Note 10 - Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Intangible Asset and Goodwill [Text Block]

10. Goodwill and Intangible Assets

Goodwill

Goodwill as of March 31, 2026 and December 31, 2025 was $6.5 million. The Company’s goodwill is allocated to the Title Insurance Segment. See Note 7, Segment Information for allocation of goodwill and intangible assets to the Company’s segments.

Intangible Assets

Intangible assets subject to amortization consisted of the following as of March 31, 2026 (dollars in thousands):

	Weighted-average
	remaining
	amortization period		Gross carrying		Accumulated			Net carrying
	(in years)		amount		amortization			amount
Noncompetition agreement		1.3	$	372	$	(273	)	$	99
Total			$	372	$	(273	)	$	99

Intangible assets subject to amortization consisted of the following as of  December 31, 2025 (dollars in thousands):

	Weighted-average
	remaining
	amortization period		Gross carrying		Accumulated			Net carrying
	(in years)		amount		amortization			amount
Noncompetition agreement		1.6	$	372	$	(254	)	$	118
Total			$	372	$	(254	)	$	118

No impairment in the value of intangible assets was recognized during the three months ended March 31, 2026 and 2025. 

Amortization expense of the intangible assets for the three-month periods ended March 31, 2026 and 2025 was $19,000.

Estimated amortization expense of the intangible assets to be recognized by the Company during the remainder of 2026 and over the following years is as follows (in thousands):

	Estimated Amortization
Year ending December 31,	Expense
Remaining in 2026	$	55
2027		44
Total	$	99