Business Combinations (Tables)

9 Months Ended

Sep. 30, 2020

Pro Forma Information

The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transactions been effective on the assumed date.

	For Three Months Ended Sept. 30,				For Nine Months Ended Sept. 30,
(In thousands of dollars except per share results)	2020		2019		2020		2019
Net interest income	$	24,165	$	22,912	$	70,568	$	67,677
Net income	$	10,869	$	9,390	$	30,539	$	26,794
Basic earnings per share	$	0.39	$	0.34	$	1.08	$	0.97
Diluted earnings per share	$	0.38	$	0.34	$	1.07	$	0.96

Maple Leaf

Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid for Maple Leaf and the amounts of the assets acquired and liabilities assumed on the closing date of the acquisition.

(In Thousands of Dollars)
Consideration
Cash	$	20,423
Stock		22,554
Fair value of total consideration transferred	$	42,977
Fair value of assets acquired
Cash and due from financial institutions	$	12,287
Securities available for sale		28,038
Loans		181,280
Premises and equipment		229
Core deposit intangible		725
Other assets		6,398
Total assets		228,957
Fair value of liabilities assumed
Deposits		183,251
Long-term borrowings		7,946
Accrued interest payable and other liabilities		4,015
Total liabilities	$	195,212
Net assets acquired		33,745
Goodwill created		9,232
Total net assets acquired	$	42,977