OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 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)	September 30, 2024		December 31, 2023
Gross carrying value	$	10,204	$	10,204
Accumulated amortization		(6,023)		(5,145)
Net carrying amount	$	4,181	$	5,059

Amortization expense recognized on intangible assets was $286 thousand and $878 thousand for the three and nine months ended September 30, 2024, respectively. Amortization expense recognized on intangible assets was $349 thousand and $1.1 million for the three and nine months ended September 30, 2023, respectively.

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

(In thousands)
2024	$	286
2025		958
2026		795
2027		664
2028		560
Thereafter		918
Total	$	4,181