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Business Combinations (Tables) | 3 Months Ended
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Mar. 31, 2021
Pro Forma Information | The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transactions been effective on the assumed date.
| For Three Months Ended March 30, |
(In thousands of dollars except per share results) | 2020 |
Net interest income | $ | 22,482 |
Net income | $ | 8,659 |
Basic and diluted earnings per share | $ | 0.30 |
Maple Leaf |
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for Maple Leaf and the amounts of the assets acquired and liabilities assumed on the closing date of the acquisition.
(In Thousands of Dollars) |  |  |
Consideration |  |  |
Cash | $ | 20,423 |
Stock |  | 22,554 |
Fair value of total consideration transferred | $ | 42,977 |
Fair value of assets acquired |  |  |
Cash and due from financial institutions | $ | 18,219 |
Securities available for sale |  | 69,547 |
Loans |  | 181,280 |
Premises and equipment |  | 229 |
Core deposit intangible |  | 725 |
Other assets |  | 6,398 |
Total assets |  | 276,398 |
Fair value of liabilities assumed |  |  |
Deposits |  | 183,251 |
Long-term borrowings |  | 54,487 |
Accrued interest payable and other liabilities |  | 3,257 |
Total liabilities | $ | 240,995 |
Net assets acquired |  | 35,403 |
Goodwill created |  | 7,574 |
Total net assets acquired | $ | 42,977 |

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