BUSINESS COMBINATIONS

9 Months Ended

Sep. 30, 2019

13.	BUSINESS COMBINATIONS

In September 2019, Windmark acquired the operating assets of a crop insurance agency in Texas for $2.8 million. Windmark recorded $193,000 for goodwill, which represents the excess of the cash paid compared to the fair market value of identifiable assets acquired. Fair value of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows:

Assets acquired:
Premises and equipment, net	$	8
Goodwill		193
Other intangible assets		2,309
Other assets		290
Total assets acquired	$	2,800

Cash paid	$	2,800