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Business Combinations (Tables) - MPB | 12 Months Ended
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Dec. 31, 2023
Business Combinations |
Schedule of recognized identified assets acquired and liabilities assumed | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As recorded by |  | Preliminary Fair Value | ​ | As recorded by
(dollars in thousands) |  | Metro Phoenix Bank |  | Adjustments |  | the Company
Assets |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Cash and cash equivalents | ​ | $ | 101,819 | ​ | $ | (123) | ​ | $ | 101,696
Fed funds sold | ​ | ​ | 18,936 | ​ | ​ | — | ​ | ​ | 18,936
Core deposit intangible | ​ | ​ | — | ​ | ​ | 7,592 | ​ | ​ | 7,592
Loans | ​ | ​ | 273,843 | ​ | ​ | (3,440) | ​ | ​ | 270,403
Accrued interest receivable | ​ | ​ | 1,091 | ​ | ​ | — | ​ | ​ | 1,091
Other assets | ​ | ​ | 3,342 | ​ | ​ | 188 | ​ | ​ | 3,530
Total assets | ​ | ​ | 399,031 | ​ | ​ | 4,217 | ​ | ​ | 403,248
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ | ​ | 354,529 | ​ | ​ | (844) | ​ | ​ | 353,685
Other liabilities | ​ | ​ | 673 | ​ | ​ | — | ​ | ​ | 673
Total liabilities | ​ | ​ | 355,202 | ​ | ​ | (844) | ​ | ​ | 354,358
Excess assets over liabilities | ​ | $ | 43,829 | ​ | $ | 5,061 | ​ | ​ | 48,890
Stock issued for MPB | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 64,019
Total goodwill recorded | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 15,129
Schedule of pro forma information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pro Formas (unaudited)
​ | ​ | for the years ended December 31,
(dollars in thousands) |  | 2022 |  | 2021
Net interest income after provision for credit losses | ​ | $ | 107,172 | ​ | $ | 104,087
Noninterest income | ​ |  | 112,755 | ​ |  | 151,499
Noninterest expense | ​ | ​ | 166,476 | ​ | ​ | 178,337
Net income (after tax) | ​ | ​ | 40,784 | ​ | ​ | 58,585
Basic earnings per common share | ​ | $ | 2.17 | ​ | $ | 3.36
Diluted earnings per common share | ​ | $ | 2.14 | ​ | $ | 3.30
Schedule of loan balances | ​
​ | ​ | ​ | ​
​ | ​ | December 31,
(dollars in thousands) |  | 2022
Real estate construction |  | $ | 175
Outstanding balance | ​ | ​ | 175
Carrying amount | ​ | ​ | 151
Allowance for credit losses on loans | ​ | ​ | —
Carrying amount, net of allowance for loan losses | ​ | $ | 151
Schedule of accretable yield or income expected to be collected | ​
​ | ​ | ​ | ​
​ | ​ | For the year ended
​ | ​ | December 31,
(dollars in thousands) |  | 2022
Beginning balance |  | $ | 177
New loans purchased | ​ | ​ | —
Accretion of income | ​ | ​ | —
Ending balance | ​ | $ | 177
​

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