BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

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 generated from the transaction ($ in thousands):

Purchase price:
Cash and stock	$	101,470
Total purchase price	101,470
Identifiable assets:
Cash	$	23,939
Investments	22,643
Loans	485,171
Other real estate	8,676
Bank owned life insurance	10,092
Core deposit intangible	9,791
Personal and real property	11,895
Deferred tax asset	27,075
Other assets	9,235
Total assets	608,517
Liabilities and equity:
Deposits	490,591
Borrowings	25,000
Other liabilities	14,772
Total liabilities	530,363
Net assets acquired	78,154
Goodwill	$	23,316

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):

	As Initially Reported		Measurement Period Adjustments		As Adjusted
Identifiable assets:
Cash and due from banks	$	359,916	$	—	$	359,916
Loans	40,262		—		40,262
Core deposit intangible	2,890		—		2,890
Personal and real property	9,675		—		9,675
Other assets	135		—		135
Total assets	412,878		—		412,878
Liabilities and equity:
Deposits	410,171		—		410,171
Other liabilities	407		(281)		126
Total liabilities	410,578		(281)		410,297
Net assets acquired	2,300		281		2,581
Consideration paid	1,000		—		1,000
Bargain purchase gain	$	(1,300)	$	(281)	$	(1,581)

Business Acquisition, Pro Forma Information

The following table presents certain supplemental pro forma information, for illustrative purposes only, for the years December 31, 2022 and 2021 as if the Cadence Branches and BBI 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)	Pro Forma for the Year Ended December 31,
	2022		2021
	(unaudited)		(unaudited)
Net interest income	$	188,480	$	173,630
Non-interest income	41,828		43,902
Total revenue	230,308		217,532
Income before income taxes	90,619		85,609