GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 9 – GOODWILL AND OTHER INTANGIBLE ASSETS

The following table summarizes the changes in the Company’s goodwill and core deposit intangible assets for the years ended December 31:

	Year Ended December 31,
	2021				2020				2019
			Core Deposit				Core Deposit				Core Deposit
	Goodwill		Intangible		Goodwill		Intangible		Goodwill		Intangible
	(dollars in thousands)
Beginning balance	$	23,620	$	2,798	$	23,620	$	4,030	$	23,620	$	5,453
Additions		5,702		199		—		—		—		—
Amortization		—		(1,054)		—		(1,232)		—		(1,423)
Ending balance	$	29,322	$	1,943	$	23,620	$	2,798	$	23,620	$	4,030
Accumulated amortization	$	—	$	19,974	$	—	$	18,920	$	—	$	17,688

Amortization of core deposit intangible assets for the years subsequent to December 31, 2021 is expected to be as follows (dollars in thousands):

Year ended December 31,
2022	$	873
2023		353
2024		337
2025		275
2026		20
Thereafter		85
Total	$	1,943