Note 7 - Core Deposit Intangible Assets, Net

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

7

– CORE DEPOSIT INTANGIBLE ASSET, NET

The gross carrying amount of core deposit intangible assets totaled

$17.5

million as of

December 31, 2019

and

December 31, 2018.

As of

December 31, 2019,

the accumulated amortization on core deposit intangible assets was

$13.7

million, providing for a net carry balance of

$3.8

million. As of

December 31, 2018,

the accumulated amortization on core deposit intangible assets was

$11.9

million, providing for a net carry balance of

$5.6

million.

The scheduled amortization expense on core deposit intangible assets in future periods is:

2020	$	1,403,000
2021		1,086,000
2022		768,000
2023		450,000
2024		133,000