GOODWILL AND OTHER INTANGIBLES

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLES

NOTE 6.           GOODWILL AND OTHER INTANGIBLES

The activity impacting goodwill in 2020 and 2019 is as follows:

(in thousands)	2020		2019
Balance at beginning of year	$	118,649	$	100,085
Acquisition		828		18,564
Balance at end of year	$	119,477	$	118,649

In the fourth quarter of 2020, the Company completed its annual goodwill impairment testing using balance sheet and market data as of September 30, 2020. The analysis was performed at the consolidated Bank level of the Company, which is considered the smallest reporting unit carrying goodwill. The step one analysis under the guidance of ASC 350 was passed, and therefore no goodwill impairment was recognized for the year ended December 31, 2020.  No impairment was recorded in 2019 and 2018.

The components of other intangible assets in 2020 and 2019 are as follows:

	2020
	Gross		Accumulated		Net Intangible
(in thousands)	Intangible Assets		Amortization		Assets
Core deposit intangible (non-maturity deposits)	$	9,305	$	(3,287)	$	6,018
Customer list and other intangibles		1,901		(249)		1,652
Total	$	11,206	$	(3,536)	$	7,670

	2019
	Gross		Accumulated		Net Intangible
(in thousands)	Intangible Assets		Amortization		Assets
Core deposit intangible (non-maturity deposits)	$	9,483	$	(2,635)	$	6,848
Customer list and other intangibles		2,065		(272)		1,793
Total	$	11,548	$	(2,907)	$	8,641

Other intangible assets are amortized on a straight-line basis over their estimated lives, which range from 5 years to 11 years. Amortization expenses related to intangibles totaled $1.0 million in 2020, $861 thousand in 2019 and $828 thousand in 2018.

The estimated aggregate future amortization expense for other intangible assets remaining at year end 2020 is as follows:

	Other Intangible
(in thousands)	Assets
2021	$	934
2022		932
2023		932
2024		932
2025		932
and thereafter		3,008
Total	$	7,670