Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.21.1
Acquisitions (Tables) - Vitek Real Estate Industries Group, Inc.
 12 Months Ended
Dec. 31, 2020
Business Acquisition [Line Items]  
Schedule of Purchase Price Allocation Reflect Final Determination of Fair Value of Assets Acquired and Liabilities Assumed

 

 

 

Total

 

Goodwill

 

$

2,135

 

Mortgage servicing rights

 

 

7,568

 

Fixed assets

 

 

862

 

Other assets

 

 

27

 

Accounts payable and accrued liabilities

 

 

(40

)

Net assets acquired

 

$

10,552

 

 

 

 

 

 

 

 

Total

 

Cash payments

 

$

8,817

 

Contingent consideration

 

 

1,735

 

Total purchase price

 

$

10,552

 

 
Schedule of Results of Operations Included in Consolidated Statements of Income from Acquisition Date

The following table presents the results of operations of Vitek that are included in the Company’s Consolidated Statements of Income from the acquisition date of April 30, 2019 through December 31, 2019.

 

Revenues

 

$

11,105

 

Expenses

 

 

8,039

 

Net income

 

$

3,066