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Core Deposits and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Core Deposits and Other Intangible Assets  
Summary of changes in the carrying amount of goodwill

The following table shows the changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 (in thousands):

 

 

 

 

 

 

 

 

    

2019

    

2018

Balance beginning of year

 

$

682

 

$

 —

Additions from acquisition

 

 

 —

 

 

682

Balance, end of year

 

$

682

 

$

682

 

Summary of intangible assets

Intangible assets in the consolidated balance sheets at December 31, 2019 and 2018 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

2018

 

 

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Intangible

 

Accumulated

 

Net Intangible

 

Intangible

 

Accumulated

 

Net Intangible

 

    

 

Assets

    

Amortization

    

Assets

    

Assets

    

Amortization

    

Assets

Core deposit intangibles

 

$

1,041

 

181

 

860

 

1,041

 

31

 

1,010

 

Summary of estimated aggregate future amortization expense for each of the next five years for intangible assets remaining

The estimated aggregate future amortization expense for each of the next five years for intangible assets remaining as of December 31, 2019 is as follows (in thousands):

 

 

 

 

2020

    

$

181

2021

 

 

181

2022

 

 

181

2023

 

 

181

2024

 

 

136