Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets [Abstract]

Changes in Carrying Amounts of Goodwill and Core Deposit Intangibles

The following table presents the changes in the carrying amounts of goodwill and core deposit intangibles for the three months ended June 30, 2021:

	Goodwill		Core Deposit Intangible
	(In thousands)
Balance at the beginning of the period	$	-	$	-
Additions		25,996		3,329
Accretion		-		(131	)
Impairment		-		-
Balance at the end of the period	$	25,996	$	3,198

Components of Carrying Amount of Core Deposit Intangible

The carrying amount of the core deposit intangible consisted of the following at June 30, 2021:

	(In thousands)
Core deposit intangible acquired	$	3,329
Less: accumulated amortization		(131	)
	$	3,198

Estimated Amortization Expense for Core Deposit Intangible

The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years:

	(In thousands)
2021	$	262
2022		435
2023		390
2024		336
2025		315
Thereafter		1,460
	$	3,198