Core Deposit and Other Intangibles

12 Months Ended

Dec. 31, 2018

Core Deposit and Other Intangibles [Abstract]

Core Deposit and Other Intangibles

Note 9: Core Deposit and Other Intangibles

Core deposit intangibles and other intangibles are recorded on the acquisition date of an entity. The Universal acquisition resulted in a core deposit intangible of $4.5 million. Details regarding the acquisition are discussed in Note 2 of these Notes to Consolidated Financial Statements.

The carrying basis of recognized intangible assets at December 31, 2018 and 2017, were:

	2018		2017
Core deposits	$	3,569	$	71
Other intangibles		-		56
	$	3,569	$	127

Amortization expense for the years ended December 31, 2018, 2017 and 2016, was $1.1 million, $264,000 and $420,000, respectively. Estimated amortization expense for the remaining life is:

2019	$	780
2020		640
2021		518
2022		406
2023		312
Thereafter		913
	$	3,569