goodwill was not impaired. The Company can make no assurances that future impairment tests will not result in goodwill  impairments. Intangible assets include core deposit intangibles and mortgage servicing rights. Core deposit intangible assets are  amortized over their estimated useful life of ten years on an accelerated basis. When facts and circumstances indicate  potential impairment, the Company will evaluate the recoverability of the intangible asset carrying value, using estimates of  undiscounted future cash flows over the asset’s remaining life. Any impairment loss is measured by the excess of carrying  value over fair value. Mortgage servicing assets are recognized as separate assets when rights are acquired through the sale  of financial assets, primarily one-to-four family real estate loans. Mortgage servicing rights are amortized into non-interest  expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are recorded at the lower of amortized cost or estimated fair value, and are evaluated for impairment based  upon the fair value of the retained rights as compared to amortized cost. The objective of accounting for income taxes is to recognize the taxes payable or refundable for the current year  and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in an entity’s  financial statements or tax returns. Judgment is required in assessing the future tax consequences of events that have been  recognized in financial statements or tax returns. The Company recognizes an income tax position only if it is more likely  than not that it will be sustained upon IRS examination, based upon its technical merits. Once that standard is met, the  amount recorded will be the largest amount of benefit that has a greater than 50 percent likelihood of being realized upon  ultimate settlement. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of  income tax expense in our consolidated statements of earnings. The Company assesses it deferred tax assets to determine if  the items are more likely than not to be realized and a valuation allowance is established for any amounts that are not more  likely than not to be realized. Changes in estimates regarding the actual outcome of these future tax consequences,  including the effects of IRS examinations and examinations by other state agencies, could materially impact our financial  position and results of operations.  48 