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GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2016
Other Intangible Assets and Mortgage Servicing Rights [Abstract]  
Schedule of Changes in Goodwill and Intangible Assets
The following table summarizes the changes in the Company’s goodwill, CDI and LHI for the years ended December 31, 2014, 2015 and 2016 (in thousands):
 
Goodwill
 
CDI
 
LHI
 
Total
Balance, December 31, 2013
$
—

 
$
2,449

 
$
—

 
$
2,449

Additions through acquisition
—

 
2,372

 
—

 
2,372

Amortization
—

 
(1,990
)
 
—

 
(1,990
)
Balance, December 31, 2014
—

 
2,831

 
—

 
2,831

Additions through acquisition
247,738

 
37,395

 
776

 
285,909

Amortization
—

 
(3,164
)
 
(66
)
 
(3,230
)
Other Changes (1)
—

 
(300
)
 
—

 
(300
)
Balance, December 31, 2015
247,738

 
36,762

 
710

 
285,210

Amortization
—

 
(7,061
)
 
(249
)
 
(7,310
)
Adjustments to goodwill
(3,155
)
 
—

 
—

 
(3,155
)
Balance, December 31, 2016
$
244,583

 
$
29,701

 
$
461

 
$
274,745



(1) 
Acquired CDI from Starbuck was adjusted for a branch that was subsequently sold.
Schedule of Estimated Annual Amortization Expense
Estimated amortization expense in future years with respect to CDI as of December 31, 2016 (in thousands):
Year ended:
Estimated Amortization
2017
$
6,332

2018
5,609

2019
4,889

2020
4,169

Thereafter
8,702

Net carrying amount
$
29,701
Schedule of Mortgage Servicing Rights at Amortized Value
An analysis of the mortgage servicing rights for the years ended December 31, 2016, 2015 and 2014 is presented below (in thousands):
 
Years Ended December 31
 
2016
 
2015
 
2014
Balance, beginning of the year
$
13,295

 
$
9,030

 
$
8,086

Amounts capitalized
5,965

 
5,313

 
3,023

Additions through acquisition
—

 
2,172

 
—

Amortization (1)
(4,011
)
 
(3,220
)
 
(2,079
)
Balance, end of the year (2)
$
15,249

 
$
13,295

 
$
9,030


(1) 
Amortization of mortgage servicing rights is recorded as a reduction of loan servicing income and any unamortized balance is fully written off if the loan repays in full.
(2) 
There was no valuation allowance as of December 31, 2016, 2015 and 2014.