XML 30 R25.htm IDEA: XBRL DOCUMENT v3.20.1
BUSINESS COMBINATION (Tables)
3 Months Ended
Mar. 31, 2020
Business Combination, Goodwill [Abstract]  
Schedule of merger with County

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

 

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

 

 

2,915

 

Loans to other financial institutions

 

 

33,481

 

Originated loans

 

 

390,116

 

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

 

 

672,762

 

 

 

 

 

 

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

 

 

3,282

 

        Total liabilities

 

 

603,683

 

 

 

 

 

 

    Net assets acquired

 

 

69,079

 

 

 

 

 

 

    Goodwill

 

$

   38,866