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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS, NET | GOODWILL AND OTHER INTANGIBLE ASSETS, NET At June 30, 2022 and December 31, 2021, we had goodwill of $95.1 million and $94.3 million. We evaluate goodwill for impairment as of October 1 st each year, and more frequently if events or circumstances indicate that there may be impairment. We completed our most recent annual goodwill impairment test as of October 1, 2021 and determined that no goodwill impairment existed. The following table presents changes in the carrying amount of goodwill for the periods indicated:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
($ in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Goodwill, beginning of period |  | $ | 95,127 |  |  | $ | 37,144 |  |  | $ | 94,301 |  |  | $ | 37,144 |
Goodwill adjustments for purchase accounting |  | — |  |  | — |  |  | 826 |  |  | — |
Goodwill, end of period |  | $ | 95,127 |  |  | $ | 37,144 |  |  | $ | 95,127 |  |  | $ | 37,144 |
Accumulated impairment losses at end of period |  | $ | 2,100 |  |  | $ | 2,100 |  |  | $ | 2,100 |  |  | $ | 2,100 |
During the six months ended June 30, 2022, goodwill was adjusted for fair value and deferred tax adjustments related to the PMB acquisition. Core deposit intangibles are amortized over their useful lives of ten years and reviewed for impairment at least quarterly. As of June 30, 2022, the weighted average remaining amortization period for core deposit intangibles was approximately 7.6 years. The following table presents changes in the carrying amount of intangible assets, net for the periods indicated:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
($ in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Core deposit intangibles: |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 34,978 |  |  | $ | 30,904 |  |  | $ | 35,958 |  |  | $ | 30,904 |
Core deposit intangible adjustments for purchase accounting |  | — |  |  | — |  |  | (980) |  |  | — |
Balance, end of period |  | 34,978 |  |  | 30,904 |  |  | 34,978 |  |  | 30,904 |
Accumulated amortization: |  |  |  |  |  |  |  |
Balance, beginning of period |  | 29,988 |  |  | 28,553 |  |  | 29,547 |  |  | 28,271 |
Amortization of intangible assets |  | 313 |  |  | 282 |  |  | 754 |  |  | 564 |
Balance, end of period |  | 30,301 |  |  | 28,835 |  |  | 30,301 |  |  | 28,835 |
Intangible assets, net |  | $ | 4,677 |  |  | $ | 2,069 |  |  | $ | 4,677 |  |  | $ | 2,069 |
The following table presents estimated future amortization expense of intangible assets, net as of June 30, 2022:
($ in thousands) |  | Remainder of 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 and After |  | Total
Estimated future amortization expense |  | $ | 745 |  |  | $ | 1,092 |  |  | $ | 719 |  |  | $ | 420 |  |  | $ | 373 |  |  | $ | 1,328 |  |  | $ | 4,677 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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