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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

 

 

 

 

 

 

 

 

 

Assets

    

 

  

 

Liabilities

 

 

  

Cash and cash equivalents

 

$

11,326

 

Deposits

 

 

  

Interest-bearing time deposits

 

 

8,747

 

Non-interest bearing

 

$

81,061

Investment securities, available for sale

 

 

87,817

 

NOW accounts

 

 

66,372

 

 

 

 

 

Savings and money market

 

 

85,690

Loans

 

 

 

 

Certificated of deposits

 

 

82,107

Commercial

 

 

203,489

 

Total deposits

 

 

315,230

Residential mortgage

 

 

36,410

 

 

 

 

 

Consumer

 

 

12,532

 

Borrowings

 

 

25,463

Total loans

 

 

252,431

 

Interest payable

 

 

81

 

 

 

 

 

Subordinated debt

 

 

4,000

Premises and equipment, net

 

 

4,799

 

Other liabilities

 

 

462

Federal Home Loan Bank stock

 

 

1,637

 

Total liabilities assumed

 

$

345,236

Deferred tax asset, net

 

 

2,848

 

 

 

 

 

Cash value of life insurance

 

 

7,556

 

 

 

 

 

Goodwill

 

 

20,511

 

 

 

 

 

Core deposit intangible

 

 

4,545

 

 

 

 

 

Interest receivable

 

 

1,259

 

 

 

 

 

Other real estate owned and repossessed assets

 

 

1,009

 

 

 

 

 

Other assets

 

 

2,073

 

 

 

 

 

Total assets purchased

 

$

406,558

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares issued

 

$

42,323

 

 

 

 

 

Cash paid

 

 

18,999

 

 

 

 

 

Total purchase price

 

$

61,322