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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Fair Value of Identifiable Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of the total consideration transferred as a part of the CUB acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction.
Consideration |  |
Cash for Stock Options and Fractional Shares |  | $ | 942 |
Cash Consideration |  | 49,863 |
Equity Instruments |  | 111,914 |
Fair Value of Total Consideration Transferred |  | $ | 162,719 |
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed: |  |
Cash |  | $ | 20,244 |
Federal Funds Sold and Other Short-term Investments |  | 238,325 |
Interest-bearing Time Deposits with Banks |  | 250 |
Securities |  | 102,233 |
Loans |  | 678,167 |
Stock in FHLB and Other Restricted Stock, at Cost |  | 10,078 |
Premises, Furniture & Equipment |  | 20,064 |
Other Real Estate |  | 40 |
Intangible Assets |  | 7,572 |
Company Owned Life Insurance |  | 12,881 |
Accrued Interest Receivable and Other Assets |  | 17,908 |
Deposits - Non-interest Bearing |  | (237,472) |
Deposits - Interest Bearing |  | (696,750) |
FHLB Advances and Other Borrowings |  | (60,837) |
Accrued Interest Payable and Other Liabilities |  | (8,532) |
Total Identifiable Net Assets |  | 104,171 |
Goodwill |  | $ | 58,548 |
Schedule of Unaudited Pro Forma Information | The following table presents unaudited pro forma information as if the acquisition had occurred on January 1, 2021 after giving effect to certain adjustments. The unaudited pro forma information for the three and six months ended June 30, 2022 and 2021 includes adjustments for interest income on loans and securities acquired, amortization of intangibles arising from the transaction, interest expense on deposits and borrowings acquired, and the related income tax effects. The unaudited pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected on the assumed date.
|  | Unaudited Pro Forma |  | Unaudited Pro Forma
|  | Quarter Ended 6/30/2022 |  | Quarter Ended 6/30/2021
Net Interest Income |  | $ | 49,597 |  |  | $ | 48,453 |
Non-interest Income |  | 15,180 |  |  | 15,253 |
Total Revenue |  | 64,777 |  |  | 63,706 |
Provision for Loan Losses Expense |  | 300 |  |  | (5,454) |
Non-interest Expense |  | 35,274 |  |  | 33,677 |
Income Before Income Taxes |  | 29,203 |  |  | 35,483 |
Income Tax Expense |  | 5,029 |  |  | 7,300 |
Net Income |  | $ | 24,174 |  |  | $ | 28,183 |
Earnings Per Share and Diluted Earnings Per Share |  | $ | 0.82 |  |  | $ | 0.96 |
|  | Unaudited Pro Forma |  | Unaudited Pro Forma
|  | Six Months Ended 6/30/2022 |  | Six Months Ended 6/30/2021
Net Interest Income |  | $ | 96,505 |  |  | $ | 96,184 |
Non-interest Income |  | 31,368 |  |  | 31,779 |
Total Revenue |  | 127,873 |  |  | 127,963 |
Provision for Loan Losses Expense |  | (800) |  |  | (8,311) |
Non-interest Expense |  | 71,729 |  |  | 71,121 |
Income Before Income Taxes |  | 56,944 |  |  | 65,153 |
Income Tax Expense |  | 10,051 |  |  | 13,248 |
Net Income |  | $ | 46,893 |  |  | $ | 51,905 |
Earnings Per Share and Diluted Earnings Per Share |  | $ | 1.59 |  |  | $ | 1.77 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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 https://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 https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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