Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

10. Goodwill and Other Intangible Assets

The gross carrying amounts and accumulated amortization of intangible assets and goodwill are presented at December 31, 2024 and 2023 in the following table:

	2024							2023
(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	$	629	$	419	2.00 years	$	1,048	$	419	$	629	3.00 years
Intangible assets associated with acquisition of mortgage company		600		250		350	2.92 years		600		130		470	3.92 years
Total Other intangibles	$	1,648	$	879	$	769	2.38 years	$	1,648	$	549	$	1,099	3.38 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
2025	$	330
2026		330
2027		109
Total amortizing intangible assets	$	769