Note 6 - Core Deposit Intangible Asset, Net

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE 6 – CORE DEPOSIT INTANGIBLE ASSET, NET

The gross carrying amount of core deposit intangible assets, included in other assets on our Consolidated Balance Sheets, totaled $17.5 million as of December 31, 2021 and December 31, 2020. As of December 31, 2021, the accumulated amortization on core deposit intangible assets was $16.1 million, providing for a net carry balance of $1.4 million. As of December 31, 2020, the accumulated amortization on core deposit intangible assets was $15.1 million, providing for a net carry balance of $2.4 million.

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

2022	$	768,000
2023		450,000
2024		133,000