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v3.22.2.2

Acquisitions - Cummins-American Corp. (Details) - USD ($) $ / shares in Units, $ in Thousands |  |  | 9 Months Ended |
--- | --- | --- | --- | ---
May 31, 2021 | May 28, 2021 | Sep. 30, 2022 | Dec. 31, 2021
Merger agreement |  |  |  |
Goodwill |  |  | $ 317,873 | $ 317,873
Consideration paid: |  |  |  |
Goodwill |  |  | 317,873 | $ 317,873
CAC |  |  |  |
Merger agreement |  |  |  |
Shares received in business combination (in shares) | 444.4783 |  |  |
Per share cash consideration entitled (in dollars per share) | $ 14,173.96 |  |  |
Special cash dividend |  | $ 60,000 |  |
Additional consideration paid in the form of a special dividend payment to CAC shareholders (in dollars per share) |  | $ 12,087.58 |  |
Goodwill | $ 6,337 |  |  |
Pre-tax acquisition expenses |  |  | $ 800 |
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 |  |  |

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