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Goodwill and Core Deposit Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Other Intangible Assets [Abstract] |
Other Intangibles Assets | GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS Goodwill At December 31, 2023 and 2022, the carrying value of goodwill was $94.7 million. There were no changes in the carrying value of goodwill for the years ended December 31, 2023 or 2022. The Company performs its annual goodwill impairment assessment as of November 30 th, and at interim periods if indicators of potential impairment exist. The Company completed its annual goodwill impairment test as of November 30, 2023, 2022 and 2021 and determined goodwill was not impaired. Core Deposit Intangible Assets The gross carrying amount and accumulated amortization of core deposit intangible assets were as follows at the periods indicated:
|  | December 31,
|  | 2023 |  | 2022
(In thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Core deposit intangible assets |  | $ | 6,451 |  |  | $ | (5,480) |  |  | $ | 971 |  |  | $ | 6,451 |  |  | $ | (4,888) |  |  | $ | 1,563 |
For the years ended December 31, 2023, 2022 and 2021, the Company recorded amortization expense of $592,000, $625,000 and $655,000, respectively. The following table reflects the amortization expense for core deposit intangible assets over the period of economic benefit, which is estimated to be fully realized by December 31, 2025:
(In thousands) |  | Core Deposit Intangible Assets
2024 |  | 556 |
2025 |  | 415 |
Total |  | $ | 971 |

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- Definition Other Intangible Assets [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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