Business Combinations (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table provides the preliminary purchase price calculation as of the date of acquisition for the premium finance company, and the assets acquired and liabilities assumed at their estimated fair values.


(Dollars in thousands)
Total purchase price	$	94,526
Net Assets at Fair Value
Assets
Cash and due from banks	$	508
Loans, net of deferred fees and costs	84,817
Bank premises and equipment, net of accumulated depreciation	45
Customer relationship intangible assets	4,172
Other assets	10
Total assets	$	89,552
Liabilities
Accrued expenses and other liabilities	479
Total liabilities	$	479
Net assets	$	89,075
Preliminary goodwill	$	5,451

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period

The following table details the preliminary fair value adjustment for acquired loans as of the acquisition date:


(Dollars in thousands, except per share data)	Triumph Premium Finance
Loans Purchased Without Credit Deterioration
Contractual cash flows	$	84,440
Nonaccretable difference	(179)
Expected cash flows	84,261
Accretable yield	556
Fair value	$	84,817