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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Schedule of estimated amortization expense for each of the next five years

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

December 31,

(In thousands)

 

 

2016

 

 

2015

Beginning of period

 

$

1,360

 

$

 —

Additions

 

 

 —

 

 

1,377

Amortization

 

 

204

 

 

17

End of period

 

$

1,156

 

$

1,360

 

Schedule of other intangible assets

 

 

 

 

(In thousands)

 

 

Amount

2017

 

$

173

2018

 

 

147

2019

 

 

126

2020

 

 

120

2021

 

 

120

Thereafter

 

 

470

 

NUVO Bank & Trust Company  
Schedule of goodwill

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

(In thousands)

 

2016

 

2015

Beginning of period

 

$

6,967

 

$

 —

Effect of adjustments

 

 

44

 

 

 —

Goodwill recorded in acquisition

 

 

 —

 

 

6,967

Impairment

 

 

 —

 

 

 —

End of period

 

$

7,011

 

$

6,967