Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and certain other intangible assets with indefinite useful lives are not amortized into net income over an estimated life, but rather are tested at least annually for impairment.  Intangible assets determined to have definite useful lives are amortized over their estimated useful lives and also are subject to impairment testing.

In accordance with ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, during first quarter 2020, we evaluated recent potential triggering events that might be indicators that our goodwill was impaired. The events included, among others, the economic disruption and uncertainty surrounding the COVID-19 pandemic. We determined that there were no indicators of impairment noted as of March 31, 2020.

The following table presents our goodwill activity by reporting unit for 2020.

Dollars in thousands	Goodwill Activity
Balance, January 1, 2020	$	12,658
Reclassifications to goodwill	144
Acquired goodwill, net	32,693
Balance, December 31, 2020	$	45,495

In addition, at December 31, 2020 and December 31, 2019, we had $9.63 million and $10.36 million in unamortized identified intangible assets comprised of core deposit intangibles.

	Other Intangible Assets
Dollars in thousands	December 31, 2020		December 31, 2019
Identified intangible assets
Gross carrying amount	$	15,650	$	14,727
Less: accumulated amortization	6,022		4,363
Net carrying amount	$	9,628	$	10,364

Amortization relative to our identified intangible assets is as follows:

	Core Deposit		Customer
Dollars in thousands	Intangible		Intangible
Actual:
2018	$	1,471	$	200
2019	1,634		67
2020	1,659		—
Expected:
2021	1,547		—
2022	1,409		—
2023	1,272		—
2024	1,134		—
2025	998		—
Thereafter	3,198		—