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Goodwill and Other Intangibles
12 Months Ended
Dec. 31, 2021
Goodwill and Other Intangibles [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS

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

December 31, 2021

Weighted

Gross

Accumulated

Net

Average

Carrying

Impairment

Accumulated

Carrying

Remaining Life

(Dollars in thousands)

   

Amount

   

Additions

Charges

   

Amortization

   

Amount

(in years)

Goodwill

$

19,728

$

45,903

$

(1,543)

$

(667)

$

63,421

Other intangible assets

Amortizable

Core deposit intangible

$

3,954

$

6,550

$

$

(2,969)

$

7,535

2.9

Total other intangible assets

$

3,954

$

6,550

$

$

(2,969)

$

7,535

December 31, 2020

Weighted

 

Gross

 

Accumulated

 

Net

Average

 

Carrying

 

Impairment

 

Accumulated

 

Carrying

Remaining Life

(Dollars in thousands)

   

Amount

   

Additions

Charges

   

Amortization

   

Amount

(in years)

Goodwill

$

19,728

$

$

(1,543)

$

(667)

$

17,518

Other intangible assets

Amortizable

Core deposit intangible

$

3,954

$

$

$

(2,235)

$

1,719

 

2.8

Total other intangible assets

$

3,954

$

$

$

(2,235)

$

1,719

The aggregate amortization expense was $734 thousand and $533 thousand for the years ended December 31, 2021 and 2020, respectively.

The following table presents estimated future remaining amortization for amortizing intangibles at December 31, 2021.

(Dollars in thousands)

Amortization
Expense

2022

$

1,988

2023

 

1,682

2024

 

1,376

2025

 

1,070

2026

 

765

Thereafter

654

Total amortizing intangible assets

$

7,535