Business Combinations (Tables)

3 Months Ended

Sep. 30, 2023

Schedule of unaudited pro forma

	Pro Forma
	For the three months ended
	September 30,
(dollars in thousands)		2023		2022
Revenue	$	41,428	$	47,513
Earnings	$	13,151	$	14,545

Citizens

Schedule of Purchase price

Citizens Bancshares Company
Fair Value of Consideration Transferred
(dollars in thousands)
Cash	$	34,889
Common stock, at fair value		98,280
Total consideration	$	133,169
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	243,225
Investment securities		226,497
Loans		447,388
Premises and equipment		23,430
BOLI		21,733
Identifiable intangible assets		24,645
Miscellaneous other assets		9,366
Deposits		(851,140)
Securities sold under agreements to repurchase		(27,629)
Miscellaneous other liabilities		(7,784)
Total identifiable net assets		109,731
Goodwill	$	23,438