GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2020

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 8: GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill was $81.0 million at December 31, 2020 and 2019 and there have been no changes in goodwill during those years. During the year ended December 31, 2020, the Company evaluated potential triggering events, including the economic disruption and uncertainties related to the COVID-19 pandemic and the sustained instability in the oil and gas industry, that could be indicators of impairment. Based on the results of these assessments, management does not believe any impairment of goodwill or other intangible assets existed at December 31, 2020 or 2019.

Other intangibles, net of accumulated amortization, were as follows as of the dates shown below:

	Weighted-
	Average
	Remaining	Gross				Net
	Amortization	Intangible		Accumulated		Intangible
(Dollars in thousands)	Period	Assets		Amortization		Assets
December 31, 2020
Core deposits	3.2 years	$	13,750	$	(13,305)	$	445
Customer relationships	8.0 years		6,629		(3,093)		3,536
Servicing assets	10.4 years		399		(209)		190
Total other intangible assets, net		$	20,778	$	(16,607)	$	4,171
December 31, 2019
Core deposits	4.2 years	$	13,750	$	(12,979)	$	771
Customer relationships	9.0 years		6,629		(2,651)		3,978
Servicing assets	12.8 years		368		(179)		189
Total other intangible assets, net		$	20,747	$	(15,809)	$	4,938

Servicing Assets

Changes in servicing assets as of the dates shown below were as follows:

	Years Ended December 31,
(Dollars in thousands)	2020		2019
Balance at beginning of year	$	189	$	166
Increase from loan sales		79		87
Decrease from serviced loans paid off or foreclosed		—		(30)
Amortization		(78)		(34)
Balance at end of period	$	190	$	189

Estimated future amortization for core deposits and customer relationship intangible assets was as follows for the date shown below:

(Dollars in thousands)	December 31, 2020
2021	$	675
2022		584
2023		495
2024		459
2025		442
Thereafter		1,326
Total	$	3,981