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Acquisition (Tables)

9 Months Ended

Sep. 30, 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			1,067,517
FHLBC stock			3,340
Loans, net of allowance for credit losses Day One PCD loan adjustment			1,500,974
Premises and equipment			47,456
Other real estate owned			5,552
Core deposit intangible			14,772
Deferred tax assets			5,819
Other assets			48,838
Total assets		$	2,943,942

Liabilities
Noninterest bearing demand		$	1,070,980
Savings, NOW and money market			1,408,051
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		$	67,873

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 September 30, 2022										As of December 31, 2021
		PCD			Non-PCD			Total				PCD			Non-PCD			Total
West Suburban acquired loans		$	77,548		$	1,171,877		$	1,249,425			$	102,409		$	1,418,752		$	1,521,161
ABC Bank acquired loans			2,114			44,082			46,196				4,547			64,236			68,783
Talmer Bank acquired loans			-			16,048			16,048				-			45,858			45,858
Total acquired loans net book value		$	79,662		$	1,232,007		$	1,311,669			$	106,956		$	1,528,846		$	1,635,802
Accretion recorded on acquired loans year to date		$	782		$	4,121		$	4,903			$	401		$	565		$	966
Accretion recorded on acquired unfunded commitments year to date								$	670									$	74