Acquisitions (Tables)

9 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Assets			Liabilities
Cash and due from banks	$	152,745	Deposits
Investment securities, available for sale	54,319		Non–interest bearing	$	188,744
Loans			NOW accounts	207,567
Commercial	352,798		Savings and money market	274,504
Residential mortgage	131,008		Certificates of deposit	70,529
Consumer	85,112		Total deposits	741,344
Total loans	568,918		Borrowings	70,495
Premises and equipment, net	20,425		Subordinated debentures	18,376
FRB and FHLB stock	3,571		Interest payable	826
Goodwill	31,358		Other liabilities	8,759
Core deposit intangible	19,818		Total liabilities assumed	$	839,800
Interest receivable	2,488
Other assets	112,880
Total assets purchased	$	966,522
Common shares issued	$	102,722
Cash paid	24,000
Total purchase price	$	126,722

Schedule of Acquired Loans Accounted for in Accordance with ASC 310-30

The following table details the acquired loans that are accounted for in accordance with ASC 310–30 as of March 26, 2019.

Contractually required principal and interest at acquisition	$	22,672
Contractual cash flows not expected to be collected (nonaccretable differences)	6,694
Expected cash flows at acquisition	15,978
Interest component of expected cash flows (accretable discount)	735
Fair value of acquired loans accounted for under ASC310-30	$	15,243

Pro Forma Result of Comparable Prior Reporting Period

The following schedule includes pro–forma results for the three and nine months ended September 30, 2019 as if the Salin acquisition had occurred as of the beginning of the comparable prior reporting period.

	Three Months Ended		Nine Months Ended
	September 30		September 30
	2019		2019
Summary of Operations:
Net Interest Income	$	43,463	$	127,174
Provision for Loan Losses	376		1,936
Net Interest Income after Provision for Loan Losses	43,087		125,238
Non-interest Income	11,514		31,538
Non-interest Expense	30,060		103,796
Income before Income Taxes	24,541		52,980
Income Tax Expense	4,004		9,326
Net Income	20,537		43,654
Net Income Available to Common Shareholders	$	20,537	$	43,654
Basic Earnings per Share	$	0.46	$	0.97
Diluted Earnings per Share	$	0.46	$	0.97