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GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2022
Other Intangible Assets and Mortgage Servicing Rights [Abstract]  
Schedule of Changes in Goodwill and Intangible Assets
The following table summarizes the changes in the Company’s goodwill and other intangibles for the years ended December 31, 2022, 2021 and 2020 (in thousands):
 GoodwillCDITotal
Balance,  January 1, 2020$373,121 $29,158 $402,279 
Amortization— (7,732)(7,732)
Balance, December 31, 2020373,121 21,426 394,547 
Amortization— (6,571)(6,571)
Balance, December 31, 2021373,121 14,855 387,976 
Amortization— (5,279)(5,279)
Other Changes(1)
— (136)(136)
Balance, December 31, 2022$373,121 $9,440 $382,561 

(1)    Acquired CDI was adjusted for the sale of branches in 2022.
Schedule of Estimated Annual Amortization Expense
Estimated amortization expense with respect to CDI as of December 31, 2022 for the periods indicated (in thousands):
Year ended:Estimated Amortization
2023$3,756 
20242,626 
20251,567 
2026904 
2026426 
Thereafter161 
Net carrying amount$9,440 
Schedule of Mortgage Servicing Rights at Amortized Value
An analysis of the mortgage and SBA servicing rights for the years ended December 31, 2022, 2021 and 2020 is presented below (in thousands):
 Years Ended December 31
 202220212020
Balance, beginning of the year$17,206 $15,223 $14,148 
Additions—amounts capitalized3,200 7,260 8,572 
Additions—through purchase285 159 175 
Amortization (1)
(4,216)(6,580)(7,672)
Fair value adjustments (3)
(309)1,144 — 
Balance, end of the year (2)
$16,166 $17,206 $15,223 

(1)    Amortization of mortgage servicing rights is recorded as a reduction of loan servicing income within mortgage banking operations and any unamortized balance is fully amortized if the loan repays in full.
(2)    There was no valuation allowance on mortgage servicing rights as of both December 31, 2022 and 2021.
(3)    Fair value adjustments relate to SBA servicing rights. These adjustments are estimated based on an independent dealer analysis by discounting estimated net future cash flows from servicing SBA loans.