Business Combinations (Tables)

12 Months Ended

Dec. 31, 2018

Business Acquisition [Line Items]

Book Value and Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table reflects the book value and estimated fair value of the assets acquired and liabilities assumed related to the Bank of Rio Vista acquisition:

	Bank of Rio Vista
(in thousands)	Book Value		Fair Value
Assets Acquired:
Cash and Cash Equivalents	$	22,655	$	22,655
Investments		104,118		104,118
Loans		78,437		80,494
Core Deposit Intangible		-		4,670
Goodwill		-		11,183
Deferred Tax		2,813		298
Other Assets		9,470		11,038
Total Assets Acquired	$	217,493	$	234,456
Liabilities Assumed
Deposits:
Demand		54,450		54,450
Interest-Bearing Transaction		48,469		48,469
Savings and Money Market		62,839		62,839
Time		25,813		25,813
Total Deposits	$	191,571	$	191,571
Other Liabilities		1,238		1,238
Total liabilities assumed	$	192,809	$	192,809
Cash Paid				28,642
Value of Previously Held Equity Interest				13,005
Total Merger Consideration			$	41,647

Net Assets Acquired and Estimated Fair Value Adjustment

The following table presents the net assets acquired from Bank of Rio Vista and the estimated fair value adjustment:

(in thousands)	Acquisition Date October 10, 2018
Book Value of Net Assets Acquired	$	24,684
Fair Value Adjustments:
Loans		440
Reversal of Allowance for Loan Loss		1,616
Core Deposit Intangible Asset		4,670
Other Assets & Liabilities, net		1,568
Total Purchase Accounting Adjustments	$	8,294
Deferred Tax Asset (tax effect of purchase
accounting adjustments at 29.56%)		(2,452	)
DTA Adjustment		(62	)
Fair Value of Net Assets Acquired	$	30,464
Merger Consideration		41,647
Fair Value of Net Assets Acquired		(30,464	)
Goodwill	$	11,183

Future Estimated Amortization Expense of Acquired Intangibles

At December 31, 2018, the future estimated amortization expense for the CDI arising from our past acquisitions is as follows:

(in thousands)	2019		2020		2021		2022		2023		Thereafter		Total
Core deposit intangible amortization	$	639	$	626	$	611	$	593	$	573	$	2,236	$	5,278

Acquisition Related Expenses

The Company incurred acquisition-related expenses in 2018 for the Bank of Rio Vista acquisition as follows:

(in thousands)	Year Ended December 31, 2018
Data Processing	$	1,978
Professional Services		950
Other		5
Total	$	2,933

Bank of Rio Vista [Member]

Business Acquisition [Line Items]

Future Estimated Amortization Expense of Acquired Intangibles

At December 31, 2018, the future estimated amortization expense on the CDI from the Bank of Rio Vista acquisition is as follows:

(in thousands)	2019		2020		2021		2022		2023		Thereafter		Total
Core deposit Intangible amortization	$	533	$	524	$	512	$	499	$	481	$	2,001	$	4,550