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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The following is an analysis of the core deposit intangible activity for the years ended December 31:
| 2022 |  | 2021
(dollars in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortizable intangible assets: |  |  |  |  |  |  |
Core deposit intangible | $ | 7,685 |  |  | $ | 3,965 |  |  | $ | 7,685 |  |  | $ | 2,464 |
Customer relationship intangible | 2,250 |  |  | 306 |  |  | 2,250 |  |  | 82 |
Total | 9,935 |  |  | 4,271 |  |  | 9,935 |  |  | 2,546 |
Unamortizable intangible assets: |  |  |  |  |  |  |
Goodwill | $ | 48,923 |  |  |  |  | $ | 52,906 |  |  |
Activity related to transactions since January 1, 2021 includes the following: (1)In connection with the SouthCrest Financial Group, Inc. acquisition on August 1, 2021, the Company recorded $4.0 million in core deposit intangible and $35.0 million in goodwill. The Company recorded a subsequent adjustment within the one year period allowed after the acquisition of approximately $4.0 million reduction in goodwill related to premises and equipment and deferred taxes in 2022. (2)In connection with insurance acquisitions that occurred on August 1, 2021, September 1, 2021, and October 1, 2021, the Company recorded $2.3 million in customer deposit intangibles and $1.9 million in goodwill. Amortization expense related to the intangible assets was $1.7 million and $1.2 million at December 31, 2022 and 2021, respectively. The estimated future amortization expense for intangible assets remaining as of December 31, 2022 is as follows:
(dollars in thousands) |  | Amount
2023 |  | $ | 1,471 |
2024 |  | 1,217 |
2025 |  | 963 |
2026 |  | 658 |
2027 |  | 453 |
Thereafter |  | 902 |
Total |  | $ | 5,664 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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