Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

NOTE 5 Goodwill and Other Intangible Assets

The following table summarizes the carrying amount of goodwill, by segment, as of March 31, 2021 and December 31, 2020:

	March 31,		December 31,
(dollars in thousands)	2021		2020
Banking	$	20,131	$	20,131
Retirement and benefit services		10,070		10,070
Total goodwill	$	30,201	$	30,201

The gross carrying amount and accumulated amortization for each type of identifiable intangible asset are as follows:

	March 31, 2021						December 31, 2020
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Total		Gross Carrying Amount		Accumulated Amortization		Total
Identifiable customer intangibles	$	43,346	$	(18,578)	$	24,768	$	43,346	$	(17,490)	$	25,856
Core deposit intangible assets		—		—		—		3,793		(3,730)		63
Total intangible assets	$	43,346	$	(18,578)	$	24,768	$	47,139	$	(21,220)	$	25,919

Amortization of intangible assets was $1.2 million and $1.0 million for the three months ended March 31, 2021, and 2020, respectively.

Goodwill is evaluated for impairment on an annual basis, at a minimum, and more frequently when the economic environment warrants. The Company determined that there was no goodwill impairment as of March 31, 2021.