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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Fair Value of Consideration Transferred, Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for VRB and the amounts of assets acquired and liabilities assumed that were recorded at the acquisition date (in thousands):
|  |  |  |  | Fair Value as of March 25, 2022
Fair value of consideration transferred: |  |  |  |  |
Fair value of shares issued |  |  |  |  | $ | 173,585 |
Cash consideration |  |  |  |  | 431 |
Total fair value of consideration transferred |  |  |  |  | 174,016 |
Assets acquired: |  |  |  |  |
Cash and cash equivalents |  |  |  |  | 427,314 |
Securities available for sale |  |  |  |  | 109,716 |
Loans and leases |  |  |  |  | 771,353 |
Premises and equipment |  |  |  |  | 4,658 |
Cash value of life insurance |  |  |  |  | 13,609 |
Core deposit intangible |  |  |  |  | 10,635 |
Other assets |  |  |  |  | 29,744 |
Total assets acquired |  |  |  |  | 1,367,029 |
Liabilities assumed: |  |  |  |  |
Deposits |  |  |  |  | (1,215,479) |
Subordinated debt |  |  |  |  | (47,236) |
SERP liability |  |  |  |  | (3,352) |
Other liabilities |  |  |  |  | (10,516) |
Total liabilities assumed |  |  |  |  | (1,276,583) |
Total net assets acquired |  |  |  |  | 90,446 |
Goodwill recognized |  |  |  |  | $ | 83,570 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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