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Goodwill and Other Intangibles
6 Months Ended
Jun. 30, 2019
Goodwill and Other Intangibles [Abstract]  
Goodwill and Other Intangibles

Note 7 – Goodwill and Other Intangibles

The following table provides information on the significant components of goodwill and other acquired intangible assets at June 30, 2019 and December 31, 2018.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Gross

 

Accumulated

 

 

 

 

Net

 

Average

 

 

Carrying

 

Impairment

 

Accumulated

 

Carrying

 

Remaining Life

(Dollars in thousands)

   

Amount

   

Charges

   

Amortization

   

Amount

 

(in years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

19,728

 

$

(1,543)

 

$

(667)

 

$

17,518

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortizable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangible

 

$

3,954

 

$

 —

 

$

(1,414)

 

$

2,540

 

 

6.5

Total other intangible assets

 

$

3,954

 

$

 —

 

$

(1,414)

 

$

2,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Gross

 

 

Accumulated

 

 

 

 

Net

 

Average

 

 

Carrying

 

Impairment

 

 

Accumulated

 

Carrying

 

Remaining Life

(Dollars in thousands)

   

Amount

   

Charges

   

 

Amortization

   

Amount

 

(in years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

19,728

 

$

(1,543)

 

$

(667)

 

$

17,518

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortizable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangible

 

$

3,954

 

$

 —

 

$

(1,097)

 

$

2,857

 

 

7.2

Total other intangible assets

 

$

3,954

 

$

 —

 

$

(1,097)

 

$

2,857

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The aggregate amortization expense included in continuing operations was $317 thousand for June 30, 2019 and $350 thousand for June 30, 2018.

At June 30, 2019, estimated future remaining amortization for amortizing intangibles within the years ending December 31, is as follows:

 

 

 

 

(Dollars in thousands)

 

Amortization
Expense

2019

 

$

288

2020

 

 

533

2021

 

 

461

2022

 

 

389

2023

 

 

317

2024

 

 

246

Thereafter

 

 

306

Total amortizing intangible assets

 

$

2,540