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Acquisition (Tables)
6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Summary of Net Assets Acquired (at Fair Value) and Consideration Transferred

The following table summarizes the net assets acquired (at fair value) and consideration transferred for Marquette (in thousands, except for per share data):

 

     Fair Value
May 31, 2015
 

Assets

  

Loans

   $ 980,404   

Investment securities

     177,694   

Cash and due from banks

     95,351   

Premises and equipment, net

     11,508   

Identifiable intangible assets

     14,881   

Other assets

     32,336   
  

 

 

 

Total assets acquired

     1,312,174   

Liabilities

  

Noninterest-bearing deposits

     226,161   

Interest-bearing deposits

     708,675   

Short-term debt

     112,133   

Long-term debt

     89,971   

Other liabilities

     14,135   
  

 

 

 

Total liabilities assumed

     1,151,075   

Net identifiable assets acquired

     161,099   

Goodwill acquired

     18,638   
  

 

 

 

Net assets acquired

   $ 179,737   
  

 

 

 

Consideration:

  

Company’s common shares issued

     3,470   

Purchase price per share of the Company’s common stock

   $ 51.79   
  

 

 

 

Fair value of total consideration transferred

   $ 179,737