Note 6 - Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 6. Goodwill and Intangible Assets

Goodwill

An analysis of goodwill during the nine-month period ended September 30, 2021 and for the year ended December 31, 2020 is as follows:

	September 30,		December 31,
(dollars in thousands)	2021		2020
Beginning of year	$	3,257	$	3,257
Impairment		-		-
End of the period	$	3,257	$	3,257

Intangible Assets

The following table presents the activity for the Company’s core deposit intangible assets, which are the only identifiable intangible assets subject to amortization. Core deposit intangibles at September 30, 2021 and December 31, 2020 are as follows:

	September 30,			December 31,
(dollars in thousands)	2021			2020
Balance at beginning of year, net	$	2,359		$	3,070
Amortization expense		(461	)		(711	)
Net book value	$	1,898		$	2,359

Aggregate amortization expense was $461 thousand and $548 thousand for the nine-month periods ended September 30, 2021 and 2020, respectively. Aggregate amortization expense was $134 thousand and $163 thousand for the three-month periods ended September 30, 2021 and 2020, respectively.