ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2023

ACQUISITIONS

Summary of the estimated fair value of assets acquired and liabilities

	2023						2022
(000s omitted)	Axiom		Other(1)		Total		Elmira		Other(2)		Total
Consideration:
Cash	$	1,819	$	6,482	$	8,301	$	82,179	$	3,477	$	85,656
Contingent consideration		0		1,450		1,450		0		0		0
Total net consideration		1,819		7,932		9,751		82,179		3,477		85,656
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents		0		0		0		84,988		0		84,988
Investment securities		0		0		0		11,305		0		11,305
Loans, net of allowance for credit losses on PCD loans		0		0		0		436,796		0		436,796
Premises and equipment, net		25		41		66		11,303		14		11,317
Accrued interest and fees receivable		0		0		0		882		0		882
Other assets		2		175		177		30,337		0		30,337
Core deposit intangibles		0		0		0		7,970		0		7,970
Other intangibles		1,176		4,714		5,890		0		3,014		3,014
Deposits		0		0		0		(522,295)		0		(522,295)
Other liabilities		(9)		(9)		(18)		(3,596)		(34)		(3,630)
Other Federal Home Loan Bank borrowings		0		0		0		(17,616)		0		(17,616)
Total identifiable assets, net		1,194		4,921		6,115		40,074		2,994		43,068
Goodwill	$	625	$	3,011	$	3,636	$	42,105	$	483	$	42,588

(1) Includes amounts for four OneGroup acquisitions and one Wealth Partners acquisition completed in 2023.

(2) Includes amounts for four OneGroup acquisitions completed in 2022.

Schedule of loans acquired

(000s omitted)	PCD Loans
Par value of PCD loans at acquisition	$	2,184
Allowance for credit losses at acquisition		(71)
Non-credit discount at acquisition		(81)
Fair value of PCD loans at acquisition	$	2,032

Schedule of pro forma financial information

	Pro Forma (Unaudited)
	Three Months Ended		Nine Months Ended
(000’s omitted)	September 30, 2022		September 30, 2022
Total revenue, net of interest expense	$	175,595	$	512,687
Net income		49,016		141,138