XML 32 R23.htm IDEA: XBRL DOCUMENT v3.23.2
Business Combination (Tables)
 6 Months Ended
Jun. 30, 2023
Business Combinations [Abstract]  
Summary of the Final Estimated Fair Value of the Assets Acquired and Liabilities and Equity Assumed
Estimated fair values of the assets acquired and liabilities assumed in the Brunswick Acquisition as of the closing date are as follows:
(In thousands)
Assets acquired:
Cash and cash equivalents$21,029 
Federal funds sold7,604 
Investment securities2,174 
Loans324,471 
Goodwill15,172 
Core deposit intangible999 
Premises and equipment5,315 
Cash surrender value of life insurance3,361 
Deferred income taxes6,792 
Accrued interest receivable1,171 
Other assets3,860 
Total assets acquired391,948 
Liabilities assumed:
Deposits:
Noninterest-bearing demand68,545 
Interest-bearing demand5,345 
Money Market47,362 
Savings14,203 
Time147,164 
Long-term debt60,137 
Accrued interest payable1,911 
Other liabilities1,621 
Total liabilities assumed346,288 
Consideration paid$45,660 
Cash paid$27,565 
Fair value of common stock issued18,095