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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2019
Business Acquisition, Pro Forma Information

Unaudited pro forma net interest income, net income and earnings per share presented below (dollars in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

Pro Forma

 

Pro Forma

 

Pro Forma

 

 

Year Ended

 

Year Ended

 

Year Ended

 

    

2019

    

2018

    

2017

Net interest income

 

$

97,369

 

$

92,394

 

$

82,985

Net income

 

$

35,961

 

$

29,677

 

$

19,416

Basic earnings per share

 

$

2.35

 

$

1.94

 

$

1.37

Diluted earnings per share

 

$

2.33

 

$

1.92

 

$

1.35

 

Ojai Community Bancorp [Member]  
Summary of Consideration Paid And Amounts of Assets Acquired And Liabilities Assumed

The following table summarizes the consideration paid for OCB and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date (dollars in thousands):

 

 

 

 

Consideration

    

 

 

Cash

 

$

809

Equity Instruments

 

 

37,370

Fair value of total consideration transferred

 

$

38,179

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed

 

 

 

Cash and cash equivalents

    

$

37,108

Securities

 

 

5,492

Loans

 

 

217,800

Premises and equipment

 

 

873

Real estate owned

 

 

3,072

Core deposit intangibles

 

 

3,453

Other assets

 

 

10,479

Total assets acquired

 

 

278,277

   

 

 

 

Deposits

 

 

230,950

Borrowed funds

 

 

24,400

Other liabilities

 

 

3,212

Total liabilities assumed

 

 

258,562

Total identifiable net assets

 

 

19,715

 

 

 

 

Goodwill

 

 

18,464

 

 

$

38,179

 

Woodlake Branch of Citizen's Business Bank [Member]  
Summary of Consideration Paid And Amounts of Assets Acquired And Liabilities Assumed

The following table summarizes the amounts of the assets acquired and liabilities assumed recognized at the acquisition date (dollars in thousands):

 

 

 

 

Consideration

    

 

 

Cash

 

$

 —

Equity instruments

 

 

 —

Fair value of total consideration transferred

 

$

 —

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed

    

 

 

Cash and cash equivalents

 

$

25,266

Loans

 

 

 7

Premises and equipment

 

 

469

Core deposit intangibles

 

 

486

Total assets acquired

 

 

26,228

 

 

 

 

Deposits

 

 

26,661

Other liabilities

 

 

192

Total liabilities assumed

 

 

26,853

Total identifiable net assets

 

 

(625)

 

 

 

 

Goodwill

 

 

625

 

 

$

 —