XML 46 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Business Acquisitions - Assets and Liabilities Acquired (Details) - USD ($)
$ / shares in Units, $ in Thousands
9 Months Ended 12 Months Ended
May 01, 2019
Sep. 30, 2020
Sep. 30, 2019
May 01, 2020
Dec. 31, 2019
Purchase price consideration:          
Cash consideration paid   $ 0 $ 467    
Assets acquired at fair value:          
Amount of goodwill resulting from acquisition   $ 15,992     $ 16,477
LBC Bancshares, Inc          
Purchase price consideration:          
Shares of CBAN common stock issued to LBC shareholders (in shares) 1,053,875 1,053,875      
Market Price of CBAN Common Stock on May 1, 2019 (in dollars per share) $ 17.75 $ 17.29      
Estimated fair value of CBAN common stock issued $ 18,706 $ 18,221      
Cash consideration paid 15,315 15,315      
Total purchase price for PFB branch acquisition 34,021 33,536      
Assets acquired at fair value:          
Cash and cash equivalents 15,678 15,678      
Investments securities available for sale 49,172 49,172      
Investments securities held to maturity 1,766 1,766      
Restricted investments 479 479      
Loans 130,568 130,568      
Premises and equipment 3,009 3,009      
Core deposit intangible 3,100 3,100      
Other real estate 243 243      
Prepaid and other assets 6,143 6,143      
Total fair value of assets acquired 210,158 210,158      
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 $ 15,249      
Subsequent Adjustments          
Shares of CBAN common stock issued to LBC shareholders (in shares)       1,053,875  
Market price of CBAN common stock on May 1, 2019 (in dollars per share)       $ (0.46)  
Estimated fair value of CBAN common stock issued       $ (485)  
Total consideration       (485)  
Goodwill       $ (485)  
PFB Mortgage          
Purchase price consideration:          
Cash consideration paid 833        
Total purchase price for PFB branch acquisition 833        
Assets acquired at fair value:          
Premises and equipment 78        
Premium on loan commitments 209        
Other assets 5        
Total fair value of assets acquired 292        
Total fair value of liabilities assumed 0        
Net assets acquired at fair value: 292        
Amount of goodwill resulting from acquisition $ 541