OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2024

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS

11. OTHER INTANGIBLE ASSETS

The following table presents the carrying amount and accumulated amortization of intangible assets that are amortizable.

(In thousands)	June 30, 2024		December 31, 2023
Gross carrying value	$	10,204	$	10,204
Accumulated amortization		(5,737)		(5,145)
Net carrying amount	$	4,467	$	5,059

Amortization expense recognized on intangible assets was $285 thousand and $592 thousand for the three and six months ended June 30, 2024, respectively. Amortization expense recognized on intangible assets was $349 thousand and $726 thousand for the three and six months ended June 30, 2023, respectively.

Estimated amortization expense for the remainder of 2024 through 2028 and thereafter is as follows:

(In thousands)
2024	$	571
2025		958
2026		795
2027		664
2028		560
Thereafter		919
Total	$	4,467