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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Change in Goodwill

The change in goodwill during the year is as follows:

 

 

 

2021

 

 

2020

 

Beginning of year

 

$

2,333

 

 

$

2,333

 

Acquired Goodwill

 

 

33,509

 

 

 

-

 

Impairment

 

 

-

 

 

 

-

 

End of year

 

$

35,842

 

 

$

2,333

 

Schedule of Acquired Intangible Assets

Acquired intangible assets were as follows at year-end:

 

 

2021

 

 

2020

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

$

1,566

 

 

$

589

 

 

$

656

 

 

$

479

 

Trade name intangibles

 

348

 

 

 

15

 

 

 

-

 

 

 

-

 

Total

$

1,914

 

 

$

604

 

 

$

656

 

 

$

479

 

 

Schedule of Expected Amortization

Expected amortization for the next five years is as follows:

 

(In Thousands)

 

 

2022

$

263

 

2023

 

238

 

2024

 

212

 

2025

 

185

 

2026

 

166