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Business Combinations - Summary of Assets Acquired and Liabilities Assumed and Their Initial Fair Value Estimates (Details) - USD ($) $ in Thousands | Jan. 01, 2020 | Jan. 31, 2019 | Sep. 30, 2020 | Dec. 31, 2019
--- | --- | --- | --- | ---
Assets acquired: |  |  |  |
Bank owned life insurance |  |  | $ 264,167 | $ 237,411
Liabilities assumed: |  |  |  |
Goodwill recorded in the merger |  |  | 500,849 | $ 374,632
Capital Bank |  |  |  |
Estimated Fair Value |  |  |  |
Total purchase price: |  | $ 76,834 |  |
Assets acquired: |  |  |  |
Cash and cash equivalents |  | 59,748 |  |
Securities |  | 103,775 |  |
Loans |  | 307,300 |  |
Accrued interest receivable |  | 1,390 |  |
Bank owned life insurance |  | 10,460 |  |
Deferred tax asset |  | 4,101 |  |
Other assets |  | 4,980 |  |
Core deposit intangible |  | 2,662 | 2,700 |
Total assets acquired |  | 494,416 |  |
Liabilities assumed: |  |  |  |
Deposits |  | (449,018) |  |
Other liabilities |  | (5,210) |  |
Total liabilities assumed |  | (454,228) |  |
Net assets acquired |  | 40,188 |  |
Goodwill recorded in the merger |  | $ 36,646 |  |
Two River Bancorp Inc. |  |  |  |
Estimated Fair Value |  |  |  |
Total purchase price: | $ 197,050 |  |  |
Assets acquired: |  |  |  |
Cash and cash equivalents | 51,102 |  |  |
Securities | 64,381 |  |  |
Loans | 940,072 |  |  |
Accrued interest receivable | 2,382 |  |  |
Bank owned life insurance | 22,440 |  |  |
Deferred tax asset | 3,578 |  |  |
Other assets | 15,956 |  |  |
Core deposit intangible | 12,130 |  | 12,100 |
Total assets acquired | 1,112,041 |  |  |
Liabilities assumed: |  |  |  |
Deposits | (941,750) |  |  |
Other liabilities | (59,006) |  |  |
Total liabilities assumed | (1,000,756) |  |  |
Net assets acquired | 111,285 |  |  |
Goodwill recorded in the merger | 85,765 |  |  |
Country Bank Holding Company, Inc |  |  |  |
Estimated Fair Value |  |  |  |
Total purchase price: | 112,836 |  |  |
Assets acquired: |  |  |  |
Cash and cash equivalents | 20,799 |  |  |
Securities | 144,499 |  |  |
Loans | 618,408 |  |  |
Accrued interest receivable | 1,779 |  |  |
Deferred tax asset | (4,087) |  |  |
Other assets | 9,195 |  |  |
Core deposit intangible | 2,117 |  | $ 2,100 |
Total assets acquired | 792,710 |  |  |
Liabilities assumed: |  |  |  |
Deposits | (652,653) |  |  |
Other liabilities | (67,240) |  |  |
Total liabilities assumed | (719,893) |  |  |
Net assets acquired | 72,817 |  |  |
Goodwill recorded in the merger | $ 40,019 |  |  |

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- Definition The carrying amount of a life insurance policy on an officer, executive or employee for which the reporting entity (a bank) is entitled to proceeds from the policy upon death of the insured or surrender of the insurance policy. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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