Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Intangible assets at December 31, 2019 and 2018 are summarized as follows:

	December 31,
	2019		2018
	(In thousands)
Goodwill	$	60,763	$	5,716
Core deposit intangibles	7,245		—
Mortgage servicing rights	574		369
	$	68,582	$	6,085

Mortgage servicing rights' amortization expense for the years ended December 31, 2019 and 2018, September 30, 2017, and the three months ended December 31, 2017 amounted to $109,000, $73,000, $105,000, and $22,000 respectively. Core deposit intangible amortization expense for the year ended December 31, 2019 amounted to $222,000. There was no core deposit amortization expense for the years ended December 31, 2018, September 30, 2017 or the three months ended December 31, 2017.

Scheduled amortization of core deposit intangibles for each of the next five years and thereafter is as follows:

Year Ending December 31,	Core Deposit Intangible Amortization
	(In thousands)
2020	$	1,048
2021	1,024
2022	961
2023	892
2024	819
Thereafter	2,501