Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

Business combinations:

Schedule of Fair Value of Identifiable Assets Acquired and Liabilities [Table Text Block]

In connection with the acquisition, the consideration paid and the fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition are summarized in the following table:

	As of January 2, 2019
	(in thousands)
Consideration paid:
Common stock issued in acquisition	$	56,025
Assets acquired:
Cash and cash equivalents		13,741
Securities available-for-sale		121,672
Commercial loans, net		116,525
Commercial real estate loans, net		174,069
Construction loans, net		46,383
Residential loans, net		25,622
Consumer loans, net		315
Premises and equipment, net		1,624
Accrued interest receivable		2,434
Core deposit intangibles		5,131
Other assets		26,650
Total assets acquired		534,166
Liabilities assumed:
Deposits		416,110
Borrowings		64,186
Other liabilities		8,179
Total liabilities assumed		488,475
Net assets acquired		45,691
Goodwill recorded in acquisition	$	10,334

Schedule of GHB Acquisition [Table Text Block]

The following is a summary of the loans accounted for in accordance with ASC 310-30 that were acquired in the GHB acquisition as of the Merger date:

	As of January 2, 2019
	(in thousands)
Contractually required principal and interest acquisition	$	19,874
Contractual cash flows not expected to be collected (non-accretable discount)		(12,167	)
Expected cash flows at acquisition		7,707
Interest component of expected cash flows (accretable discount)		(1,286	)
Fair value of purchased credit – impaired loans	$	6,421