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GOODWILL AND OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2016
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, 2016 and 2015 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, 2016 and 2015 is as follows (in thousands):
 
 
2016
 
2015
Gross carrying amount
 
$
11,674

 
$
11,674

Less accumulated amortization
 
(7,053
)
 
(5,946
)
Net carrying amount
 
$
4,621

 
$
5,728


 
Amortization expense on the core deposit intangible assets totaled approximately $1.1 million in 2016, 2015 and 2014.
 
The estimated amortization expense on the core deposit intangible assets for the five succeeding years and thereafter is as follows (in thousands):
2017
$
1,106

2018
1,106

2019
1,106

2020
726

2021
577

 
$
4,621