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Business Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
(dollars in thousands, except market price)Initial Fair Value Adjustments
Subsequent Adjustments (1)
Final Balance
Purchase price consideration:
Shares of CBAN common stock issued to LBC shareholders as of May 1, 20191,053,875 1,053,875 1,053,875 
Market price of CBAN common stock on May 1, 2019$17.75 $(0.46)$17.29 
Estimated fair value of CBAN common stock issued18,706 (485)18,221 
Cash consideration paid15,315 — 15,315 
Total consideration$34,021 $(485)$33,536 
Assets acquired at fair value:
Cash and cash equivalents$15,678 $— $15,678 
Investments securities available for sale49,172 — 49,172 
Investments securities held to maturity1,766 — 1,766 
Restricted investments479 — 479 
Loans130,568 — 130,568 
Premises and equipment3,009 — 3,009 
Core deposit intangible3,100 — 3,100 
Other real estate 243 — 243 
Prepaid and other assets6,143 — 6,143 
Total fair value of assets acquired$210,158 $— $210,158 
Liabilities assumed at fair value:
Deposits$(189,896)$— $(189,896)
FHLB advances(1,000)— (1,000)
Payables and other liabilities(975)— (975)
Total fair value of liabilities assumed$(191,871)$— $(191,871)
Net assets acquired at fair value:$18,287 $— $18,287 
Amount of goodwill resulting from acquisition$15,734 $(485)$15,249 
(1) Subsequent adjustments were done within the one year period allowed after the acquisition.
The Company continues its evaluation of the facts and circumstances available as of May 1, 2019, to assign fair values to assets acquired and liabilities assumed, which could result in further adjustments to the fair values presented below.
(dollars in thousands)
Purchase price consideration:
Cash consideration paid$833 
Total consideration$833 
Assets acquired at fair value:
Premises and equipment$78 
Premium on loan commitments209 
Other assets5 
Total fair value of assets acquired$292 
Liabilities assumed at fair value:
Total fair value of liabilities assumed$— 
Net assets acquired at fair value:$292 
Amount of goodwill resulting from acquisition$541 
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of the acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments.
(dollars in thousands)
Contractually required principal and interest$695 
Non-accretable difference(519)
Cash Flows expected to be collected176 
Accretable yield— 
Total purchased credit-impaired loans acquired$176 
Schedule of Business Acquisitions by Acquisition, Acquired Loan Data
The following table presents the acquired loan data for the LBC acquisition.
(dollars in thousands)Fair Value of
Acquired Loans at
Acquisition Date		Gross Contractual
Amounts Receivable
at Acquisition Date		Estimate at
Acquisition Date of
Contractual Cash
Flows Not Expected
to be Collected
Acquired receivables subject to ASC 310-30$176 $695 $519 
Acquired receivables not subject to ASC 310-30130,392 132,381 —