Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles (Tables)

v3.8.0.1
Goodwill and Intangibles (Tables)
3 Months Ended
Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangible Assets

Goodwill and other intangible assets, which consist of core deposit intangibles, are summarized as follows:

 

 

 

March 31,

2018

 

 

December 31,

2017

 

 

 

(Dollars in thousands)

 

Goodwill

 

$

4,485

 

 

$

4,485

 

Core deposit intangible

 

 

7,179

 

 

 

7,179

 

Total

 

 

11,664

 

 

 

11,664

 

Less: Accumulated amortization

 

 

(3,868

)

 

 

(3,693

)

Total, net

 

$

7,796

 

 

$

7,971

 

 

Schedule of Estimated Amortization Expense for Intangible Assets

The estimated amount of amortization expense for core deposit intangible assets to be recognized over the next five fiscal years is as follows:

 

Type of intangibles

 

Remainder of 2018

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

 

(Dollars in thousands)

 

Core deposit intangible

 

$

527

 

 

$

703

 

 

$

703

 

 

$

607

 

 

$

371

 

 

$

239