XML 60 R45.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets

Acquired intangible assets were as follows as of year-end.

 

 

 

2023

 

 

2022

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Core deposit intangible assets(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

 

12,668

 

 

 

6,178

 

 

 

6,490

 

 

 

12,953

 

 

 

4,883

 

 

 

8,070

 

Total core deposit intangible assets

 

$

12,668

 

 

$

6,178

 

 

$

6,490

 

 

$

12,953

 

 

$

4,883

 

 

$

8,070

 

 

(1)
Excludes fully amortized core deposit intangible assets
Schedule of Mortgage Servicing Rights (MSRs) and Related Valuation Allowance

Activity for mortgage servicing rights (MSRs) and the related valuation allowance follows:

 

 

 

2023

 

 

2022

 

Mortgage Servicing Rights:

 

 

 

 

 

 

Beginning of year

 

$

2,689

 

 

$

2,642

 

Additions

 

 

659

 

 

 

397

 

Disposals

 

 

 

 

 

 

Amortized to expense

 

 

330

 

 

 

350

 

Other Charges

 

 

 

 

 

 

Change in valuation allowance

 

 

 

 

 

 

End of year

 

$

3,018

 

 

$

2,689

 

 

 

 

 

 

 

 

Valuation allowance:

 

 

 

 

 

 

Beginning of year

 

$

 

 

$

 

Additions expensed

 

 

 

 

 

 

Reductions credited to operations

 

 

 

 

 

 

Direct write-offs

 

 

 

 

 

 

End of year

 

$

 

 

$

 

Schedule of Estimated Amortization Expense

As of December 31, 2022, the estimated future amortization expense for the core deposit intangible is as follows:

 

 

 

Core deposit intangibles

 

2023

 

$

739

 

2024

 

 

684

 

2025

 

 

604

 

2026

 

 

523

 

2027

 

 

443

 

Thereafter

 

 

1,006

 

 

 

$

3,999

 

Estimated amortization expense for each of the next five years and thereafter is as follows:

 

 

 

MSRs

 

 

Core deposit
intangibles

 

 

Total

 

2024

 

$

170

 

 

$

1,489

 

 

$

1,659

 

2025

 

 

169

 

 

 

1,311

 

 

 

1,480

 

2026

 

 

167

 

 

 

1,193

 

 

 

1,360

 

2027

 

 

163

 

 

 

1,071

 

 

 

1,234

 

2028

 

 

155

 

 

 

782

 

 

 

937

 

Thereafter

 

 

2,194

 

 

 

644

 

 

 

2,838

 

 

 

$

3,018

 

 

$

6,490

 

 

$

9,508