Business Acquisitions (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Purchase price consideration (dollars in thousands):
Shares of CBAN common stock issued to LBC shareholders as of May 1, 2019	1,053,875
Market price of CBAN common stock on May 1, 2019	$	17.75
Estimated fair value of CBAN common stock issued	18,706
Cash consideration paid	15,315
Total consideration	$	34,021
Assets acquired at fair value:
Cash and cash equivalents	$	15,678
Investments securities available for sale	49,172
Investments securities held to maturity	1,766
Restricted investments	479
Loans	130,568
Premises and equipment	3,009
Core deposit intangible	3,100
Other real estate	243
Prepaid and other assets	6,143
Total fair value of assets acquired	$	210,158
Liabilities assumed at fair value:
Deposits	$	(189,896)
FHLB advances	(1,000)
Payables and other liabilities	(975)
Total fair value of liabilities assumed	$	(191,871)
Net assets acquired at fair value:	$	18,287
Amount of goodwill resulting from acquisition	$	15,734

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.

Purchase price consideration (dollars in thousands):
Cash consideration paid	$	833
Total consideration	$	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
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

(dollars in thousands)
Contractually required principal and interest	$	695
Non-accretable difference	(519)
Cash Flows expected to be collected	176
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 310-30	130,392		132,381		—