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MORTGAGE SERVICING RIGHTS (Tables)
 6 Months Ended
Jun. 30, 2021
OTHER INTANGIBLE ASSETS  
Schedule of gross carrying value and accumulated amortization related to intangible assets
The following table presents changes in mortgage servicing rights for the periods presented:
(dollars in thousands)Mortgage
Servicing
Rights
Balance, January 1, 2021$11,865 
Additions717 
Amortization(2,082)
Balance, June 30, 2021$10,500 
Balance, January 1, 2020$14,718 
Additions1,270 
Amortization(3,217)
Balance, June 30, 2020$12,771 
The gross carrying value and accumulated amortization related to our mortgage servicing rights are presented below:
 June 30, 2021December 31, 2020
(dollars in thousands)Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value		Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value
Mortgage servicing rights$71,626 $(61,126)$10,500 $70,909 $(59,044)$11,865 
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights
The following tables present the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights:
Six Months EndedSix Months Ended
(dollars in thousands)June 30, 2021June 30, 2020
Fair market value, beginning of period$12,003 $15,820 
Fair market value, end of period10,755 13,060 
Weighted average discount rate9.6 %9.6 %
Weighted average prepayment speed assumption18.0 %21.7 %
Schedule of estimated amortization expense
Based on the mortgage servicing rights held as of June 30, 2021, estimated amortization expense for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows:
(dollars in thousands)
Year Ending December 31,
2021 (remainder)$1,432 
20222,446 
20231,974 
20241,596 
20251,316 
20261,092 
Thereafter644 
Total$10,500