Note 9 - Goodwill and Other Intangibles

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note

9

: Goodwill and Other Intangibles

The Company completed an annual impairment test for goodwill as of

July 31, 2017.

Future impairment testing will be conducted each

July 31,

unless a triggering event occurs in the interim that would suggest impairment, in which case it would be tested as of the date of the triggering event. During the

six

months ended

June 30, 2018

and

2017,

there was

no

goodwill impairment recorded. There can be

no

assurance that future impairment assessments or tests will

not

result in a charge to earnings.

The Company’s goodwill and intangible assets related to the acquisition of Oak Mortgage in

July 2016

is detailed below:

(dollars in thousands)	Balance December 31, 2017		Additions/ Adjustments		Amortization		Balance June 3 0 , 2018		Amortization Period (in years)
Goodwill	$	5,011	$	-	$	-	$	5,011	Indefinite

(dollars in thousands)	Balance December 31, 2016		Additions/ Adjustments		Amortization			Balance June 3 0 , 2017		Amortization Period (in years)
Goodwill	$	5,011	$	-	$	-		$	5,011		Indefinite
Non-compete agreements		61		-		(52	)		9		1
Total	$	5,072	$	-	$	(52	)	$	5,020