Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill and Other Intangible Assets [Abstract]

Gross Carrying Value and Accumulated Amortization of Intangible Assets

The following table provides the gross carrying value and accumulated amortization of intangible assets as of September 30, 2018 and December 31, 2017 (in thousands):

	September 30, 2018							December 31, 2017
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	1,722	$	(1,055	)	$	667	$	1,605	$	(912	)	$	693
Core deposit intangibles		1,786		(786	)		1,000		1,786		(586	)		1,200
Covenant not to compete		125		(89	)		36		125		(65	)		60
Total amortized intangible assets	$	3,633	$	(1,930	)	$	1,703	$	3,516	$	(1,563	)	$	1,953
Unamortized intangible assets:
Goodwill	$	23,296						$	23,296
(1) Excludes fully amortized intangible assets

Future Amortization Expense for Amortized Intangible Assets

The following table provides the current year and estimated future amortization expense for amortized intangible assets for the next five years. We based our projections of amortization expense shown below on existing asset balances (in thousands) at September 30, 2018. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Covenant not to compete		Total
Three months ended September 30, 2018 (actual)	$	46	$	66	$	8	$	120
Nine months ended September 30, 2018 (actual)		143		200		24		367
Three months ended September 30, 2017 (actual)		44		66		8		118
Nine months September 30, 2017 (actual)		134		200		23		357
Estimate for year ended December 31,
Remaining 2018		43		64		7		114
2019		173		230		29		432
2020		137		197		-		334
2021		106		165		-		271
2022		78		133		-		211