XML 76 R62.htm IDEA: XBRL DOCUMENT v3.24.0.1
ACQUISITIONS - Assets Acquired and Liabilities (Details) - USD ($)
$ in Thousands
Feb. 01, 2023
Oct. 01, 2021
Dec. 31, 2023
Dec. 31, 2022
Consideration paid:        
Goodwill     $ 59,820 $ 29,322
Town and Country        
Assets acquired:        
Cash and cash equivalents $ 23,542      
Interest-bearing time deposits with banks 249      
Debt securities 167,869      
Equity securities 301      
Restricted stock 2,822      
Loans held for sale 1,612      
Loans, before allowance for credit losses 635,376      
Allowance for credit losses (1,247)      
Loans, net of allowance for credit losses 634,129      
Bank owned life insurance 15,782      
Bank premises and equipment 14,828      
Foreclosed assets 271      
Intangible assets 22,282      
Mortgage servicing rights 10,469      
Investments in unconsolidated subsidiaries 449      
Accrued interest receivable 3,113      
Other assets 8,940      
Total assets acquired 906,658      
Liabilities assumed:        
Deposits 720,417      
FHLB advances 86,439      
Junior subordinated debentures 14,949      
Other liabilities 5,999      
Total liabilities assumed 827,804      
Net assets acquired 78,854      
Consideration paid:        
Cash 37,996      
Common stock 71,356      
Total consideration paid 109,352      
Goodwill $ 30,498      
NXT Bancorporation, Inc        
Assets acquired:        
Cash and cash equivalents   $ 5,862    
Interest-bearing time deposits with banks   739    
Equity securities   43    
Restricted stock   796    
Loans   194,576    
Bank owned life insurance   7,352    
Bank premises and equipment   3,667    
Intangible assets   199    
Mortgage servicing rights   370    
Accrued interest receivable   886    
Other assets   1,340    
Total assets acquired   234,125    
Liabilities assumed:        
Deposits   181,586    
Securities sold under agreements to repurchase   4,080    
FHLB advances   12,625    
Other liabilities   1,633    
Total liabilities assumed   199,924    
Net assets acquired   34,201    
Consideration paid:        
Cash   10,633    
Common stock   29,270    
Total consideration paid   39,903    
Goodwill   5,702    
Debt securities   18,295    
Fair Value   194,576    
Gross contractual amounts receivable   196,104    
Estimate of contractual cash flows not expected to be collected   $ 1,045