XML 44 R30.htm IDEA: XBRL DOCUMENT v3.25.1

Acquisition and Divestiture Activity (Tables)

3 Months Ended

Mar. 31, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Summary of Business Acquisition

The following table presents a summary of the valuation of the assets acquired and liabilities assumed and the fair value of consideration as of the merger date:

(dollars and shares in thousands)			April 1, 2024
Assets
Cash and cash equivalents			$	177,791
Investment securities			342,490
FHLB/Federal Reserve Bank stock			14,426
Loans held-for-sale			21,159
Loans, net of allowance for credit losses			2,120,627
Premises and equipment			22,481
Goodwill			176,535
Other intangible assets			46,125
Company-owned life insurance			91,475
Other assets			95,922
Total assets			$	3,109,031
Liabilities
Deposits			$	2,560,124
Federal Home Loan Bank advances			75,000
Other borrowings			30,000
Accrued expenses and other liabilities			26,309
Total liabilities			$	2,691,433
Fair value of consideration
Common stock (24,014 shares issued at $17.41 per share)			$	417,598
Total consideration			$	417,598

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration