GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill and Intangible Assets

The following table summarizes the changes in the Company’s goodwill and other intangibles for the six months ended June 30, 2022 and the year ended December 31, 2021 (in thousands):

	Goodwill		CDI		Total
Balance, December 31, 2020	$	373,121	$	21,426	$	394,547
Amortization	—		(6,571)		(6,571)
Balance, December 31, 2021	373,121		14,855		387,976
Amortization	—		(2,849)		(2,849)
Other Changes (1)	—		(136)		(136)
Balance, June 30, 2022	$	373,121	$	11,870	$	384,991

Schedule of Estimated Annual Amortization Expense

The following table presents the estimated amortization expense with respect to CDI as of June 30, 2022 for the periods indicated (in thousands):

	Estimated Amortization
Remainder of 2022	$	2,430
2023	3,756
2024	2,626
2025	1,567
2026	904
Thereafter	587
	$	11,870

Schedule of Servicing Assets at Amortized Value

An analysis of the mortgage and SBA servicing rights for the three and six months ended June 30, 2022 and 2021 is presented below (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Balance, beginning of the period	$	18,008	$	15,407	$	17,206	$	15,223
Additions—amounts capitalized	804		1,787		2,757		3,797
Additions—through purchase	83		41		145		68
Amortization (1)	(1,115)		(1,623)		(2,346)		(3,476)
Fair value adjustments	(147)		—		(129)		—
Balance, end of the period (2)	$	17,633	$	15,612	17,633		$	15,612

(1)    Amortization of mortgage servicing rights is recorded as a reduction of loan servicing income within mortgage banking operations and any unamortized balance is fully amortized if the loan repays in full.

(2)    There was no valuation allowance on mortgage servicing rights as of both June 30, 2022 and 2021.