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Business Combination (Tables)
12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Schedule of fair value of identifiable assets and liabilities
($ in thousands)   June 5,
2020
 
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     4,299  
Core deposit intangible     660  
Other assets     192  
Total assets acquired   $ 66,769  
         
Fair value of liabilities assumed        
Deposits   $ 51,053  
Other liabilities     223  
Total liabilities assumed     51,276  
         
Total purchase price (cash)   $ 15,493  

 

Schedule of pro forma financial information
   Twelve Months
Ended December 31,
 
Summary of Operations ($ in thousands)  2020 
     
Net interest income  $36,429 
Provision for loan losses   4,500 
      
Net interest income after provision   31,929 
      
Non interest income   30,140 
Non interest expense   44,158 
      
Income before income taxes   17,911 
Income tax expense*   3,384 
      
Net income  $14,527 
      
Basic earnings per share  $
-
 
Diluted earnings per share  $1.90