Merger Transaction (Tables)

9 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Based on management's preliminary valuation of tangible and intangible assets acquired and liabilities assumed, the purchase price for the Union acquisition is allocated in the table below. These allocations are subject to change.

(in thousands)	Union Bancshares, Incorporated
Cash and due from banks	$	20,063
Securities available for sale	38,813
Loans	184,344
Premises and equipment	7,223
Goodwill	9,428
Intangible assets	4,213
Other real estate	1,595
Other assets	9,480
Total assets acquired	$	275,159
Deposits	205,078
FHLB borrowings	16,617
Repurchase agreements	6,863
Other liabilities	3,218
Total liabilities assumed	$	231,776
Net assets acquired	$	43,383