GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and other intangible assets are presented in the tables below.

(dollars in thousands)	As of March 31, 2022		As of December 31, 2021
Goodwill	$	10,835	$	10,835

	As of March 31, 2022						As of December 31, 2021
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets		Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets
Core deposit intangible	$	3,590	$	(2,666)	$	924	$	3,590	$	(2,558)	$	1,032

The estimated aggregate future amortization expense for intangible assets remaining as of March 31, 2022 is as follows:

(dollars in thousands)
Remainder of 2022	$	290
2023	302
2024	205
2025	109
2026	18
	$	924

As of March 31, 2022, the Company did not have impairment to goodwill or core deposit intangibles ("CDI"). At March 31, 2022 the Company had goodwill of $10.8 million or 5.61% of equity and CDI of $0.9 million or 0.48% of equity.

Management performed its annual analysis of goodwill and CDI during the fourth quarter of 2021 and concluded that there was no impairment at December 31, 2021. At March 31, 2022, management's analysis concluded that there were no changes in the Company's financial statements or operations subsequent to the fourth quarter 2021 annual analyses that would indicate that it was more likely than not that goodwill or CDI was impaired.