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GOODWILL AND CORE DEPOSIT INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill

The carrying basis of goodwill and core deposit intangibles as of and for the years ended December 31, 2022 and 2021, were as follows.

 

 

 

Goodwill

 

 

Core Deposit

 

Balance as of January 1, 2021

 

$

31,601

 

 

$

16,057

 

Acquired in acquisition

 

 

22,864

 

 

 

2,996

 

Amortization

 

 

 

 

 

(4,174

)

Balance as of December 31, 2021

 

 

54,465

 

 

 

14,879

 

Sold in acquisition

 

 

(1,364

)

 

 

(241

)

Amortization

 

 

 

 

 

(4,042

)

Balance as of December 31, 2022

 

$

53,101

 

 

$

10,596

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated core deposit intangibles amortization expense for each of the following five years and thereafter is listed in the following table.

 

Expensed in one year or less

 

$

3,410

 

Expensed after one year through two years

 

 

2,666

 

Expensed after two years through three years

 

 

1,946

 

Expensed after three years through four years

 

 

1,272

 

Expensed after four years through five years

 

 

750

 

Thereafter

 

 

552

 

Total

 

$

10,596