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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2012
Paragon Transaction [Member]
 
Business Acquisition [Line Items]  
Allocation Of The Consideration Received

 

 

 

 

 

 

Assets acquired:

 

 

Cash

$                146

 

Loans

58,291 

 

Transportation equipment

5 

 

Accrued interest receivable

212 

 

Total assets acquired

58,654 

 

 

 

 

Liabilities assumed:

 

 

Deposits

76,550 

 

Accrued interest payable

39 

 

Total liabilities assumed

76,589 

 

 

 

 

Net (liabilities) assumed

 

$          (17,935)

 

 

 

Adjustments to reflect assets and liabilities at fair value:

 

 

Loan discount

 

(1,823)

Core deposit intangible

 

2,470 

 

 

 

Transaction consideration received

 

$           17,288

 

VBB Acquisition [Member]
 
Business Acquisition [Line Items]  
Allocation Of The Consideration Received

 

 

 

 

 

 

Assets acquired:

 

 

Cash

$            19,192

 

Loans

70,893 

 

Other real estate owned

1,500 

 

Accrued interest receivable

254 

 

Other assets

1,038 

 

Total assets acquired

92,877 

 

 

 

 

Liabilities assumed:

 

 

Deposits

77,525 

 

FHLB borrowings

9,371 

 

Accrued interest payable

46 

 

Other liabilities

1 

 

Total liabilities assumed

86,943 

 

 

 

 

Net assets acquired

 

$              5,934

 

 

 

Adjustments to reflect assets and liabilities at fair value:

 

 

Loan discount

 

(13,964)

Other real estate owned discount

 

(620)

FHLB borrowing

 

(514)

 

 

 

Net (liabilities) acquired after fair value adjustments

 

(9,164)

 Transaction consideration received

 

17,822 

Bargain purchase gain

 

8,658 

Deferred tax liability

 

(2,944)

Bargain purchase gain, net of tax

 

$              5,714

 

Schedule Of Purchased Performing And Impaired Loans

 

 

 

 

 

 

 

 

 

Purchased Performing

Purchased Impaired

Total

Contractual principal payments receivable

$                 30,671

$                 40,222

$                 70,893

Fair value adjustment

(1,274)
(12,690)
(13,964)

Fair value of acquired loans

$                 29,397

$                 27,532

$                 56,929