Annual report pursuant to Section 13 and 15(d)

Business Combinations (Tables)

v3.22.0.1
Business Combinations (Tables)
12 Months Ended
Dec. 31, 2021
Simmons Bank  
Fair Values of Assets Acquired and Liabilities Assumed

Estimated fair values of the assets acquired and the 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