Goodwill totaled $7.4 million as of both June 30, 2026 and December 31, 2025. Goodwill is tested for impairment annually, or more often if circumstances warrant. If, as a result of impairment testing, it is determined that the fair value of goodwill is lower than its carrying amount, goodwill must be written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the consolidated financial statements. Goodwill impairment was neither indicated nor recorded during the six months ended June 30, 2026 or the year ended December 31, 2025.

The Company had no other intangible assets as of June 30, 2026 or December 31, 2025. During 2025, the Company completed the amortization of previously recognized core deposit premiums. Core deposit premiums were amortized over a seven-year period and were periodically evaluated, at least annually, as to the recoverability of their carrying value. No write-downs of core deposit premiums were recorded by the Company during the year ended December 31, 2025.