GOODWILL AND OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2021

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

8. GOODWILL AND OTHER INTANGIBLE ASSETS

Information related to core deposit intangibles is as follows:

(In Thousands)	June 30,		December 31,
	2021		2020
Gross amount	$	6,639	$	6,639
Accumulated amortization		(3,056)		(2,788)
Net	$	3,583	$	3,851

Amortization expense related to core deposit intangibles is included in other noninterest expense in the consolidated statements of income, as follows:

(In Thousands)	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2021		2020		2021		2020
Amortization expense	$	134	$	62	$	268	$	124

Goodwill represents the excess of the cost of acquisitions over the fair value of the net assets acquired. At June 30, 2021 and December 31, 2020, the net carrying value of goodwill was $52,505,000. There were no changes in the carrying value of goodwill in the three-month or six-month periods ended June 30, 2021 and 2020.