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GOODWILL AND ACQUISITION INTANGIBLES
12 Months Ended
Dec. 31, 2011
GOODWILL AND ACQUISITION INTANGIBLES

NOTE 6 - GOODWILL AND ACQUISITION INTANGIBLES

 

Goodwill

Goodwill increased $134 in 2011 as a result of the United Kentucky Bank acquisition. There was no change in Goodwill in 2010. Further details of this transaction is included in Note 5.

 

Acquisition Intangibles

Acquisition intangibles were as follows as of year-end:

 

    2011     2010  
    Gross         Gross        
    Carrying     Accumulated     Carrying     Accumulated  
    Amount     Amortization     Amount     Amortization  
Amortized intangible assets:                                
Core deposit intangibles   $ 3,595     $ 1,583     $ 5,947     $ 4,034  
Trade name intangibles     165       137       165       95  
Noncompete agreement intangibles     320       266       320       184  
Other customer relationship intangibles     2,650       1,516       4,695       3,239  
                                 
Total   $ 6,730     $ 3,502     $ 11,127     $ 7,552  

 

Aggregate amortization expense was $858, $1,472 and $1,094, for 2011, 2010 and 2009, respectively.

 

Estimated amortization expense for each of the next five years:

 

2012   $ 766  
2013     615  
2014     487  
2015     403  
2016     332