Acquisition of a Business (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination [Abstract]

Summary of Fair Values of Assets Acquired and Liabilities Assumed as of Acquisition Date

The following table presents a summary of the fair values of assets acquired and liabilities assumed as of the acquisition date:


Assets
Cash and cash equivalents		$	62,035
Securities available-for-sale			88,574
Loans			149,698
Other real estate owned			168
Other intangible assets			7,880
Bank-owned life insurance			5,012
Deferred tax assets, net			7,457
Other assets			1,167
Total assets acquired			321,991
Liabilities
Deposits			279,192
Accrued expenses and other liabilities			1,442
Total liabilities assumed			280,634
Net assets acquired		$	41,357
Consideration paid
Common stock, net (1,586,542 shares issued at $26.16 per share)			41,303
Cash paid			201
Total consideration paid			41,504
Goodwill		$	147

Summary of Fair Value and Gross Contractual Amounts Receivable and Respective Expected Contractual Cash Flows

The following table presents the fair value and gross contractual amounts receivable of acquired non-credit-deteriorated loans from the acquisition, and their respective expected contractual cash flows as of the acquisition date:


Fair value		$	127,889
Gross contractual amounts receivable			148,674
Estimate of contractual cash flows not expected to be collected			1,184
Estimate of contractual cash flows expected to be collected			147,490

Summary of Pro Forma Information for Results of Operations

The following table provides the unaudited pro forma information for the results of operations for the six months ended June 30, 2025, as if the acquisition had occurred on January 1, 2025. The pro forma results combine the historical results of First Security into our Condensed Consolidated Statements of Operations, including the impact of certain acquisition accounting adjustments, which includes loan discount accretion, intangible assets amortization, and deposit premium amortization. The pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results that would have been obtained had the acquisition actually occurred on January 1, 2025. No assumptions have been applied to the pro forma results of operations regarding possible revenue enhancements, provision for credit losses, expense efficiencies or asset dispositions. Recognized acquisition-related expenses and other adjustments related to the timing of expenses, are included in net income in the following table:


		For the Six Months Ended
		June 30,
(unaudited)		2025
Total revenues (net interest income and non-interest income)		$	217,265
Net income		$	59,513
Earnings per share—basic		$	1.31
Earnings per share—diluted		$	1.31

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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