Business Combination - Summary of Allocation of Purchase Price (Details) - USD ($) $ in Thousands |
Mar. 01, 2025 |
Jun. 30, 2025 |
Dec. 31, 2024 |
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Business Acquisition [Line Items] | |||
Goodwill | $ 126,730 | $ 59,946 | |
Fentura Financial, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Consideration | $ 192,992 | ||
Cash and cash equivalents | 173,082 | ||
Securities available for sale | 90,696 | ||
Federal Home Loan Bank and Federal Reserve Bank stock | 9,179 | ||
Originated loans | 1,376,721 | ||
Premises and equipment | 16,664 | ||
Other real estate owned | 1,735 | ||
Intangible assets | 34,737 | ||
Other assets | 48,815 | ||
Total assets | 1,751,629 | ||
Non-interest bearing deposits | 404,497 | ||
Interest bearing deposits | 1,027,384 | ||
Total deposits | 1,431,881 | ||
Borrowing | 169,786 | ||
Subordinated debentures | 12,344 | ||
Other liabilities | 11,410 | ||
Total liabilities | 1,625,421 | ||
Net assets acquired | 126,208 | ||
Goodwill | $ 66,784 |
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- Definition Business combination recognized identifiable assets acquired and liabilities assumed borrowing. No definition available.
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- Definition The amount of financial assets (as defined) recognized as of the federal home loan bank and federal reserve bank stock. No definition available.
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- Definition The amount of liability arising from interest bearing deposits. No definition available.
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- Definition The amount of financial assets (as defined) recognized as non-interest bearing deposits. No definition available.
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- Definition The amount of financial assets (as defined) recognized as of the originated loans. No definition available.
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- Definition The amount of financial assets (as defined) recognized as of the other real estate owned. No definition available.
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- Definition Business combination recognized identifiable assets acquired and liabilities assumed subordinated debentures. No definition available.
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- Definition The amount of liability arising from total deposits. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of asset acquired in business combination and recognized at acquisition date. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash and cash equivalent acquired in business combination and recognized at acquisition date. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of investment in debt and equity securities acquired in business combination and recognized at acquisition date, classified as current. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of identifiable indefinite-lived intangible asset acquired in business combination and recognized at acquisition date. Excludes goodwill and financial asset. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liability assumed in business combination and recognized at acquisition date. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of asset acquired in excess of (less than) liability assumed in business combination and recognized at acquisition date. Excludes goodwill. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of liability assumed in business combination and recognized at acquisition date, classified as other and noncurrent. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of asset acquired in business combination and recognized at acquisition date, classified as other and noncurrent. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of property, plant, and equipment acquired in business combination and recognized at acquisition date. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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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- Details
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