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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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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 |

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