Business Combinations, Asset Acquisitions, Transaction between Entities under Common Control, and Joint Venture Formation (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
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| Business Combination, Recognized Asset Acquired and Liability Assumed |
The table below summarizes the net assets acquired (at fair value) and consideration transferred in connection with the Center acquisition (dollars in thousands): | | | | | | | | | | Consideration paid | | | | Cash paid to shareholders - fractional shares | $ | 1 | | | | | | Shares issued to shareholders (3,016,009 shares) | 46,205 | | | | Total consideration paid | | $ | 46,206 | | | | | | | | | Fair value of assets acquired | | | | Cash and due from banks | 4,672 | | | | Investment securities | 21,396 | | | | FHLB stock | 3,144 | | | | Loans, including loans held for sale | 291,852 | | | | Premises and equipment | 4,276 | | | | Core deposit intangible | 5,355 | | | | Bank owned life insurance | 430 | | | | Other assets | 5,039 | | | | Total assets acquired | | 336,164 | | | | | | Fair value of liabilities assumed | | | | Deposits | 277,980 | | | | Borrowings | 22,785 | | | | Other liabilities | 3,692 | | | | Total liabilities assumed | | 304,457 | | | Total fair value of identifiable net assets | | $ | 31,707 | | | Goodwill | | $ | 14,499 | |
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| Schedule of PCD Loans Purchased in Business Acquisition |
The following table provides details related to the fair value of acquired PCD loans as of April 30, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | Unpaid Principal Balance | | PCD Allowance for Credit Loss at Acquisition | | (Discount) Premium on Acquired Loans | | Fair Value of PCD Loans at Acquisition | | (dollars in thousands) | | Commercial, financial, agricultural and other | $ | 13,302 | | | $ | (1,616) | | | $ | (487) | | | $ | 11,199 | | | Time and demand | 13,302 | | | (1,616) | | | (487) | | | 11,199 | | | | | | | | | | | | | | | | | | | | | | | | | | | Real estate construction | 2,442 | | | (810) | | | (54) | | | 1,578 | | | Construction other | 557 | | | (182) | | | (17) | | | 358 | | | Construction residential | 1,885 | | | (628) | | | (37) | | | 1,220 | | | Residential real estate | 3,845 | | | (45) | | | (138) | | | 3,662 | | | Residential first lien | 3,372 | | | (38) | | | (137) | | | 3,197 | | | Residential junior lien/home equity | 473 | | | (7) | | | (1) | | | 465 | | | Commercial real estate | 9,604 | | | (1,087) | | | (330) | | | 8,187 | | | Multifamily | 1,210 | | | (120) | | | (78) | | | 1,012 | | | Non-owner occupied | 5,330 | | | (943) | | | (184) | | | 4,203 | | | Owner occupied | 3,064 | | | (24) | | | (68) | | | 2,972 | | | Loans to individuals | 30 | | | (2) | | | — | | | 28 | | | Automobile and recreational vehicles | 14 | | | (1) | | | — | | | 13 | | | | | | | | | | | Consumer other | 16 | | | (1) | | | — | | | 15 | | | Total loans and leases | $ | 29,223 | | | $ | (3,560) | | | $ | (1,009) | | | $ | 24,654 | |
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| Schedule of nonPCD Loans Purchased in Business Acquisition |
The following table provides details related to the fair value and Day 1 provision related to the acquired non-PCD loans as of April 30, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | Unpaid Principal Balance | | (Discount) Premium on Acquired Loans | | Fair Value of Non-PCD Loans at Acquisition | | Day 1 Provision for Credit Losses - Non-PCD Loans | | (dollars in thousands) | | Commercial, financial, agricultural and other | $ | 50,555 | | | $ | (2,137) | | | $ | 48,418 | | | $ | 630 | | | Time and demand | 50,535 | | | (2,137) | | | 48,398 | | | 630 | | | | | | | | | | | | | | | | | | | Time and demand other | 20 | | | — | | | 20 | | | — | | | Real estate construction | 32,074 | | | (941) | | | 31,133 | | | 691 | | | Construction other | 18,829 | | | (472) | | | 18,357 | | | 445 | | | Construction residential | 13,245 | | | (469) | | | 12,776 | | | 246 | | | Residential real estate | 82,609 | | | (3,396) | | | 79,213 | | | 665 | | | Residential first lien | 67,906 | | | (3,145) | | | 64,761 | | | 556 | | | Residential junior lien/home equity | 14,703 | | | (251) | | | 14,452 | | | 109 | | | Commercial real estate | 108,843 | | | (3,550) | | | 105,293 | | | 1,389 | | | Multifamily | 17,405 | | | (481) | | | 16,924 | | | 180 | | | Non-owner occupied | 43,927 | | | (1,763) | | | 42,164 | | | 512 | | | Owner occupied | 47,511 | | | (1,306) | | | 46,205 | | | 697 | | | Loans to individuals | 357 | | | (10) | | | 347 | | | 4 | | | Automobile and recreational vehicles | 337 | | | (9) | | | 328 | | | 4 | | | | | | | | | | | Consumer other | 20 | | | (1) | | | 19 | | | — | | | Total loans and leases | $ | 274,438 | | | $ | (10,034) | | | $ | 264,404 | | | $ | 3,379 | |
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