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