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Business Combinations (Tables)
3 Months Ended
Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Fair Value of Consideration Transferred, Assets Acquired and Liabilities Assumed
The following table summarizes the consideration paid for VRB and the amounts of assets acquired and liabilities assumed that were recorded at the acquisition date (in thousands):

Valley Republic Bancorp
March 25, 2022
Fair value of consideration transferred:
Fair value of shares issued$173,585 
Cash consideration431 
Total fair value of consideration transferred174,016 
Assets acquired:
Cash and cash equivalents427,314 
Securities available for sale109,716 
Loans and leases771,353 
Premises and equipment4,658 
Cash value of life insurance13,609 
Core deposit intangible10,635 
Other assets26,244 
Total assets acquired1,363,529 
Liabilities assumed:
Deposits(1,215,479)
Subordinated debt(47,236)
SERP liability(3,352)
Other liabilities(10,516)
Total liabilities assumed(1,276,583)
Total net assets acquired86,946 
Goodwill recognized$87,070