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Business Combinations (Tables) | 12 Months Ended
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Jun. 30, 2024
Citizens |
Schedule of purchase price | ​
​ | ​ | ​ | ​
Citizens Bancshares Company | ​ | ​ | ​
Fair Value of Consideration Transferred | ​ | ​
(dollars in thousands) | ​ | ​
Cash | ​ | $ | 34,889
Common stock, at fair value | ​ | ​ | 98,280
Total consideration | ​ | $ | 133,169
​ |  | ​ | ​
Recognized amounts of identifiable assets acquired and liabilities assumed |  | ​ | ​
​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 243,225
Investment securities | ​ |  | 226,497
Loans | ​ |  | 447,388
Premises and equipment | ​ |  | 23,430
BOLI | ​ |  | 21,733
Identifiable intangible assets | ​ |  | 24,645
Miscellaneous other assets | ​ |  | 9,366
​ | ​ |  | ​
Deposits | ​ |  | (851,140)
Securities sold under agreements to repurchase | ​ |  | (27,629)
Miscellaneous other liabilities | ​ | ​ | (7,784)
Total identifiable net assets | ​ | ​ | 109,731
Goodwill | ​ | $ | 23,438
Schedule of unaudited pro forma | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Pro Forma
​ | ​ | For the twelve months ended
​ | ​ | June 30,
(dollars in thousands) | ​ | ​ | 2023 | ​ | ​ | 2022 | ​
Revenue | ​ | $ | 183,878 | ​ | $ | 166,101 | ​
Earnings | ​ | $ | 51,156 | ​ | $ | 56,856 | ​
Fortune |
Schedule of purchase price | ​
​ | ​ | ​ | ​
Fortune Financial Corporation | ​ | ​ | ​
Fair Value of Consideration Transferred | ​ | ​
(dollars in thousands) | ​ | ​
Cash | ​ | $ | 12,664
Common stock, at fair value | ​ | ​ | 22,884
Total consideration | ​ | $ | 35,548
​ |  | ​ | ​
Recognized amounts of identifiable assets acquired and liabilities assumed |  | ​ | ​
​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 34,280
Interest bearing time deposits | ​ |  | 2,300
Loans | ​ |  | 202,053
Premises and equipment | ​ |  | 7,690
BOLI | ​ |  | 3,720
Identifiable intangible assets | ​ |  | 1,602
Miscellaneous other assets | ​ |  | 3,512
​ | ​ |  | ​
Deposits | ​ |  | (213,670)
FHLB Advances | ​ |  | (9,681)
Subordinated debt | ​ |  | (7,800)
Miscellaneous other liabilities | ​ | ​ | (1,214)
Total identifiable net assets | ​ | ​ | 22,792
Goodwill | ​ | $ | 12,756
First National Bank, Cairo |
Schedule of purchase price | ​
​ | ​ | ​ | ​
First National Bank - Cairo Branch | ​ | ​ | ​
Fair Value of Consideration Transferred | ​ | ​ | ​
(dollars in thousands) | ​ | ​ | ​
Cash received | ​ | $ | (26,932)
​ |  | ​ | ​
Recognized amounts of identifiable assets acquired and liabilities assumed |  | ​ | ​
​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 220
Loans | ​ |  | 408
Premises and equipment | ​ |  | 468
Identifiable intangible assets | ​ |  | 168
Miscellaneous other assets | ​ |  | 1
​ | ​ |  | ​
Deposits | ​ |  | (28,540)
Miscellaneous other liabilities | ​ | ​ | (99)
Total identifiable net liabilities | ​ | ​ | (27,374)
Goodwill | ​ | $ | 442
​

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- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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