MERGERS AND ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015

MERGERS AND ACQUISITIONS

Summary Of Net Liabilities Assumed

(in thousands)
Net assets acquired:
Cash received in transaction	$	47,962
Cash on hand		330
Loans		18,200
Bank premises, furniture and equipment		609
Accrued interest receivable and other assets		62
Core deposit intangible		878
		68,041
Deposits		68,697
Accrued interest payable and other liabilities		45
		68,742
Net liabilities assumed		(701)
Goodwill		701
	$	—

Schedule of acquisition related costs included in consolidated statements of income

The following acquisition related costs are included in the consolidated statements of income for the periods indicated (in thousands):

	Year ended		Year ended		Year ended
	December 31, 2015		December 31, 2014		December 31, 2013
Professional fees	$	471	$	183	$	230
Marketing		29		4		2
Printing, postage and supplies		71		9		1
Equipment depreciation and maintenance		—		26		—
Travel and entertainment		50		88		55
Data processing and communications		76		—		—
Other operating expense		25		—		—
Total	$	722	$	310	$	288