OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

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.

(In thousands)	March 31, 2024		December 31, 2023
Gross carrying value	$	10,204	$	10,204
Accumulated amortization		(5,451)		(5,145)
Net carrying amount	$	4,753	$	5,059

Amortization expense recognized on intangible assets was $307 thousand and $377 thousand for the three months ended March 31, 2024 and March 31, 2023, respectively.

Estimated amortization expense for the remainder of 2024 through 2028 and thereafter is as follows:

(In thousands)
2024	$	857
2025		958
2026		795
2027		664
2028		560
Thereafter		919
Total	$	4,753