Goodwill and Core Deposit Intangible (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Core Deposit Intangible [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 year ended December 31, 2021:

	Goodwill		Core Deposit Intangible
	(In thousands)
Balance at the beginning of the period	$	-	$	-
Additions		25,996		3,329
Amortization		-		(393	)
Impairment		-		-
Balance at the end of the period	$	25,996	$	2,936

Estimated Amortization Expense for Core Deposit Intangible

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

	(In thousands)
2022	$	435
2023		390
2024		336
2025		315
2026		304
Thereafter		1,156
	$	2,936