Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2021

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 2021, 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, 2021.

The following table presents our goodwill activity by reporting unit for 2021.

Dollars in thousands	Goodwill Activity
Balance, January 1, 2021	$	45,495
Reclassifications to goodwill	(479)
Acquired goodwill, net	10,331
Balance, December 31, 2021	$	55,347

In addition, at December 31, 2021 and December 31, 2020, we had $8.24 million and $9.63 million in unamortized identified intangible assets comprised of core deposit intangibles.

	Other Intangible Assets
Dollars in thousands	December 31, 2021		December 31, 2020
Identified intangible assets
Gross carrying amount	$	15,828	$	15,650
Less: accumulated amortization	7,585		6,022
Net carrying amount	$	8,243	$	9,628

Amortization relative to our identified intangible assets is as follows:

	Core Deposit		Customer
Dollars in thousands	Intangible		Intangible
Actual:
2019	$	1,634	$	67
2020	1,659		—
2021	1,563		—
Expected:
2022	1,440		—
2023	1,299		—
2024	1,158		—
2025	1,019		—
2026	878		—
Thereafter	2,379		—