Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

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, 2022 and December 31, 2021:

	March 31,		December 31,
(dollars in thousands)	2022		2021
Banking	$	20,131	$	20,131
Retirement and benefit services		11,359		11,359
Total goodwill	$	31,490	$	31,490

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, 2022.

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

	March 31, 2022						December 31, 2021
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Total		Gross Carrying Amount		Accumulated Amortization		Total
Identifiable customer intangibles	$	42,057	$	(22,860)	$	19,197	$	42,057	$	(21,807)	$	20,250
Total intangible assets	$	42,057	$	(22,860)	$	19,197	$	42,057	$	(21,807)	$	20,250

Amortization of intangible assets was $1.1 million and $1.2 million for the three months ended March 31, 2022, and 2021, respectively.