Business Combinations (Tables)

6 Months Ended

Jun. 30, 2017

Retail Branch

Business Acquisition [Line Items]

Summary of Assets Acquired and Liabilities Assumed and Their Initial Fair Value Estimates

The following table presents the assets acquired and liabilities assumed as of March 11, 2016 and the fair value estimates (in thousands):

	Fair Value
Assets acquired:
Cash and cash equivalents	$	16,727
Loans	9
Other assets	15
Core deposit intangible	66
Total assets acquired	$	16,817
Liabilities assumed:
Deposits	$	16,957
Other liabilities	138
Total liabilities assumed	$	17,095
Goodwill	$	278

Cape Bancorp, Inc.

Business Acquisition [Line Items]

Summary of Assets Acquired and Liabilities Assumed and Their Initial Fair Value Estimates

The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Cape, net of total consideration paid (in thousands):

	At May 2, 2016
(in thousands)	Fair Value
Total Purchase Price:	$	196,403
Assets acquired:
Cash and cash equivalents	$	30,025
Securities and Federal Home Loan Bank Stock	218,938
Loans	1,156,719
Premises and equipment	25,999
Other real estate owned	1,683
Deferred tax asset	17,826
Other assets	61,793
Core deposit intangible	3,718
Total assets acquired	$	1,516,701
Liabilities assumed:
Deposits	$	(1,248,367	)
Borrowings	(124,466		)
Other liabilities	(12,767		)
Total liabilities assumed	$	(1,385,600	)
Net assets acquired	$	131,101
Goodwill recorded in the merger	$	65,302

Ocean Shore Holdings Co.

Business Acquisition [Line Items]

Summary of Assets Acquired and Liabilities Assumed and Their Initial Fair Value Estimates

The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Ocean Shore, net of total consideration paid (in thousands):

	At November 30, 2016
(in thousands)	Estimated Fair  Value
Total Purchase Price:	$	180,732
Assets acquired:
Cash and cash equivalents	$	60,871
Securities and Federal Home Loan Bank Stock	94,133
Loans	773,900
Premises and equipment	15,068
Other real estate owned	1,044
Deferred tax asset	6,724
Other assets	35,364
Core deposit intangible	7,506
Total assets acquired	$	994,610
Liabilities assumed:
Deposits	$	(875,073	)
Borrowings	(3,694		)
Other liabilities	(16,166		)
Total liabilities assumed	$	(894,933	)
Net assets acquired	$	99,677
Goodwill recorded in the merger	$	81,055