

Identifiable intangibles are amortized to their estimated residual values over the expected useful lives of such assets. The balance of the core deposit intangible at June 30, 2020 was $1.6 million net of $2.5 million of accumulated amortization as of that date.

As of June 30, 2020, the estimated future amortization expense for the core deposit intangible was (dollars in thousands):

2020	$	217
2021		353
2022		326
2023		326
2024		325
2025		81
	$	1,628