Acquisition and Asset Purchase (Tables)

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Schedule of Amounts Recorded on Consolidated Balance Sheet on Acquisition Date

The assets acquired and liabilities assumed were recorded on the consolidated balance sheet at estimated fair value on the acquisition date. The acquisition was not considered to be a significant business combination. The following table presents the amounts recorded on the consolidated balance sheet on the acquisition date (dollars in thousands):

Fair value of consideration paid:
Common stock issued (1,755,374 shares)	$	59,648

Schedule of Preliminary Estimated Fair Value Amounts Assigned to Major Asset and Liability Categories at Acquisition Date

Fair value of identifiable assets acquired:
Cash and cash equivalents		65,197
Securities available-for-sale		42,903
Loans		248,380
Identifiable intangible assets		2,343
Other assets		15,578
Total identifiable assets acquired		374,401
Fair value of liabilities assumed:
Deposits		343,583
Subordinated debt		13,125
Other liabilities		1,651
Total liabilities assumed		358,359
Fair value of net identifiable assets acquired		16,042
Goodwill resulting from acquisition	$	43,606