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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2019
Pro Forma Information | The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effective on the assume date.
|  | 2017 |
Net interest income |  | $ | 74,409 |
Net income |  | $ | 22,776 |
Basic and diluted earnings per share |  | $ | 0.83 |
Monitor Bancorp, Inc. |
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for Monitor and the amounts of the assets acquired and liabilities assumed on the closing date of the acquisition.
Consideration |  |  |  |
Cash |  | $ | 1,154 |
Stock |  |  | 6,358 |
Fair value of total consideration transferred |  | $ | 7,512 |
Fair value of assets acquired |  |  |  |
Cash and due from financial institutions |  | $ | 17,673 |
Securities available for sale |  |  | 3,057 |
Loans, net |  |  | 19,315 |
Premises and equipment |  |  | 192 |
Core deposit intangible |  |  | 673 |
Other assets |  |  | 272 |
Total assets acquired |  |  | 41,182 |
Fair value of liabilities assumed |  |  |  |
Deposits |  |  | 34,586 |
Accrued interest payable and other liabilities |  |  | 121 |
Total liabilities |  |  | 34,707 |
Net assets acquired |  | $ | 6,475 |
Goodwill created |  |  | 1,037 |
Total net assets acquired |  | $ | 7,512 |

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