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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Summary of Net Assets Acquired and Consideration Transferred | The table below summarizes the final purchase price allocation and the net assets acquired (at fair value) and consideration transferred in connection with the Garfield acquisition (dollars in thousands):
Consideration Paid |  |  |
Cash paid to shareholders | $ | 17,400 |  |  |
Shares issued to shareholders (2,745,098 shares) | 41,561 |  |  |
Total consideration paid |  |  | $ | 58,961 |
Fair Value of Assets Acquired |  |  |
Cash and cash equivalents | 18,105 |  |  |
FHLB Stock | 3,261 |  |  |
Loans | 184,506 |  |  |
Premises and other equipment | 409 |  |  |
Core deposit intangible | 1,248 |  |  |
Other assets | 1,747 |  |  |
Total assets acquired | 209,276 |  |  |
Fair Value of Liabilities Assumed |  |  |
Deposits | 141,281 |  |  |
Federal Home Loan Bank borrowings | 22,988 |  |  |
Other liabilities | 5,068 |  |  |
Total liabilities assumed | 169,337 |  |  |
Total Fair Value of Identifiable Net Assets |  |  | 39,939 |
Goodwill |  |  | $ | 19,022 |
The table below summarizes the final purchase price allocation and the net assets acquired (at fair value) and consideration received in connection with the Santander acquisition (dollars in thousands):
Consideration Received |  |  |
Cash received |  |  | $ | 329,533 |
Fair Value of Assets Acquired |  |  |
Cash and cash equivalents | 2,935 |  |  |
Loans | 99,956 |  |  |
Premises and other equipment | 3,637 |  |  |
Core deposit intangible | 5,615 |  |  |
Other assets | 770 |  |  |
Total assets acquired | 112,913 |  |  |
Fair Value of Liabilities Assumed |  |  |
Deposits | 471,386 |  |  |
Other liabilities | 186 |  |  |
Total liabilities assumed | 471,572 |  |  |
Total Fair Value of Identifiable Net Assets |  |  | (358,659 | )
Goodwill |  |  | $ | 29,126 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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