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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2025
Acquisitions  
Summary of the consideration paid and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date

Measurement

As Initially

Period

(Dollar amounts in thousands)

    

Reported

Adjustments

As Adjusted

Consideration

  

  

  

Cash consideration

$

73,400

$

$

73,400

Fair value of total consideration transferred

$

73,400

$

$

73,400

Assets acquired

 

  

 

  

 

  

Cash

$

101,553

$

$

101,553

Investment securities available-for-sale

 

77,350

 

 

77,350

Federal funds sold

 

 

 

Bank owned life insurance

 

12,816

 

 

12,816

Federal Home Loan Bank stock

 

726

 

 

726

Loans

 

467,997

 

(2,731)

 

465,266

Premises and equipment

 

14,231

 

 

14,231

Core deposit intangibles

 

19,788

 

 

19,788

Other assets

 

6,184

 

 

6,184

Total assets acquired

 

700,645

 

(2,731)

 

697,914

Liabilities assumed

 

  

 

  

 

  

Deposits

 

622,937

 

 

622,937

FHLB advances

 

1,719

 

 

1,719

Other liabilities

 

12,899

 

 

12,899

Total liabilities assumed

 

637,555

 

 

637,555

Net identifiable assets

 

63,090

 

(2,731)

 

60,359

Goodwill

$

10,310

$

2,731

$

13,041

Schedule of pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transactions been effected on the assumed dates

    

Year Ended December 31,

(Dollar amounts in thousands, except per share data)

2024

2023

Net interest income

$

188,441

$

196,646

Net income

$

36,425

$

70,586

Basic and diluted earnings per share

$

3.08

$

5.91