Note 10 - Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Intangible Asset and Goodwill [Text Block]

10.

Goodwill and Intangible Assets

Goodwill

Goodwill as of June 30, 2026 and December 31, 2025 was $6.5 million. The Company’s goodwill is allocated to the Title Insurance Segment. See Note 7, Segment Information for allocation of goodwill and intangible assets to the Company’s segments.

Intangible Assets

Intangible assets subject to amortization consisted of the following as of June 30, 2026 (dollars in thousands):

		*Weighted-average*
		*remaining*
		*amortization period*				*Gross carrying*				*Accumulated*				*Net carrying*
		*(in years)*				*amount*				*amortization*				*amount*
Noncompetition agreement			1.0			$	372			$	(291	)		$	81
Total						$	372			$	(291	)		$	81

Intangible assets subject to amortization consisted of the following as of December 31, 2025 (dollars in thousands):

		*Weighted-average*
		*remaining*
		*amortization period*				*Gross carrying*				*Accumulated*				*Net carrying*
		*(in years)*				*amount*				*amortization*				*amount*
Noncompetition agreement			1.6			$	372			$	(254	)		$	118
Total						$	372			$	(254	)		$	118

No impairment in the value of intangible assets was recognized during the three or six months ended June 30, 2026 and 2025.

Amortization expense of the intangible assets for the three and six-month periods ended June 30, 2026 was $18,000 and $37,000, respectively. For the three and six months ended June 30, 2025, amortization expense was $18,000 and $37,000, respectively.

Estimated amortization expense of the intangible assets to be recognized by the Company during the remainder of 2026 and over the following years is as follows (in thousands):

		*Estimated Amortization*
Year ending December 31,		*Expense*
Remaining in 2026		$	37
2027			44
Total		$	81