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GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2023
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 and other intangibles for the years ended December 31, 2023, 2022 and 2021 (in thousands):
 GoodwillCDITotal
Balance,  January 1, 2021$373,121 $21,426 $394,547 
Amortization— (6,571)(6,571)
Balance, December 31, 2021373,121 14,855 387,976 
Amortization— (5,279)(5,279)
Other Changes (1)
— (136)(136)
Balance, December 31, 2022373,121 9,440 382,561 
Amortization— (3,756)(3,756)
Balance, December 31, 2023$373,121 $5,684 $378,805 
(1)    Acquired CDI was adjusted for the sale of branches in 2022.
Schedule of Estimated Annual Amortization Expense
Estimated amortization expense with respect to CDI as of December 31, 2023 for the periods indicated (in thousands):
Year ended:Estimated Amortization
2024$2,626 
20251,567 
2026904 
2027426 
2028126 
Thereafter35 
Net carrying amount$5,684 
Schedule of Mortgage Servicing Rights at Amortized Value
An analysis of the mortgage and SBA servicing rights for the years ended December 31, 2023, 2022 and 2021 is presented below (in thousands):
 Years Ended December 31
 202320222021
Balance, beginning of the year$16,166 $17,206 $15,223 
Additions—amounts capitalized1,590 3,200 7,260 
Additions—through purchase313 285 159 
Amortization (1)
(3,325)(4,216)(6,580)
Fair value adjustments (3)
(95)(309)1,144 
Balance, end of the year (2)
$14,649 $16,166 $17,206 

(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 December 31, 2023 and 2022.
(3)    Fair value adjustments relate to SBA servicing rights. These adjustments are estimated based on an independent dealer analysis by discounting estimated net future cash flows from servicing SBA loans.