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Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Estimated Fair Values of Assets Acquired and Liabilities Assumed

		Acquired Book								As Recorded by
		Value				Adjustments				First Mid Bank
Assets
Cash and due from banks		$	130,561			$	—			$	130,561
Investment securities			119,234				264				119,498
Loans			838,377				(9,401	)			828,976
Allowance for loan losses			(8,656	)			6,583				(2,073	)
Other real estate owned			8,435				915				9,350
Premises and equipment			23,440				6,360				29,800
Goodwill			20,503				(15,054	)			5,449
Core deposit intangible			123				2,025				2,148
Right of use asset			—				794				794
Other assets			43,697				2,499				46,196
Total assets acquired		$	1,175,714			$	(5,015	)		$	1,170,699
Liabilities and stockholders' equity
Deposits		$	988,329			$	2,081			$	990,410
Securities sold under agreements to repurchase			—				—				—
FHLB advances			26,941				975				27,916
Other borrowings			—				—				—
Lease liability			—				794				794
Other liabilities			4,498				(610	)			3,888
Total liabilities assumed			1,019,768				3,240				1,023,008
Net assets acquired		$	155,946			$	(8,255	)		$	147,691
Consideration paid
Cash										$	103,500
Common stock											44,191
Total consideration paid										$	147,691

Unaudited Pro Forma Condensed Combined Financial Information

The following unaudited pro forma condensed combined financial information presents the results of operations of the Company, including the effects of the purchase accounting adjustments and acquisition expenses, had the LINCO Merger taken place at the beginning of the period (dollars in thousands, except per share data):

		Twelve months ended December 31,
		2021				2020
Net interest income		$	173,676			$	169,430
Provision for loan losses			15,351				18,242
Non-interest income			70,879				66,228
Non-interest expense			159,778				152,596
Income before income taxes			69,426				64,820
Income tax expense			15,994				15,944
Net income available to common stockholders		$	53,432			$	48,876
Earnings per share
Basic		$	2.99			$	2.72
Diluted		$	2.98			$	2.71
Basic weighted average shares outstanding			17,886,998				17,979,126
Diluted weighted average shares outstanding			17,939,007				18,025,102

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://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 http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472

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