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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Acquisition [Line Items]

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Under the acquisition method of accounting, the total purchase price is allocated to net tangible and intangible assets based on their current estimated fair values on the date of the acquisition. Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and

assumptions that are subject to change, the purchase price for the TCF branches is detailed in the following table. Prior to the end of the one year measurement period for finalizing the purchase price allocation, if information becomes available which would indicate adjustments are required to the purchase price allocation, such adjustments will be included in the purchase price allocation prospectively.

Assets									Liabilities
Cash and due from banks			$	4,012					Deposits
Loans									Non–interest bearing			$	181,403
Commercial			101,327						NOW accounts			303,050
Residential mortgage			56,499						Savings and money market			262,488
Consumer			54,212						Certificates of deposit			99,468
Total loans			212,038						Total deposits			846,409
Premises and equipment, net			6,901						Interest payable			16
Goodwill			3,334						Other liabilities			1,278
Core deposit intangible			1,630
Interest receivable			519
Other assets			1,102
Total assets purchased			$	229,536					Total liabilities assumed			$	847,703
Net cash received			$	(618,167)

Under the acquisition method of accounting, the total purchase price is allocated to net tangible and intangible assets based on their current estimated fair values on the date of the acquisition. Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the final purchase price for the Salin acquisition is detailed in the following table. Prior to the end of the one-year measurement period for finalizing the purchase price allocation, if information becomes available which would indicate adjustments are required to the purchase price allocation, such

adjustments will be included in the purchase price allocation prospectively. The measurement period adjustments will be calculated as if the accounting had been completed as of the acquisition date.

Assets									Liabilities
Cash and due from banks			$	152,745					Deposits
Investment securities, available for sale			54,319						Non–interest bearing			$	188,744
									NOW accounts			207,567
Loans									Savings and money market			274,504
Commercial			352,798						Certificates of deposit			70,529
Residential mortgage			131,008						Total deposits			741,344
Consumer			85,112
Total loans			568,918
									Borrowings			70,495
Premises and equipment, net			20,425						Subordinated debentures			18,376
FRB and FHLB stock			3,571						Interest payable			826
Goodwill			31,358						Other liabilities			8,759
Core deposit intangible			19,818
Interest receivable			2,488
Other assets			112,880
									Total liabilities assumed			$	839,800
Total assets purchased			$	966,522
Common shares issued			$	102,722
Cash paid			24,000
Total purchase price			$	126,722

Salin

Business Acquisition [Line Items]

Schedule of Acquired Loans Accounted for in Accordance with ASC 310-30

The following table details an estimate of the acquired loans that are accounted for in accordance with ASC 310–30 as of March 26, 2019.

Contractually required principal and interest at acquisition			$	22,672
Contractual cash flows not expected to be collected (nonaccretable differences)			6,694
Expected cash flows at acquisition			15,978
Interest component of expected cash flows (accretable discount)			735
Fair value of acquired loans accounted for under ASC310–30			$	15,243

Pro Forma Result of Comparable Prior Reporting Period

The following schedule includes pro–forma results for the periods ended December 31, 2020 and 2019 as if the Salin acquisition had occurred as of the beginning of the comparable prior reporting periods.

															For the Year Ended
															December 31
															2019
Summary of Operations:
Net Interest Income															$	168,693
Provision for Loan Losses															2,276
Net Interest Income after Provision for Loan Losses															166,417
Non-interest Income															43,472
Non-interest Expense															134,446
Income before Income Taxes															75,443
Income Tax Expense															13,246
Net Income															$	62,197
Basic Earnings per Share															$	1.43
Diluted Earnings per Share															$	1.43

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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.

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-Name Accounting Standards Codification
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