Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

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 for the six-month period ended June 30, 2022:

	Goodwill			Core Deposit Intangible
	(In thousands)
Balance at the beginning of the period	$	25,996		$	2,936
Additions		-			-
Change in deferred tax estimate		(138	)		-
Amortization		-			(217	)
Balance at the end of the period	$	25,858		$	2,719

Components of Carrying Amount of Core Deposit Intangible

The carrying amount of the core deposit intangible consisted of the following at June 30, 2022 (in thousands):

Core deposit intangible acquired	$	3,329
Less: accumulated amortization		(610	)
	$	2,719

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):

2022	$	219
2023		390
2024		336
2025		315
2026		304
Thereafter		1,155
	$	2,719