Business Combinations (Tables)

3 Months Ended

Mar. 31, 2018

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The pro forma information shown reflects adjustments related to certain purchase accounting fair value adjustments; amortization of core deposit and other intangibles; and related income tax effects.

(in thousands)	Sun Actual from February 1, 2018 to March 31, 2018		Pro forma Three Months Ended March 31, 2018			Pro forma Three Months Ended March 31, 2017
Net interest income	$	12,976	$	62,190		$	59,773
Provision for loan losses	221		1,371			700
Non-interest income	1,409		9,725			9,426
Non-interest expense	7,994		74,101			47,180
Net income	$	4,874	$	(3,998	)	$	16,104
Fully diluted earnings per share			$	(0.08	)	$	0.33

Sun 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 Sun, net of total consideration paid (in thousands):

	At January 31, 2018
	Sun Book Value			Purchase Accounting Adjustments			Estimated Fair  Value
Total Purchase Price:							$	474,930
Assets acquired:
Cash and cash equivalents	$	68,632		$	—		$	68,632
Securities	254,522			—			254,522
Loans	1,541,868			(23,921		)	1,517,947
Accrued interest receivable	5,621			—			5,621
Bank Owned Life Insurance	85,238			—			85,238
Deferred tax asset	55,710			2,642			58,352
Other assets	49,561			(7,031		)	42,530
Core deposit intangible	—			11,897			11,897
Total assets acquired	2,061,152			(16,413		)	2,044,739
Liabilities assumed:
Deposits	(1,614,910		)	(1,163		)	(1,616,073		)
Borrowings	(142,567		)	14,820			(127,747		)
Other liabilities	(14,372		)	1,365			(13,007		)
Total liabilities assumed	(1,771,849		)	15,022			(1,756,827		)
Net assets acquired	$	289,303		$	(1,391	)	$	287,912
Goodwill recorded in the merger							$	187,018