v3.26.1
Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination [Line Items]  
Schedule of Estimated Amortization Expense

Estimated amortization expense for each of the next five years and thereafter is as follows:

 

 

 

MSRs

 

 

Core deposit
intangibles

 

 

Total

 

2026(1)

 

$

115

 

 

$

2,015

 

 

$

2,130

 

2027

 

 

152

 

 

 

2,395

 

 

 

2,547

 

2028

 

 

147

 

 

 

1,923

 

 

 

2,070

 

2029

 

 

145

 

 

 

1,218

 

 

 

1,363

 

2030

 

 

144

 

 

 

944

 

 

 

1,088

 

Thereafter

 

 

1,912

 

 

 

1,226

 

 

 

3,138

 

 

$

2,615

 

 

$

9,721

 

 

$

12,336

 

(1) 2026 includes nine months of amortization expense for the period from April 1, 2026 through December 31, 2026.
Farmers Savings Bank [Member]  
Business Combination [Line Items]  
Schedule of Estimated Amortization Expense

As of March 31, 2026, the estimated future amortization expense for the core deposit intangible is as follows:

 

 

 

Core deposit intangibles

 

2026 (1)

 

$

1,130

 

2027

 

 

1,324

 

2028

 

 

1,130

 

2029

 

 

936

 

2030

 

 

743

 

Thereafter

 

 

1,066

 

 

 

$

6,329

 

 

(1) 2026 includes nine months of amortization expense for the period from April 1, 2026 through December 31, 2026.
Summary of Estimated Fair Values of the Assets Acquired and Liabilities

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for FSB.

 

Cash paid

 

 

 

 

$

35,544

 

Common shares issued (1,434,473 shares)

 

 

 

 

 

31,214

 

Total

 

 

 

 

$

66,758

 

 

 

 

 

 

 

 

Net assets acquired:

 

 

 

 

 

 

Cash and due from financial institutions

 

$

185,018

 

 

 

 

Loans, net

 

 

104,200

 

 

 

 

Other securities

 

 

259

 

 

 

 

Premises and equipment

 

 

1,993

 

 

 

 

Accrued interest receivable

 

 

440

 

 

 

 

Core deposit intangible

 

 

6,975

 

 

 

 

Deferred taxes

 

 

(514

)

 

 

 

Other assets

 

 

392

 

 

 

 

Time deposits

 

 

(112,174

)

 

 

 

Noninterest-bearing deposits

 

 

(33,846

)

 

 

 

Interest-bearing deposits

 

 

(90,076

)

 

 

 

Other liabilities

 

 

(827

)

 

 

 

 

 

 

 

 

 

61,840

 

Goodwill resulting from the FSB acquisition

 

 

 

 

$

4,918