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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill

A summary of the other intangible assets that continue to be subject to amortization is as follows:

 

(Dollars in thousands)   As of December 31, 2019  
      Gross carrying amount       Accumulated amortization       Net carrying amount  
Core deposit intangible assets   $ 2,018     $ (1,707 )   $ 311  
Lease intangible asset     350       (278 )     72  
Mortgage servicing rights     6,910       (4,464 )     2,446  
Total other intangible assets   $ 9,278     $ (6,449 )   $ 2,829  

 

    As of December 31, 2018  
      Gross carrying amount       Accumulated amortization       Net carrying amount  
Core deposit intangible assets   $ 2,067     $ (1,588 )   $ 479  
Lease intangible asset     350       (233 )     117  
Mortgage servicing rights     6,545       (4,050 )     2,495  
Total other intangible assets   $ 8,962     $ (5,871 )   $ 3,091  

Schedule of Finite-lived Intangible Assets, Future Amortization Expense

The following sets forth estimated amortization expense for core deposit and lease intangible assets for the years ending December 31:

 

(Dollars in thousands)   Amortization  
    expense  
2020     178  
2021     121  
2022     58  
2023     26  
Total   $ 383  

Schedule of Participating Mortgage Loans

Mortgage loans serviced for others are not reported as assets. The following table provides information on the principal balances of mortgage loans serviced for others:

 

(Dollars in thousands)   As of December 31,  
    2019     2018  
FHLMC   $ 509,101     $ 521,489  
FHLB     40,462       10,603  

Schedule of Servicing Asset at Amortized Cost

Activity for mortgage servicing rights and the related valuation allowance follows:

 

(Dollars in thousands)   As of December 31,  
    2019     2018  
Mortgage servicing rights:                
Balance at beginning of year   $ 2,495     $ 2,811  
Additions     943       543  
Amortization     (992 )     (859 )
Balance at end of year   $ 2,446     $ 2,495