GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

Gross Carrying Value and Accumulated Amortization of Intangible Assets

The following table provides the gross carrying value and accumulated amortization of intangible assets as of December 31, 2021 and 2020 (in thousands):

	December 31, 2021							December 31, 2020
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,499	$	(1,326	)	$	1,173	$	2,153	$	(1,131	)	$	1,022
Core deposit intangibles		1,943		(1,489	)		454		1,943		(1,297	)		646
Total amortized intangible assets	$	4,442	$	(2,815	)	$	1,627	$	4,096	$	(2,428	)	$	1,668
Unamortized intangible assets:
Goodwill	$	31,376						$	31,376

(1) Excludes fully amortized intangible assets

Future Amortization Expense for Amortized Intangible Assets

The following table provides the current year and estimated future amortization expense for the next five years of amortized intangible assets (in thousands). We based our projections of amortization expense shown below on existing asset balances at December 31, 2021. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Year ended December 31, 2021	$	265	$	192	$	457
Estimate for year ended December 31,
2022		305		156		461
2023		244		121		365
2024		192		86		278
2025		146		50		196
2026		107		17		124