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Acquisitions - (Tables)
9 Months Ended
Sep. 30, 2022
Acquisitions  
Schedule of consideration paid and the amounts of the assets acquired and liabilities assumed

Measurement

As Initially

Period

(Dollar amounts in thousands)

    

Reported

Adjustments

As Adjusted

Consideration

  

  

  

Cash consideration

$

31,358

$

$

31,358

Fair value of total consideration transferred

$

31,358

$

$

31,358

Assets acquired

 

  

 

  

 

  

Cash

$

3,046

$

$

3,046

Investment securities available-for-sale

 

57,054

 

 

57,054

Federal funds sold

 

10,470

 

 

10,470

Bank owned life insurance

 

9,753

 

 

9,753

Federal Home Loan Bank stock

 

1,362

 

 

1,362

Loans

 

227,827

 

 

227,827

Premises and equipment

 

8,180

 

 

8,180

Core deposit intangibles

 

652

 

 

652

Other assets

 

4,567

 

(850)

 

3,717

Total assets acquired

 

322,911

 

(850)

 

322,061

Liabilities assumed

 

  

 

  

 

  

Deposits

 

286,098

 

 

286,098

FHLB advances

 

11,042

 

 

11,042

Other liabilities

 

1,956

 

 

1,956

Total liabilities assumed

 

299,096

 

 

299,096

Net identifiable assets

 

23,815

 

(850)

 

22,965

Goodwill

$

7,543

$

850

$

8,393

Schedule of pro forma financial information

    

Year ended December 31, 

(Dollar amounts in thousands, except per share data)

2021

2020

Net interest income

$

150,806

$

156,051

Net income

$

53,714

$

55,958

Basic and diluted earnings per share

$

4.07

$

4.08