XML 72 R59.htm IDEA: XBRL DOCUMENT v3.22.0.1
Acquisitions - Cummins-American Corp. (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
May 31, 2021
USD ($)
$ / shares
May 28, 2021
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Consideration paid        
Goodwill     $ 317,873 $ 311,536
CAC        
Merger agreement        
Share consideration conversion ratio 444.4783      
Per share cash consideration entitled (in dollars per share) | $ / shares $ 14,173.96      
Business acquisition share price | $ / shares   $ 12,087.58    
Special cash dividend   $ 60,000    
Pre-tax acquisition expenses     13,600  
Fair value adjustments were recorded as more information became available regarding unrecorded liabilities     $ 400  
Assets acquired:        
Cash and cash equivalents $ 298,637      
Securities 702,367      
Portfolio loans, net of ACL 430,470      
Premises and equipment 17,034      
Other intangible assets 17,340      
Mortgage servicing rights 629      
Other assets 8,176      
Total assets acquired 1,474,653      
Liabilities assumed:        
Deposits 1,315,671      
Other borrowings 16,651      
Other liabilities 19,205      
Total liabilities assumed 1,351,527      
Net assets acquired 123,126      
Consideration paid        
Cash 70,358      
Common stock 59,105      
Total consideration paid 129,463      
Goodwill 6,337      
Fair value of PCD financial assets 60,500      
Gross contractual amounts receivable relating to the PCD financial assets 65,200      
Contractual cash flows specific to the PCD financial assets will not be collected $ 4,200