XML 130 R52.htm IDEA: XBRL DOCUMENT v3.20.1

Business Combination (Tables)

12 Months Ended

Dec. 31, 2019

Business Combination, Goodwill [Abstract]

Schedule of merger with county

The table below highlights the allocation of purchase price for the merger with County (dollars in thousands):

Purchase Price:
Consideration		$	107,945
Net assets acquired:
Cash and cash equivalents			20,638
Equity securities at fair value			474
Securities available for sale			187,230
Federal Home Loan Bank and Federal Reserve Bank stock			2,903
Loans to other financial institutions			33,481
Originated loans			390,354
Premises and equipment			9,271
Other real estate owned			1,364
Deposit based intangible			6,359
Bank owned life insurance			16,912
Other assets			4,002
Total assets			672,988
Non-interest bearing deposits			124,113
Interest bearing deposits			449,488
Total deposits			573,601
Federal funds purchased			3,800
Advances from Federal Home Loan Bank			23,000
Other liabilities			3,784
Total liabilities			604,185
Net assets acquired			68,803
Goodwill		$	39,142

Schedule of indicative of the future results of the company

These unaudited pro forma results are presented for illustrative purposes only and are not intended to represent or be indicative of the actual results of operations of the combined banking organization that would have been achieved had the merger occurred at the beginning of the period, nor are they intended to represent or be indicative of the future results of the Company.

(Dollars in thousands, except per share data)
		2019				2018				2017
Net interest income		$	44,440			$	42,974			$	40,178
Noninterest income			13,289				12,151				13,364
Noninterest expense			42,611				38,501				37,361
Net income			13,487				14,251				11,513
Net income per diluted share			1.86				1.97				1.63

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationGoodwillAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financial highlights. Includes, but is not limited to, per share information, income and expense ratios, total return, capital commitment and fee waiver.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 205
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25866437&loc=d3e10177-115837

+ Details

Name:	us-gaap_InvestmentCompanyFinancialHighlightsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration