OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 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.

	June 30, 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		(4,446)		(780)		(5,226)		(3,720)		(780)		(4,500)
Net carrying amount	$	5,758	$	—	$	5,758	$	6,484	$	—	$	6,484

Amortization expense recognized on intangible assets was $349 thousand and $726 thousand for the three and six months ended June 30, 2023. Amortization expense recognized on intangible assets was $430 thousand and $1.0 million for the three and six months ended June 30, 2022.

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

(In thousands)		Total
2023	$	699
2024		1,163
2025		958
2026		795
2027		664
Thereafter		1,479
Total	$	5,758