GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

15. GOODWILL AND INTANGIBLE ASSETS

Goodwill:

The change in goodwill during the periods presented is as follows:

	September 30, 2019		December 31, 2018
	(In thousands)
Beginning of the year	$	20,221	$	20,221
Impairment	—		—
End of the year	$	20,221	$	20,221

Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value.  If the carrying amount of a reporting unit is zero or less than zero, a qualitative analysis of whether it is more likely than not that the reporting unit goodwill is impaired will be performed.  The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment.  The Company did not have any reporting units with a carrying amount of zero or less than zero at September 30, 2019 or December 31, 2018.

Acquired Intangible Assets:

	September 30, 2019				December 31, 2018
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
	(In thousands)
Amortized intangible assets:
Core deposit intangibles	$	11,184	$	9,827	$	11,184	$	9,581
Customer list intangible		2,547		469		2,547		333
Total	$	13,731	$	10,296	$	13,731	$	9,914

Aggregate amortization expense for the three months ended September 30, 2019 and 2018 was $127,000 and $128,000, respectively. Aggregate amortization expense for the nine months ended September 30, 2019 and 2018 was $382,000 and $373,000, respectively.

Estimated amortization expense for the remainder of 2019 and the next five years is as follows:

Remainder of 2019	$	127,000
2020		510,000
2021		510,000
2022		510,000
2023		510,000
2024		510,000