XML 32 R22.htm IDEA: XBRL DOCUMENT v3.21.2
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The Company had goodwill of $156.3 million at both September 30, 2021 and December 31, 2020. The Company reviews its goodwill and intangible assets annually, on November 30, or more frequently if conditions warrant, for impairment. In testing goodwill for impairment, the Company compares the estimated fair value of its reporting unit to its carrying amount, including goodwill. The Company has determined that it has one reporting unit. During the three and nine months ended September 30, 2021, there were no triggering events that would more likely than not reduce the fair value of our one reporting unit below its carrying amount. There was no impairment of goodwill recognized during the three and nine months ended September 30, 2021 and 2020.
The Company had core deposit intangibles of $2.6 million and $3.3 million at September 30, 2021 and December 31, 2020, respectively. Amortization of core deposit intangible totaled $211,000 and $250,000 for the third quarters of 2021 and 2020, respectively, and $658,000 and $776,000 for the first nine months of 2021 and 2020, respectively. The estimated future amortization expense for the remainder of 2021 and for each of the succeeding five years ended December 31 is as follows (in thousands):
For the Year Ended
2021$210 
2022711 
2023554 
2024425 
2025317 
2026210