Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021.

Acquired intangible assets, other than goodwill, as of March 31, 2022 and December 31, 2021 were as follows:

	2022						2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Core deposit intangibles	$	8,527	$	3,805	$	4,722	$	8,527	$	3,588	$	4,939
Total amortized intangible assets	$	8,527	$	3,805	$	4,722	$	8,527	$	3,588	$	4,939

Aggregate core deposit intangible amortization expense was $217 and $223 for the three months ended March 31, 2022 and 2021, respectively.

Activity for mortgage servicing rights (MSRs) and the related valuation allowance for the three-month periods ended March 31, 2022 and March 31, 2021 were as follows:

	Three Months Ended March 31,
	2022			2021
Loan Servicing Rights:
Balance at Beginning of Period	$	2,642		$	2,246
Additions		145			194
Disposals		—			—
Amortized to expense		(109	)		(144	)
Other charges		—			—
Change in valuation allowance		—			72
Balance at End of Period	$	2,678		$	2,224


Valuation allowance:
Balance at Beginning of Period	$	—		$	204
Additions expensed		—			72
Reductions credited to operations		—			—
Direct write-offs		—			—
Balance at End of Period	$	—		$	276

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

	MSRs		Core deposit intangibles		Total
2022	$	105	$	651	$	756
2023		139		841		980
2024		138		804		942
2025		138		708		846
2026		137		670		807
Thereafter		2,021		1,048		3,069
	$	2,678	$	4,722	$	7,400