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MERGERS AND ACQUISITIONS Bank of Rowan Balances (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Apr. 19, 2011
Community Bank of Rowan [Member]
Preliminary Balance [Member]
Apr. 19, 2011
Community Bank of Rowan [Member]
Initial Fair Value Adjustments [Member]
Apr. 19, 2011
Community Bank of Rowan [Member]
Adjusted Balance [Member]
Fair value of assets acquired:          
Cash and cash equivalents     $ 22,474,000 $ 0 $ 22,474,000
Investment securities available for sale 136,311,000 169,583,000 6,648,000 0 [1] 6,648,000
Loans     101,949,000 (4,165,000) [1] 97,784,000
Federal Home Loan Bank stock     1,065,000 0 1,065,000
Premises and equipment     2,667,000 0 2,667,000
Deferred tax asset, net 36,659,000 33,935,000 1,513,000 1,281,000 [2] 2,794,000
Foreclosed assets     2,099,000 (1,126,000) [3] 973,000
Goodwill     0 3,144,000 [4] 3,144,000
Other intangible assets     0 280,000 [5] 280,000
Other assets     993,000 531,000 [6] 1,524,000
Total assets acquired     139,408,000 (55,000) 139,353,000
Fair Value of Liabilities Assumed [Abstract]          
Deposits     125,485,000 256,000 [7] 125,741,000
Federal Home Loan Bank advances     4,000,000 0 4,000,000
Other liabilities     112,000 0 112,000
Total liabilities assumed     129,597,000 256,000 129,853,000
Business Acquisition, Cost of Acquired Entity, Purchase Price         $ 9,500,000
[1] After analyzing estimated lifetime credit losses on the loan portfolio as well as evaluating differences between contractual interest rates and market interest rates, the net loan fair value discount, after eliminating the historical allowance for loan losses, was $4,165.
[2] The net deferred tax asset was primarily related to the recognition of differences between certain tax and book bases of assets and liabilities related to purchase accounting along with federal and state net operating losses that was expected to be realizable after acquisition.
[3] Foreclosed assets were reduced by $1,126 based on estimates of property values given market conditions at acquisition and additional discounts anticipated to liquidate these properties.
[4] Goodwill represents the excess of purchase price over the fair value of acquired net assets.
[5] The adjustment for other intangibles reflects the estimated value of the acquired CDI. CDI is the present value of the difference between a market participant's cost of obtaining alternative funds and the cost to maintain the acquired deposit base.
[6] Adjustments to other assets represent the elimination of certain deferred items and other adjustments required to reflect the estimated fair values of other assets at the acquisition date.
[7] The fair value adjustment to deposits of $256 reflects an estimated time deposit premium, indicating that, in aggregate, then current market rates were lower than contractual rates.