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Business Combinations (Tables)

3 Months Ended

Mar. 31, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Fair Value of Total Consideration Transferred

The following table summarizes the fair value of the total consideration transferred as a part of the Heartland 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, 401K Shares and Fractional Shares						$	23,102
Equity Instruments						320,007
Fair Value of Total Consideration Transferred						$	343,109
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Cash						$	6,216
Federal Funds Sold and Other Short-term Investments						39,550
Interest-bearing Time Deposits with Banks						—
Securities						220,358
Loans, Net						1,503,973
Stock in FHLB and Other Restricted Stock, at Cost						6,992
Premises, Furniture & Equipment						38,390
Other Real Estate						—
Intangible Assets						40,065
Company Owned Life Insurance						20,660
Accrued Interest Receivable and Other Assets						39,476
Deposits - Non-interest Bearing						(436,467)
Deposits - Interest Bearing						(1,294,696)
FHLB Advances and Other Borrowings						(28,900)
Accrued Interest Payable and Other Liabilities						(9,990)
Total Identifiable Net Assets						145,627
Goodwill						$	197,482

Schedule of Unaudited Pro Forma Information

The following table presents unaudited pro forma information as if the acquisition had occurred on January 1, 2024 after giving effect to certain adjustments. The unaudited pro forma information for the three months ended March 31, 2025 and 2024 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 3/31/2025						Quarter Ended 3/31/2024
Net Interest Income						$	72,171					$	65,668
Non-interest Income						15,650						18,252
Total Revenue						87,821						83,920
Provision for Loan Losses Expense						(916)						900
Non-interest Expense						51,521						50,750
Income Before Income Taxes						37,216						32,270
Income Tax Expense						8,712						6,401
Net Income						$	28,504					$	25,869
Earnings Per Share and Diluted Earnings Per Share						$	0.76					$	0.69

X

- 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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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- References

No definition available.

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X

- 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

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