|12 Months Ended|
Dec. 31, 2020
|Subsequent Events [Abstract]|
NOTE 22. SUBSEQUENT EVENTS
On January 8, 2021, we completed the previously announced sale of our Jacksboro branch location to First State Bank of Graham, Texas (the “Jacksboro branch sale”). The Jacksboro branch sale resulted in the sale of loans of approximately $3.5 million, deposits of approximately $5.1 million, and the real property of $1.5 million on which the branch was located. This sale resulted in net cash received of $60 thousand and a gain on sale of approximately $230 thousand.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef