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Note 2 - Bank Acquisition (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

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

Cash consideration transferred		$	22,643
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and due from banks		$	3,188
Federal funds sold			2,792
Interest bearing deposits in financial institutions			21,035
Securities available-for-sale			33,615
Federal Home Loan Bank stock at cost			365
Loans receivable			137,776
Accrued interest receivable			2,888
Bank premises and equipment			2,452
Other real estate owned			3,582
Bank owned life insurance			2,499
Core deposit intangible asset			1,891
Other assets			204
Deposits			(188,631	)
Securities sold under repurchase agreements			(1,747	)
Accrued interest payable and other liabilities			(1,946	)
Total identifiable net assets			19,963
Goodwill		$	2,680

Schedule of Business Acquisitions, Acquired Receivables [Table Text Block]

Pass		$	121,346
Watch			12,333
Special Mention			-
Substandard			6,024
Total loans acquired at book value		$	139,703

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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

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-Publisher FASB
-Name Accounting Standards Codification
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