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OTHER INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2021
OTHER INTANGIBLE ASSETS |
OTHER INTANGIBLE ASSETS | 12.OTHER INTANGIBLE ASSETS As a result of the Merger, the Company recorded $10.2 million of core deposit intangible assets and a $780 thousand non-compete agreement intangible asset on the Merger Date. ​ The following table presents the carrying amount and accumulated amortization of intangible assets that are amortizable and arose from the Merger. There were no intangible assets at December 31, 2020. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | ​ | Core Deposit | ​ | ​ | Non-complete | ​ | ​ | ​
(In thousands) | ​ | ​ | Intangibles |  | ​ | Agreement |  | ​ | Total
Gross carrying value | ​ | $ | 10,204 | ​ | $ | 780 | ​ | $ | 10,984
Accumulated amortization | ​ |  | (1,427) | ​ | ​ | (480) | ​ | ​ | (1,907)
Net carrying amount | ​ | $ | 8,777 | ​ | $ | 300 | ​ | $ | 9,077
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ Amortization expense recognized on intangible assets was $715 thousand and $1.9 million for the three and nine months ended September 30, 2021, respectively. There was no amortization expense recognized on intangible assets for the three or nine months ended September 30, 2020. ​ Estimated amortization expense for the remainder of 2021 through 2025 and thereafter is as follows: ​
​ | ​ | ​ | ​
(In thousands) | ​ | ​ | Total
2021 | ​ | $ | 715
2022 | ​ | ​ | 1,878
2023 | ​ | ​ | 1,425
2024 | ​ | ​ | 1,163
2025 | ​ | ​ | 958
Thereafter | ​ | ​ | 2,938
Total | ​ | $ | 9,077
​

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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 http://asc.fasb.org/topic&trid=2144416 + Details
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