Intangible Assets

12 Months Ended

Dec. 31, 2019

Intangible Assets

Intangible Assets

NOTE 17 – Intangible Assets

The core deposit premium intangible asset had a gross carrying amount of $161 and accumulated amortization of $90 at December 31, 2019. The core deposit premium intangible asset had a gross carrying amount of $161 and accumulated amortization of $74 at December 31, 2018. Aggregate amortization expense for the years ended December 31, 2019 and 2018 was $16 and $16.

The following table shows the estimated future amortization of the core deposit premium intangible asset for the next five years. The projections of amortization expense are based on existing asset balances:

	As of December
	31, 2019
2020	16
2021	16
2022	16
2023	16
2024	7