GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 8: GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill was $81.0 million at June 30, 2022 and December 31, 2021 and there were no changes in goodwill during the six months ended June 30, 2022 or the year ended December 31, 2021. Based on the results of the Company’s assessment, management does not believe any impairment of goodwill or other intangible assets existed at June 30, 2022 or December 31, 2021.

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
June 30, 2022
Core deposits	2.0 years	$	13,750	$	(13,620)	$	130
Customer relationships	6.5 years		6,629		(3,756)		2,873
Servicing assets	7.4 years		672		(322)		350
Total other intangible assets, net		$	21,051	$	(17,698)	$	3,353
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

Servicing Assets

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

	Six Months Ended June 30,
(Dollars in thousands)	2022		2021
Balance at beginning of year	$	352	$	190
Increase from loan sales		62		53
Decrease from serviced loans paid off or foreclosed		(14)		(1)
Amortization		(50)		(28)
Balance at end of period	$	350	$	214