(6) Balance sheet and statements of income adjustment to reflect the fair value of buildings and land and the related amortization adjustment based on an expected life of the properties (39.5 years). Balance Sheet Statements of Income September 30, 2024 Nine Months Ended September 30, 2024 Twelve Months Ended December 31, 2023 Premises and equipment, net Ownedpremisefairvalue ................................. $1,332 $25 $34 Total adjustments for premises and equipment, net . . . . . . . . . . . . . . . $1,332 $25 $34 (7) Balance sheet adjustment to reflect the net deferred tax asset, at a statutory rate of 21.0%, related to fair value adjustments and tax benefits related to one-time merger charges and related statements of income adjustments to pro forma adjustments using a statutory tax rate of 21.00% for book income tax expense. Balance Sheet Statements of Income September 30, 2024 Nine Months Ended September 30, 2024 Twelve Months Ended December 31, 2023 Tax impact Fair value adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,733 $1,058 $ 1,365 Buyer accrual for one-time merger related charges . . . . . . . . . . . . . 2,184 — (2,184) Allowance for credit losses for Non-PCD loans . . . . . . . . . . . . . . . . 781 — (781) Total tax impact transaction accounting adjustments ........... $8,698 $1,058 $(1,600) (8) Balance sheet adjustment to intangible assets to reflect the elimination of the previously recorded core deposit intangible and the creation of a new core deposit intangible fair value of $11.1 million for acquired core deposit intangible assets. The related statements of income amortization adjustments based upon an expected life of 10 years using sum of the year’s digits method. Balance Sheet Statements of Income September 30, 2024 Nine Months Ended September 30, 2024 Twelve Months Ended December 31, 2023 Core deposit intangible asset Core deposit intangible asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,148 $1,368 $2,026 Reverse existing core deposit intangible asset . . . . . . . . . . . . . . . . . (323) 65 108 Total core deposit intangible asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,825 $1,433 $2,134 36
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