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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2017
GOODWILL AND INTANGIBLE ASSETS  
Schedule of goodwill

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

(In thousands)

 

2017

 

2016

Beginning of period

 

$

7,011

 

$

7,011

Acquired goodwill

 

 

 —

 

 

 —

Impairment

 

 

 —

 

 

 —

End of period

 

$

7,011

 

$

7,011

 

Schedule of estimated amortization expense for each of the next five years

 

 

 

 

(In thousands)

 

 

Amount

Remainder of 2017

 

$

130

2018

 

 

147

2019

 

 

126

2020

 

 

120

2021

 

 

120

2022

 

 

120

Thereafter

 

 

350

 

Schedule of other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2017

 

December 31, 2016

 

 

Gross

 

 

 

Net

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

 

Carrying

 

Accumulated

 

Carrying

 

(In thousands)

 

Amount

 

Amortization

 

Amount

 

 

Amount

 

Amortization

 

Amount

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangible

 

$

1,377

 

$

(264)

 

$

1,113

 

 

$

1,377

 

$

(221)

 

$

1,156

 

Total

 

$

1,377

 

$

(264)

 

$

1,113

 

 

$

1,377

 

$

(221)

 

$

1,156