OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 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.

(Dollars in thousands)
Core Deposit Intangibles	September 30, 2023		December 31, 2022
Gross carrying value	$	10,204	$	10,204
Accumulated amortization		(4,795)		(3,720)
Net carrying amount	$	5,409	$	6,484

Amortization expense recognized on intangible assets was $349 thousand and $1.1 million for the three and nine months ended September 30, 2023. Amortization expense recognized on intangible assets was $431 thousand and $1.4 million for the three and nine months ended September 30, 2022.

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

(In thousands)		Total
2023	$	349
2024		1,164
2025		958
2026		795
2027		664
Thereafter		1,479
Total	$	5,409