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Acquisitions and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Summary of Consideration Paid | The following table summarizes the consideration paid for the branch and the allocation to the assets acquired and liabilities assumed based on estimates of fair value at the acquisition date:
Assets |
Cash | $ | 381,000 |
Loans & accrued interest | 23,138,000 |
Premises and equipment | 696,000 |
Prepaid expenses | 10,000 |
Core deposit intangible | 262,000 |
Goodwill | 841,000 |
Liabilities |
Deposits | $ | 19,261,000 |
Other liabilities | 7,000 |

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