Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2020

(3) Goodwill and Other Intangibles

The Corporation’s goodwill and intangible assets are detailed below:


	Balance			Balance	Amortization
	December 31,		Amortization	March 31,	Period
(dollars in thousands)	2019		Expense	2020	(in years)
Goodwill - Wealth	$	899	—	899	Indefinite
Total Goodwill		899	—	899

Intangible assets - trade name		266	—	266	Indefinite
Intangible assets - customer relationships		3,523	(52)	3,471	20
Intangible assets - non competition agreements		85	(17)	68	4
Total Intangible Assets		3,874	(69)	3,805
Total	$	4,773	(69)	4,704

Accumulated amortization on intangible assets was $819 thousand and $750 thousand as of March 31, 2020 and December 31, 2019, respectively.

The Corporation performs an evaluation annually, or more frequently if a triggering event occurs, of whether any impairment of the goodwill and other intangible assets had occurred in accordance with ASC 350, “Intangibles - Goodwill and Other”. For the period from January 1, 2020 through March 31, 2020, the Corporation determined that no impairment existed.