Acquisitions (Details) - USD ($)
|
|
12 Months Ended |
|
Dec. 01, 2021 |
Dec. 31, 2021 |
Dec. 31, 2020 |
| Liabilities assumed: |
|
|
|
| Goodwill |
|
$ 86,332,000
|
$ 18,604,000
|
| West Suburban Bancorp, Inc |
|
|
|
| Assets acquired: |
|
|
|
| Cash on due from banks |
|
16,794,000
|
|
| Interest bearing deposits with financial institutions |
|
232,880,000
|
|
| Securities available-for-sale, at fair value |
$ 1,070,000,000.00
|
1,066,373,000
|
|
| FHLBC stock |
|
3,340,000
|
|
| Loans |
1,500,000,000
|
1,502,118,000
|
|
| Premises and equipment |
|
47,456,000
|
|
| Other real estate owned |
|
5,552,000
|
|
| Core deposit intangible |
|
14,772,000
|
|
| Deferred tax assets, net |
|
2,093,000
|
|
| Other assets |
|
52,710,000
|
|
| Total assets |
2,940,000,000
|
2,944,088,000
|
|
| Liabilities assumed: |
|
|
|
| Deposits-noninterest bearing demand |
|
409,141,000
|
|
| Deposits - Savings, NOW and money market |
|
2,069,890,000
|
|
| Deposits-Time |
|
215,205,000
|
|
| Total deposits |
2,690,000,000
|
2,694,236,000
|
|
| Reserve for unfunded commitments |
|
1,787,000
|
|
| Other liabilities |
|
20,629,000
|
|
| Total liabilities |
|
2,716,652,000
|
|
| Cash consideration paid |
100,700,000
|
100,679,000
|
|
| Stock issued for acquisition |
|
194,484,000
|
|
| Total Liabilities Assumed and Cash Consideration Paid for Acquisition |
|
3,011,815,000
|
|
| Goodwill |
$ 67,700,000
|
67,727,000
|
|
| Shares issued or issuable |
42.413
|
|
|
| Cash consideration for each share |
$ 271.15
|
|
|
| Merger consideration |
$ 295,200,000
|
|
|
| Common stock shares issued |
15,700,000
|
|
|
| Measurement period |
1 year
|
|
|
| Expenses related to acquisition |
|
13,200,000
|
|
| Acquisition expenses |
|
$ 25,100,000
|
|