XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.25.2

Business Combinations (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, 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 |  | 38,100 |
Other Real Estate |  | — |
Intangible Assets |  | 40,065 |
Company Owned Life Insurance |  | 20,660 |
Accrued Interest Receivable and Other Assets |  | 38,731 |
Deposits - Non-interest Bearing |  | (436,467) |
Deposits - Interest Bearing |  | (1,294,696) |
FHLB Advances and Other Borrowings |  | (29,341) |
Accrued Interest Payable and Other Liabilities |  | (9,983) |
Total Identifiable Net Assets |  | 144,158 |
Goodwill |  | $ | 198,951 |
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 and six months ended June 30, 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 6/30/2025 |  | Quarter Ended 6/30/2024
Net Interest Income |  | $ | 73,155 |  |  | $ | 68,771 |
Non-interest Income |  | 16,733 |  |  | 21,217 |
Total Revenue |  | 89,888 |  |  | 89,988 |
Provision for Loan Losses Expense |  | 1,200 |  |  | (643) |
Non-interest Expense |  | 48,588 |  |  | 49,219 |
Income Before Income Taxes |  | 40,100 |  |  | 41,412 |
Income Tax Expense |  | 8,039 |  |  | 9,725 |
Net Income |  | $ | 32,061 |  |  | $ | 31,687 |
Earnings Per Share and Diluted Earnings Per Share |  | $ | 0.86 |  |  | $ | 0.85 |
|  | Unaudited Pro Forma |  | Unaudited Pro Forma
|  | Six Months Ended 6/30/2025 |  | Six Months Ended 6/30/2024
Net Interest Income |  | $ | 145,916 |  |  | $ | 135,029 |
Non-interest Income |  | 32,354 |  |  | 39,431 |
Total Revenue |  | 178,270 |  |  | 174,460 |
Provision for Loan Losses Expense |  | 284 |  |  | 257 |
Non-interest Expense |  | 99,615 |  |  | 99,475 |
Income Before Income Taxes |  | 78,371 |  |  | 74,728 |
Income Tax Expense |  | 17,013 |  |  | 16,385 |
Net Income |  | $ | 61,358 |  |  | $ | 58,343 |
Earnings Per Share and Diluted Earnings Per Share |  | $ | 1.64 |  |  | $ | 1.56 |

X
- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: 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 5: 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 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration