Note 5. Other Intangible Assets

Goodwill:

FASB ASC No. 2021-03, “Goodwill and Other (Topic 350),” regarding testing goodwill for impairment, provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company performs its annual goodwill impairment test as of December 31 of each year. As of the latest impairment analysis at December 31, 2025, management determined there was no goodwill impairment. The carrying amount of goodwill on March 31, 2026 and December 31, 2025 was approximately $8.51 million, respectively.

Core Deposit Intangibles (CDI):

The carrying basis and accumulated amortization of CDIs on March 31, 2026 and December 31, 2025 were:

The change in CDIs during the three months ended March 31, 2026 and the year ended December 31, 2025 is as follows:

As of March 31, 2026, the estimated amortization expense of CDIs for future periods is as follows: