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MORTGAGE SERVICING RIGHTS (Tables)

6 Months Ended

Jun. 30, 2020

OTHER INTANGIBLE ASSETS

Schedule of gross carrying value and accumulated amortization related to intangible assets

The following table presents changes in mortgage servicing rights for the periods presented:

(dollars in thousands)									Mortgage Servicing Rights
Balance, January 1, 2019									$	15,596
Additions									742
Amortization									(1,072)
Balance, June 30, 2019									$	15,266
Balance, January 1, 2020									$	14,718
Additions									1,270
Amortization									(3,217)
Balance, June 30, 2020									$	12,771

The gross carrying value and accumulated amortization related to our mortgage servicing rights are presented below:

			June 30, 2020																														December 31, 2019
(dollars in thousands)			Gross Carrying Value						Accumulated Amortization						Net Carrying Value						Gross Carrying Value						Accumulated Amortization						Net Carrying Value
Mortgage servicing rights			$	68,865					$	(56,094)					$	12,771					$	67,595					$	(52,877)					$	14,718

Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights

The following tables present the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights:

			Six Months Ended						Six Months Ended
(dollars in thousands)			June 30, 2020						June 30, 2019
Fair market value, beginning of period			$	15,820					$	17,696
Fair market value, end of period			13,060						15,554

Schedule of estimated amortization expense

Based on the mortgage servicing rights held as of June 30, 2020, estimated amortization expense for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows (dollars in thousands):

Year Ending December 31,
2020 (remainder)			$	2,583
2021			4,359
2022			3,538
2023			2,291
2024			—
2025			—
Thereafter			—
Total			$	12,771

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