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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets, Other than Goodwill

Acquired intangible assets, other than goodwill, as of March 31, 2021 and December 31, 2020 were as follows:

 

 

 

2021

 

 

2020

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Amortized intangible assets(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

8,527

 

 

$

2,920

 

 

$

5,607

 

 

$

8,527

 

 

$

2,698

 

 

$

5,829

 

Total amortized intangible assets

 

$

8,527

 

 

$

2,920

 

 

$

5,607

 

 

$

8,527

 

 

$

2,698

 

 

$

5,829

 

 

(1)

Excludes fully amortized intangible assets.  Certain fully amortized assets were removed from the 2020 presentation.

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, 2021 and March 31, 2020 were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Loan Servicing Rights:

 

 

 

 

 

 

 

 

Balance at Beginning of Period

 

$

2,246

 

 

$

1,562

 

Additions

 

 

194

 

 

 

106

 

Disposals

 

 

 

 

 

 

Amortized to expense

 

 

144

 

 

 

71

 

Other charges

 

 

 

 

 

 

Change in valuation allowance

 

 

72

 

 

 

41

 

Balance at End of Period

 

$

2,224

 

 

$

1,556

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation allowance:

 

 

 

 

 

 

 

 

Balance at Beginning of Period

 

$

204

 

 

$

102

 

Additions expensed

 

 

72

 

 

 

41

 

Reductions credited to operations

 

 

 

 

 

 

Direct write-offs

 

 

 

 

 

 

Balance at End of Period

 

$

276

 

 

$

143

 

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

 

$

97

 

 

$

668

 

 

$

765

 

2022

 

 

129

 

 

 

868

 

 

 

997

 

2023

 

 

128

 

 

 

841

 

 

 

969

 

2024

 

 

127

 

 

 

804

 

 

 

931

 

2025

 

 

127

 

 

 

708

 

 

 

835

 

Thereafter

 

 

1,616

 

 

 

1,718

 

 

 

3,334

 

 

 

$

2,224

 

 

$

5,607

 

 

$

7,831