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Subsequent Events
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On January 1, 2020, the Company completed its acquisitions of Two River and Country Bank. The transactions closed on January 1, 2020, and based on the $25.54 per share closing price of the Company’s common stock, the total transaction values were $197 million for Two River and $113 million for Country Bank. The total number of shares issued in the transaction were approximately 5,818,687 for Two River and 4,418,000 for Country Bank.
Two River operated 14 branches and one loan production office. The Two River acquisition added $1.1 billion to assets, $938 million to loans, and $942 million to deposits.
Country Bank operated 5 branches and one loan production office. The Country Bank acquisition added $798 million to assets, $616 million to loans, and $654 million to deposits.
As a result of the Two River and Country Bank acquisitions on January 1, 2020, consolidated assets were $10.2 billion, loans were $7.8 billion, and deposits were $7.9 billion.