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Business Acquisitions And Divestitures
12 Months Ended
Dec. 31, 2011
Business Acquisitions And Divestitures [Abstract]  
Business Acquisitions And Divestitures

Note 2. Business Acquisitions and Divestitures

On January 23, 2009, the Company completed the sale of its Trust unit of the Wealth Management division to Hometown National Bank headquartered in LaSalle, Illinois. The Company's loss on the sale was attributed to the allocation of $0.1 million impairment of goodwill allocated to the completion of the sale of this division.

On June 30, 2010, the Company completed the sale of its Effingham branch to Washington Savings Bank headquartered in Effingham, Illinois. Washington Savings Bank assumed approximately $19.5 million in deposits and acquired $5.9 million in loans. The net gain on the sale was $1.2 million.

On November 18, 2011, the Company completed the sale of its Champaign branch to Marine Bank headquartered in Springfield, Illinois. Marine Bank assumed approximately $23.5 million in deposits and acquired $10.3 million in loans. The transaction generated a net gain on sale of $1.3 million.

Management has analyzed on an overall basis the impact of the above divestitures on an individual and aggregate basis and determined that per accounting guidance on disposal of long-lived assets, that the results for the asset divestitures is immaterial to the Company as a whole and does not require them to be reported as discontinued operations on the financial statements.