v3.26.3
Acquisition (Tables) - Bancorp Financial
9 Months Ended
Sep. 30, 2026
Acquisition  
Summary of acquisition

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Bancorp Financial Transaction Summary

As of Date of Transaction

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July 1, 2025

Assets

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Cash and due from banks

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$

59,385

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

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119,117

FHLBC stock

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1,958

Loans, net of purchase accounting adjustments

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1,195,739

Premises and equipment

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2,513

Core deposit intangible

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6,206

Bank-owned life insurance ("BOLI")

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13,916

Deferred tax assets

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13,642

Other assets

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14,764

Total assets

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$

1,427,240

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Liabilities

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Noninterest bearing demand

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$

73,744

Interest bearing deposits

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1,158,778

Total deposits

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1,232,522

Short-term borrowings

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15,500

Long-term debt

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14,800

Deferred tax liabilities

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-

Other liabilities

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10,978

Total liabilities

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1,273,800

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Cash consideration paid

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48,884

Stock issued for acquisition

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140,520

Total consideration

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189,404

Total liabilities assumed and cash consideration received for transaction

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$

1,463,204

Goodwill

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$

35,964

Schedule of Purchase price of loans at acquisition

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As of

Bancorp Financial Acquired PCD Loans

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July 1, 2025

Par value of acquired loans

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$

89,870

Allowance for credit losses

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(17,540)

Non-credit premium

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722

Purchase price of PCD loans at acquisition

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$

73,052