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GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [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 three months ended March 31, 2023 and the year ended December 31, 2022 (in thousands):
 GoodwillCDITotal
Balance, December 31, 2021$373,121 $14,855 $387,976 
Amortization— (5,279)(5,279)
Other changes(1)
— (136)(136)
Balance, December 31, 2022373,121 9,440 382,561 
Amortization— (1,050)(1,050)
Balance, March 31, 2023$373,121 $8,390 $381,511 
Schedule of Estimated Annual Amortization Expense
The following table presents the estimated amortization expense with respect to CDI as of March 31, 2023 for the periods indicated (in thousands):
Estimated Amortization
Remainder of 2023$2,706 
20242,626 
20251,567 
2026904 
2027426 
Thereafter161 
 $8,390 
Schedule of Servicing Assets at Amortized Value
An analysis of the mortgage and SBA servicing rights for the three months ended March 31, 2023 and 2022 is presented below (in thousands):
 Three Months Ended
March 31,
 20232022
Balance, beginning of the period$16,166 $17,206 
Additions—amounts capitalized136 1,953 
Additions—through purchase39 62 
Amortization (1)
(847)(1,231)
Fair value adjustments (3)
119 18 
Balance, end of the period (2)
$15,613 $18,008 

(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 March 31, 2023 and 2022.
(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.