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BUSINESS COMBINATIONS (Tables) | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table provides the purchase price calculation as of the acquisition date, identifiable assets purchased and liabilities assumed at their estimated fair value.
(Dollars in thousands) |  | Summit
Purchase consideration |  |
Cash consideration |  | $ | 102,994 |
Liabilities paid with cash concurrent with close |  | 10,487 |
Stock consideration |  | 10,000 |
Earn out |  | 3,606 |
Total purchase consideration |  | 127,087 |
Assets acquired |  |
Cash |  | 4,413 |
Finance leases |  | 41,894 |
Premises and equipment |  | 707 |
Operating leases |  | 75,309 |
Intangible assets |  | 34,585 |
Other assets |  | 28,927 |
Total assets acquired |  | 185,835 |
Liabilities assumed |  |
Long-term borrowings |  | 96,511 |
Other liabilities |  | 25,973 |
Total liabilities assumed |  | 122,484 |
Net identifiable assets |  | 63,351 |
Goodwill |  | $ | 63,736 |

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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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