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Business Combination and Asset Purchase (Tables)
3 Months Ended
Mar. 31, 2021
Business Acquisition [Line Items]  
Summary of Changes in Accretable Yield or Income Expected to be Collected

Changes in accretable yield, or income expected to be collected, for the three months ended are as follows:

 

 

 

Three Months Ended

March 31, 2021

 

 

Three Months Ended

March 31, 2020

 

 

 

(In Thousands)

 

 

(In Thousands)

 

Beginning Balance

 

$

1,653

 

 

$

2,021

 

Additions

 

 

1

 

 

 

1

 

Accretion

 

 

(108

)

 

 

(106

)

Reclassification from nonaccretable difference

 

 

-

 

 

 

62

 

Disposals

 

 

(4

)

 

 

-

 

Ending Balance

 

$

1,542

 

 

$

1,978

 

Schedule of Annual Amortization of Core Deposit Intangible Assets Annual amortization of core deposit intangible assets is as follows:

 

 

(In Thousands)

 

 

 

Geneva

 

2021

 

$

560

 

2022

 

 

560

 

2023

 

 

560

 

2024

 

 

560

 

2025

 

 

560

 

Thereafter

 

 

-

 

 

 

$

2,800

 

Customer Lists [Member]  
Business Acquisition [Line Items]  
Schedule of Annual Amortization of Core Deposit Intangible Assets Future amortization expense of customer list intangible is as follows:

 

 

(In Thousands)

 

 

 

Adams County Financial Resources

 

2021

 

$

123

 

2022

 

 

123

 

2023

 

 

123

 

2024

 

 

123

 

2025

 

 

123

 

Thereafter

 

 

169

 

 

 

$

784

 

 

Adams County Financial Resources  
Business Acquisition [Line Items]  
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized

The following table summarizes the consideration paid for ACFR and the amounts of the assets acquired:

 

Fair Value of Consideration Transferred

 

 

 

 

 

 

(In Thousands)

 

Common Shares (40,049 shares)

 

$

825

 

Total

 

$

825

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

Premises and equipment

 

$

25

 

Customer list intangible

 

 

800

 

Total Assets Purchased

 

$

825