XML 85 R52.htm IDEA: XBRL DOCUMENT v3.20.1
Note 2 - Acquisition - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
May 01, 2019
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Goodwill, Ending Balance   $ 12,513 $ 12,513 $ 682 $ 682
King Bancorp Inc. [Member]          
Securities available for sale $ 12,427        
Federal Home Loan Bank stock, at cost 1,517        
Federal Reserve Bank stock, at cost 490        
Loans 164,029        
Allowance for credit losses 0        
Net loans 164,029        
Premises and equipment, net 3,461        
Bank owned life insurance 3,431        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles 1,519        
Other real estate owned 0        
Other assets and accrued interest receivable 831        
Total assets acquired 192,782        
Non-interest bearing 24,939        
Interest bearing [1],[2] 100,587        
Total deposits 125,526        
Federal funds purchased 1,566        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances 43,299   $ 43,000    
Other liabilities and accrued interest payable 313        
Total liabilities assumed 176,613        
Net assets acquired 16,169        
Cash consideration paid (28,000)        
Goodwill, Ending Balance 11,831 $ 12,000      
King Bancorp Inc. [Member] | Subordinated Debt [Member]          
Long-term debt 3,609        
King Bancorp Inc. [Member] | Line of Credit [Member]          
Long-term debt 2,300        
King Bancorp Inc. [Member] | As Recorded By Acquiree [Member]          
Securities available for sale 12,404        
Federal Home Loan Bank stock, at cost 1,517        
Federal Reserve Bank stock, at cost 490        
Loans 165,744        
Allowance for credit losses (1,812)        
Net loans 163,932        
Premises and equipment, net 4,358        
Bank owned life insurance 3,431        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles 0        
Other real estate owned 325        
Other assets and accrued interest receivable 867        
Total assets acquired 192,401        
Non-interest bearing 24,939        
Interest bearing [1],[2] 100,839        
Total deposits 125,778        
Federal funds purchased 1,566        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances 43,718        
Other liabilities and accrued interest payable 313        
Total liabilities assumed 177,284        
Net assets acquired 15,117        
King Bancorp Inc. [Member] | As Recorded By Acquiree [Member] | Subordinated Debt [Member]          
Long-term debt 3,609        
King Bancorp Inc. [Member] | As Recorded By Acquiree [Member] | Line of Credit [Member]          
Long-term debt 2,300        
King Bancorp Inc. [Member] | As Adjusted By Acuirer [Member]          
Securities available for sale [2],[3] 23        
Federal Home Loan Bank stock, at cost [2] 0        
Federal Reserve Bank stock, at cost [2] 0        
Loans [2],[4] (1,597)        
Allowance for credit losses [4] 1,812        
Net loans [2] 215        
Premises and equipment, net [2],[5] (1,328)        
Bank owned life insurance [2] 0        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles [2],[6] 1,519        
Other real estate owned [2],[7] (325)        
Other assets and accrued interest receivable [2],[8] (36)        
Total assets acquired [2] 68        
Non-interest bearing [2] 0        
Interest bearing [1],[2] (252)        
Total deposits (252)        
Federal funds purchased [2] 0        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances [2],[9] (419)        
Other liabilities and accrued interest payable [2] 0        
Total liabilities assumed [2] (671)        
Net assets acquired [2] 739        
King Bancorp Inc. [Member] | As Adjusted By Acuirer [Member] | Subordinated Debt [Member]          
Long-term debt [2] 0        
King Bancorp Inc. [Member] | As Adjusted By Acuirer [Member] | Line of Credit [Member]          
Long-term debt [2] 0        
King Bancorp Inc. [Member] | Recast Adjustment [Member]          
Securities available for sale 0        
Federal Home Loan Bank stock, at cost 0        
Federal Reserve Bank stock, at cost 0        
Loans [4] (118)        
Allowance for credit losses 0        
Net loans (118)        
Premises and equipment, net [5] 431        
Bank owned life insurance 0        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles 0        
Other real estate owned 0        
Other assets and accrued interest receivable 0        
Total assets acquired 313        
Non-interest bearing 0        
Interest bearing [1],[2] 0        
Total deposits 0        
Federal funds purchased 0        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances 0        
Other liabilities and accrued interest payable 0        
Total liabilities assumed 0        
Net assets acquired 313        
King Bancorp Inc. [Member] | Recast Adjustment [Member] | Subordinated Debt [Member]          
Long-term debt 0        
King Bancorp Inc. [Member] | Recast Adjustment [Member] | Line of Credit [Member]          
Long-term debt 0        
King Bancorp Inc. [Member] | Cash [Member]          
Cash and equivalents 3,316        
King Bancorp Inc. [Member] | Cash [Member] | As Recorded By Acquiree [Member]          
Cash and equivalents 3,316        
King Bancorp Inc. [Member] | Cash [Member] | As Adjusted By Acuirer [Member]          
Cash and equivalents [2] 0        
King Bancorp Inc. [Member] | Cash [Member] | Recast Adjustment [Member]          
Cash and equivalents 0        
King Bancorp Inc. [Member] | Interest-bearing Deposits [Member]          
Cash and equivalents 1,761        
King Bancorp Inc. [Member] | Interest-bearing Deposits [Member] | As Recorded By Acquiree [Member]          
Cash and equivalents 1,761        
King Bancorp Inc. [Member] | Interest-bearing Deposits [Member] | As Adjusted By Acuirer [Member]          
Cash and equivalents [2] 0        
King Bancorp Inc. [Member] | Interest-bearing Deposits [Member] | Recast Adjustment [Member]          
Cash and equivalents $ 0        
[1] Reflects the fair value adjustment based on the Company's evaluation of the assumed time deposits.
[2] See the following page for explanations of individual fair value adjustments.
[3] Reflects the fair value adjustment based on Bancorp's evaluation of the acquired investment portfolio.
[4] Reflects the fair value adjustment based on Bancorp's evaluation of the acquired loan portfolio and to eliminate the acquiree’s recorded allowance.
[5] Reflects the fair value adjustment based on Bancorp's evaluation of the premises and equipment acquired.
[6] Reflects the fair value adjustment for the CDI asset recorded as a result of the acquisition.
[7] Reflects the fair value adjustment based upon Bancorp's evaluation of the foreclosed real estate acquired.
[8] Reflects the write-off of a miscellaneous other asset.
[9] Reflects the fair value adjustment based upon Bancorp's evaluation of the assumed FHLB advances.