Goodwill and Core Deposit Intangible, Net

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Core Deposit Intangible, Net

18.Goodwill and Core Deposit Intangible, Net

In 2020, the Company recorded goodwill and core deposit intangible of $18,033,880 and $1,615,002, respectively, relating to the Heritage Bancorp, Inc. acquisition.

Amortization expense of the core deposit intangible (“CDI”) was $81,000 for each of the six months ended June 30, 2022 and 2021. The remaining weighted average life is 7.5 years at June 30, 2022.

Scheduled amortization of CDI at June 30, 2022 are as follows:

(Dollars in thousands)	CDI Amortization
2022 (six months remaining)	$	81
2023		162
2024		162
2025		162
2026		162
2027 and thereafter		482
	$	1,211