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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

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Measurement

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As Initially

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Period

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(Dollar amounts in thousands)

    

Reported

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Adjustments

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As Adjusted

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Consideration

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Cash consideration

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$

73,400

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$

—

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$

73,400

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Fair value of total consideration transferred

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$

73,400

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$

—

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$

73,400

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Assets acquired

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Cash

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$

101,553

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$

—

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$

101,553

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Investment securities available-for-sale

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77,350

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—

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77,350

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Federal funds sold

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—

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—

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—

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Bank owned life insurance

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12,816

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—

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12,816

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Federal Home Loan Bank stock

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726

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—

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726

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Loans

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467,997

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(2,731)

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465,266

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Premises and equipment

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14,231

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—

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14,231

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Core deposit intangibles

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19,788

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—

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19,788

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Other assets

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6,184

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—

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6,184

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Total assets acquired

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700,645

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(2,731)

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697,914

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Liabilities assumed

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Deposits

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622,937

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—

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622,937

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FHLB advances

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1,719

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—

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1,719

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Other liabilities

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12,899

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—

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12,899

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Total liabilities assumed

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637,555

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—

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637,555

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Net identifiable assets

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63,090

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(2,731)

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60,359

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Goodwill

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$

10,310

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$

2,731

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$

13,041

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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

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Year Ended December 31,

(Dollar amounts in thousands, except per share data)

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2024

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2023

Net interest income

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$

188,441

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$

196,646

Net income

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$

36,425

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$

70,586

Basic and diluted earnings per share

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$

3.08

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$

5.91

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