Acquisitions (Tables)

12 Months Ended

Jun. 30, 2020

Gideon Bancshares Company

Schedule of Business Acquisitions, by Acquisition

Gideon Bancshares Company
Fair Value of Consideration Transferred
(dollars in thousands)
Cash	$	11,271
Common stock, at fair value		10,757
Total consideration	$	22,028
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	2,894
Investment securities		54,866
Loans		144,286
Premises and equipment		3,663
Identifiable intangible assets		4,125
Miscellaneous other assets		5,926
Deposits		(170,687)
FHLB Advances		(18,701)
Note Payable		(4,400)
Miscellaneous other liabilities		(956)
Total identifiable net assets		21,016
Goodwill	$	1,012

Business Acquisition, Pro Forma Information

	Pro Forma
	Twelve months ended
	June 30,
	2019		2018
Revenue	$	90,954	$	84,981
Earnings		29,583		22,791

Central Federal Bancshares

Schedule of Business Acquisitions, by Acquisition

Central Federal Bancshares
Fair Value of Consideration Transferred
(dollars in thousands)
Cash	$	21,942
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	12,862
Investment securities		4,355
Loans		51,449
Premises and equipment		723
Identifiable intangible assets		540
Miscellaneous other assets		639
Deposits		(46,720)
Miscellaneous other liabilities		(1,783)
Total identifiable net assets		22,065
Bargain Purchase Gain	$	(123)