Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

(7) Goodwill and Intangible Assets

There was no change in the carrying amount of goodwill of $76,851 for the periods ended June 30, 2020 and December 31, 2019.

Acquired intangible assets, other than goodwill, as of June 30, 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	$	8,508	$	6,284	$	14,792	$	8,049	$	6,743
Total amortized intangible assets	$	14,792	$	8,508	$	6,284	$	14,792	$	8,049	$	6,743

(1)	Excludes fully amortized intangible assets

Aggregate core deposit intangible amortization expense was $228, $235, $459 and $475 for the three and six months ended June 30, 2020 and 2019, respectively.

Activity for mortgage servicing rights (MSRs) and the related valuation allowance as of June 30, 2020 and December 31, 2019 were as follows:

	2020			2019
Loan Servicing Rights:
Beginning of year	$	1,562		$	1,664
Additions		543			247
Disposals		—			—
Amortized to expense		(226	)		(247	)
Other charges		—			—
Change in valuation allowance		(162	)		(102	)
End of year	$	1,717		$	1,562


Valuation allowance:
Beginning of year	$	102		$	—
Additions expensed		162			102
Reductions credited to operations		—			—
Direct write-offs		—			—
End of year	$	264		$	102

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

	MSRs		Core deposit intangibles		Total
2020	$	52	$	455	$	507
2021		104		891		995
2022		104		868		972
2023		103		841		944
2024		102		804		906
Thereafter		1,252		2,425		3,677
	$	1,717	$	6,284	$	8,001