Acquisition Activities (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Cambr |
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| Acquisition Activities |
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| Net Assets acquired (at fair value) and consideration transferred |
| | | | | | April 3, 2023 | Assets: | | | | Cash and due from banks | | $ | 1,224 | Other intangibles | | | 18,000 | Other assets | | | 6,729 | Total assets acquired | | | 25,953 | | | | | Liabilities: | | | | Other liabilities | | $ | 6,340 | Total liabilities assumed | | | 6,340 | | | | | Identifiable net assets acquired | | $ | 19,613 | | | | | Consideration: | | | | Cash | | $ | 46,524 | Total | | | 46,524 | | | | | Goodwill | | $ | 26,911 |
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| Summary of PCD loans purchased as part of the RCB acquisition |
| | | | | | | | | | | | | | | | | | Commercial | | Commercial real estate non-owner occupied | | Residential real estate | | Consumer | | Total | Unpaid principal balance | | $ | 12,079 | | $ | 220 | | $ | 843 | | $ | 3 | | $ | 13,145 | PCD allowance for credit loss at acquisition | | | (2,257) | | | (2) | | | (215) | | | — | | | (2,474) | (Discount) premium on acquired loans | | | (787) | | | 19 | | | (5) | | | — | | | (773) | Loans previously charged-off by RCB | | | (2,051) | | | — | | | — | | | (3) | | | (2,054) | Purchase price of PCD loans | | $ | 6,984 | | $ | 237 | | $ | 623 | | $ | — | | $ | 7,844 |
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| Rock Canyon Bank |
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| Acquisition Activities |
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| Net Assets acquired (at fair value) and consideration transferred |
| | | | | | | | | | September 1, 2022 | Assets: | | | | Cash and due from banks | | $ | 260,883 | Investment securities available-for-sale | | | 402 | Non-marketable securities | | | 977 | Loans, net | | | 535,197 | Loans held for sale | | | 3,069 | Premises and equipment | | | 3,413 | Core deposit and other intangibles | | | 16,463 | Other assets | | | 11,749 | Total assets acquired | | | 832,153 | | | | | Liabilities: | | | | Total deposits | | | 734,480 | Other liabilities | | | 10,115 | Total liabilities assumed | | | 744,595 | | | | | Identifiable net assets acquired | | $ | 87,558 | | | | | Consideration: | | | | NBHC common stock paid, closing price of $40.13 on August 31, 2022 | | $ | 124,272 | Cash | | | 16,141 | Total | | | 140,413 | | | | | Goodwill | | $ | 52,855 |
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| Bank of Jackson Hole |
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| Acquisition Activities |
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| Net Assets acquired (at fair value) and consideration transferred |
| | | | | | October 1, 2022 | Assets: | | | | Cash and due from banks | | $ | 40,509 | Investment securities | | | 203,728 | Non-marketable securities | | | 3,104 | Loans, net | | | 1,185,699 | Loans held for sale | | | 504 | Premises and equipment | | | 30,318 | Core deposit and other intangibles | | | 30,696 | Other assets | | | 31,970 | Total assets acquired | | | 1,526,528 | | | | | Liabilities: | | | | Total deposits | | | 1,375,593 | Long-term debt | | | 39,229 | Fed funds purchased | | | 25 | Other liabilities | | | 9,483 | Total liabilities assumed | | | 1,424,330 | | | | | Identifiable net assets acquired | | $ | 102,198 | | | | | Consideration: | | | | NBHC common stock paid, closing price of $36.99 on September 30, 2022 | | $ | 162,459 | Cash | | | 50,989 | Total | | | 213,448 | | | | | Goodwill | | $ | 111,250 |
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| Summary of PCD loans purchased as part of the RCB acquisition |
| | | | | | | | | | | | | | | | | | Commercial | | Commercial real estate non-owner occupied | | Residential real estate | | Consumer | | Total | Unpaid principal balance | | $ | 5,061 | | $ | 8,353 | | $ | 476 | | $ | 12 | | $ | 13,902 | PCD allowance for credit loss at acquisition | | | (151) | | | (3,557) | | | (55) | | | (1) | | | (3,764) | Discount on acquired loans | | | (336) | | | (226) | | | (16) | | | — | | | (578) | Purchase price of PCD loans | | $ | 4,574 | | $ | 4,570 | | $ | 405 | | $ | 11 | | $ | 9,560 |
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