Business Combination & Asset Purchase

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Business Combination & Asset Purchase

Note 2 – Business Combination & Asset Purchase

The Company recognized core deposit intangible assets of $1.17 million with the purchase of the Custar office on December 13, 2013.  This is being amortized over an estimated remaining economic useful life of the deposits of 7 years on a straight line basis. The core deposit intangible is included in other assets on the consolidated balance sheets.

The amortization expense for the years ended December 31, 2018, 2017 and 2016 was $167, $245, and $323 thousand, respectively.  

Amortization expense of the core deposit intangible assets remaining is as follows:  

	Custar
2019	$	167
2020		161
Total	$	328