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Goodwill and Core Deposit Intangible Assets
12 Months Ended
Dec. 31, 2011
Goodwill and Core Deposit Intangible Assets [Abstract]  
Goodwill and Core Deposit Intangible Assets
Note 7 - Goodwill and Core Deposit Intangible Assets
(Table amounts in $ 000s)

The Company had no goodwill or intangible assets at year-end 2011 or 2010.  

During 2009, the Company conducted its annual analysis of the valuation of its goodwill.  To determine whether the Company's goodwill required any adjustment, the Company determined the fair value of the Company's equity.  The Company engaged a specialist who used a market based approach as well as an income approach to evaluate the fair value of the Company's equity.  The analysis determined that the Company's goodwill was impaired in its entirety and as such the Company recognized a $9,522,000 write-down to its goodwill during 2009.
 
The Company had a core deposit intangible asset arising from the First State Bank of Round Lake acquisition on January 5, 2004 that was recorded at $3,246,000.  During 2010, the core deposit intangible was fully amortized with amortization expense of $462,000 in 2010 and $464,000 in 2009.  The core deposit intangible was amortized on the straight-line method over seven years.