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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill The following table presents changes in the carrying amount of goodwill for the periods indicated:
(dollars in thousands)20232022
Beginning of the year$37,803 $36,784 
Adjustments to goodwill(1)
— 1,019 
End of year$37,803 $37,803 
(1)During the year ended December 31, 2022, the Bank finalized its allocation of purchase consideration to the net assets acquired from BSCA resulting in a $1.0 million increase to goodwill.
Summary of Changes in Core Deposit Intangibles The following table presents the changes in core deposit intangibles for the years ended December 31:
(dollars in thousands)20232022
Gross balance, beginning of year$4,185 $4,185 
Additions— — 
Gross balance, end of year$4,185 $4,185 
Accumulated amortization:
Balance, beginning of year$(2,601)$(2,163)
Amortization(389)(438)
Balance, end of period(2,990)(2,601)
Net core deposit intangible, end of year$1,195 $1,584 
Future Estimated Amortization Expense
Future estimated amortization expense for each of the next five years is as follows:
(dollars in thousands)Amount
2024$258 
2025237 
2026217 
2027205 
2028134 
Thereafter144 
$1,195