OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS

11.OTHER INTANGIBLE ASSETS

The following table presents the carrying amount and accumulated amortization of intangible assets that are amortizable.

	March 31, 2023						December 31, 2022
		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		(4,097)		(780)		(4,877)		(3,720)		(780)		(4,500)
Net carrying amount	$	6,107	$	-	$	6,107	$	6,484	$	-	$	6,484

Amortization expense recognized on intangible assets was $377 thousand and $586 thousand for the three months ended March 31, 2023 and 2022, respectively.

Estimated amortization expense for the remainder of 2023 through 2027 and thereafter is as follows:

(In thousands)		Total
2023		1,048
2024		1,163
2025		958
2026		795
2027		664
Thereafter		1,479
Total	$	6,107