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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combinations [Abstract] |
Summary of purchase price calculation and bargain purchase gain | The following table summarizes the purchase price calculation and bargain purchase gain resulting from acquisition:
|  | Fair Value |
(Dollars in thousands except per share data) |  |  |  |
Purchase Price Consideration in Cash for Noah Bank’s Outstanding Shares |  |  |  |
Noah Bank number of common shares outstanding |  |  | 4,235,666 |
Purchase price per share assigned to cash consideration |  | $ | 6.00 |
Cash consideration |  | $ | 25,414 |
Assets Acquired: |  |  |  |
Cash and cash equivalents |  | $ | 23,181 |
Securities available-for-sale |  |  | 6,454 |
Loans receivable, net of allowance |  |  | 185,891 |
Core deposit intangible |  |  | 99 |
Premises and equipment |  |  | 2,495 |
Operating leases right-of-use |  |  | 10,523 |
Deferred tax assets |  |  | 4,308 |
Other assets |  |  | 6,500 |
Fair value of assets acquired |  |  | 239,451 |
Liabilities Assumed: |  |  |  |
Deposits |  |  | 191,700 |
Operating lease liability |  |  | 10,523 |
Other liabilities assumed |  |  | 2,118 |
Fair value of liabilities assumed |  |  | 204,341 |
Total identifiable net assets |  |  | 35,110 |
Bargain purchase gain |  | $ | (9,696 | )

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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