GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

Schedule of gross carrying value and accumulated amortization of intangible assets

The following table provides the gross carrying value and accumulated amortization of intangible assets as of December 31, 2016 and 2015 (in thousands):

	December 31, 2016							December 31, 2015
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	1,471	$	(787	)	$	684	$	1,336	$	(638	)	$	698
Core deposit intangibles		1,641		(320	)		1,321		1,641		(25	)		1,616
Covenant not to compete		125		(34	)		91		125		(2	)		123
Total amortized intangible assets	$	3,237	$	(1,141	)	$	2,096	$	3,102	$	(665	)	$	2,437
Unamortized intangible assets:
Goodwill	$	21,089						$	21,089
(1) Excludes fully amortized intangible assets

Schedule of future amortization expense for amortized intangible assets

The following table provides the current year and estimated future amortization expense for the next five years of amortized intangible assets (in thousands). We based our projections of amortization expense shown below on existing asset balances at December 31, 2016. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Covenant not to compete		Total
Year ended December 31, 2016 (actual)	$	173	$	295	$	32	$	500
Estimate for year ended December 31,
2017		177		266		31		474
2018		143		236		30		409
2019		113		206		30		349
2020		87		177		-		264
2021		64		147		-		211