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GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024, and the year ended December 31, 2023 (in thousands):
| Goodwill |  | CDI |  | Total
Balance, December 31, 2022 | $ | 373,121 |  |  | $ | 9,440 |  |  | $ | 382,561 |
Amortization | — |  |  | (3,756) |  |  | (3,756) |
Balance, December 31, 2023 | 373,121 |  |  | 5,684 |  |  | 378,805 |
Amortization | — |  |  | (723) |  |  | (723) |
Balance, March 31, 2024 | $ | 373,121 |  |  | $ | 4,961 |  |  | $ | 378,082 |
Schedule of Estimated Annual Amortization Expense | The following table presents the estimated amortization expense with respect to CDI as of March 31, 2024, for the periods indicated (in thousands):
|  | Estimated Amortization
Remainder of 2024 |  | $ | 1,902 |
2025 |  | 1,567 |
2026 |  | 904 |
2027 |  | 426 |
2028 |  | 126 |
Thereafter |  | 36 |
|  | $ | 4,961 |
Schedule of Servicing Assets at Amortized Value | An analysis of the mortgage and SBA servicing rights for the three months ended March 31, 2024 and 2023 is presented below (in thousands):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Balance, beginning of the period | $ | 14,649 |  |  | $ | 16,166 |  |  |  |  |
Additions—amounts capitalized | 306 |  |  | 136 |  |  |  |  |
Additions—through purchase | 35 |  |  | 39 |  |  |  |  |
Amortization (1) | (806) |  |  | (847) |  |  |  |  |
Fair value adjustments (2) | 109 |  |  | 119 |  |  |  |  |
Balance, end of the period (3) | $ | 14,293 |  |  | $ | 15,613 |  |  |  |  |
(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) 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. (3) There was no valuation allowance on mortgage servicing rights as of both March 31, 2024 and 2023.

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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 + Details
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- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481229/860-50-50-4 + Details
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