Note 9 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note

9.

Goodwill and Intangible Assets

The change in goodwill during the years ended

December 31, 2019

and

2018

is as follows:

(dollars in thousands)	2019		2018
Beginning of year	$	3,198	$	-
Acquired goodwill as result of Great State merger		-		3,198
Measurement period adjustment		59		-
Impairment		-		-
End of the period	$	3,257	$	3,198

Intangible Assets

The following table presents the activity for the Company’s core deposit intangible assets, which are the only identifiable intangible assets subject to amortization. Core deposit intangibles at

December 31, 2019

and

2018

are as follows:

(dollars in thousands)	2019			2018
Balance at beginning of year, net	$	3,892		$	2,045
Core deposit intangible as result of Great State merger		-			2,425
Amortization expense		(822	)		(578	)
Net book value	$	3,070		$	3,892