v3.26.3
Note 2 - Business Combination (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Business Combination [Table Text Block]

 

 

As of

 

 

Measurement

 

 

As Adjusted

 

 

 

June 1, 2025

 

 

Period Adjustments

 

 

June 1, 2025

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total purchase price consideration

 

$270,828

 

 

$-

 

 

$270,828

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Assets Acquired:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

54,869

 

 

 

-

 

 

 

54,869

 

Available-for-sale securities

 

 

596,702

 

 

 

-

 

 

 

596,702

 

Loans receivable, net

 

 

2,882,951

 

 

 

-

 

 

 

2,882,951

 

Restricted stock, at cost

 

 

24,276

 

 

 

-

 

 

 

24,276

 

Premises and equipment, net

 

 

45,895

 

 

 

-

 

 

 

45,895

 

Bank-owned life insurance

 

 

118,098

 

 

 

-

 

 

 

118,098

 

Pension plan assets

 

 

11,617

 

 

 

-

 

 

 

11,617

 

Core deposit intangible

 

 

63,206

 

 

 

-

 

 

 

63,206

 

Other assets

 

 

107,480

 

 

 

(4,624)

 

 

102,856

 

Total assets acquired

 

$3,905,094

 

 

$(4,624)

 

$3,900,470

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Liabilities Assumed:

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

3,251,147

 

 

 

-

 

 

 

3,251,147

 

Borrowings

 

 

360,405

 

 

 

-

 

 

 

360,405

 

Other liabilities

 

 

29,953

 

 

 

-

 

 

 

29,953

 

Total liabilities assumed

 

$3,641,505

 

 

$-

 

 

$3,641,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net assets acquired

 

$263,589

 

 

$(4,624)

 

$258,965

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill recorded in acquisition

 

$7,239

 

 

$4,624

 

 

$11,863