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GOODWILL, CORE DEPOSIT PREMIUM AND OTHER INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL, CORE DEPOSIT PREMIUM AND OTHER INTANGIBLE ASSETS GOODWILL, CORE DEPOSIT PREMIUM AND OTHER INTANGIBLE ASSETS
HTLF had goodwill of $576.0 million at both March 31, 2023, and December 31, 2022. HTLF conducts its annual internal assessment of the goodwill both at the consolidated level and at its subsidiaries as of September 30. HTLF 's annual assessment is completed in the fourth quarter of every year as of September 30. The most recent assessment was completed in the fourth quarter of 2022 as of September 30, 2022, and there was no goodwill impairment identified.

HTLF evaluated goodwill and core deposit intangibles for impairment triggering events as of March 31, 2023, and no triggering events were identified.
The gross carrying amount of other intangible assets, which consists of core deposit intangibles and mortgage servicing rights, and the associated accumulated amortization at March 31, 2023, and December 31, 2022, are presented in the table below, in thousands:
 March 31, 2023December 31, 2022
 Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Amortizing intangible assets:    
Core deposit intangibles$101,185 $77,819 $23,366 $101,185 $76,031 $25,154 
Mortgage servicing rights— — — 13,700 5,860 7,840 
Total$101,185 $77,819 $23,366 $114,885 $81,891 $32,994 

The following table shows the estimated future amortization expense for amortizable intangible assets, in thousands:
 Core Deposit Intangibles
Nine months ending December 31, 2023$4,951 
Year ending December 31,
20245,591 
20254,700 
20263,533 
20272,601 
20281,287 
Thereafter703 
Total$23,366 

On March 31, 2023, First Bank & Trust closed on the sale of its mortgage servicing rights portfolio, which contained loans with an unpaid principal balance of $698.5 million, to two unrelated third-parties. The transaction qualified as a sale, and $7.7 million of mortgage servicing rights were de-recognized on the consolidated balance sheet as of March 31, 2023. Cash of approximately $6.7 million was received on March 31, 2023, and an estimated loss of $193,000 was recorded. A receivable of approximately $746,000 was recorded in other assets on the consolidated balance sheet as of March 31, 2023, due to the timing of the servicing transfer per the terms of the sale agreement. Pursuant to the agreement, which includes customary terms and conditions, First Bank & Trust provided interim servicing of the loans until the transfer date, which was May 1, 2023.

Custodial escrow balances maintained in connection with the interim servicing of the mortgage loan servicing portfolio were approximately $8.8 million at March 31, 2023.

The following table summarizes, in thousands, the changes in capitalized mortgage servicing rights for the three months ended March 31, 2023, and March 31, 2022:
 20232022
Balance at January 1,$7,840 $6,412 
Originations24 437 
Amortization(210)(405)
Sale of mortgage servicing rights(7,654)— 
Valuation adjustment— 1,658 
Balance at period end$— $8,102 
Mortgage servicing rights, net to servicing portfolio— %1.11 %
The following table summarizes, in thousands, the book value, the fair value of each tranche of the mortgage servicing rights and any recorded valuation allowance at March 31, 2023, and December 31, 2022:
Book Value 15-Year TrancheFair Value 15-Year TrancheValuation Allowance
15-Year Tranche		Book Value 30-Year TrancheFair Value 30-Year TrancheValuation Allowance
30-Year Tranche
March 31, 2023$— $— $— $— $— $— 
December 31, 2022$1,388 $1,388 $— $6,452 $6,452 $—