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Subsequent Event
12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
Effective January 31, 2024, the Company completed the acquisition of Community Financial Group, Inc. (“CFGW”) and its wholly-owned subsidiary, Wheatland Bank, a community bank based in Spokane, Washington (collectively, “CFGW”). The acquisition resulted in the Company issuing 2,389,684 shares of its common stock. CFGW provides banking services to individuals and businesses throughout Washington with locations in Spokane, Ellensburg, Quincy, Moses Lake, Odessa, Ritzville, Yakima, Pasco, Chelan, Wenatchee, Spokane Valley, Davenport, and Wilbur. As of Janaury 31, 2024, CFGW had total assets of $728,591,000, gross loans of $464,070,000 and total deposits of $611,664,000. The Wheatland Bank operations will be combined with the North Cascades Bank division and the combined operations will begin to operate under the name Wheatland Bank in the second quarter of 2024.
On February 12, 2024, the Company announced the signing of a definitive agreement between the Bank and HTLF Bank pursuant to which the Bank will acquire six Montana branch locations of the Rocky Mountain Bank Division of HTLF Bank. The acquisition is subject to required regulatory approvals and other customary conditions of closing and is anticipated to be completed in the third quarter of 2024. Upon closing of the transaction, the branches will join existing divisions of the Bank operating in Montana.