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Acquisition
6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Acquisition

2. Acquisition

 

On June 28, 2022, the Company announced the execution of a definitive agreement to acquire Freedom Bancshares, Inc., the holding company of Freedom Bank. Freedom Bank was founded in 2006 and operates out of a single location in Overland Park, Kansas. As of June 30, 2022, Freedom Bank reported total assets of $216.2 million, net loans of $121.0 million, and total deposits of $162.4 million. The acquisition is expected to close in the fourth quarter of 2022 subject to regulatory approval, customary closing requirements and approval of the shareholders of Freedom Bancshares, Inc.