| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
The following table summarizes the consideration paid for IFH and the amounts of the assets acquired and liabilities assumed at the October 1, 2024 acquisition date: | | | | | | | | | | | | | Purchase Price Consideration and Net Assets Acquired | Preliminary
October 1, 2024 | Measurement Period Adjustments | Final
September 30, 2025 | | (dollars in thousands, except shares issued and price per share) | | | | | Common share consideration | | | | | Shares of common stock issued | 2,631,847 | | — | | 2,631,847 | | | Price per share on September 30, 2024 | $ | 25.71 | | $ | — | | $ | 25.71 | | | Common stock consideration | $ | 67,665 | | $ | — | | $ | 67,665 | | | Cash consideration | 12,652 | | — | | 12,652 | | | Consideration for other equity instruments | 3,199 | | — | | 3,199 | | | Purchase price consideration | $ | 83,516 | | $ | — | | $ | 83,516 | | | | | | | Assets | | | | | Cash and cash equivalents | $ | 77,822 | | $ | — | | $ | 77,822 | | | Investment securities available-for-sale | 1,019 | | — | | 1,019 | | | Loans held for sale | 41,723 | | — | | 41,723 | | | Portfolio loans held for investment, net | 362,180 | | (3,712) | | 358,468 | | | Premises and equipment, net | 7,104 | | — | | 7,104 | | | Customer list intangible | 12,200 | | — | | 12,200 | | | Trade name intangible | 2,100 | | — | | 2,100 | | | Core deposits intangible | 1,779 | | — | | 1,779 | | | Loan servicing assets | 4,515 | | (2,107) | | 2,408 | | | Deferred tax asset | 9,324 | | 1,297 | | 10,621 | | | Bank owned life insurance | 4,779 | | — | | 4,779 | | | Other assets | 13,731 | | — | | 13,731 | | | Total assets acquired | $ | 538,276 | | $ | (4,522) | | $ | 533,754 | | | | | | | Liabilities | | | | | Deposits | $ | 458,952 | | $ | — | | $ | 458,952 | | | Other liabilities | 16,934 | | 321 | | 17,255 | | | Total liabilities assumed | $ | 475,886 | | $ | 321 | | $ | 476,207 | | | | | | | Total identifiable net assets | $ | 62,390 | | $ | (4,843) | | $ | 57,547 | | | | | | | Goodwill | $ | 21,126 | | $ | 4,843 | | $ | 25,969 | |
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