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Acquisition and Preliminary Purchase Price Allocation (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes the consideration paid for Citizens and the amounts of the assets acquired and liabilities assumed as of the date of acquisition (in thousands):
Consideration: |
Common stock | $ | 61,570 |
Cash | 13 |
| 61,583 |
Identifiable assets: |
Cash and cash equivalents | 14,016
Investment securities | 41,008
FHLB stock | 620
Loans | 251,406
Fixed assets | 3,237
Bank owned life insurance | 2,966
Deferred tax assets, net | 1,481
Other assets | 5,227
Total identifiable assets | 319,961
Identifiable liabilities: |
Deposits | 299,251
Short-term borrowings | 6,500
Other liabilities | 1,866
Total identifiable liabilities | 307,617
Net identifiable assets (liabilities) | 12,344
Goodwill | 40,961
Core deposit intangible | 8,278
| $ | 61,583 |
Business Combination, Segment Allocation | The following table summarizes adjustments to goodwill subsequent to December 31, 2022 (in thousands):
| Goodwill
Balance at December 31, 2022 | $ | 108,941 |
Adjustment to goodwill acquired in conjunction with the acquisition of Citizens | 40,961
Balance at December 31, 2023 | $ | 149,902 |

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- Definition Tabular disclosure of goodwill in a business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 30 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479581/805-30-50-1 + Details
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