GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2024

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, 2024 and 2023 (in thousands):

	December 31, 2024							December 31, 2023
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,478	$	(1,717	)	$	761	$	2,457	$	(1,502	)	$	955
Core deposit intangibles		4,713		(2,582	)		2,131		4,713		(2,018	)		2,695
Total amortized intangible assets	$	7,191	$	(4,299	)	$	2,892	$	7,170	$	(3,520	)	$	3,650
Unamortized intangible assets:
Goodwill	$	85,758						$	85,758

(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, 2024. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Year ended December 31, 2024	$	297	$	564	$	861
Estimate for year ended December 31,
2025		246		478		724
2026		195		395		590
2027		138		339		477
2028		91		284		375
2029		54		230		284
2030 and thereafter		37		405		442
Total		761		2,131		2,892