Acquisition of Dearmin Bancorp and The First National Bank of Odon (Tables)

3 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Following is a condensed balance sheet providing the estimated fair values of the assets acquired and the liabilities assumed as of the date of acquisition:

	(In thousands)
Cash and due from banks	$	1,310
Interest-bearing deposits with banks		15,957
Interest-bearing time deposits with banks		3,817
Investment securities		39,978
Loans, net		34,467
Premises and equipment		1,125
Goodwill arising in the acquisition		1,912
Core deposit intangible		1,487
Other assets		2,890
Total assets acquired		102,943
Deposit accounts		91,765
Net deferred tax liabilities		205
Other liabilities		373
Total liabilities assumed		92,343
Total consideration	$	10,600