Note 3 - Business Combinations (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Purchase Price Allocation [Table Text Block]

	As Recorded by Citizens South		Fair Value and Other Merger Related Adjustments			As Recorded by the Company
Consideration Paid
Cash						$	24,283
Common shares issued (11,857,226 shares)							58,575
Fair value of noncontrolling interest							20,500
Fair Value of Total Consideration Transferred						$	103,358
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivelents	$	48,661	$	-		$	48,661
Securities		88,068		2,275			90,343
Nonmarketable equity securities		5,390		-			5,390
Loans held for sale		1,695		-			1,695
Loans, net of allowance		694,016		(12,340	)		681,676
Premises and equipment		25,443		4,326			29,769
Core deposit intangibles		1,032		5,168			6,200
Other real estate owned		18,957		(3,169	)		15,788
Bank owned life insurance		18,879		(79	)		18,800
Deferred tax asset		3,560		875			4,435
FDIC indemnification asset		20,652		1,846			22,498
Other assets		4,338		(238	)		4,100
Total assets acquired	$	930,691	$	(1,336	)	$	929,355
Deposits	$	826,134	$	2,166		$	828,300
Short term borrowings		7,678		-			7,678
Junior subordinated debt		15,464		(6,627	)		8,837
Other liabilities		418		4,859			5,277
Total liabilities assumed	$	849,694	$	398		$	850,092
Total identifiable assets	$	80,997	$	(1,734	)	$	79,263
Goodwill resulting from acquisition						$	24,095