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Acquisition (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Assets and Liabilities Acquisition

The following table summarizes the consideration paid for Freedom Bancshares, Inc. and the amounts of the assets acquired and liabilities assumed at the acquisition date:

 

   As of 
(Dollars in thousands)  October 1, 2022 
     
Cash paid in acquisition  $33,350 
      
Assets acquired:     
Cash and cash equivalents   32,778 
Investment securities   33,126 
Bank stocks   699 
Loans   113,910 
Bank owned life insurance   4,374 
Premises and equipment   3,782 
Core deposit intangibles   4,170 
Other   7,016 
Total assets acquired   199,855 
      
Liabilities assumed:     
Deposits   150,410 
FHLB advances   7,000 
Other borrowings   22,198 
Other liabilities   1,742 
Total liabilities assumed   181,350 
      
Net assets acquired   18,505 
      
Goodwill  $14,845 
Schedule of Unaudited Pro Forma Consolidated Operating Acquisition

 

         
(Dollars in thousands, except per share amounts)  Years ended December 31, 
   2022   2021 
         
Net interest income  $44,750   $45,942 
Net earnings   9,098    19,922 
Earnings per share (1):          
Basic (1)   1.66    3.62 
Diluted (1)   1.65    3.61 

 

(1)All per share amounts have been adjusted to give effect to the 5% stock dividends paid during December 2022 and 2021.