v3.25.4
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Net Assets Acquired
A summary of the bargain purchase gain is as follows:


Net assets acquired as of March 20, 2023 before fair value adjustments
$2,973 
  Fair value adjustments:
    Loans(727)
    Core deposit and other intangibles464 
    Certificates of deposit 27 
    Other net assets and liabilities39 
    FDIC Equity Appreciation Instrument(85)
Deferred tax liability(690)
Bargain purchase gain on Signature Transaction, as initially reported$2,001 
Adjustments related to items identified subsequent to the initial reporting period as of March 20, 2023:
Measurement period adjustments, excluding taxes$(134)
Change in deferred tax liability143 
Bargain purchase gain on Signature Transaction, as adjusted$2,010 
The incremental changes are included as measurement period adjustments in the table below.
As Initially Reported
Measurement Period Adjustments
As Adjusted
Purchase Price consideration$85 $— $85 
Fair value of assets acquired:
Cash & cash equivalents25,043 (142)24,901 
Loans held for sale232 — 232 
Loans held for investment:
Commercial and industrial10,102 (214)9,888 
Commercial real estate1,942 (262)1,680 
Consumer and other174 (1)173 
Total loans held for investment$12,218 $(477)$11,741 
CDI and other intangible assets464 — 464 
Other assets679 (266)413 
Total assets acquired$38,636 $(885)$37,751 
Fair value of liabilities assumed:
Deposits33,568 (61)33,507 
Other liabilities2,982 (833)2,149 
Total liabilities assumed$36,550 $(894)$35,656 
Fair value of net identifiable assets2,086 9 2,095 
Bargain purchase gain$2,001 $9 $2,010 
Schedule of Loans and Leases Purchased as Part of Acquisition The following table provides a summary of loans and leases purchased as part of the Signature Transaction with credit deterioration and the associated credit loss reserve at acquisition:
Total
Par value (UPB)$583 
Allowance for credit losses at acquisition(13)
Non-credit (discount)(76)
Fair value$494