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Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 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 June 30, 2023 and December 31, 2022.

June 30, 2023

Weighted

Gross

Accumulated

Net

Average

Carrying

Impairment

Accumulated

Carrying

Remaining Life

(Dollars in thousands)

   

Amount

   

Charges

   

Amortization

   

Amount

(in years)

Goodwill

$

65,476

$

(1,543)

$

(667)

$

63,266

Other intangible assets

Amortizable

Core deposit intangible

$

10,504

$

$

(5,833)

$

4,671

2.4

Total other intangible assets

$

10,504

$

$

(5,833)

$

4,671

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 $876 thousand for the six months ended June 30, 2023 and $1.0 million for the six months ended June 30, 2022.

At June 30, 2023, estimated future remaining amortization for amortizing intangibles within the years ending December 31, is as follows:

(Dollars in thousands)

Amortization
Expense

2023

$

806

2024

1,376

2025

 

1,070

2026

 

765

2027

 

459

Thereafter

195

Total amortizing intangible assets

$

4,671