v3.26.1
Note 17 - Goodwill and Other Intangibles
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

Note 17: Goodwill and Other Intangibles

The following table presents information on goodwill and core deposit intangible assets during the year ended December 31, 2025.

 

 

Beginning Balance

 

 

Additions

 

 

Measurement Period Adjustment

 

 

Accumulated Amortization

 

 

Ending Balance

 

Goodwill

 

$

10,718

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

10,718

 

Core deposit intangible

 

$

1,863

 

 

$

-

 

 

$

-

 

 

$

(373

)

 

$

1,490

 

The Company conducts an impairment review of goodwill and core deposit intangibles at least annually and more frequently if certain impairment indicators are evident. Testing for 2025 and 2024 did not indicate impairment.

Core deposit intangible amortization expense for the years ended December 31, 2025 and 2024 was $373 and $237, respectively. Estimated future amortization of the core deposit intangible is as follows:

 

 

Amortization Expense

 

2026

 

$

331

 

2027

 

 

290

 

2028

 

 

248

 

2029

 

 

207

 

2030

 

 

165

 

Thereafter

 

 

249

 

Total amortizing core deposit intangible

 

$

1,490