Acquisitions (Tables)

12 Months Ended

Dec. 31, 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
			NOW accounts	207,567
Loans			Savings and money market	274,504
Commercial	352,798		Certificates of deposit	70,529
Residential mortgage	131,008		Total deposits	741,344
Consumer	85,112
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
Interest receivable	2,488
Other assets	112,880
			Total liabilities assumed	$	839,800
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 an estimate of 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 periods ended December 31, 2019 and 2018 as if the Salin acquisition had occurred as of the beginning of the comparable prior reporting periods.

	Years Ended December 31
	2019		2018
Summary of Operations:
Net Interest Income	$	168,693	$	157,194
Provision for Loan Losses	2,276		3,706
Net Interest Income after Provision for Loan Losses	166,417		153,488
Non-interest Income	43,472		39,918
Non-interest Expense	134,446		124,944
Income before Income Taxes	75,443		68,462
Income Tax Expense	13,246		10,216
Net Income	$	62,197	$	58,246
Basic Earnings per Share	$	1.43	$	1.52
Diluted Earnings per Share	$	1.43	$	1.51