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Acquisition (Tables)

3 Months Ended

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