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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table represents a preliminary allocation of merger consideration to the assets and liabilities of PMB as of October 18, 2021 and the preliminary fair value amounts at acquisition date:
($ in thousands) |  |  |  |  |  | Fair Value(1)
Assets acquired: |  |  |  |  |  |
Cash and due from banks |  |  |  |  |  | $ | 3,196 |
Interest-earning deposits in financial institutions |  |  |  |  |  | 475,554 |
Loans receivable |  |  |  |  |  | 962,856 |
Allowance for credit losses |  |  |  |  |  | (13,622) |
Premises and equipment, net |  |  |  |  |  | 314 |
Operating lease right-of-use assets |  |  |  |  |  | 9,212 |
Other intangible assets, net |  |  |  |  |  | 5,054 |
Income tax receivable |  |  |  |  |  | 2,035 |
Deferred income tax, net |  |  |  |  |  | 10,660 |
Bank owned life insurance investment |  |  |  |  |  | 9,043 |
Other assets |  |  |  |  |  | 20,302 |
Total assets acquired |  |  |  |  |  | $ | 1,484,604 |
Liabilities assumed: |  |  |  |  |  |
Deposits |  |  |  |  |  | $ | 1,284,714 |
Long term debt, net |  |  |  |  |  | 17,527 |
Lease liability |  |  |  |  |  | 9,441 |
Accrued expenses and other liabilities |  |  |  |  |  | 4,695 |
Total liabilities assumed |  |  |  |  |  | 1,316,377 |
Excess of assets acquired over liabilities assumed |  |  |  |  |  | 168,227 |
Consideration paid |  |  |  |  |  | 225,384 |
Goodwill |  |  |  |  |  | $ | 57,157 |
(1)Estimated fair values are preliminary and subject to adjustment for a period of up to one year after the acquisition date as additional information related to fair value may become available.
Business Acquisition, Pro Forma Information | The following table presents the total amounts of revenue and earnings of PMB since the acquisition included in our results of operations:
|  | Year Ended December 31,
($ in thousands) |  | 2021 |  |
Net interest income |  | $ | 7,430 |  |  |
Noninterest income |  | 528 |  |  |
Total revenue |  | $ | 7,958 |  |  |
Net loss |  | $ | (18,649) |  |  |
|  | Year Ended December 31,
($ in thousands) |  | 2021 |  | 2020
Supplemental unaudited pro forma financial information: |  |  |  |
Net interest income |  | $ | 287,755 |  |  | $ | 279,617 |
Noninterest income |  | 24,468 |  |  | 24,855 |
Total revenue |  | 312,223 |  |  | 304,472 |
Net income |  | $ | 85,517 |  |  | $ | 16,586 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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