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Note 3 - Acquisition - Net Adjustments to Allowance for Credit Losses (Details) - Kentucky Bancshares [Member] - USD ($)
$ in Thousands
Jun. 01, 2021
May 31, 2021
Allowance for credits losses on loans $ 6,757 $ 6,757 [1]
Allowance for credits losses on loans (6,757) (6,757) [1]
As Recorded By Acquiree [Member]    
Allowance for credits losses on loans 9,491 9,491 [1]
Allowance for credits losses on loans (9,491) (9,491) [1]
As Adjusted By Acquirer [Member]    
Allowance for credits losses on loans 2,734 (2,734) [2],[3]
Allowance for credits losses on loans $ (2,734) $ 2,734 [2],[3]
[1] Adjustments to loans to reflect estimated fair value adjustments, including the following: (in thousands) Fair value adjustment - acquired non PCD loans $ 228 Fair value adjustment - acquired PCD loans (735 ) Eliminate unrecognized loan fees on acquired loans and fair value hedge (250 ) Net loan fair value adjustments $ (757 )
[2] See the following page for explanations or individual fair value and recast adjustments.
[3] The net adjustment to allowance for credit losses includes the following: (in thousands) Reversal of historical KB allowance for credit losses on loans $ 9,491 Estimate of lifetime credit losses for PCD loans (6,757 ) Net change in allowance for credit losses $ 2,734