Business Combinations (Tables)

6 Months Ended

Jun. 30, 2011

Business Combinations [Abstract]

Estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

          The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition. The Bank received cash of $832.5 million to assume the net liabilities.

	Acquired		Fair Value			As Recorded by
	Book Value		Adjustments			FirstMerit Bank, N.A.
Assets
Cash and due from banks	$	3,725	$	—		$	3,725
Loans		301,236		(25,624	)		275,612
Premises and equipment		22,992		18,963			41,955
Goodwill		—		48,347			48,347
Core deposit intangible		—		3,154			3,154
Other assets		941		3,115			4,056
Total assets acquired	$	328,894	$	47,955		$	376,849
Liabilities
Deposits	$	1,199,279	$	7,134		$	1,206,413
Accrued expenses and other liabilities		4,192		(1,271	)		2,921
Total liabilities assumed	$	1,203,471	$	5,863		$	1,209,334

	As Recorded		Fair Value			As Recorded by
	by FDIC		Adjustments			FirstMerit Bank, N.A.
Assets
Cash and due from banks	$	57,984	$	—		$	57,984
Investment securities		15,410		—			15,410
Covered loans
Commercial loans		254,492		(117,879	)		136,613
Mortgage loans		27,218		(2,860	)		24,358
Installment loans		24,078		(7,298	)		16,780
Total covered loans		305,788		(128,037	)		177,751
Loss share receivable — loans		—		88,694			88,694
Total covered loans and loss share receivable		305,788		(39,343	)		266,445
Core deposit intangible		—		962			962
Covered other real estate		19,021		(7,561	)		11,460
Loss share receivable-other real estate		—		11,339			11,339
Other assets		5,680		—			5,680
Total assets acquired	$	403,883	$	(34,603	)	$	369,280
Liabilities
Deposits
Noninterest-bearing deposit accounts	$	54,242	$	—		$	54,242
Savings deposits		62,737		—			62,737
Time deposits		278,755		4,921			283,676
Total deposits		395,734		4,921			400,655
Accrued expenses and other liabilities		2,569		5,191			7,760
Total liabilities assumed	$	398,303	$	10,112		$	408,415

	As Recorded			Fair Value			As Recorded by
	by FDIC			Adjustments			FirstMerit Bank, N.A.
Assets
Cash and due from banks	$	279,352		$	—		$	279,352
Investment securities		565,210			(977	)		564,233
Commercial loans		1,840,001			(317,526	)		1,522,475
Consumer loans		312,131			(53,742	)		258,389
Total covered loans		2,152,132			(371,268	)		1,780,864
Allowance for loan losses		(5,465	)		5,465			—
Accrued interest		5,436			(5,436	)		—
Loss share receivable — loans		—			260,730			260,730
Total covered loans and loss share receivable		2,152,103			(110,509	)		2,041,594
Core deposit intangible		—			7,433			7,433
Covered other real estate		27,320			(1,165	)		26,155
Loss share receivable — other real estate					2,196			2,196
Goodwill		—			272,099			272,099
Other assets		9,838			19,054			28,892
Total assets acquired	$	3,033,823		$	188,131		$	3,221,954
Liabilities
Deposits
Savings deposits	$	748,681		$	—		$	748,681
Time deposits		1,499,913			9,125			1,509,038
Total deposits		2,248,594			9,125			2,257,719
Borrowings		639,804			83,241			723,045
FDIC liability		—			6,256			6,256
Accrued expenses and other liabilities		7,395			—			7,395
Total liabilities assumed	$	2,895,793		$	98,622		$	2,994,415