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MORTGAGE SERVICING RIGHTS (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in other intangible assets
The following table presents changes in our mortgage servicing rights for the periods presented:
 
(Dollars in thousands)Mortgage
Servicing
Rights
Balance as of December 31, 2022$9,074 
Additions327 
Amortization(705)
Balance as of December 31, 20238,696 
Additions553 
Amortization(776)
Balance as of December 31, 2024$8,473 
Schedule of gross carrying value and accumulated amortization related to intangible assets
The gross carrying value, accumulated amortization, and net carrying value related to our mortgage servicing rights as of December 31, 2024 and 2023 are presented below:

 December 31, 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$70,293 $(61,820)$8,473 $69,740 $(61,044)$8,696 
Schedule of estimated amortization expense
Based on our mortgage servicing rights held as of December 31, 2024, estimated amortization expense for the next five succeeding fiscal years and all years thereafter are as follows:

(Dollars in thousands)
Year Ending December 31:
2025$928 
2026887 
2027788 
2028699 
2029612 
Thereafter4,559 
Total$8,473 
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 our mortgage servicing rights:

 Year Ended December 31,
(Dollars in thousands)20242023
Fair market value, beginning of period$12,185 $12,061 
Fair market value, end of period12,387 12,185 
Weighted-average discount rate9.5 %9.5 %
Weighted-average prepayment speed assumption10.2 %11.2 %