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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets, Other than Goodwill

Acquired intangible assets, other than goodwill, as of March 31, 2020 and December 31, 2019 were as follows:

 

 

 

2020

 

 

2019

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Amortized intangible assets(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

14,792

 

 

$

8,280

 

 

$

6,512

 

 

$

14,792

 

 

$

8,049

 

 

$

6,743

 

Total amortized intangible assets

 

$

14,792

 

 

$

8,280

 

 

$

6,512

 

 

$

14,792

 

 

$

8,049

 

 

$

6,743

 

 

(1)

Excludes fully amortized intangible assets

Schedule of Mortgage Servicing Rights (MSRs) and Related Valuation Allowance

Activity for mortgage servicing rights (MSRs) and the related valuation allowance as of March 31, 2020 and December 31, 2019 were as follows:

 

 

 

2020

 

 

2019

 

Loan Servicing Rights:

 

 

 

 

 

 

 

 

Beginning of year

 

$

1,562

 

 

$

1,664

 

Additions

 

 

106

 

 

 

247

 

Disposals

 

 

 

 

 

 

Amortized to expense

 

 

71

 

 

 

247

 

Other charges

 

 

 

 

 

 

Change in valuation allowance

 

 

41

 

 

 

102

 

End of year

 

$

1,556

 

 

$

1,562

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation allowance:

 

 

 

 

 

 

 

 

Beginning of year

 

$

102

 

 

$

 

Additions expensed

 

 

41

 

 

 

102

 

Reductions credited to operations

 

 

 

 

 

 

Direct write-offs

 

 

 

 

 

 

End of year

 

$

143

 

 

$

102

 

Schedule of Estimated Amortization Expense

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

 

 

 

MSRs

 

 

Core deposit

intangibles

 

 

Total

 

2020

 

$

68

 

 

$

681

 

 

$

749

 

2021

 

 

91

 

 

 

891

 

 

 

982

 

2022

 

 

90

 

 

 

868

 

 

 

958

 

2023

 

 

89

 

 

 

841

 

 

 

930

 

2024

 

 

89

 

 

 

804

 

 

 

893

 

Thereafter

 

 

1,129

 

 

 

2,427

 

 

 

3,556

 

 

 

$

1,556

 

 

$

6,512

 

 

$

8,068