Business Combinations - Estimated Fair Values of the Assets Acquired and the Liabilities Assumed (Details) - Lakeland Bancorp, Inc. - Merger Agreement - USD ($) $ in Thousands |
Mar. 31, 2025 |
May 16, 2024 |
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Assets acquired: | ||
Cash and cash equivalents, net | $ 194,548 | |
Available for sale debt securities | 1,585,993 | |
Federal Home Loan Bank stock | 46,113 | |
Loans held for sale | 1,494 | |
Loans held for investment | 7,906,326 | |
Allowance for credit losses on PCD loans | (17,188) | |
Loans, net | 7,889,138 | |
Bank-owned life insurance | 160,646 | |
Banking premises and equipment | 60,578 | |
Accrued interest receivable | 27,241 | |
Goodwill | $ 180,400 | 180,446 |
Other intangibles assets | 209,915 | |
Other assets | 236,481 | |
Total assets acquired | 10,592,593 | |
Liabilities assumed: | ||
Deposits | 8,622,924 | |
Mortgage escrow deposits | 5,532 | |
Borrowed funds | 785,927 | |
Subordinated debentures | 166,366 | |
Other liabilities | 135,066 | |
Total liabilities assumed | 9,715,815 | |
Net assets acquired | $ 876,779 |
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- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accrued Interest Receivable No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired, and Liabilities Assumed, Assets And Goodwill No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Bank Owned Life Insurance No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Borrowed Funds No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities, Available-for-sale Debt Securities No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Stock No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Financing Receivable, Excluding Accrued Interest, After Allowance For Credit Loss No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Financing Receivable, Excluding Accrued Interest, Allowance For Credit Loss No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Financing Receivable, Excluding Accrued Interest, Before Allowance For Credit Loss No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Financing Receivable, Held-For-Sale No definition available.
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- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Escrow Deposits No definition available.
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of intangible assets, excluding goodwill, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of long-term debt due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Details
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