Business Combinations, Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations, Goodwill and Intangible Assets [Abstract]

Schedule of Total Consideration Transferred and Fair Value of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the total consideration transferred as a part of the Citizens First acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction.

Consideration
Cash for Options and Fractional Shares	$	216
Cash Consideration	15,294
Equity Instruments	50,118
Fair Value of Total Consideration Transferred	$	65,628
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Cash	$	21,055
Interest-bearing Time Deposits with Banks	2,231
Securities	43,839
Loans	356,970
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost	2,065
Premises, Furniture & Equipment	10,772
Other Real Estate	—
Intangible Assets	4,547
Company Owned Life Insurance	8,796
Accrued Interest Receivable and Other Assets	3,863
Deposits - Non-interest Bearing	(52,521)
Deposits - Interest Bearing	(318,966)
FHLB Advances and Other Borrowings	(31,068)
Accrued Interest Payable and Other Liabilities	(3,694)
Total Identifiable Net Assets	$	47,889
Goodwill	$	17,739

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the periods ended December 31, 2021, 2020, and 2019, were classified as follows:

	2021		2020		2019
Beginning of Year	$	121,956	$	121,306	$	103,681
Acquired Goodwill	—		650		17,625
Adjustments	(195)		—		—
End of Year	$	121,761	$	121,956	$	121,306

Schedule of Acquired Intangible Assets

Acquired Intangible Assets

Acquired intangible assets were as follows as of year end:

	2021
	Gross Amount		Accumulated Amortization
Core Banking
Core Deposit Intangible	$	25,675	$	(21,320)
Branch Acquisition Intangible	257		(257)
Insurance
Customer List	5,408		(5,348)
Total	$	31,340	$	(26,925)

	2020
	Gross Amount		Accumulated Amortization
Core Banking
Core Deposit Intangible	$	25,780	$	(18,619)
Branch Acquisition Intangible	257		(257)
Insurance
Customer List	5,408		(5,318)
Total	$	31,445	$	(24,194)

Schedule of Estimated Amortization Expense of Intangibles

Estimated amortization expense for each of the next five years is as follows:

2022	$	1,947
2023	1,310
2024	736
2025	332
2026	89