Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.20.2
Business Combinations (Tables)
9 Months Ended
Sep. 30, 2020
First Beeville Financial Corporation  
Fair Values of Assets Acquired and Liabilities Assumed

Estimated fair values of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows:

 

Assets of acquired bank (Dollars in thousands):

 

 

 

 

Cash and cash equivalents

 

$

60,491

 

Securities available for sale

 

 

57,206

 

Loans held for investment

 

 

296,397

 

Premises and equipment

 

 

5,184

 

Other real estate owned

 

 

1,359

 

Goodwill

 

 

25,848

 

Core deposit intangible

 

 

5,695

 

Other assets

 

 

12,618

 

Total assets acquired

 

$

464,798

 

Liabilities of acquired bank:

 

 

 

 

Deposits

 

$

398,427

 

Other liabilities

 

 

515

 

Total liabilities assumed

 

$

398,942

 

Common stock issued at $21.20 per share

 

$

33,479

 

Cash paid

 

$

32,377

 

Chandler Bancorp, Inc.  
Fair Values of Assets Acquired and Liabilities Assumed

Estimated fair values of the assets acquired and liabilities assumed in the Citizens acquisition as of the closing date are as follows:

Assets of acquired bank (Dollars in thousands):

 

 

 

 

Cash and cash equivalents

 

$

84,240

 

Loans held for investment

 

 

252,037

 

Premises and equipment

 

 

10,849

 

Goodwill

 

 

22,124

 

Core deposit intangible

 

 

850

 

Other assets

 

 

3,247

 

Total assets acquired

 

$

373,347

 

Liabilities of acquired bank:

 

 

 

 

Deposits

 

$

271,742

 

FHLB Borrowings

 

$

38,242

 

Other liabilities

 

 

857

 

Total liabilities assumed

 

$

310,841

 

Common stock issued at $21.20 per share

 

$

44,604

 

Cash paid

 

$

17,902

 

 

Simmons Bank  
Fair Values of Assets Acquired and Liabilities Assumed

Estimated fair values of the assets acquired and liabilities assumed in the Simmons branch acquisition as of the closing date are as follows:

 

Assets of acquired bank (Dollars in thousands):

 

 

 

 

Cash and cash equivalents

 

$

418

 

Loans held for investment

 

 

255,455

 

Premises and equipment

 

 

2,195

 

Goodwill

 

 

11,456

 

Core deposit intangible

 

 

10

 

Other assets

 

 

1,756

 

Total assets acquired

 

$

271,290

 

Liabilities of acquired bank:

 

 

 

 

Deposits

 

$

139,672

 

Other liabilities

 

 

47

 

Total liabilities assumed

 

$

139,719

 

Cash paid

 

$

131,571