Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

First Community

Schedule of fair value estimates of assets acquired and liabilities assumed

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

	Fair Value
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

		Pro Forma
	Year Ended
		December 31, 2017
Total revenues (net interest income plus non-interest income)	$	316,417
Net income		67,413
Diluted earnings per common share		1.47

Mid Illinois Bancorp, Inc.

Schedule of fair value estimates of assets acquired and liabilities assumed

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

	Fair Value
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

Banc Ed

Schedule of fair value estimates of assets acquired and liabilities assumed

The following table presents the fair value of Banc Ed assets acquired and liabilities assumed as of January 31, 2019 (dollars in thousands):

	Fair Value
Assets acquired:
Cash and cash equivalents	$	42,013
Securities		692,716
Loans held for sale		2,157
Portfolio loans		873,336
Premises and equipment		32,156
Other intangible assets		32,617
Mortgage servicing rights		6,946
Other assets		57,332
Total assets acquired		1,739,273
Liabilities assumed:
Deposits		1,439,203
Other borrowings		63,439
Other liabilities		20,153
Total liabilities assumed		1,522,795
Net assets acquired	$	216,478
Consideration paid:
Cash	$	91,400
Common stock		166,515
Total consideration paid	$	257,915
Goodwill	$	41,437

Schedule of unaudited pro forma results of operations for the acquisition

	Years Ended December 31,
		2019	2018
Total revenues (net interest income plus non-interest income)	$	409,324	$	411,633
Net income		113,640		118,361
Diluted earnings per common share		2.03		2.15