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GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019, 2018 and 2017 (in thousands):
 
Goodwill
 
CDI
 
LHI
 
Total
Balance, January 1, 2017
$
244,583

 
$
29,701

 
$
461

 
$
274,745

Amortization
—

 
(6,247
)
 
(184
)
 
(6,431
)
Adjustments to goodwill(1)
(1,924
)
 
(1,076
)
 
—

 
(3,000
)
Balance, December 31, 2017
242,659

 
22,378

 
277

 
265,314

Additions through acquisition(2)
96,495

 
16,368

 
—

 
112,863

Amortization
—

 
(6,047
)
 
(52
)
 
(6,099
)
Balance, December 31, 2018
339,154

 
32,699

 
225

 
372,078

Additions through acquisition(3)
33,967

 
4,610

 
—

 
38,577

Amortization
—

 
(8,151
)
 
—

 
(8,151
)
Adjustments(4)
—

 
—

 
(225
)
 
(225
)
Balance, December 31, 2019
$
373,121

 
$
29,158

 
$
—

 
$
402,279



(1) 
Acquired Goodwill and CDI were adjusted for the sale of the Utah branches in 2017.
Schedule of Estimated Annual Amortization Expense


Estimated amortization expense in future years with respect to CDI as of December 31, 2019 (in thousands):
Year ended:
Estimated Amortization
2020
$
7,732

2021
6,571

2022
5,317

2023
3,814

Thereafter
5,724

Net carrying amount
$
29,158
Schedule of Mortgage Servicing Rights at Amortized Value
An analysis of the mortgage servicing rights for the years ended December 31, 2019, 2018 and 2017 is presented below (in thousands):
 
Years Ended December 31
 
2019
 
2018
 
2017
Balance, beginning of the year
$
14,638

 
$
14,738

 
$
15,249

Amounts capitalized
4,392

 
3,623

 
3,361

Additions through purchase
168

 
166

 
94

Amortization (1)
(5,050
)
 
(3,889
)
 
(3,966
)
Balance, end of the year (2)
$
14,148

 
$
14,638

 
$
14,738


(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, 2019 and 2018.