Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019 and December 31, 2018 (in thousands):

	March 31, 2019							December 31, 2018
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	1,763	$	(1,114	)	$	649	$	1,725	$	(1,066	)	$	659
Core deposit intangibles		1,786		(909	)		877		1,786		(851	)		935
Covenant not to compete		125		(104	)		21		125		(96	)		29
Total amortized intangible assets	$	3,674	$	(2,127	)	$	1,547	$	3,636	$	(2,013	)	$	1,623
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 March 31, 2019. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Covenant not to compete		Total
Three months ended March 31, 2019 (actual)	$	48	$	58	$	8	$	114
Three months ended March 31, 2018 (actual)		49		69		8		126
Estimate for year ending December 31,
Remaining 2019		138		172		21		331
2020		150		197		-		347
2021		117		165		-		282
2022		88		133		-		221
2023		64		100		-		164