Note 23 - Pending Acquisition	12 Months Ended
Dec. 31, 2021
Sales/Mergers/Acquisitions
Pending Acquisition	Note 23. Pending Acquisition On November 9, 2021, the Company announced the signing of a definitive agreement whereby the Company will acquire GFED and merge Guaranty Bank, the banking subsidiary of GFED into SFCB, the Company’s Springfield-based charter. The combined bank will operate under the Guaranty Bank name in all Springfield and southwest Missouri markets. As of December 31, 2021, GFED had $1.2 billion in assets, $815 million in loans and $1.0 billion in deposits. Under the terms of the merger agreement, stockholders of GFED will have the right to receive for each share of GFED common stock owned, at the election of each stockholder, and subject to proration and adjustment, (1) $30.50 in cash, (2) 0.58775 shares of the Company’s common stock, or (3) mixed consideration of $6.10 in cash and 0.4702 shares of the Company’s common stock, with total consideration to consist of approximately 80% stock and 20% cash. Based upon the $59.99 closing price of the Company’s common stock as of November 5, 2021, the transaction is valued at approximately $151.6 million. The transaction is subject to regulatory approvals, approval by GFED’s stockholders and certain customary closing conditions. The transaction is expected to close late in the first quarter or early in the second quarter of 2022.

Note 23 - Pending Acquisition

12 Months Ended

Dec. 31, 2021

Note 23. Pending Acquisition

On November 9, 2021, the Company announced the signing of a definitive agreement whereby the Company will acquire GFED and merge Guaranty Bank, the banking subsidiary of GFED into SFCB, the Company’s Springfield-based charter. The combined bank will operate under the Guaranty Bank name in all Springfield and southwest Missouri markets. As of December 31, 2021, GFED had $1.2 billion in assets, $815 million in loans and $1.0 billion in deposits.

Under the terms of the merger agreement, stockholders of GFED will have the right to receive for each share of GFED common stock owned, at the election of each stockholder, and subject to proration and adjustment, (1) $30.50 in cash, (2) 0.58775 shares of the Company’s common stock, or (3) mixed consideration of $6.10 in cash and 0.4702 shares of the Company’s common stock, with total consideration to consist of approximately 80% stock and 20% cash. Based upon the $59.99 closing price of the Company’s common stock as of November 5, 2021, the transaction is valued at approximately $151.6 million. The transaction is subject to regulatory approvals, approval by GFED’s stockholders and certain customary closing conditions. The transaction is expected to close late in the first quarter or early in the second quarter of 2022.