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Note 2 - Sales-Mergers-Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
Bates Companies  
Notes Tables  
Schedule of assets and liabilities sold

As of

    

August 12, 2020

(dollars in thousands)

ASSETS

Cash and due from banks

$

349

Premises and equipment, net

19

Other assets

2,259

Total assets sold

$

2,627

LIABILITIES

Other liabilities

$

946

Total liabilities sold

$

946

Net assets sold

$

1,681

Cash consideration

$

195

Forgiveness of earn-out consideration

880

Note receivable consideration

448

Loss on sale of subsidiary

$

158

RB&T Company  
Notes Tables  
Schedule of assets and liabilities sold

    

As of

11/30/2019

(dollars in thousands)

ASSETS

Cash and due from banks

$

3,973

Interest-bearing deposits at financial institutions

 

55,291

Securities held to maturity, at amortized cost

3,243

Securities available for sale, at fair value

 

21,874

Loans/leases receivable held for investment, net

 

357,931

Premises and equipment, net

 

5,612

Restricted investment securities

 

675

Other real estate owned, net

 

2,134

Other assets

 

3,228

Total assets acquired

$

453,961

LIABILITIES

 

  

Noninterest-bearing deposits

$

69,802

Interest-bearing deposits

331,486

Short-term borrowings

 

1,158

FHLB advances

 

15,000

Other liabilities

2,241

Total liabilities assumed

$

419,687

Net assets sold

$

34,274

Cash consideration received

$

46,560

Gain on sale of assets and liabilities

$

12,286