Note 22 - Goodwill

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

2 2 . Goodwill

The Company completed an annual impairment test for goodwill as of

July 31, 2019

and

2018.

Future impairment testing will be conducted as of

July 31

on an annual basis, 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 year ended

December 31, 2019

and

2018,

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.

On

July 28, 2016,

Republic acquired all of the issued and outstanding limited liability company interests of Oak Mortgage Company, LLC (“Oak Mortgage”) and, as a result, Oak Mortgage became a wholly owned subsidiary of Republic on that date. The Company’s goodwill related to the acquisition of Oak Mortgage in

July 2016

is detailed below:

(dollars in thousands)	Balance December 31, 201 8		Additions/ Adjustments		Amortization		Balance December 31, 201 9		Amortization Period (in years)
Goodwill	$	5,011	$	-	$	-	$	5,011	Indefinite

(dollars in thousands)	Balance December 31, 201 7		Additions/ Adjustments		Amortization		Balance December 31, 201 8		Amortization Period (in years)
Goodwill	$	5,011	$	-	$	-	$	5,011	Indefinite