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GOODWILL AND CORE DEPOSIT INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill

The carrying basis of goodwill and core deposit intangibles as of and for the years ended December 31, 2024 and 2023, were as follows.

 

 

Goodwill

 

 

Core Deposit

 

Balance as of January 1, 2023

 

$

53,101

 

 

$

10,596

 

Sold in acquisition

 

 

 

 

 

 

Amortization

 

 

 

 

 

(3,374

)

Balance as of December 31, 2023

 

 

53,101

 

 

 

7,222

 

Acquired in acquisition

 

 

 

 

 

12,036

 

Amortization

 

 

 

 

 

(4,289

)

Balance as of December 31, 2024

 

$

53,101

 

 

$

14,969

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated core deposit intangibles amortization expense for each of the following five years and thereafter is listed in the following table.

Expensed in one year or less

 

$

3,794

 

Expensed after one year through two years

 

 

2,942

 

Expensed after two years through three years

 

 

2,244

 

Expensed after three years through four years

 

 

1,638

 

Expensed after four years through five years

 

 

1,259

 

Thereafter

 

 

3,092

 

Total

 

$

14,969