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Subsequent Event
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
On October 15, 2021, the Company completed its acquisition of Select Bancorp, Inc. (“Select”), the parent company of Select Bank and Trust Company ("Select Bank"), pursuant to an Agreement and Plan of Merger and Reorganization dated June 1, 2021. Based on the exchange ratio in that Agreement of 0.408 shares of Company common stock for each share of Select common stock, the Company issued 7,070,371 shares in the acquisition, with total merger consideration amounting to approximately $325.8 million.

Select Bank operated 22 banking locations in North Carolina, South Carolina, and Virginia. As of the acquisition date, Select had assets of $1.8 billion, gross loans of $1.3 billion and deposits of $1.6 billion.

As of the filing of this report, the Company has not completed the fair value measurements of the assets, liabilities, and identifiable intangible assets of Select.