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Acquisition (Tables) | 3 Months Ended
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Mar. 31, 2022
Acquisition |
Summary of acquisition | ​
​ | ​ | ​ | ​
West Suburban Acquisition Summary
As of Date of Acquisition
​ | ​ | ​ | ​
​ | ​ | December 1, 2021
Assets | ​ | ​ | ​
Cash and due from banks | ​ | $ | 16,794
Interest bearing deposits with financial institutions | ​ | ​ | 232,880
Securities available-for-sale and held-to maturity, at fair value | ​ | ​ | 1,066,373
FHLBC stock | ​ | ​ | 3,340
Loans, net of allowance for credit losses Day One PCD loan adjustment | ​ | ​ | 1,502,118
Premises and equipment | ​ | ​ | 47,456
Other real estate owned | ​ | ​ | 5,552
Core deposit intangible | ​ | ​ | 14,772
Deferred tax assets | ​ | ​ | 2,093
Other assets | ​ | ​ | 52,710
Total assets | ​ | $ | 2,944,088
​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​
Noninterest bearing demand | ​ | $ | 409,141
Savings, NOW and money market | ​ | ​ | 2,069,890
Time | ​ | ​ | 215,205
Total deposits | ​ | ​ | 2,694,236
Reserve for unfunded commitments | ​ | ​ | 1,787
Other liabilities | ​ | ​ | 20,629
Total liabilities | ​ | ​ | 2,716,652
​ | ​ | ​ | ​
Cash consideration paid | ​ | ​ | 100,679
Stock issued for acquisition | ​ | ​ | 194,484
Total Liabilities Assumed and Cash and Stock Consideration Paid for Acquisition | ​ | $ | 3,011,815
Goodwill | ​ | $ | 67,727
Schedule of Purchase price of loans at acquisition | ​
​ | ​ | ​ | ​
​ | ​ | As of
West Suburban Acquired PCD Loans | ​ | December 1, 2021
Par value of acquired loans | ​ | $ | 108,241
Allowance for credit losses | ​ | ​ | (12,075)
Non-credit discount | ​ | ​ | (1,723)
Purchase price of PCD loans at acquisition | ​ | $ | 94,443
Schedule of carrying amount of acquired loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Acquired Loan Detail | ​ | As of March 31, 2022 | ​ | ​ | As of December 31, 2021
​ | ​ | PCD | ​ | Non-PCD | ​ | Total | ​ | ​ | PCD | ​ | Non-PCD | ​ | Total
West Suburban acquired loans | ​ | $ | 88,601 | ​ | $ | 1,354,305 | ​ | $ | 1,442,906 | ​ | ​ | $ | 102,409 | ​ | $ | 1,418,752 | ​ | $ | 1,521,161
ABC Bank acquired loans | ​ | ​ | 4,534 | ​ | ​ | 57,904 | ​ | ​ | 62,438 | ​ | ​ | ​ | 4,547 | ​ | ​ | 64,236 | ​ | ​ | 68,783
Talmer Bank acquired loans | ​ | ​ | - | ​ | ​ | 44,836 | ​ | ​ | 44,836 | ​ | ​ | ​ | - | ​ | ​ | 45,858 | ​ | ​ | 45,858
Total acquired loans net book value | ​ | $ | 93,135 | ​ | $ | 1,457,045 | ​ | $ | 1,550,180 | ​ | ​ | $ | 106,956 | ​ | $ | 1,528,846 | ​ | $ | 1,635,802
Accretion recorded on acquired loans year to date | ​ | $ | 400 | ​ | $ | 2,016 | ​ | $ | 2,416 | ​ | ​ | $ | 401 | ​ | $ | 565 | ​ | $ | 966

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- Definition Tabular disclosure of carrying value of loans acquired in transfer not accounted for as debt securities acquired during period. + References No definition available. + Details
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- Definition Tabular disclosure of the reconciliation of contractual cash flows to the carrying amount relating to certain loans acquired in a transfer. + References No definition available. + Details
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- 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 + Details
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