v3.26.3
Note 2 - Business Combinations (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

(In Thousands of Dollars)

 

 

 

 

Consideration

 

 

 

 

Cash

 

$8

 

Stock

 

 

277,355

 

Fair value of total consideration transferred

 

$277,363

 

Fair value of assets acquired

 

 

 

 

Cash and cash equivalents

 

$64,759

 

Securities available for sale

 

 

152,767

 

Loans, net

 

 

1,490,843

 

Premises and equipment

 

 

22,039

 

Bank owned life insurance

 

 

35,715

 

Core deposit intangible

 

 

20,935

 

Current and deferred taxes

 

 

7,169

 

Other assets

 

 

28,184

 

Total assets acquired

 

 

1,822,411

 

Fair value of liabilities assumed

 

 

 

 

Deposits

 

 

1,485,792

 

Short-term borrowings

 

 

145,000

 

Long-term borrowings

 

 

7,223

 

Accrued interest payable and other liabilities

 

 

10,089

 

Total liabilities

 

 

1,648,104

 

Net assets acquired

 

$174,307

 

Goodwill created

 

 

103,056

 

Total net assets acquired

 

$277,363

 

Business Combination, Pro Forma Information [Table Text Block]

 

 

Three months ended

 

 

Nine Months Ended

 

(In Thousands of Dollars)

 

September 30, 2026

 

 

September 30, 2025

 

 

September 30, 2026

 

 

September 30, 2025

 

Net interest income

 

$57,942

 

 

$54,797

 

 

$173,312

 

 

$159,300

 

Noninterest income

 

 

7,927

 

 

 

13,754

 

 

 

37,090

 

 

 

41,378

 

Noninterest expense (1)

 

 

40,536

 

 

 

44,269

 

 

 

127,108

 

 

 

124,717

 

Net income (1)(2)

 

 

20,641

 

 

 

18,913

 

 

 

67,930

 

 

 

59,717