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GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
Schedule of progression of the balance for goodwill

Years Ended December 31,  (in thousands)

    

2024

    

2023

 

2022

Beginning of period

$

40,516

$

16,300

$

16,300

Acquired goodwill

 

 

24,216

 

Impairment

 

 

 

End of period

$

40,516

$

40,516

$

16,300

Schedule of gross carrying amount and changes in the net carrying amount of core deposit intangible asset

(dollars in thousands)

    

Gross Carrying Amount

    

Accumulated Amortization

    

Net Carrying Amount

December 31, 2024

CDI

$

2,844

$

(887)

$

1,957

December 31, 2023

CDI

$

2,844

$

(405)

$

2,439

Years Ended December 31,  (in thousands)

    

2024

    

2023

Beginning of period

$

2,439

$

Added from acquisition

 

 

2,844

Amortized to expense

 

(482)

 

(405)

End of period

$

1,957

$

2,439

Schedule of aggregate core deposit intangible amortization expense

Years Ended December 31, (in thousands)

    

2024

    

2023

    

2022

Core deposit amortization expense

$

482

$

405

$

Schedule of future core deposit intangible amortization expense

Year

    

(in thousands)

2025

$

936

2026

 

932

2027

 

928

2028

 

912

2029

 

854

2030

 

717

Thereafter

 

1,696

Total

$

6,975

Core deposit  
Schedule of future core deposit intangible amortization expense

Years (dollars in thousands)

    

CDI

2025

$

422

2026

 

371

2027

320

2028

269

2029

217

2030

166

2031

115

2032

77

Total future amortization expense

$

1,957