XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.25.3

Note 12 - Business Combinations - Acquisition of Conerstone Community Bancorp (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Notes Tables |
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block] |
Identifiable Assets: |  |  | ( in thousands) |
Cash and cash equivalents |  | $ | 51,916 |
Investment Securities |  |  | 88,067 |
Loans |  |  | 462,489 |
Core deposit intangible |  |  | 11,610 |
Bank premises and equipment |  |  | 12,567 |
Bank owned life insurance |  |  | 16,399 |
Other assets |  |  | 16,300 |
Total identifiable assets acquired |  | $ | 659,348 |
Liabilities: |  |  |  |
Deposits: |  |  |  |
Non-interest bearing |  | $ | 88,557 |
Interest bearing |  |  |  |
Savings accounts |  |  | 21,797 |
Money market accounts |  |  | 334,289 |
Time accounts |  |  | 136,239 |
Total deposits |  |  | 580,882 |
FHLB borrowings |  |  | 15,000 |
Subordinated debentures |  |  | 11,623 |
Other liabilities |  |  | 9,240 |
Total liabilities assumed |  | $ | 616,745 |
Net identifiable assets |  | $ | 42,603 |
Book value of net assets acquired from Cornerstone |  | $ | 41,727 |
Fair value adjustments: |  |  |  |
Loans (net of Cornerstone's deferred costs/fees and allowance) |  |  | (9,152 | )
Bank premises and equipment |  |  | (1,123 | )
Core deposit intangible asset |  |  | 11,610 |
Subordinated debentures |  |  | 379 |
Time Deposits |  |  | (556 | )
Other |  |  | (317 | )
Total purchase accounting adjustments |  | $ | 841 |
Deferred tax asset (tax effect of purchase accounting adjustments at 29.56% plus tax on cash paid on termination of stock options) |  |  | 35 |
Fair value of net identifiable assets acquired from Cornerstone |  | $ | 42,603 |
Merger consideration (cash payments of $16.1 million and $45.2 million in stock) |  |  | 61,316 |
Less: fair value of net assets acquired from Cornerstone |  |  | (42,603 | )
Goodwill recognized |  | $ | 18,713 |
Business Combination, Pro Forma Information [Table Text Block] |
Period Ended |  | Net Interest Income |  | Net Income
Three Months Ended Sept 30, 2025 | $ | 24,458 | $ | 9,113
Nine Months Ended Sept 30, 2025 | $ | 71,098 | $ | 26,417
Three Months Ended Sept 30, 2024 | $ | 23,588 | $ | 2,228
Nine Months Ended Sept 30, 2024 | $ | 70,683 | $ | 8,030
| ● | Amortization of acquired intangibles | $ | 1,700 |
| ● | Accretion of discount on loans | $ | 1,131 |
| ● | Accretion of premium on time deposits acquired | $ | 556 |
| ● | Amortization of discount on subordinated debentures | $ | 148 |
| ● | Income tax benefit of adjustments | $ | 48 |

X
- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration