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Note 2 - Business Combination (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

June 1, 2024		As Recorded by FCB				Estimated Fair Value Adjustments				Estimated Fair Values as Recorded by NBI
Purchase Price Consideration:
Stock consideration(1)										$	14,299
Cash consideration (2)											2,050
Total purchase price consideration										$	16,349
Identifiable assets:
Cash and cash equivalents		$	8,993			$	(59	)		$	8,934
Securities			9,325				(5	)			9,320
Loans, gross, purchased performing			115,589				(7,720	)			107,869
Loans, gross, purchased credit deteriorated			11,157				(822	)			10,335
Loans in process			539				-				539
Deferred fees and costs on loans			34				(34	)			-
Allowance for credit losses on loans			(881	)			881				-
Premises and equipment			3,003				449				3,452
Core deposit intangible			-				2,100				2,100
Other assets			4,998				966				5,964
Total identifiable assets acquired		$	152,757			$	(4,244	)		$	148,513
Identifiable Liabilities
Deposits			130,323				(606	)		$	129,717
Borrowings			5,250				(20	)			5,230
Other liabilities			1,960				131				2,091
Total identifiable liabilities assumed		$	137,533			$	(495	)		$	137,038
Provisional fair value of net assets acquired										$	11,475
Provisional goodwill										$	4,874

June 1, 2024		PCD Loans				Non-PCD Loans
Number of loans			46				498
FCB recorded value		$	11,157			$	115,589
Discount for credit risk			(295	)			(498	)
Discount for non-credit factors			(527	)			(7,222	)
Fair value		$	10,335			$	107,869

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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X

- References

No definition available.

+ Details

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