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Acquisition of MSB Financial Corp. - Summary of Assets Acquired and Liabilities Assumed Through Merger at Fair Value (Detail) - USD ($)
$ in Thousands
6 Months Ended
Jul. 10, 2020
Dec. 31, 2020
Business Acquisition [Line Items]    
Bargain purchase gain   $ (3,053)
MSB Financial Corporation [Member]    
Business Acquisition [Line Items]    
Cash paid for acquisition $ 9,830  
Value of stock issued 45,133  
Total purchase price 54,963  
Cash and cash equivalents 14,126  
Investment securities 3,490  
Loans receivable 530,244  
Premises and equipment 4,477  
FHLB stock 3,345  
Accrued interest receivable 1,701  
Core deposit intangibles 690  
Bank owned life insurance 14,663  
Deferred income taxes, net 3,881  
Other assets 5,325  
Total assets acquired 581,942  
Deposits 460,178  
FHLB borrowings 62,900  
Advance payments by borrowers for taxes 794  
Other liabilities 54  
Total liabilities assumed 523,926  
Net assets acquired 58,016  
Bargain purchase gain (3,053)  
MSB Financial Corporation [Member] | As Recorded by MSB [Member]    
Business Acquisition [Line Items]    
Cash and cash equivalents 14,126  
Investment securities 4,000  
Loans receivable 537,589  
Allowance for loan losses (6,037)  
Premises and equipment 7,698  
FHLB stock 3,345  
Accrued interest receivable 1,701  
Bank owned life insurance 14,663  
Deferred income taxes, net 1,729  
Other assets 4,830  
Total assets acquired 583,644  
Deposits 458,392  
FHLB borrowings 62,900  
Advance payments by borrowers for taxes 794  
Other liabilities 810  
Total liabilities assumed 522,896  
MSB Financial Corporation [Member] | Fair Value Adjustments [Member]    
Business Acquisition [Line Items]    
Investment securities [1] (510)  
Loans receivable [2] (7,345)  
Allowance for loan losses [3] 6,037  
Premises and equipment [4] (3,221)  
Core deposit intangibles [5] 690  
Deferred income taxes, net [6] 2,152  
Other assets [7] 495  
Total assets acquired (1,702)  
Deposits [8] 1,786  
Other liabilities [9] (756)  
Total liabilities assumed $ 1,030  
[1]

Represents the fair value adjustments on investment securities.

[2]

Represents the fair value adjustments on the net book value of loans, which includes an interest rate mark and credit mark adjustment and the reversal of deferred fees/costs and premiums.

[3]

Represents the elimination of MSB’s allowance for loan losses.

[4]

Represents the fair value adjustments to reflect the fair value of land and buildings and premises and equipment, which will be amortized on a straight-line basis over the estimated useful lives of the individual assets.

[5]

Represents the intangible assets recorded to reflect the fair value of core deposits.  The core deposit asset was recorded as an identifiable intangible asset and will be amortized on an accelerated basis over the estimated average life of the deposit base.

[6]

Represents an adjustment to net deferred tax assets resulting from the fair value adjustments related to the acquired assets, liabilities assumed and identifiable intangible assets recorded.

[7] Represents an adjustment to other assets acquired.
[8]

Represents fair value adjustments on time deposits, which will be treated as a reduction of interest expense over the remaining term of the time deposits.

[9] Represents an adjustment to other liabilities assumed.