Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Other Intangible Assets [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 March 31, 2023 and December 31, 2022.

March 31, 2023
											Weighted
	Gross		Measurement		Accumulated				Net		Average
	Carrying		Period		Impairment		Accumulated		Carrying		Remaining Life
(Dollars in thousands)	Amount		Adjustments		Charges		Amortization		Amount		(in years)
Goodwill	$	63,933	$	—	$	—	$	(667)	$	63,266		—
Other intangible assets
Amortizable
Core deposit intangible	$	10,504	$	—	$	—	$	(5,398)	$	5,106		2.5
Total other intangible assets	$	10,504	$	—	$	—	$	(5,398)	$	5,106

December 31, 2022
											Weighted
	Gross		Measurement		Accumulated					Net	Average
	Carrying		Period		Impairment			Accumulated		Carrying	Remaining Life
(Dollars in thousands)	Amount		Adjustments		Charges			Amortization		Amount	(in years)
Goodwill	$	65,631	$	(155)	$	(1,543)	$	(667)	$	63,266	—
Other intangible assets
Amortizable
Core deposit intangible	$	10,504	$	—	$	—	$	(4,957)	$	5,547	2.6
Total other intangible assets	$	10,504	$	—	$	—	$	(4,957)	$	5,547

The aggregate amortization expense was $441 thousand for the three months ended March 31, 2023 and $517 thousand for the three months ended March 31, 2022.

At March 31, 2023, estimated future remaining amortization for amortizing intangibles within the years ending December 31, is as follows:

(Dollars in thousands)	Amortization Expense
2023	$	1,241
2024		1,376
2025		1,070
2026		765
2027		459
Thereafter		195
Total amortizing intangible assets	$	5,106