Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

First Community

Schedule of fair value estimates of assets acquired and liabilities assumed

The following table presents the fair value estimates of First Community assets acquired and liabilities assumed as of July 2, 2017 (dollars in thousands):

	As Recorded by First Busey
Assets acquired:
Cash and cash equivalents	$	60,686
Securities	165,843
Loans held for sale	905
Portfolio loans	1,096,583
Premises and equipment	18,094
OREO	722
Other intangible assets	13,979
Other assets	41,755
Total assets acquired	1,398,567
Liabilities assumed:
Deposits	1,134,355
Other borrowings	125,751
Other liabilities	11,862
Total liabilities assumed	1,271,968
Net assets acquired	$	126,599
Consideration paid:
Cash	$	24,557
Cash payout of options and restricted stock units	6,182
Common stock	211,120
Fair value of stock options assumed	722
Total consideration paid	242,581
Goodwill	$	115,982

Schedule of unaudited pro forma results of operations for the acquisition

Only the merger related expenses that have been recognized are included in net income in the table below (dollars in thousands, except per share amount):

	Pro Forma
	Three Months Ended		Six Months Ended
	June 30, 2017		June 30, 2017
Total revenues (net interest income plus non-interest income)	$	78,122	$	152,227
Net income	21,462		40,149
Diluted earnings per common share	0.47		0.87

Mid Illinois Bancorp, Inc.

Schedule of fair value estimates of assets acquired and liabilities assumed

The following table presents the fair value estimates of Mid Illinois assets acquired and liabilities assumed as of October 1, 2017 (dollars in thousands):

	As Recorded by First Busey
Assets acquired:
Cash and cash equivalents	$	39,443
Securities	208,003
Loans held for sale	5,031
Portfolio loans	356,651
Premises and equipment	16,551
Other intangible assets	11,531
Other assets	29,564
Total assets acquired	666,774
Liabilities assumed:
Deposits	505,917
Other borrowings	61,040
Other liabilities	10,497
Total liabilities assumed	577,454
Net assets acquired	$	89,320
Consideration paid:
Cash	$	40,507
Common stock	97,702
Total consideration paid	138,209
Goodwill	$	48,889