7.	GOODWILL AND OTHER INTANGIBLE ASSETS

The Company recorded

$7.6

million of goodwill as a result of its acquisition of TPB in

2018.

Goodwill impairment was neither indicated nor recorded during the

three

months ended

September 30, 2018.

Goodwill is tested annually, or more often if circumstances warrant, for impairment. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated, and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are

not

recognized in the consolidated financial statements. Goodwill totaled

$7.6

million as of

September 30, 2018.

Core deposit premiums are amortized over a

seven

-year period and are periodically evaluated, at least annually, as to the recoverability of their carrying value. Core deposit premiums of

$2.0

were recorded during the

third

quarter of

2018

as part of the TPB acquisition.

The Company’s goodwill and other intangibles (carrying basis and accumulated amortization) as of

September 30, 2018

were as follows:

	September 30, 2018
	(Dollars in Thousands)
Goodwill	$	7,552
Core deposit intangible:
Gross carrying amount		2,048
Accumulated amortization		(43	)
Core deposit intangible, net		2,005
Total	$	9,557

The Company’s estimated remaining amortization expense on intangibles as of

September 30, 2018

is as follows:

	Amortization Expense
	(Dollars in Thousands)
Remainder of 2018	$	128
2019		488
2020		414
2021		341
2022		268
2023		195
2024		122
2025		49
Total	$	2,005