MERGERS AND ACQUISITIONS AND BRANCH CONSOLIDATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Summary of Consideration Paid and Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid for Hamilton and the estimated fair values of the assets acquired and liabilities assumed at the acquisition date.

Fair value of consideration transferred:
Cash	$	14,197
Common stock issued	36,622
Total consideration transferred	$	50,819
Estimated fair values of assets acquired and liabilities assumed:
Cash and cash equivalents	$	43,140
Securities available for sale	60,882
Restricted investments in bank stocks	2,658
Loans	347,143
Premises and equipment	3,749
Core deposit intangible	4,550
Goodwill	6,132
Cash surrender value of life insurance	17,948
Deferred tax asset, net	7,257
ROU lease asset	2,793
Other assets	3,925
Total assets acquired	$	500,177
Deposits	$	(388,246)
Borrowings	(51,393)
Other liabilities	(9,719)
Total liabilities assumed	$	(449,358)

Schedule of Loans Acquired in Business Combination

The following table presents performing and PCI loans acquired, by loan class, at May 1, 2019.

Upon completion of the Hamilton acquisition, the Company sold the acquired investment portfolio and paid off acquired borrowings at the indicated fair value amounts in conjunction with its asset/liability management strategies.

	Performing		PCI		Total
Commercial real estate:
Owner-occupied	$	42,148	$	5,894	$	48,042
Non-owner occupied	45,401		770		46,171
Multi-family	10,773		—		10,773
Acquisition and development:
1-4 family residential construction	7,450		—		7,450
Commercial and land development	4,528		—		4,528
Commercial and industrial	32,316		1,914		34,230
Residential mortgage:
First lien	152,657		10,494		163,151
Home-equity - term	4,478		1		4,479
Home equity - lines of credit	13,657		—		13,657
Installment and other loans	14,467		195		14,662
Total loans acquired	$	327,875	$	19,268	$	347,143

Schedule of Fair Value Adjustments Made to Amortized Cost Basis Loans

The following table presents the fair value adjustments made to the amortized cost basis of loans acquired at May 1, 2019.

Gross amortized cost basis at acquisition	$	362,125
Market rate adjustment	(5,309)
Credit fair value adjustment on non-credit impaired loans	(3,947)
Credit fair value adjustment on impaired loans	(5,726)
Estimated fair value of acquired loans	$	347,143

Schedule of Information About Purchased Credit Impaired Loans

The following table provides information about acquired PCI loans at May 1, 2019.

Contractually required principal and interest at acquisition	$	31,599
Contractual cash flows not expected to be collected (nonaccretable discount)	(8,834)
Expected cash flows at acquisition	22,765
Interest component of expected cash flows (accretable discount)	(3,497)
Estimated fair value of acquired PCI loans	$	19,268