Business Combinations (Tables)

9 Months Ended

Sep. 30, 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)	Pro forma Nine Months Ended September 30, 2018		Pro forma Nine Months Ended September 30, 2017
Net interest income	$	184,887	$	181,572
Provision for loan losses	2,984		2,199
Non-interest income	26,894		29,590
Non-interest expense	164,538		146,154
Net income	$	35,575	$	45,027
Fully diluted earnings per share	$	0.74	$	0.93

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
	Estimated Fair Value
Total Purchase Price:	$	474,930
Assets acquired:
Cash and cash equivalents	$	68,632
Securities	254,522
Loans	1,517,172
Accrued interest receivable	5,621
Bank Owned Life Insurance	85,238
Deferred tax asset	57,712
Other assets	42,105
Core deposit intangible	11,897
Total assets acquired	2,042,899
Liabilities assumed:
Deposits	(1,616,073		)
Borrowings	(127,747		)
Other liabilities	(11,752		)
Total liabilities assumed	(1,755,572		)
Net assets acquired	$	287,327
Goodwill recorded in the merger	$	187,603