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GOODWILL AND OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS
 
The carrying amount of goodwill for each of the years ended December 31, 2015 and 2014 was approximately $42.2 million. Goodwill is recorded on the acquisition date of each entity.
 
A summary of core deposit intangible assets as of December 31, 2015 and 2014 is as follows (in thousands):
 
 
2015
 
2014
Gross carrying amount
 
$
11,674

 
$
11,674

Less accumulated amortization
 
(5,946
)
 
(4,840
)
Net carrying amount
 
$
5,728

 
$
6,834


 
Amortization expense on the core deposit intangible assets totaled approximately $1.1 million in 2015, 2014 and 2013.
 
The estimated amortization expense on the core deposit intangible assets for the five succeeding years and thereafter is as follows (in thousands):
2016
$
1,106

2017
1,106

2018
1,106

2019
1,107

2020
726

Thereafter
577

 
$
5,728