Core Deposit Intangible

12 Months Ended

Dec. 31, 2011

Core Deposit Intangible

Core Deposit Intangible

Note 8: Core Deposit Intangible

The core deposit intangible is reviewed for impairment on an annual basis or more often if events or circumstances indicate that it may be impaired.  Management performed a detailed annual review of the core deposit intangible asset as of November 30, 2011.  In addition, management monitors the actual versus the projected amortization of core deposit balances monthly.  Based upon these reviews, management determined there was no impairment of the core deposit asset as of December 31, 2011.  No assurance can be given that future impairment tests will not result in a charge to earnings.

The following table presents the estimated future amortization expense for the core deposit intangible as of December 31, 2011 (in thousands):

	Amount
2012	$	780
2013	732
2014	679
2015	623
2016	562
Thereafter	1,302
Total	$	4,678