Core Deposit Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Core Deposit Intangible Assets

NOTE 6 – CORE DEPOSIT INTANGIBLE ASSETS

Core Deposit Intangible

No additional core deposit intangible was recorded in 2021, 2020, or 2019. The core deposit intangible asset will be amortized over an estimated life of ten years. Amortization expense related to the core deposit intangible asset totaled $44 thousand, $60 thousand, and $63 thousand in 2021, 2020, and 2019, respectively. The following table shows the core deposit intangible and the related accumulated amortization as of December 31:

(Dollars in thousands)	2021			2020			2019
Gross carrying amount	$	1,251		$	1,251		$	1,251
Accumulated amortization		(1,251	)		(1,207	)		(1,147	)
Net carrying amount	$	—		$	44		$	104