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Business Combinations, Asset Acquisitions, Transaction between Entities under Common Control, and Joint Venture Formation (Tables)
6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Goodwill, Reportable Segment Assignment
The following table presents the change in goodwill during the period (dollars in thousands):
For the Six Months Ended June 30, 2025
Goodwill at December 31, 2024$363,715 
Goodwill from Center acquisition14,939 
Goodwill at June 30, 2025$378,654 
Business Combination, Recognized Asset Acquired and Liability Assumed
The table below summarizes the net assets acquired (at fair value) and consideration transferred in connection with the Center acquisition (dollars in thousands):
Consideration paid
Cash paid to shareholders - fractional shares$
     Shares issued to shareholders (3,016,009 shares)
46,205 
            Total consideration paid$46,206 
Fair value of assets acquired
    Cash and due from banks4,672 
    Investment securities21,396 
    FHLB stock3,144 
    Loans, including loans held for sale291,296 
    Premises and equipment4,276 
    Core deposit intangible5,355 
    Bank owned life insurance430 
    Other assets4,950 
             Total assets acquired335,519 
Fair value of liabilities assumed
    Deposits277,980 
    Borrowings22,785 
    Other liabilities3,487 
             Total liabilities assumed304,252 
Total fair value of identifiable net assets$31,267 
Goodwill$14,939 
Schedule of PCD Loans Purchased in Business Acquisition
The following table provides details related to the fair value of acquired PCD loans as of April 30, 2025.
Unpaid Principal BalancePCD Allowance for Credit Loss at Acquisition(Discount) Premium on Acquired LoansFair Value of PCD Loans at Acquisition
(dollars in thousands)
Commercial, financial, agricultural and other$13,302 $(1,616)$(487)$11,199 
Time and demand13,302 (1,616)(487)11,199 
Time and demand other— — — — 
Real estate construction2,442 (1,104)(54)1,284 
Construction other557 (370)(17)170 
Construction residential1,885 (734)(37)1,114 
Residential real estate3,845 (307)(138)3,400 
Residential first lien3,372 (300)(137)2,935 
Residential junior lien/home equity473 (7)(1)465 
Commercial real estate9,604 (1,087)(330)8,187 
Multifamily1,210 (120)(78)1,012 
Non-owner occupied5,330 (943)(184)4,203 
Owner occupied3,064 (24)(68)2,972 
Loans to individuals30 (2) 28 
Automobile and recreational vehicles14 (1)— 13 
Consumer other16 (1)— 15 
Total loans and leases$29,223 $(4,116)$(1,009)$24,098 
Schedule of nonPCD Loans Purchased in Business Acquisition
The following table provides details related to the fair value and Day 1 provision related to the acquired non-PCD loans as of April 30, 2025.
Unpaid Principal Balance(Discount) premium on acquired loansFair Value of Non-PCD Loans at AcquisitionDay 1 Provision for Credit Losses - Non-PCD Loans
(dollars in thousands)
Commercial, financial, agricultural and other$50,555 $(2,137)$48,418 $630 
Time and demand50,535 (2,137)48,398 630 
Time and demand other20 — 20 — 
Real estate construction32,074 (941)31,133 691 
Construction other18,829 (472)18,357 445 
Construction residential13,245 (469)12,776 246 
Residential real estate82,609 (3,396)79,213 665 
Residential first lien67,906 (3,145)64,761 556 
Residential junior lien/home equity14,703 (251)14,452 109 
Commercial real estate108,843 (3,550)105,293 1,389 
Multifamily17,405 (481)16,924 180 
Non-owner occupied43,927 (1,763)42,164 512 
Owner occupied47,511 (1,306)46,205 697 
Loans to individuals357 (10)347 4 
Automobile and recreational vehicles337 (9)328 
Consumer other20 (1)19 — 
Total loans and leases$274,438 $(10,034)$264,404 $3,379