v3.26.1
Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangible Assets

Note 4 - Goodwill And Other Intangible Assets

Goodwill and other intangible assets are presented in the tables below.

 

(dollars in thousands)

 

As of March 31, 2026

 

 

As of December 31, 2025

 

 

 

 

 

 

 

Goodwill

 

$

14,420

 

 

$

14,420

 

 

 

 

March 31, 2026

 

 

December 31, 2025

 

(dollars in thousands)

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangible

 

$

1,868

 

 

$

1,262

 

 

$

606

 

 

$

1,868

 

 

$

1,217

 

 

$

651

 

 

As of March 31, 2026 future estimated annual amortization expense is as follows:

 

Year ending

 

(dollars in thousands)

 

 

 

 

 

2026

 

$

135

 

2027

 

 

180

 

2028

 

 

180

 

2029

 

 

72

 

2030

 

 

30

 

Thereafter

 

 

9

 

Total Estimated Amortization Expense

 

$

606

 

 

Management performed its annual analysis of goodwill and core deposit intangibles during the third quarter of 2025 and concluded that there was no impairment at September 30, 2025. At March 31, 2026, management's analysis concluded that there were no changes in the Company's financial statements or operations subsequent to the annual analysis that would indicate that it was more likely than not that goodwill or core deposit intangible was impaired.