Core Deposit Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Core Deposit Intangible Assets

NOTE 6 – CORE DEPOSIT INTANGIBLE ASSETS

Core Deposit Intangible

No additional core deposit intangible was recorded in 2019, 2018, or 2017. The core deposit intangible asset will be amortized over an estimated life of ten years. Amortization expense related to the core deposit intangible asset totaled $63 thousand, $101 thousand, and $116 thousand in 2019, 2018, and 2017, respectively. The following table shows the core deposit intangible and the related accumulated amortization as of December 31:

(Dollars in thousands)		2019				2018				2017
Gross carrying amount	$		1,251		$		1,251		$		1,251
Accumulated amortization			(1,147	)			(1,084	)			(983	)
Net carrying amount	$		104		$		167		$		268

The estimated aggregate future amortization expense for the core deposit assets remaining as of December 31, 2019 was as follows:

(Dollars in thousands)		Core Deposit Amortization
2020	$		60
2021			44
	$		104