GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

The carrying amount of goodwill and other intangible assets for each of the years ended December 31, 2018 and 2017 was $44.6 million and $45.7 million, respectively. The carrying amount of goodwill at December 31, 2018 and 2017 was $42.2 million. Goodwill is evaluated for impairment on at least an annual basis and more frequently if an event occurs or circumstances indicate the carrying value exceeds the fair value. At December 31, 2018, the Company performed a qualitative assessment to determine if it was more likely than not that the fair value exceeded carrying value. The qualitative assessment indicated that it was more likely than not that the fair value exceeded its carrying value, resulting in no impairment.

Changes to the carrying amount of the intangible asset is presented in the table below (in thousands):



Core deposit intangible	December 31, 2018			December 31, 2017
Balance, beginning of year	$	11,674		$	11,674
Accumulated amortization	(9,265		)	(8,159		)
Balance, end of year	$	2,409		$	3,515

Amortization expense of $1.1 million was recorded on the core deposit intangible for the years ended December 31, 2018 and 2017, respectively.

The amortization expense on the core deposit intangible assets for the three succeeding years is as follows (in thousands):



2019	$	1,106
2020	726
2021	577
	$	2,409