v3.26.1
Acquisition (Tables) - Bancorp Financial
6 Months Ended
Jun. 30, 2026
Acquisition  
Summary of acquisition

Bancorp Financial Transaction Summary

As of Date of Transaction

July 1, 2025

Assets

Cash and due from banks

$

59,385

Securities available-for-sale and held-to-maturity, at fair value

119,117

FHLBC stock

1,958

Loans, net of purchase accounting adjustments

1,195,739

Premises and equipment

2,513

Core deposit intangible

6,206

Bank-owned life insurance ("BOLI")

13,916

Deferred tax assets

13,642

Other assets

14,764

Total assets

$

1,427,240

Liabilities

Noninterest bearing demand

$

73,744

Interest bearing deposits

1,158,778

Total deposits

1,232,522

Short-term borrowings

15,500

Long-term debt

14,800

Deferred tax liabilities

-

Other liabilities

10,978

Total liabilities

1,273,800

Cash consideration paid

48,884

Stock issued for acquisition

140,520

Total consideration

189,404

Total liabilities assumed and cash consideration received for transaction

$

1,463,204

Goodwill

$

35,964

Schedule of Purchase price of loans at acquisition

As of

Bancorp Financial Acquired PCD Loans

July 1, 2025

Par value of acquired loans

$

89,870

Allowance for credit losses

(17,540)

Non-credit premium

722

Purchase price of PCD loans at acquisition

$

73,052