GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in Goodwill

The following table presents the change in Goodwill for the years ended December 31, 2023, 2022 and 2021:

	Year Ended December 31,
(In thousands)		2023		2022		2021
Beginning of year	$	155,797	$	155,797	$	55,638
Acquired goodwill (1)		-		-		100,159
End of year	$	155,797	$	155,797	$	155,797

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

Schedule of carrying amount and accumulated amortization of intangible assets

	Year Ended December 31,
(In thousands)	2023		2022
Gross carrying value	$	10,204	$	10,204
Accumulated amortization		(5,145)		(3,720)
Net carrying amount	$	5,059	$	6,484

Schedule of estimated amortization expense

(In thousands)
2024	$	1,164
2025		958
2026		795
2027		664
2028		560
Thereafter		918
Total	$	5,059