MERGERS AND ACQUISITIONS (Table)

9 Months Ended

Sep. 30, 2012

Business Combinations [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table summarizes the Piedmont Investment and the Successor Company’s opening balance sheet: 

	Preliminary Balances at Nov. 18, 2011		Measurement Period Adjustments			Adjusted Balances at Nov. 18, 2011
Fair value of assets acquired:
Cash and cash equivalents	$	226,126	$	—		$	226,126
Investment securities available for sale	89,343		—			89,343
Mortgage loans held for sale	4,588		—			4,588
Loans	561,911		(1,485		)	560,426
Federal Home Loan Bank stock	8,669		—			8,669
Premises and equipment	10,325		—			10,325
Deferred tax asset, net	30,268		1,782			32,050
Bank owned life insurance	19,169		—			19,169
Foreclosed assets	10,584		(405		)	10,179
Goodwill	20,015		3,095			23,110
Other intangible assets	2,260		—			2,260
Other assets	10,094		(1,182		)	8,912
Total assets acquired	993,352		1,805			995,157
Fair value of liabilities assumed:
Deposits	678,289		—			678,289
Borrowings	164,801		—			164,801
Other liabilities	7,111		1,805			8,916
Total liabilities assumed	850,201		1,805			852,006
Net assets	$	143,151	$	—		$	143,151
Non-controlling interests at fair value:
Preferred stock	24,409		—			24,409
Common stock warrants	1,326		—			1,326
Common stock	42,416		—			42,416
Total non-controlling interests	68,151		—			68,151
Purchase price	$	75,000	$	—		$	75,000