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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Other Intangible Assets [Abstract]  
Goodwill and Other Intangible Assets

12. Goodwill and Other Intangible Assets

The gross carrying amounts and accumulated amortization of intangible assets and goodwill are presented at December 31, 2022 and 2021 in the following table:

December 31, 2022

December 31, 2021

(In thousands)

Gross
Carrying
Amount

Accumulated Amortization

Net
Carrying
Amount

Weighted Average Remaining Life

Gross
Carrying
Amount

Accumulated Amortization

Net
Carrying
Amount

Weighted Average Remaining Life

Amortizing intangible assets:

Intangible assets associated with purchase of wealth portfolio

$

1,048

$

209

$

839

4.00 years

$

1,048

$

$

1,048

5.00 years

Intangible assets associated with acquisition of mortgage company

600

10

590

4.92 years

Total Other intangibles

$

1,648

$

219

$

1,429

4.38 years

$

1,048

$

$

1,048

5.00 years

Goodwill

$

11,004

$

11,004

$

11,004

$

11,004

The following table presents the estimated future amortization expense for amortizing intangible assets within the years ending December 31:

(in thousands)

    

Amount

2023

$

330

2024

330

2025

330

2026

330

2027

109

Total amortizing intangible assets

$

1,429