GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2022

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in Goodwill

The following table presents the change in Goodwill for the years ended December 31, 2022, 2021 and 2020:

	Year Ended December 31,
(In thousands)		2022		2021		2020
Beginning of year	$	155,797	$	55,638	$	55,638
Acquired goodwill1		-		100,159		-
Impairment		-		-		-
End of year	$	155,797	$	155,797	$	55,638

(1) See Note 2. Merger for additional information regarding the acquired goodwill

Schedule of carrying amount and accumulated amortization of intangible assets

	December 31, 2022						December 31, 2021
		Core Deposit		Non-compete				Core Deposit		Non-compete
(In thousands)		Intangibles		Agreement		Total		Intangibles		Agreement		Total
Gross carrying value	$	10,204	$	780	$	10,984	$	10,204	$	780	$	10,984
Accumulated amortization		(3,720)		(780)		(4,500)		(1,962)		(660)		(2,622)
Net carrying amount	$	6,484	$	-	$	6,484	$	8,242	$	120	$	8,362

Schedule of estimated amortization expense

(In thousands)		Total
2023		1,425
2024		1,163
2025		958
2026		795
2027		664
Thereafter		1,479
Total	$	6,484