Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

CAC

Schedule of fair value estimates of assets acquired and liabilities assumed

Estimated fair values of the assets acquired and liabilities assumed, as well as the fair value of consideration transferred, were as follows (dollars in thousands):

	CAC
	May 31, 2021
Assets acquired
Cash and cash equivalents	$	298,637
Securities		702,367
Portfolio loans, net of ACL		430,470
Premises and equipment		17,034
Other intangible assets		17,340
Mortgage servicing rights		629
Other assets		8,176
Total assets acquired		1,474,653
Liabilities assumed
Deposits		1,315,671
Other borrowings		16,651
Other liabilities		19,205
Total liabilities assumed		1,351,527
Net assets acquired	$	123,126
Consideration paid:
Cash	$	70,358
Common stock		59,105
Total consideration paid	$	129,463
Goodwill	$	6,337