Business Combinations (Tables)

12 Months Ended

Dec. 31, 2020

Pro Forma Information

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

	2020		2019
Net interest income	$	96,550	$	90,997
Net income	$	41,915	$	36,705
Basic earnings per share	$	1.48	$	1.32
Diluted earnings per share	$	1.48	$	1.32

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.

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	$	18,219
Securities available for sale		69,547
Loans, net		181,280
Premises and equipment		229
Core deposit intangible		725
Other assets		6,398
Total assets acquired		276,398
Fair value of liabilities assumed
Deposits		183,251
Long-term borrowings		54,487
Accrued interest payable and other liabilities		3,257
Total liabilities		240,995
Net assets acquired	$	35,403
Goodwill created		7,574
Total net assets acquired	$	42,977