GOODWILL AND OTHER INTANGIBLES |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Goodwill [Abstract] | |
| GOODWILL |
Note 8
GOODWILL AND OTHER INTANGIBLES
At December 31, 2021 and 2020, the Company had goodwill of $
91.8
89.1
for impairment on an annual basis, or more often if impairment indicators exist.
goodwill impairment indicators.
compare the estimated fair value of the reporting unit to its carrying amount.
its estimated fair value, an impairment charge is recorded
On April 30, 2021, a newly formed subsidiary of CCBG, Capital City Strategic Wealth,
of the assets of Strategic Wealth
carrier agreements, and the assignment of all related revenues thereof.
principles became officers of CCSW and will continue the operation
management services and comprehensive risk management and asset protection
CCBG
paid $
4.5
2.8
10
year
1.6
0.1
estimated amortization expense for each of the ten succeeding fiscal years is $
0.2
On March 1, 2020, CCB completed its acquisition of a
51
% membership interest in Brand Mortgage Group, LLC (“Brand”),
which is now operated as Capital City Home Loans (“CCHL”).
Combination for additional information.
7.1
51
% membership interest and recorded
goodwill totaling $
4.3
During the fourth quarter of 2021, the Company performed its annual goodwill
no
goodwill impairment existed at December 31, 2021 and
no
will continue to evaluate goodwill for impairment as defined by ASC Topic
|