XML 41 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Acquisitions (Schedule Of Assets Acquired And Liabilities Assumed) (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
May 01, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Business Acquisition [Line Items]              
Operating lease right-of-use asset $ 5,764     $ 3,720      
Operating lease liability 6,184     4,154      
Goodwill recorded in merger $ 12,715   $ 10,947 $ 10,520 $ 10,520 $ 10,520 $ 10,520
As Recorded By FSB [Member]              
Business Acquisition [Line Items]              
Cash and due from banks   $ 1,978          
Interest-bearing deposit at bank   9,339          
Securities   21,371          
FHLB Stock   2,614          
Loans receivable   273,869          
Allowance for loan losses   (1,706)          
Premises and equipment   2,303          
Bank owned life insurance   3,891          
Operating lease right-of-use asset   2,020          
Other assets   6,033          
Total assets acquired   321,712          
Deposits   237,688          
Other borrowed funds   50,597          
Operating lease liability   2,217          
Other liabilities   2,557          
Total liabilities assumed   293,059          
Fair Value Adjustments [Member]              
Business Acquisition [Line Items]              
Securities [1]   106          
Loans receivable [2]   (2,484)          
Allowance for loan losses [3]   1,706          
Premises and equipment [4]   (56)          
Goodwill and intangible assets [5]   166          
Operating lease right-of-use asset [6]   374          
Other assets [7]   1,640          
Total assets acquired   1,452          
Deposits [8]   1,485          
Other borrowed funds [9]   1,929          
Operating lease liability [10]   176          
Other liabilities [11]   (573)          
Total liabilities assumed   3,017          
As Recorded At Acquisition [Member]              
Business Acquisition [Line Items]              
Cash and due from banks   1,978          
Interest-bearing deposit at bank   9,339          
Securities   21,477          
FHLB Stock   2,614          
Loans receivable   271,385          
Premises and equipment   2,247          
Goodwill and intangible assets   166          
Bank owned life insurance   3,891          
Operating lease right-of-use asset   2,394          
Other assets   7,673          
Total assets acquired   323,164          
Deposits   239,173          
Other borrowed funds   52,526          
Operating lease liability   2,393          
Other liabilities   1,984          
Total liabilities assumed   296,076          
Net assets acquired   27,088          
Purchase price   28,856          
Goodwill recorded in merger   $ 1,768          
[1] Represents the fair value adjustments on investment securities.
[2] Represents the fair value adjustments on the net book value of loans, which includes an interest rate mark and credit mark adjustment and the write-off of deferred fees/costs and premiums.
[3] Represents the elimination of FSB’s allowance for loan losses.
[4] Represents the fair value adjustments to reflect the fair value of land and buildings and premises and equipment, which will be amortized on a straight-line basis over the estimated useful lives of the individual assets.
[5] Represents the intangible assets recorded to reflect the fair value of core deposits. The core deposit asset was recorded as an identifiable intangible asset and will be amortized on an accelerated basis over the estimated average life of the deposit base.
[6] Represents the fair value adjustments on operating lease right of use assets.
[7] Represents an adjustment to other assets acquired. The largest adjustment was to net deferred tax assets resulting from the fair value adjustments related to the acquired assets, liabilities assumed and identifiable intangible assets recorded.
[8] Represents fair value adjustments on time deposits, which will be treated as a reduction of interest expense over the remaining term of the time deposits.
[9] Represents the fair value adjustments on FHLB borrowings, which will be treated as a decrease to interest expense over the life of the borrowings.
[10] Represents the fair value adjustments on operating lease liabilities.
[11] Represents an adjustment to other liabilities assumed.