Goodwill And Other Intangible Assets

12 Months Ended

Dec. 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 December 31, 2022		As of December 31, 2021
Goodwill	$	10,835	$	10,835

	As of December 31, 2022						As of December 31, 2021
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Intangible Asset		Gross Carrying Amount		Accumulated Amortization		Net Intangible Asset
Core deposit intangibles	$	3,590	$	(2,956)	$	634	$	3,590	$	(2,558)	$	1,032

Core deposit intangible is amortized on an accelerated basis over its estimated life of 8 years. Amortization expense related to intangible assets totaled $0.4 million and $0.5 million for the years ended December 31, 2022 and 2021.

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

(dollars in thousands)
2023	$	302
2024	205
2025	109
2026	18
	$	634

As of December 31, 2022, the Company did not have impairment to goodwill or CDI.

Management performed its annual analysis of goodwill and CDI during the fourth quarter of 2022 and concluded that there was no impairment at December 31, 2022.