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BRANCH ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2021

BRANCH ACQUISITION

Schedule of assets acquired and liabilities assumed

The following table reflects the basis of assets acquired and liabilities assumed from Riverview Bank as of the acquisition date (in thousands).

​

​	​	​	​	​
Consideration received	​	​		​
Cash received	​	​	$	40,154
​	​	​	​	​
Fair value of assets acquired	​	​	​	​
Cash and cash equivalents	$	258	​	​
Loans	​	36	​	​
Premises and equipment	​	158		​
Core deposit intangible	​	177	​	​
Other assets	​	19	​	​
​	​	​	​	648
Fair value of liabilities assumed	​	​		​
Deposits	​	(42,432)		​
Other liabilities	​	(37)		​
​	​	​		(42,469)
​	​	​	​	​
Total fair value of identifiable net assets	​	​	​	(41,821)
​	​	​	​	​
Goodwill resulting from acquisition	​	​	$	1,667

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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