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GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021, 2020 and 2019 (in thousands):
 GoodwillCDILHITotal
Balance,  January 1, 2019$339,154 $32,699 $225 $372,078 
Additions through acquisition(1)
33,967 4,610 — 38,577 
Amortization— (8,151)— (8,151)
Adjustments(2)
— — (225)(225)
Balance, December 31, 2019373,121 29,158 — 402,279 
Amortization— (7,732)— (7,732)
Balance, December 31, 2020373,121 21,426 — 394,547 
Amortization— (6,571)— (6,571)
Balance, December 31, 2021$373,121 $14,855 $— $387,976 
Schedule of Estimated Annual Amortization Expense
Estimated amortization expense in future years with respect to CDI as of December 31, 2021 (in thousands):
Year ended:Estimated Amortization
2022$5,317 
20233,814 
20242,659 
20251,575 
2026904 
Thereafter586 
Net carrying amount$14,855 
Schedule of Mortgage Servicing Rights at Amortized Value
An analysis of the mortgage and SBA servicing rights for the years ended December 31, 2021, 2020 and 2019 is presented below (in thousands):
 Years Ended December 31
 202120202019
Balance, beginning of the year$15,223 $14,148 $14,638 
Amounts capitalized7,260 8,572 4,392 
Additions through purchase159 175 168 
Amortization (1)
(6,580)(7,672)(5,050)
Fair Value adjustments1,144 — — 
Balance, end of the year (2)
$17,206 $15,223 $14,148 

(1)    Amortization of mortgage servicing rights is recorded as a reduction of loan servicing income. Any unamortized balance is fully written off if the loan repays in full.
(2)    There was no valuation allowance on mortgage servicing rights as of both December 31, 2021 and 2020.