Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and certain other intangible assets with indefinite useful lives are not amortized into net income over an estimated life, but rather are tested at least annually for impairment.  Intangible assets determined to have definite useful lives are amortized over their estimated useful lives and also are subject to impairment testing.

In accordance with ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, during third quarter 2019, we performed the qualitative assessment of goodwill and determined that the fair value was more likely than not greater than its carrying value.  In performing the qualitative assessment, we considered certain events and circumstances such as macroeconomic conditions, industry and market considerations, overall financial performance and cost factors when evaluating whether it is more likely than not that the fair value is less than the carrying value.  No indicators of impairment were noted as of September 30, 2019.

The following table presents our goodwill activity by reporting unit for 2019.

	Goodwill Activity
Dollars in thousands	Community Banking		Insurance Services			Total
Balance, January 1, 2019	$	10,562	$	4,710		$	15,272
Reclassifications to goodwill	—		—			—
Acquired goodwill, net	2,096		—			2,096
Goodwill reduction in conjunction with sale of Summit Insurance Services, LLC	—		(4,710		)	(4,710		)
Balance, December 31, 2019	$	12,658	$	—		$	12,658

In addition, at December 31, 2019 and December 31, 2018, we had $10.36 million and $10.57 million in unamortized identified intangible assets comprised of $10.30 million core deposit intangible at December 31, 2019 and $9.80 million core deposit intangible and $700,000 customer intangible at December 31, 2018.

	Other Intangible Assets
	December 31, 2019						December 31, 2018
Dollars in thousands	Community Banking		Insurance Services		Total		Community Banking		Insurances Services		Total
Identified intangible assets
Gross carrying amount	$	14,727	$	—	$	14,727	$	12,598	$	3,000	$	15,598
Less: accumulated amortization	4,363		—		4,363		2,728		2,300		5,028
Net carrying amount	$	10,364	$	—	$	10,364	$	9,870	$	700	$	10,570

Amortization relative to our identified intangible assets is as follows:

	Core Deposit		Customer
Dollars in thousands	Intangible		Intangible
Actual:
2017	$	1,210	$	200
2018	1,471		200
2019	1,634		67
Expected:
2020	1,513		—
2021	1,393		—
2022	1,273		—
2023	1,152		—
2024	1,032		—
Thereafter	3,930		—