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Acquisition (Tables)
6 Months Ended
Jun. 30, 2025
Business Combinations [Abstract]  
Summary of Preliminary Acquisition Date Fair Value of Assets Acquired and Liabilities Assumed, Consideration Paid, and Resulting Goodwill

The following table sets forth the preliminary acquisition date fair value of the assets acquired and the liabilities assumed, the consideration paid, and the resulting goodwill as of June 30, 2025.

 

 

(in thousands)

 

 

 

ASSETS

 

 

 

   Cash and due from banks

 

$

2,417

 

   Property and equipment

 

 

1,048

 

   Right of use assets

 

 

5,047

 

   Identifiable intangible assets

 

 

41,800

 

   Other assets

 

 

1,191

 

Total identifiable assets

 

 

51,503

 

LIABILITIES

 

 

 

   Lease liabilities

 

 

4,709

 

   Other liabilities

 

 

2,257

 

Total liabilities

 

 

6,966

 

Net assets acquired

 

 

44,537

 

Consideration paid

 

 

114,488

 

Goodwill

 

$

69,951