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Subsequent Events | 3 Months Ended
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Sep. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events |
Note 15: | Subsequent Events
On October 29, 2025, the Company entered into an agreement to merge with and into ServBanc Holdco, Inc. (“ServBanc”) with the Association merging into ServBank, the wholly owned subsidiary of ServBanc. The Company’s shareholders will receive approximately $89.8 million, or $27.20 in cash for each share of Company common stock, subject to certain potential adjustments described in the merger agreement. The transaction has been unanimously approved by the boards of both the Company and ServBanc and is subject to regulatory approval, Company shareholder approval and other conditions set forth in the merger agreement. The transaction is anticipated to close in the first calendar quarter of 2026.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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