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Note 8 - Business Combination (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Purchase Price
Consideration		$	20,881
Net assets acquired:
Cash and cash equivalents			41,023
Securities available for sale			20,023
Federal Home Loan Bank and Federal Reserve Bank stock			300
Originated loans			174,802
Premises and equipment			6,204
Other real estate owned			346
Deposit based intangible			760
Other assets			1,077
Total assets			244,535
Non-interest bearing deposits			65,499
Interest bearing deposits			162,333
Total deposits			227,832
Subordinated debentures			3,039
Other liabilities			136
Total liabilities			231,007
Net assets acquired			13,528
Goodwill		$	7,353

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			2,915
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

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

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X

- References

No definition available.

+ Details

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