XML 50 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1
ACQUIRED CREDIT IMPAIRED LOANS (Tables)
 12 Months Ended
Dec. 31, 2023
Acquired Credit Impaired Loans [Abstract]  
Financing Receivable, Purchased With Credit Deterioration The carrying amount of these loans is as follows (in thousands):
2023
Purchase price of loans at acquisition$8,649 
Allowance for credit losses at acquisition493 
Non-credit discount/(premium) at acquisition1,486 
Par value of acquired loans at acquisition$10,628 
Schedule of carrying values of certain loans acquired in a transfer
The following table provides, as of December 31, the major classifications of purchased credit deteriorated loans acquired (in thousands):
2023
Commercial, secured by real estate2,636 
Residential real estate6,355 
  Total$8,991 
Outstanding and related carrying amount for acquired impaired loans
The following table provides the outstanding balance and related carrying amount for purchased credit deteriorated loans at December 31 (in thousands):
2023
Outstanding balance$10,458 
Carrying amount8,991 
Accretable discount related to acquired impaired loans
Activity during 2023 for the accretable discount related to purchased credit deteriorated loans is as follows (in thousands):
2023
Accretable discount, beginning of year— 
Accretable discount acquired during period from merger with CNNB1,486 
Less accretion19 
Accretable discount, end of year1,467