XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.2

Business Combination (Tables)

9 Months Ended

Sep. 30, 2021

Business Combinations [Abstract]

Schedule of fair value of identifiable assets and liabilities

Fair value of assets acquired
Cash and cash equivalents		$	31,756
Interest bearing time deposits			11,542
Investment securities			1,362
Federal Home Loan Bank stock			117
Loans held for investment			16,395
Premises and equipment			446
Goodwill			4,325
Core deposit intangible			660
Other assets			192
Total assets acquired		$	66,795
Fair value of liabilities assumed
Deposits		$	51,053
Other liabilities			223
Total liabilities assumed			51,276
Total purchase price (cash)		$	15,519

Schedule of pro forma financial information

Summary of Operations ($ in thousands)		Nine Months Ended
SB Financial Consolidated			Sep. 2021				Sep. 2020
Net interest income		$	28,806			$	27,178
Provision for loan losses			1,050				3,700
Net interest income after provision		$	27,756			$	23,478
Non interest income			24,108				21,237
Non interest expense			33,241				33,474
Income before income taxes		$	18,623			$	11,241
Income tax expense			3,678				2,073
Net income		$	14,945			$	9,168
Basic earnings per share		$	2.09			$	1.19
Diluted earnings per share		$	2.08			$	1.19

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration