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Note 2 - Business Combination (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Business Combination [Table Text Block]

		As of
		June 1, 2025
Purchase Price Consideration
FLIC common shares settled for stock			22,783,572
Exchange Ratio			0.5175
ConnectOne shares entitlement			11,790,499
Fractional shares subject to cash in lieu			(383	)
ConnectOne whole shares issued			11,790,116
Price per share of ConnectOne common stock on June 1, 2025		$	22.97
Total fair value of stock consideration issued		$	270,818,953
Cash consideration paid			8,727
Total purchase price consideration		$	270,827,680

		As of
		June 1, 2025
		(in thousands)
Total purchase price consideration		$	270,828
Fair Value of Assets Acquired:
Cash and cash equivalents			54,869
Securities available-for-sale			596,702
Loans receivables, net			2,882,951
Restricted stock, at cost			24,276
Premises and equipment, net			45,895
Bank-owned life insurance			118,098
Pension plan assets			11,617
Core deposit intangible			63,206
Other assets			107,480
Total assets acquired		$	3,905,094
Fair Value of Liabilities Assumed:
Deposits			3,251,147
Borrowings			360,405
Other liabilities			29,953
Total liabilities assumed		$	3,641,505
Net assets acquired		$	263,589
Goodwill recorded in acquisition		$	7,239

Schedule of Receivables Acquired [Table Text Block]

										Gross-up for PCD
		Unpaid Principal				Total Discount at				Allowance for Credit				Fair Value of PCD
(dollars in thousands)		Balance				Acquisition				Losses at Acquisition				Loans at Acquisition
PCD Accruing		$	255,152			$	(32,570	)		$	(38,231	)		$	184,351
PCD Nonaccrual			16,752				(1,824	)			(5,105	)			9,823
Total PCD Loans		$	271,904			$	(34,394	)		$	(43,336	)		$	194,174

Business Combination, Pro Forma Information [Table Text Block]

		Six Months Ended June 30,
(in thousands)		2025				2024
Net interest income		$	191,544			$	175,060
Net income		$	60,686			$	33,666

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