Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2019

(3) Goodwill and Other Intangibles

The Corporation’s goodwill and intangible assets related to the acquisition of HJ Wealth in April 2017 are detailed below:


	Balance			Balance	Amortization
	December 31,		Amortization	March 31,	Period
(dollars in thousands)	2018		Expense	2019	(in years)
Goodwill - Wealth	$	899	—	899	Indefinite
Total Goodwill		899	—	899

Intangible assets - trade name		266	—	266	Indefinite
Intangible assets - customer relationships		3,727	(51)	3,676	20
Intangible assets - non competition agreements		154	(17)	137	4
Total Intangible Assets		4,147	(68)	4,079
Total	$	5,046	(68)	4,978

Accumulated amortization on intangible assets was $545 thousand and $273 thousand as of March 31, 2019 and 2018, respectively.

The Corporation performed its annual review of goodwill and identifiable intangible assets in accordance with ASC 350, “Intangibles - Goodwill and Other” as of December 31, 2018. For the period from January 1, 2019 through March 31, 2019, the Corporation determined there were no events that would necessitate impairment testing of goodwill and other intangible assets.