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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Estimated values of the assets acquired and liabilities assumed are as follows:

(Dollars in thousands)

 

 

 

Assets of acquired bank:

 

 

 

Cash and cash equivalents

 

$

16,215

 

Securities available for sale

 

 

3,785

 

Loans

 

 

259,606

 

Premises and equipment

 

 

7,672

 

Goodwill

 

 

18,034

 

Core deposit intangible

 

 

1,615

 

Bank owned life insurance

 

 

5,001

 

Federal Home Loan Bank stock

 

 

1,431

 

Other assets

 

 

2,512

 

Total assets acquired

 

$

315,871

 

Liabilities of acquired bank:

 

 

 

Deposits

 

$

260,155

 

Other liabilities

 

 

4,751

 

Total liabilities assumed

 

$

264,906

 

Common stock issued @ $21.53 per share

 

$

50,861

 

Cash paid

 

$

104