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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets

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

 

 

 

2020

 

 

2019

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Core deposit intangible assets(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

 

14,792

 

 

 

8,963

 

 

 

5,829

 

 

 

14,792

 

 

 

8,049

 

 

 

6,743

 

Total core deposit intangible assets

 

$

14,792

 

 

$

8,963

 

 

$

5,829

 

 

$

14,792

 

 

$

8,049

 

 

$

6,743

 

 

(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:

 

 

 

2020

 

 

2019

 

Mortgage Servicing Rights:

 

 

 

 

 

 

 

 

Beginning of year

 

$

1,562

 

 

$

1,664

 

Additions

 

 

1,310

 

 

 

247

 

Disposals

 

 

 

 

 

 

Amortized to expense

 

 

524

 

 

 

247

 

Other Charges

 

 

 

 

 

 

Change in valuation allowance

 

 

102

 

 

 

102

 

End of year

 

$

2,246

 

 

$

1,562

 

 

 

 

 

 

 

 

 

 

Valuation allowance:

 

 

 

 

 

 

 

 

Beginning of year

 

$

102

 

 

$

 

Additions expensed

 

 

162

 

 

 

102

 

Reductions credited to operations

 

 

( 60

)

 

 

 

Direct write-offs

 

 

 

 

 

 

End of year

 

$

204

 

 

$

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

 

2021

 

$

126

 

 

$

891

 

 

$

1,017

 

2022

 

 

126

 

 

 

868

 

 

 

994

 

2023

 

 

125

 

 

 

841

 

 

 

966

 

2024

 

 

124

 

 

 

804

 

 

 

928

 

2025

 

 

124

 

 

 

708

 

 

 

832

 

Thereafter

 

 

1,621

 

 

 

1,717

 

 

 

3,338

 

 

 

$

2,246

 

 

$

5,829

 

 

$

8,075