GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020 and there have been no changes in goodwill during those years. Based on the results of the Company’s assessment, management does not believe any impairment of goodwill or other intangible assets existed at December 30, 2021 or 2020.

Other intangibles as of the dates indicated below were as follows:

	Weighted-
	Average
	Remaining	Gross				Net
	Amortization	Intangible		Accumulated		Intangible
(Dollars in thousands)	Period	Assets		Amortization		Assets
December 31, 2021
Core deposits	2.4 years	$	13,750	$	(13,538)	$	212
Customer relationships	7.0 years		6,629		(3,535)		3,094
Servicing assets	11.5 years		624		(272)		352
Total other intangible assets, net		$	21,003	$	(17,345)	$	3,658
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

Servicing Assets

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

	December 31,
(Dollars in thousands)	2021		2020
Balance at beginning of year	$	190	$	189
Increase from loan sales		228		79
Decrease from serviced loans paid off or foreclosed		(3)		—
Amortization		(63)		(78)
Balance at end of period	$	352	$	190

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

(Dollars in thousands)	December 31, 2021
2022		584
2023		495
2024		459
2025		442
2026		442
Thereafter		884
Total	$	3,306