ACQUISITION OF FIRST NATIONAL BANK OF JACKSON (Tables)

12 Months Ended

Dec. 31, 2019

ACQUISITION OF FIRST NATIONAL BANK OF JACKSON [Abstract]

Estimated Amortization of Core Deposit Intangible from Acquisition

The following table presents estimated amortization of the First Bank core deposit intangible as of the acquisition date for 2019 and each of the next five calendar years and thereafter.

2019	$	-
2020		149
2021		127
2022		108
2023		92
2024		86
Thereafter		432
Total core deposit intangible acquired	$	994

Net Assets Acquired

Net assets acquired via the acquisition are shown in the table below.

	First National Bank of Jackson
Cash and due from banks	$	4,589
Federal funds sold		5,108
Securities available for sale		44,747
Loans, net		41,632
Premises and equipment		1,177
Goodwill and other intangible assets		994
Other assets		2,548
Total assets acquired, net of cash paid		100,795
Deposits		(85,606	)
Other liabilities		(629	)
Total liabilities assumed		(86,235	)
Net assets acquired	$	14,560