Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangibles (Tables)

v3.20.1
Goodwill and Other Intangibles (Tables)
 3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill and Other Intangible Assets The Company’s intangible assets were as follows for the periods indicated:

 

 

 

 

 

March 31, 2020

 

 

December 31, 2019

 

 

 

Amortization

Period

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

 

 

 

(in thousands)

 

Core deposit intangible

 

10 years

 

$

2,213

 

 

$

(1,612

)

 

$

601

 

 

$

2,213

 

 

$

(1,567

)

 

$

646

 

Third-party originators intangible

 

7 years

 

 

483

 

 

 

(307

)

 

 

176

 

 

 

483

 

 

 

(287

)

 

 

196

 

Goodwill

 

N/A

 

 

11,031

 

 

 

—

 

 

 

11,031

 

 

 

11,031

 

 

 

—

 

 

 

11,031

 

Total intangible assets

 

 

 

$

13,727

 

 

$

(1,919

)

 

$

11,808

 

 

$

13,727

 

 

$

(1,854

)

 

$

11,873