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Business Combinations, Asset Acquisitions, Transaction between Entities under Common Control, and Joint Venture Formation (Tables) | 9 Months Ended
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Sep. 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 Nine Months Ended September 30, 2025
Goodwill at December 31, 2024 |  | $ | 363,715 |
Goodwill from Center acquisition |  | 14,499 |
Goodwill at September 30, 2025 |  | $ | 378,214 |
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 | $ | 1 |  |
Shares issued to shareholders (3,016,009 shares) | 46,205 |  |
Total consideration paid |  | $ | 46,206 |
Fair value of assets acquired |  |
Cash and due from banks | 4,672 |  |
Investment securities | 21,396 |  |
FHLB stock | 3,144 |  |
Loans, including loans held for sale | 291,852 |  |
Premises and equipment | 4,276 |  |
Core deposit intangible | 5,355 |  |
Bank owned life insurance | 430 |  |
Other assets | 5,039 |  |
Total assets acquired |  | 336,164 |
Fair value of liabilities assumed |  |
Deposits | 277,980 |  |
Borrowings | 22,785 |  |
Other liabilities | 3,692 |  |
Total liabilities assumed |  | 304,457 |
Total fair value of identifiable net assets |  | $ | 31,707 |
Goodwill |  | $ | 14,499 |
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 Balance |  | PCD Allowance for Credit Loss at Acquisition |  | (Discount) Premium on Acquired Loans |  | Fair Value of PCD Loans at Acquisition
| (dollars in thousands)
Commercial, financial, agricultural and other | $ | 13,302 |  |  | $ | (1,616) |  |  | $ | (487) |  |  | $ | 11,199 |
Time and demand | 13,302 |  |  | (1,616) |  |  | (487) |  |  | 11,199 |
Time and demand other | — |  |  | — |  |  | — |  |  | — |
Real estate construction | 2,442 |  |  | (810) |  |  | (54) |  |  | 1,578 |
Construction other | 557 |  |  | (182) |  |  | (17) |  |  | 358 |
Construction residential | 1,885 |  |  | (628) |  |  | (37) |  |  | 1,220 |
Residential real estate | 3,845 |  |  | (45) |  |  | (138) |  |  | 3,662 |
Residential first lien | 3,372 |  |  | (38) |  |  | (137) |  |  | 3,197 |
Residential junior lien/home equity | 473 |  |  | (7) |  |  | (1) |  |  | 465 |
Commercial real estate | 9,604 |  |  | (1,087) |  |  | (330) |  |  | 8,187 |
Multifamily | 1,210 |  |  | (120) |  |  | (78) |  |  | 1,012 |
Non-owner occupied | 5,330 |  |  | (943) |  |  | (184) |  |  | 4,203 |
Owner occupied | 3,064 |  |  | (24) |  |  | (68) |  |  | 2,972 |
Loans to individuals | 30 |  |  | (2) |  |  | — |  |  | 28 |
Automobile and recreational vehicles | 14 |  |  | (1) |  |  | — |  |  | 13 |
Consumer other | 16 |  |  | (1) |  |  | — |  |  | 15 |
Total loans and leases | $ | 29,223 |  |  | $ | (3,560) |  |  | $ | (1,009) |  |  | $ | 24,654 |
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 Loans |  | Fair Value of Non-PCD Loans at Acquisition |  | Day 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 demand | 50,535 |  |  | (2,137) |  |  | 48,398 |  |  | 630 |
Time and demand other | 20 |  |  | — |  |  | 20 |  |  | — |
Real estate construction | 32,074 |  |  | (941) |  |  | 31,133 |  |  | 691 |
Construction other | 18,829 |  |  | (472) |  |  | 18,357 |  |  | 445 |
Construction residential | 13,245 |  |  | (469) |  |  | 12,776 |  |  | 246 |
Residential real estate | 82,609 |  |  | (3,396) |  |  | 79,213 |  |  | 665 |
Residential first lien | 67,906 |  |  | (3,145) |  |  | 64,761 |  |  | 556 |
Residential junior lien/home equity | 14,703 |  |  | (251) |  |  | 14,452 |  |  | 109 |
Commercial real estate | 108,843 |  |  | (3,550) |  |  | 105,293 |  |  | 1,389 |
Multifamily | 17,405 |  |  | (481) |  |  | 16,924 |  |  | 180 |
Non-owner occupied | 43,927 |  |  | (1,763) |  |  | 42,164 |  |  | 512 |
Owner occupied | 47,511 |  |  | (1,306) |  |  | 46,205 |  |  | 697 |
Loans to individuals | 357 |  |  | (10) |  |  | 347 |  |  | 4 |
Automobile and recreational vehicles | 337 |  |  | (9) |  |  | 328 |  |  | 4 |
Consumer other | 20 |  |  | (1) |  |  | 19 |  |  | — |
Total loans and leases | $ | 274,438 |  |  | $ | (10,034) |  |  | $ | 264,404 |  |  | $ | 3,379 |

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