GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2020

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

7. GOODWILL AND OTHER INTANGIBLE ASSETS

The following table provides the gross carrying value and accumulated amortization of intangible assets as of December 31, 2020 and 2019 (in thousands):

	December 31, 2020							December 31, 2019
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,153	$	(1,131	)	$	1,022	$	1,718	$	(1,077	)	$	641
Core deposit intangibles		1,943		(1,297	)		646		1,786		(1,081	)		705
Total amortized intangible assets	$	4,096	$	(2,428	)	$	1,668	$	3,504	$	(2,158	)	$	1,346
Unamortized intangible assets:
Goodwill	$	31,376						$	23,296

(1) Excludes fully amortized intangible assets

The following table provides the current year and estimated future amortization expense for the next five years of amortized intangible assets (in thousands). We based our projections of amortization expense shown below on existing asset balances at December 31, 2020. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Year ended December 31, 2020	$	179	$	216	$	395
Estimate for year ended December 31,
2021		265		192		457
2022		212		156		368
2023		166		121		287
2024		128		86		214
2025		94		50		144