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Business Acquisition (Tables)
12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Summary of Estimated Fair Values of the Assets Acquired and Liabilities Assumed

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

 

 

 

Fair Value

(in thousands)

 

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