Note 7 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

7. GOODWILL AND INTANGIBLE ASSETS

Goodwill totaled

$

15.1

million for both years ended

December 

31,

2019,

and

2018.

Core deposit intangible carrying amount was

$2.1

million and

$2.4

million for the years ended

December 

31,

2019,

and

2018,

respectively. Core deposit accumulated amortization was

$1.4

million and

$1.0

million for the years ended

December 

31,

2019,

and

2018.

Amortization expense totaled

$341,000

and

$352,000

in

2019

and

2018,

respectively.

Core deposit intangible assets are amortized to their estimated residual values over their expected useful lives, commonly of

ten

 years. The estimated aggregate future amortization expense for core deposit intangible assets as of

December 

31,

2019

is as follows:

2020	$	332
2021		321
2022		309
2023		296
2024		281
Thereafter		517
Total	$	2,056