Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

11. Goodwill and Other Intangible Assets

The gross carrying amounts and accumulated amortization of intangible assets and goodwill are presented at December 31, 2023 and 2022 in the following table:

	December 31, 2023							December 31, 2022
(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	$	419	$	629	3.00 years	$	1,048	$	209	$	839	4.00 years
Intangible assets associated with acquisition of mortgage company		600		130		470	3.92 years		600		10		590	4.92 years
Total Other intangibles	$	1,648	$	549	$	1,099	3.38 years	$	1,648	$	219	$	1,429	4.38 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
2024	$	330
2025		330
2026		330
2027		109
Total amortizing intangible assets	$	1,099