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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Summary of Estimated Fair Values of the Assets Acquired and Liabilities Assumed

 


Note 2.Business Acquisition (Continued)

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of Mortgage World:

 

 

 

Fair Value

 

Fair value of acquisition consideration

 

$

1,755

 

Assets:

 

 

 

 

Cash and cash equivalents

 

 

750

 

Mortgage loans held for sale, at fair value

 

 

10,549

 

Premises and equipment, net

 

 

302

 

Other assets

 

 

772

 

Total assets

 

$

12,373

 

 

 

 

 

 

Liabilities:

 

 

 

 

Warehouse lines of credit

 

$

9,135

 

Mortgage loans fundings payable

 

 

1,237

 

Other liabilities

 

 

246

 

Total Liabilities

 

$

10,618

 

Net assets

 

$

1,755