Spirit of Texas Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

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