Goodwill and Other Intangibles
|3 Months Ended|
Mar. 31, 2021
|Goodwill And Intangible Assets Disclosure [Abstract]|
|Goodwill and Other Intangibles||
Note 6 — Goodwill and other Intangibles
The third-party originators intangible of $483,000 and goodwill of $11.0 million were recorded as a result of the acquisition of a leasing portfolio in 2016. The core deposit intangible of $2.2 million was recognized for the core deposits acquired in a 2014 acquisition. The Company’s intangible assets were as follows for the periods indicated:
Intangible assets amortization expense for the three-month periods ended March 31, 2021 and 2020 was $54,000 and $65,000, respectively. The Company performed an impairment analysis on its goodwill and other intangible assets as of December 31, 2020 and determined there was no impairment. No triggering event has occurred subsequent to December 31, 2020 that would require a reassessment of goodwill and other intangible assets.
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef