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Goodwill and Core Deposit Intangible Assets
 12 Months Ended
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 30th, 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
2024556 
2025415 
Total$971