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GOODWILL, CORE DEPOSIT PREMIUM AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets The gross carrying amount of these intangible assets and the associated accumulated amortization at June 30, 2022, and December 31, 2021, are presented in the table below, in thousands:
 June 30, 2022December 31, 2021
 Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Amortizing intangible assets:    
Core deposit intangibles$101,185 $72,334 $28,851 $101,185 $68,330 $32,855 
Customer relationship intangibles1,177 1,177 — 1,177 1,044 133 
Mortgage servicing rights13,531 5,243 8,288 12,790 6,378 6,412 
Commercial servicing rights7,054 7,054 — 7,054 6,576 478 
Total$122,947 $85,808 $37,139 $122,206 $82,328 $39,878 
Schedule of Estimated Future Amortization Expense of Amortizable Intangible Assets
The following table shows the estimated future amortization expense for amortizable intangible assets, in thousands:
 Core Deposit
Intangibles		Mortgage Servicing
Rights		 
 
Total
Six months ending December 31, 2022$3,697 $562 $4,259 
Year ending December 31, 
20236,739 1,931 8,670 
20245,591 1,655 7,246 
20254,700 1,380 6,080 
20263,533 1,104 4,637 
20272,601 828 3,429 
Thereafter1,990 828 2,818 
Total$28,851 $8,288 $37,139 
Summary of Changes in Servicing Rights
The following table summarizes, in thousands, the changes in capitalized mortgage servicing rights for the six months ended June 30, 2022, and June 30, 2021:
 20222021
Balance at January 1,$6,412 $5,189 
Originations904 703 
Amortization(686)(724)
Valuation adjustment1,658 391 
Balance at period end$8,288 $5,559 
Mortgage servicing rights, net to servicing portfolio1.13 %0.77 %
Schedule of Servicing Asset at Fair Value and Amortized Cost
The following table summarizes, in thousands, the book value, the fair value of each tranche of the mortgage servicing rights and any recorded valuation allowance at June 30, 2022, and December 31, 2021:
Book Value 15-Year TrancheFair Value 15-Year TrancheValuation Allowance
15-Year Tranche		Book Value 30-Year TrancheFair Value 30-Year TrancheValuation Allowance
30-Year Tranche
June 30, 2022$1,595 $1,838 $— $6,693 $7,582 $— 
December 31, 20211,607 1,280 327 6,463 5,132 1,331 

The fair value of mortgage servicing rights is calculated based upon a discounted cash flow analysis. Cash flow assumptions, including prepayment speeds, servicing costs and escrow earnings of the mortgage servicing rights are considered in the
calculation. The following table presents key assumptions used to value the mortgage servicing rights as of June 30, 2022, and December 31, 2021, dollars in thousands:
As of
June 30, 2022December 31, 2021
Weighted average constant prepayment rate8.60 %13.40 %
Weighted average discount rate9.01 %9.02 %
Fair value of mortgage servicing rights$9,420 $6,412