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Integra Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | A summary of the fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill, which represents the expected synergies from the Integra merger, and is not deductible for tax purposes, is as follows:
(In thousands) |  |  |  |
Assets acquired: |  |  |  |
Factored receivables |  | $ | 33,442 |
Other assets |  |  | 270 |
Premises and equipment |  |  | 24 |
Loans receivable |  |  | 1,103 |
|  |  | 34,839 |
Liabilities assumed: |  |  |  |
Deposits |  |  | 2,535 |
Other liabilities |  |  | 253 |
Borrowings |  |  | 28,927 |
|  |  | 31,715 |
Fair value of net assets acquired |  |  | 3,124 |
Consideration: |  |  |  |
Cash paid |  |  | 3,185 |
Common stock |  |  | 10,650 |
Total consideration |  |  | 13,835 |
Goodwill |  | $ | 10,711 |
Business Acquisition, Pro Forma Information [Table Text Block] | The tables have been prepared for comparative purposes only and are not necessarily indicative of the actual results that would have been obtained had the acquisition occurred on January 1, 2020, nor is it indicative of future results.
(In thousands) |  | Actual Integra results of operations for the Period January 1, 2021 through June 30, 2021 |  |  | Actual for the Year Ended December 31, 2021 |  |  | Pro Forma for the Year Ended December 31, 2021 |
Net interest income |  | $ | 2,373 |  |  | $ | 23,543 |  |  | $ | 25,916 |
Noninterest income |  |  | 248 |  |  |  | 36,624 |  |  |  | 36,872 |
Noninterest expense |  |  | 1,377 |  |  |  | 38,330 |  |  |  | 39,707 |
Net income after income taxes |  |  | 983 |  |  |  | 17,034 |  |  |  | 18,017 |
(In thousands) |  | Actual Integra results of operations for the Year Ended December 31, 2020 |  |  | Actual for the Year Ended December 31, 2020 |  |  | Pro Forma for the Year Ended December 31, 2020 |
Net interest income |  | $ | 2,706 |  |  | $ | 13,900 |  |  | $ | 16,606 |
Noninterest income |  |  | 401 |  |  |  | 33,721 |  |  |  | 34,122 |
Noninterest expense |  |  | 1,652 |  |  |  | 33,699 |  |  |  | 35,351 |
Net income after income taxes |  |  | 1,149 |  |  |  | 10,925 |  |  |  | 12,074 |

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