GOODWILL AND OTHER INTANGIBLE ASSETS

In accordance with ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, during third quarter 2019, we performed the qualitative assessment of goodwill and determined that the fair value was more likely than not greater than its carrying value. In performing the qualitative assessment, we considered certain events and circumstances such as macroeconomic conditions, industry and market considerations, overall financial performance and cost factors when evaluating whether it is more likely than not that the fair value is less than the carrying value. No indicators of impairment were noted as of September 30, 2019.

The following tables present our goodwill by reporting unit at September 30, 2019 and other intangible assets by reporting unit at September 30, 2019 and December 31, 2018.



	Goodwill Activity
Dollars in thousands	Community Banking		Insurance Services			Total
Balance, January 1, 2019	$	10,562	$	4,710		$	15,272
Reclassifications to goodwill	—		—			—
Acquired goodwill, net	1,855		—			1,855
Goodwill reduction in conjunction with sale of Summit Insurance Services, LLC	—		(4,710		)	(4,710		)
Balance, September 30, 2019	$	12,417	$	—		$	12,417



	Other Intangible Assets
	September 30, 2019						December 31, 2018
Dollars in thousands	Community Banking		Insurance Services		Total		Community Banking		Insurances Services		Total
Identifiable intangible assets
Gross carrying amount	$	14,727	$	3,000	$	17,727	$	12,598	$	3,000	$	15,598
Less: accumulated amortization	3,962		2,367		6,329		2,728		2,300		5,028
Less: customer intangible reduction in conjunction with sale of Summit Insurance Services, LLC	—		633		633		—		—		—
Net carrying amount	$	10,765	$	—	$	10,765	$	9,870	$	700	$	10,570

We recorded amortization expense of $1,300,000 and $1,261,000 for the nine months ended September 30, 2019 and 2018, respectively, relative to our identifiable intangible assets.

Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five years:



	Core Deposit
Dollars in thousands	Intangible
2019	$	1,634
2020	1,513
2021	1,393
2022	1,273
2023	1,152