GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

8. GOODWILL AND OTHER INTANGIBLE ASSETS

The following table provides the gross carrying value and accumulated amortization of intangible assets as of December 31, 2023 and 2022 (in thousands):

	December 31, 2023							December 31, 2022
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,457	$	(1,502	)	$	955	$	2,336	$	(1,362	)	$	974
Core deposit intangibles		4,713		(2,018	)		2,695		1,943		(1,645	)		298
Total amortized intangible assets	$	7,170	$	(3,520	)	$	3,650	$	4,279	$	(3,007	)	$	1,272
Unamortized intangible assets:
Goodwill	$	85,758						$	31,376

(1) Excludes fully 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, 2023. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Year ended December 31, 2023	$	301	$	373	$	674
Estimate for year ended December 31,
2024		280		564		844
2025		228		478		706
2026		177		395		572
2027		120		339		459
2028		71		284		355
2029 and thereafter		79		635		714
Total		955		2,695		3,650