XML 67 R57.htm IDEA: XBRL DOCUMENT v3.22.2
Note 2 - Acquisition (Details Textual)
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 07, 2022
USD ($)
May 31, 2021
USD ($)
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Business Combination, Consideration Transferred, Total           $ 167,913,000 $ 232,946,000      
Debt Securities, Held-to-Maturity, Fair Value, Total     $ 460,846,000     460,846,000   $ 0    
Goodwill, Ending Balance     202,524,000 $ 202,524,000 $ 136,529,000 202,524,000 136,529,000 135,830,000 $ 12,513,000 $ 12,513,000
Business Combination, Acquisition Related Costs     0   18,100,000 19,500,000 18,500,000      
Proceeds from Sale of Debt Securities, Available-for-sale   $ 91,000,000   $ 2,000,000   2,111,000 91,094,000      
Commonwealth [Member]                    
Business Combination, Consideration Transferred, Total $ 167,913,000                  
Number of Branches 15                  
Debt Securities, Held-to-Maturity, Fair Value, Total $ 162,000,000                  
Goodwill, Ending Balance 67,000,000   66,694,000     66,694,000   0    
Business Combination, Acquired Receivable, Fair Value 540,000,000                  
Business Combination, Acquired Receivables, Gross Contractual Amount $ 549,000,000                  
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual     11,700,000     14,900,000        
Commonwealth [Member] | Merger Related Credit Loss [Member]                    
Business Combination, Acquisition Related Costs         7,400,000 4,400,000 7,400,000      
Commonwealth [Member] | Pre-tax Merger Expenses [Member]                    
Business Combination, Acquisition Related Costs         18,100,000 24,100,000 18,500,000      
Commonwealth [Member] | Jefferson County in Kentucky [Member]                    
Number of Branches 9                  
Commonwealth [Member] | Shelby County in Kentucky [Member]                    
Number of Branches 4                  
Commonwealth [Member] | Northern Kentucky [Member]                    
Number of Branches 2                  
Kentucky Bancshares [Member]                    
Business Combination, Consideration Transferred, Total   $ 232,946,000                
Goodwill, Ending Balance     $ 123,317,000     $ 123,317,000   123,317,000    
Business Combination, Acquired Receivable, Fair Value               724,000,000    
Business Combination, Acquired Receivables, Gross Contractual Amount               723,000,000    
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual         4,500,000   4,500,000      
Number of Branches Acquired   19                
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles [1],[2]   $ 999,000                
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Prepaid and Other Assets   $ (70,000) [2],[3]           (70,000)    
Kentucky Bancshares [Member] | Core Deposits [Member]                    
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles               $ 999,000    
Kentucky Bancshares [Member] | Merger Related Credit Loss [Member]                    
Business Combination, Acquisition Related Costs         7,400,000   7,400,000      
Kentucky Bancshares [Member] | Pre-tax Merger Expenses [Member]                    
Business Combination, Acquisition Related Costs         $ 18,100,000   $ 18,500,000      
[1] Calculation of CDI related to the acquisition. During the third quarter of 2021, a provisional period adjustment of $999,000 was recorded based on revised inputs used in the CDI calculation.
[2] See the following page for explanations or individual fair value and provisional period adjustments.
[3] Adjustment to other assets to reflect the estimated fair value of prepaid and other assets. During the third quarter of 2021, a provisional period adjustment of $70,000 was recorded for the write off of miscellaneous mortgage servicing fees.