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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The fair value amounts of identified assets acquired and liabilities assumed as part of the Deepstack Acquisition are as follows:
($ in thousands) |  |  |  |  |  | Fair Value
Assets acquired: |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  | $ | 4,068 |
Other intangibles |  |  |  |  |  | 3,800 |
Other assets |  |  |  |  |  | 1,385 |
Total assets acquired |  |  |  |  |  | $ | 9,253 |
Liabilities assumed: |  |  |  |  |  |
Accounts payable |  |  |  |  |  | $ | 3,443 |
Total liabilities assumed |  |  |  |  |  | 3,443 |
Excess of assets acquired over liabilities assumed |  |  |  |  |  | $ | 5,810 |
Total consideration |  |  |  |  |  | 24,000 |
Goodwill |  |  |  |  |  | $ | 18,190 |
The following table represents the allocation of merger consideration to the assets and liabilities of PMB as of October 18, 2021 and the fair value amounts at acquisition date:
($ in thousands) |  |  |  |  |  | Fair Value
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(1) |  |  |  |  |  | 4,074 |
Income tax receivable |  |  |  |  |  | 2,035 |
Deferred income tax, net(1) |  |  |  |  |  | 9,819 |
Bank owned life insurance |  |  |  |  |  | 9,043 |
Other assets |  |  |  |  |  | 20,302 |
Total assets acquired |  |  |  |  |  | $ | 1,482,783 |
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 |  |  |  |  |  | 166,406 |
Consideration paid |  |  |  |  |  | 225,384 |
Goodwill(1) |  |  |  |  |  | $ | 58,978 |
(1)During the year ended December 31, 2022, goodwill was increased by $1.8 million as a result of updates to the initial fair value amounts recognized. For additional information, see Note 8 - Goodwill and Other Intangibles

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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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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