BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the provisional fair values of the assets acquired and liabilities assumed and the goodwill (bargain purchase gain) generated from the transaction ($ in thousands):


Purchase price:
Cash	$	1,000
Total purchase price	1,000
Identifiable assets:
Cash	$	359,916
Loans	40,262
Core deposit intangible	2,890
Personal and real property	9,675
Other assets	135
Total assets	412,878
Liabilities and equity:
Deposits	410,171
Other liabilities	126
Total liabilities	410,297
Net assets acquired	2,581
Bargain purchase gain	$	(1,581)

Business Acquisition, Pro Forma Information

The following table presents certain supplemental pro forma information, for illustrative purposes only, for the six months ended June 30, 2022 and 2021 as if the Cadence Branches acquisitions had occurred on January 1, 2021. The pro forma financial information is not necessarily indicative of the results of operations had the acquisitions been effective as of this date.


($ in thousands)	(unaudited)		(unaudited)
	Pro-Forma		Pro-Forma
	Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Net interest income	$	80,740	$	77,279
Non-interest income	19,821		18,295
Total revenue	100,561		95,574
Income before income taxes	41,996		40,857