Business Combinations (Tables)

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Summary of purchase price calculation and bargain purchase gain

The following table summarizes the purchase price calculation and bargain purchase gain resulting from acquisition:

	Fair Value
(Dollars in thousands except per share data) Purchase Price Consideration in Cash for Noah Bank’s Outstanding Shares
Noah Bank number of common shares outstanding		4,235,666
Purchase price per share assigned to cash consideration	$	6.00
Cash consideration	$	25,414
Assets Acquired:
Cash and cash equivalents	$	23,181
Securities available-for-sale		6,454
Loans receivable, net of allowance		185,891
Core deposit intangible		99
Premises and equipment		2,495
Operating leases right-of-use		10,523
Deferred tax assets		4,308
Other assets		6,500
Fair value of assets acquired		239,451
Liabilities Assumed:
Deposits		191,700
Operating lease liability		10,523
Other liabilities assumed		2,118
Fair value of liabilities assumed		204,341
Total identifiable net assets		35,110
Bargain purchase gain	$	(9,696	)