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
Additions	717
Amortization	(2,082)
Balance, June 30, 2021	$	10,500
Balance, January 1, 2020	$	14,718
Additions	1,270
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, 2021						December 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 Ended			Six Months Ended
(dollars in thousands)	June 30, 2021			June 30, 2020
Fair market value, beginning of period	$	12,003		$	15,820
Fair market value, end of period	10,755			13,060
Weighted average discount rate	9.6		%	9.6		%
Weighted average prepayment speed assumption	18.0		%	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
2022	2,446
2023	1,974
2024	1,596
2025	1,316
2026	1,092
Thereafter	644
Total	$	10,500