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Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2020
Schedule of acquired loans | ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020 | ​ | December 31, 2019 | ​
​ |  | Acquired Loans - |  | Acquired Loans - |  | ​ | ​ |  | Acquired Loans - |  | Acquired Loans - |  | ​ | ​ |
​ | ​ | Purchased | ​ | Purchased | ​ | Acquired Loans - | ​ | Purchased | ​ | Purchased | ​ | Acquired Loans - |
(Dollars in thousands) | ​ | Credit Impaired | ​ | Performing | ​ | Total | ​ | Credit Impaired | ​ | Performing | ​ | Total |
Outstanding principal balance | ​ | $ | 12,760 | ​ | $ | 89,043 | ​ | $ | 101,803 | ​ | $ | 6,262 | ​ | $ | 27,839 | ​ | $ | 34,101 | ​
Carrying amount | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Real estate – residential mortgage | ​ | $ | 1,473 | ​ | $ | 15,117 | ​ | $ | 16,590 | ​ | $ | 107 | ​ | $ | 7,035 | ​ | $ | 7,142 | ​
Real estate – construction | ​ | ​ | — | ​ | ​ | 1,077 | ​ | ​ | 1,077 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Commercial, financial and agricultural1 | ​ |  | 4,758 | ​ |  | 58,796 | ​ |  | 63,554 | ​ |  | 563 | ​ |  | 11,338 | ​ |  | 11,901 | ​
Equity lines | ​ |  | 80 | ​ |  | 10,182 | ​ |  | 10,262 | ​ |  | 35 | ​ |  | 8,046 | ​ |  | 8,081 | ​
Consumer | ​ |  | 48 | ​ |  | 1,924 | ​ |  | 1,972 | ​ |  | — | ​ |  | 3 | ​ |  | 3 | ​
Total acquired loans | ​ | $ | 6,359 | ​ | $ | 87,096 | ​ | $ | 93,455 | ​ | $ | 705 | ​ | $ | 26,422 | ​ | $ | 27,127 | ​
1 | Includes acquired loans classified by the Corporation as commercial real estate lending and commercial business lending.
Peoples Bankshares, Incorporated (Peoples) |
Schedule of total consideration paid, the fair values of assets acquired and liabilities assumed, and the resulting goodwill | ​
​ | ​ | ​ | ​ | ​
​ |  | Amounts | ​
​ | ​ | Recognized as of | ​
(Dollars in thousands) | ​ | January 1, 2020 | ​
Purchase price: | ​ | ​ | ​ | ​
Cash paid | ​ | $ | 10,579 | ​
Common stock issued | ​ |  | 11,612 | ​
Total purchase price | ​ | $ | 22,191 | ​
​ | ​ | ​ | ​ | ​
Identifiable assets acquired: | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 29,680 | ​
Securities available for sale | ​ |  | 17,169 | ​
Loans | ​ |  | 124,195 | ​
Accrued interest receivable | ​ | ​ | 430 | ​
Corporate premises and equipment | ​ |  | 3,105 | ​
Other real estate owned | ​ |  | 281 | ​
Core deposit intangible asset | ​ |  | 1,711 | ​
Bank-owned life insurance | ​ | ​ | 3,591 | ​
Investment in small business investment company | ​ | ​ | 1,493 | ​
Other receivables | ​ | ​ | 5,234 | ​
Other assets | ​ |  | 3,658 | ​
Total identifiable assets acquired | ​ |  | 190,547 | ​
​ | ​ | ​ | ​ | ​
Identifiable liabilities assumed: | ​ | ​ | ​ | ​
Demand and savings deposits | ​ |  | 94,798 | ​
Time deposits | ​ | ​ | 77,018 | ​
Borrowings | ​ |  | 4,245 | ​
Accrued interest payable | ​ |  | 260 | ​
Salaries, benefits and deferred compensation | ​ | ​ | 2,054 | ​
Other liabilities | ​ |  | 747 | ​
Total identifiable liabilities assumed | ​ |  | 179,122 | ​
​ | ​ | ​ | ​ | ​
Net identifiable assets acquired | ​ | $ | 11,425 | ​
​ | ​ | ​ | ​ | ​
Goodwill resulting from acquisition | ​ | $ | 10,766 | ​
Schedule of acquired loans | ​
​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | January 1, 2020 |
Contractual principal and interest due | ​ | $ | 20,310 | ​
Nonaccretable difference | ​ |  | (7,679) | ​
Expected cash flows | ​ |  | 12,631 | ​
Accretable yield | ​ |  | (3,372) | ​
Purchased credit impaired loans - estimated fair value | ​ | $ | 9,259 | ​
Schedule of unaudited pro forma amounts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Unaudited Pro Forma |  |  |
​ | ​ | Year Ended | ​ | ​ |
(Dollars in thousands, except per share amounts) | ​ | December 31, 2019 | ​ | ​ |
Total revenues (net interest income plus nonintererest income) | ​ | $ | 120,173 | ​ | ​ | ​
Net income | ​ | $ | 18,261 | ​ | ​ | ​
Net income per share, basic and diluted | ​ | $ | 4.99 | ​ | ​ | ​

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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