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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
(In thousands)BankingInsuranceWealth ManagementTotal
Balance at January 1, 2019$64,369 $19,703 $8,211 $92,283 
Acquisitions164 164 
Balance at December 31, 201964,369 19,867 8,211 92,447 
Acquisitions
Balance at December 31, 2020$64,369 $19,867 $8,211 $92,447 

In the second quarter of 2019, Tompkins Insurance acquired the Cali Agency, Inc., an insurance agency located in western New York, in a cash transaction. The Company recorded the following intangible assets as a result of the acquisition: goodwill ($164,000), customer related intangible ($171,000) and a covenant-not-to-compete ($87,000). The values of the customer related intangible and covenant-not-to-compete are being amortized over 15 years and 5 years, respectively.
Goodwill is assigned to reporting units. The Company reviews its goodwill and intangible assets annually, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. Based on the Company’s review as of December 31, 2020, there was no impairment of its goodwill or intangible assets. The Company’s impairment testing is highly sensitive to certain assumptions and estimates used. In the event that economic or credit conditions deteriorate significantly, additional interim impairment tests may be required.
 
Other Intangible Assets

The following table provides information regarding the Company's amortizing intangible assets:
December 31, 2020Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In thousands)
Amortized intangible assets:
Core deposit intangible$18,774 $17,367 $1,407 
Customer relationships9,048 6,884 2,164 
Other intangibles6,585 5,251 1,334 
Total intangible assets$34,407 $29,502 $4,905 

December 31, 2019Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In thousands)
Amortized intangible assets:
Core deposit intangible$18,774 $16,404 $2,370 
Customer relationships9,048 6,405 2,643 
Other intangibles6,197 4,987 1,210 
Total intangible assets$34,019 $27,796 $6,223 
 
Amortization expense related to intangible assets totaled $1.5 million in 2020, $1.7 million in 2019 and $1.8 million in 2018. The estimated aggregate future amortization expense for intangible assets remaining as of December 31, 2020 is as follows:
Estimated amortization expense:1
(In thousands)
For the year ended December 31, 2021$1,342 
For the year ended December 31, 2022897 
For the year ended December 31, 2023334 
For the year ended December 31, 2024294 
For the year ended December 31, 2025264 
 1Excludes the amortization of mortgage servicing rights.  Amortization of mortgage servicing rights was $221,000 in 2020, $117,000 in 2019 and $69,000 in 2018.