Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

CedarStone

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	$	25,003	$	—	$	25,003
Fair value of total consideration transferred	$	25,003	$	—	$	25,003
Assets acquired
Cash	$	13,224	$	(1,011)	$	12,213
Investment securities available-for-sale		53,509		(97)		53,412
Federal funds sold		—		—		—
Bank owned life insurance		4,481		—		4,481
Federal Home Loan Bank stock		1,215		—		1,215
Loans		286,102		—		286,102
Premises and equipment		11,106		—		11,106
Core deposit intangibles		5,317		—		5,317
Other assets		773		153		926
Total assets acquired		375,727		(955)		374,772
Liabilities assumed
Deposits		313,536		—		313,536
Short-term borrowings		20,800		—		20,800
Other borrowings		13,627		—		13,627
Other liabilities		2,045		(272)		1,773
Total liabilities assumed		350,008		(272)		349,736
Net identifiable assets		25,719		(683)		25,036
Bargain purchase gain	$	(716)	$	683	$	(33)

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

	Six Months Ended June 30,
(Dollar amounts in thousands, except per share data)	2026		2025
Net interest income	$	119,249	$	108,730
Net income	$	42,125	$	37,779
Basic and diluted earnings per share	$	3.54	$	3.19

SimplyBank

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		(1,797)		11,102
Total liabilities assumed		637,555		(1,797)		635,758
Net identifiable assets		63,090		(934)		62,156
Goodwill	$	10,310	$	934	$	11,244

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