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MORTGAGE SERVICING RIGHTS (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of gross carrying value and accumulated amortization related to intangible assets
The following table presents changes in mortgage servicing rights ("MSR") for the periods presented:

(dollars in thousands)
Balance at December 31, 2023$8,696 
Additions310 
Amortization(370)
Balance at June 30, 2024$8,636 
Balance at December 31, 2022$9,074 
Additions125 
Amortization(356)
Balance at June 30, 2023$8,843 
The following table presents carrying values and accumulated amortization related to MSR as of the dates presented:

 June 30, 2024December 31, 2023
(dollars in thousands)Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value		Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value
Mortgage servicing rights$70,050 $(61,414)$8,636 $69,740 $(61,044)$8,696 
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights
The following table presents the fair market value and key assumptions used in determining the fair market value of MSR as of the dates presented:

(dollars in thousands)June 30, 2024December 31, 2023
Fair market value, beginning of year$12,185 $12,061 
Fair market value, end of period12,151 12,185 
Weighted average discount rate9.5 %9.5 %
Weighted average prepayment speed assumption11.0 11.2 
Schedule of estimated amortization expense
The following table presents the estimated amortization expense for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter, based on MSR held as of June 30, 2024:

(dollars in thousands)
Year Ending December 31,
2024 (remainder)$418 
2025893 
2026803 
2027719 
2028642 
2029563 
Thereafter4,598 
Total$8,636