Note 17 - Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 17: Goodwill and Other Intangibles

The following table presents information on goodwill and core deposit intangible assets during the year ended December 31, 2024.

	Beginning Balance		Additions		Measurement Period Adjustment			Accumulated Amortization			Ending Balance
Goodwill	$	5,848	$	4,874	$	(4	)	$	-		$	10,718
Core deposit intangible	$	-	$	2,100		-		$	(237	)	$	1,863

In accounting for goodwill and core deposit intangibles, the Company conducts an impairment review at least annually and more frequently if certain impairment indicators are evident. Testing for 2024 and 2023 did not indicate impairment.

The aggregate amortization expense for the year ended December 31, 2024 was $237. As of December 31, 2024, estimated future remaining amortization of the core deposit intangible within the years ending December 31, is as follows:

	Amortization Expense
2025	$	373
2026		331
2027		290
2028		248
2029		207
Thereafter		414
Total amortizing core deposit intangible	$	1,863