Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Other Intangible Assets [Abstract]

Note 6 – Goodwill and Other Intangible Assets

The following table provides the gross carrying value and accumulated amortization of intangible assets as of June 30, 2025 and December 31, 2024 (in thousands):

	June 30, 2025							December 31, 2024
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,482	$	(1,829	)	$	653	$	2,478	$	(1,717	)	$	761
Core deposit intangibles		4,713		(2,836	)		1,877		4,713		(2,582	)		2,131
Total amortized intangible assets	$	7,195	$	(4,665	)	$	2,530	$	7,191	$	(4,299	)	$	2,892
Unamortized intangible assets:
Goodwill	$	85,758						$	85,758

(1) Excludes fully amortized intangible assets

The following table provides the current year and estimated future amortization expense for amortized intangible assets for the next five years (in thousands). The Company based its projections of amortization expense shown below on existing asset balances at June 30, 2025. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Three months ended June 30, 2025 (actual)	$	64	$	127	$	191
Six months ended June 30, 2025 (actual)		134		254		388
Three months ended June 30, 2024 (actual)		74		147		221
Six months ended June 30, 2024 (actual)		154		296		450
Estimate for year ending December 31,
Remaining 2025		119		225		344
2026		198		395		593
2027		143		339		482
2028		96		284		380
2029		59		230		289
Thereafter		38		404		442
Total	$	653	$	1,877	$	2,530