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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
 
The following is an analysis of the core deposit intangible activity for the years ended December 31:
 
 20222021
(dollars in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Amortizable intangible assets:    
Core deposit intangible$7,685 $3,965 $7,685 $2,464 
   Customer relationship intangible2,250 306 2,250 82 
Total9,935 4,271 9,935 2,546 
Unamortizable intangible assets:
Goodwill$48,923 $52,906 
 
Activity related to transactions since January 1, 2021 includes the following:
 
(1)In connection with the SouthCrest Financial Group, Inc. acquisition on August 1, 2021, the Company recorded $4.0 million in core deposit intangible and $35.0 million in goodwill. The Company recorded a subsequent adjustment within the one year period allowed after the acquisition of approximately $4.0 million reduction in goodwill related to premises and equipment and deferred taxes in 2022.
(2)In connection with insurance acquisitions that occurred on August 1, 2021, September 1, 2021, and October 1, 2021, the Company recorded $2.3 million in customer deposit intangibles and $1.9 million in goodwill.


Amortization expense related to the intangible assets was $1.7 million and $1.2 million at December 31, 2022 and 2021, respectively. The estimated future amortization expense for intangible assets remaining as of December 31, 2022 is as follows:
 
(dollars in thousands)Amount
2023$1,471 
20241,217 
2025963 
2026658 
2027453 
Thereafter902 
Total$5,664