11. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

On September 8, 2006, the Company acquired a branch office in Richfield, PA. Goodwill associated with this transaction is carried at $2,046,000. On November 30, 2015, the Company acquired FNBPA and carries goodwill of $3,402,000 relating to the acquisition. On April 30, 2018, Juniata completed the acquisition of LCB and as a result, recorded goodwill of $3,691,000 at December 31, 2018. In the first quarter of 2019, an adjustment was made to the carrying value of the LCB goodwill, decreasing it to $3,599,000 as of December 31, 2019. Total goodwill at December 31, 2019 and December 31, 2018 was $9,047,000 and $9,139,000, respectively.

Intangible Assets

On November 30, 2015, a core deposit intangible in the amount of $303,000 associated with the FNBPA acquisition was recorded. On April 30, 2018, a core deposit intangible of $289,000 associated with the LCB acquisition was recorded. Both core deposit intangibles are being amortized over a ten-year period using a sum of the years’ digits basis.

The following table shows the amortization schedule for each of the intangible assets recorded.


(Dollars in thousands)	FNBPA		LCB
	Acquisition		Acquisition
	Core		Core
	Deposit		Deposit
	Intangible		Intangible
Beginning Balance at Acquisition Date	$	303	$	289
Amortization expense recorded prior to December 31, 2017		108		—
Amortization expense recorded in Years ended:
December 31, 2018		44		35
December 31, 2019		38		49
Unamortized balance as of December 31, 2019	$	113	$	205

Scheduled Amortization expense for years ended:
December 31, 2020		33		44
December 31, 2021		27		39
December 31, 2022		22		33
December 31, 2023		16		28
December 31, 2024		10		23
After December 31, 2024		5		38