XML 37 R27.htm IDEA: XBRL DOCUMENT v3.23.3
Business Combination and Asset Purchase - Additional Information (Detail)
3 Months Ended 9 Months Ended
Oct. 01, 2022
USD ($)
Office
$ / shares
shares
Oct. 01, 2021
USD ($)
Office
$ / shares
shares
Apr. 30, 2021
USD ($)
Office
$ / shares
shares
Nov. 16, 2020
USD ($)
shares
Jan. 01, 2019
USD ($)
shares
$ / shares
Sep. 30, 2023
USD ($)
shares
Sep. 30, 2023
USD ($)
shares
Sep. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
shares
Nov. 30, 2020
USD ($)
Client
Business Acquisition [Line Items]                    
Common stock, shares outstanding | shares           14,564,425 14,564,425   14,564,425  
Goodwill           $ 86,358,000 $ 86,358,000   $ 86,358,000  
Pro-forma operating revenue, net of tax           316,000 1,000,000      
Amortization expense             1,242,000 $ 597,000    
Core Deposits [Member]                    
Business Acquisition [Line Items]                    
Amortization expense             1,200,000 597,000    
Amortization expense for 2023           1,656,000 1,656,000      
Customer Lists [Member]                    
Business Acquisition [Line Items]                    
Amortization expense             92,000 $ 92,000    
Amortization expense for 2023           123,000 123,000      
Peoples Federal Savings and Loan [Member]                    
Business Acquisition [Line Items]                    
Number of full-service offices | Office 3                  
Common stock issued in exchange of each outstanding share 0.6597                  
Cash payment for exchange of each share | $ / shares $ 24                  
Minimum number of shares to be exchanged under merger agreement | shares 758,566                  
Common stock, shares outstanding | shares 1,167,025                  
Share price | $ / shares $ 26.87                  
Total consideration for acquisition $ 23,249,000                  
Cash paid for the capital stock 9,806,000                  
Stock issued for acquisition 13,446,000                  
Goodwill 5,924,000                  
Fair value of assets acquired 101,800,000                  
Gross principal and contractual interest 116,100,000                  
Acquisition expected to be uncollectible $ 0                  
Loan receivable weighted average life 44 months 12 days                  
Business combination, premises and equipment written up value $ 581,000                  
Business combination, premises and equipment written down value $ 597,000                  
Business combination, average remaining life 12 years 9 months 18 days                  
Fair value for certificate of deposit, valuation amount $ 662,000                  
Fair value for certificate of deposit, amortization period 1 year 1 month 6 days                  
Fair value of Federal Home Loan Bank (FHLB) advances, valuation amount $ 69,000                  
Fair value of Federal Home Loan Bank (FHLB) advances, amortization period 5 years 2 months 12 days                  
Peoples Federal Savings and Loan [Member] | Core Deposits [Member]                    
Business Acquisition [Line Items]                    
Recognition of core deposit intangible asset with acquired purchase $ 6,000,000                  
Remaining economic useful life 7 years                  
Recognition of core deposit tangible asset with acquired purchase             6,000,000      
Amortization expense for 2023           861,000 861,000      
Perpetual Federal Savings Bank [Member]                    
Business Acquisition [Line Items]                    
Number of full-service offices | Office   1                
Common stock issued in exchange of each outstanding share   1.7766                
Cash payment for exchange of each share | $ / shares   $ 41.20                
Business acquisition share owned subject to adjustment | shares   1,833,999                
Common stock, shares outstanding | shares   2,470,032                
Share price | $ / shares   $ 22.4                
Total consideration for acquisition   $ 100,312,000                
Cash paid for the capital stock   59,234,000                
Stock issued for acquisition   41,078,000                
Goodwill   25,220,000                
Fair value of assets acquired   334,700,000                
Gross principal and contractual interest   403,300,000                
Acquisition expected to be uncollectible   $ 5,600,000                
Loan receivable weighted average life   52 months                
Business combination, premises and equipment written down value   $ 4,000                
Business combination, average remaining life   16 years 2 months 12 days                
Fair value for certificate of deposit, valuation amount   $ 3,900,000                
Fair value for certificate of deposit, amortization period   1 year 7 months 6 days                
Fair value of Federal Home Loan Bank (FHLB) advances, valuation amount   $ 218,000                
Fair value of Federal Home Loan Bank (FHLB) advances, amortization period   2 years 7 months 6 days                
Perpetual Federal Savings Bank [Member] | Building [Member]                    
Business Acquisition [Line Items]                    
Business combination, premises and equipment written down value   $ 297,000                
Perpetual Federal Savings Bank [Member] | Core Deposits [Member]                    
Business Acquisition [Line Items]                    
Recognition of core deposit intangible asset with acquired purchase   $ 668,000                
Remaining economic useful life   7 years                
Amortization expense for 2023           95,000 95,000      
Ossian State Bank [Member]                    
Business Acquisition [Line Items]                    
Number of full-service offices | Office     2              
Ossian State Bank [Member] | Core Deposits [Member]                    
Business Acquisition [Line Items]                    
Recognition of core deposit tangible asset with acquired purchase             980,200      
Ossian Financial Services, Inc. [Member]                    
Business Acquisition [Line Items]                    
Cash payment for exchange of each share | $ / shares     $ 67.71              
Common stock, shares outstanding | shares     295,388              
Total consideration for acquisition     $ 20,001,000              
Cash paid for the capital stock     20,001,000              
Goodwill     7,874,000              
Fair value of assets acquired     52,400,000              
Gross principal and contractual interest     63,700,000              
Acquisition expected to be uncollectible     $ 1,100,000              
Loan receivable weighted average life     52 months              
Business combination, premises and equipment written down value     $ 596,000              
Business combination, average remaining life     39 years              
Fair value for certificate of deposit, valuation amount     $ 59,000              
Fair value for certificate of deposit, amortization period     1 year 4 months 24 days              
Goodwill deductible for tax purpose, period     15 years              
Ossian Financial Services, Inc. [Member] | Building [Member]                    
Business Acquisition [Line Items]                    
Business combination, premises and equipment written down value     $ 244,000              
Ossian Financial Services, Inc. [Member] | Core Deposits [Member]                    
Business Acquisition [Line Items]                    
Recognition of core deposit intangible asset with acquired purchase     $ 980,200              
Remaining economic useful life     7 years              
Amortization expense for 2023           $ 140,000 140,000      
Bank of Geneva [Member] | Core Deposits [Member]                    
Business Acquisition [Line Items]                    
Recognition of core deposit intangible asset with acquired purchase             $ 3,900,000      
Remaining economic useful life           7 years 7 years      
Limberlost Bancshares, Inc. [Member]                    
Business Acquisition [Line Items]                    
Common stock issued in exchange of each outstanding share | shares         1,830          
Cash payment for exchange of each share | $ / shares         $ 8,465          
Common stock, shares outstanding | shares         1,000          
Share price | $ / shares         $ 38.49          
Total consideration for acquisition         $ 78,900,000          
Cash paid for the capital stock         8,500,000          
Stock issued for acquisition         70,400,000          
Goodwill         43,300,000          
Limberlost Bancshares, Inc. [Member] | Core Deposits [Member]                    
Business Acquisition [Line Items]                    
Recognition of core deposit intangible asset with acquired purchase         $ 3,900,000          
Remaining economic useful life         7 years          
Perpetual Federal Savings Bank [Member] | Core Deposits [Member]                    
Business Acquisition [Line Items]                    
Recognition of core deposit tangible asset with acquired purchase             $ 668,000      
Adams County Financial Resources [Member]                    
Business Acquisition [Line Items]                    
Total consideration for acquisition       $ 825,000            
Common stock issued in exchange of each outstanding share | shares       40,049            
Assets under management amount                   $ 83,000,000
Number of clients assets under management | Client                   450
Adams County Financial Resources [Member] | Customer Lists [Member]                    
Business Acquisition [Line Items]                    
Recognition of core deposit intangible asset with acquired purchase       $ 800,000            
Remaining economic useful life       6 years 6 months            
Amortization expense for 2023           $ 123,000 $ 123,000