Acquisition Activities - (Tables) 10Q

3 Months Ended

Mar. 31, 2018

Business Combinations [Abstract]

Net Assets acquired (at fair value) and consideration transferred

The table below summarizes the net assets acquired (at fair value) and consideration transferred in connection with the Peoples acquisition:

Assets:
Cash and due from banks	$	105,173
Investment securities available-for-sale		118,512
Non-marketable securities		4,796
Loans		542,707
Loans held for sale		54,260
Other real estate owned		1,409
Premises and equipment		18,584
Core deposit intangible asset		10,477
Mortgage servicing rights		4,301
Other assets		15,324
Total assets acquired	$	875,543
Liabilities:
Total deposits		729,911
FHLB borrowings		33,825
Other liabilities		20,683
Total liabilities assumed	$	784,419
Identifiable net assets acquired	$	91,124
Consideration:
NBHC common stock paid at January 1, 2018, closing price of $32.43	$	110,213
Cash		36,189
Total	$	146,402
Estimated goodwill created	$	55,278