Acquisition (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Preliminary Estimated Fair Value Amounts Assigned to Major Asset and Liability Categories at Acquisition Date

The following table presents the preliminary amounts recorded on the consolidated balance sheet on the acquisition date (dollars in thousands):

Fair value of consideration paid:
Common stock issued (6,275,574 shares)	$	220,273
Fair value of identifiable assets acquired:
Cash and cash equivalents	$	61,028
Securities available-for-sale		93,967
Loans		447,702
Identifiable intangible assets		4,798
Other assets		25,377
Total identifiable assets acquired	$	632,872
Fair value of liabilities assumed:
Deposits	$	549,125
Other liabilities		5,397
Total liabilities assumed	$	554,522
Fair value of net identifiable assets acquired		78,350
Goodwill resulting from acquisition	$	141,923