BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2016




Purchase Price:

Eagle River shares outstanding		85,776
Price per share/Cash price	$	145.73
Total purchase price			$	12,500
Reimbursement of termination fees				(1,763)
Cash consideration			$	10,737

Net assets acquired:

Cash and cash equivalents	$	10,600
Securities available for sale, net of purchase accounting marks		23,296
FRB & FHLB Stock		575
Total Loans, net of purchase accounting marks		80,875
Premises and equipment		1,931
Other real estate owned, net of purchase accounting marks		904
Deposit based intangible		993
Mortgage servicing rights		120
Deferred tax asset		948
Bank owned life insurance		4,132
Other assets		323
Total assets		124,697

Non-interest bearing deposits		22,349
Interest bearing deposits		82,165
Total deposits		104,514
FHLB Borrowings		11,000
Other liabilities		285
Total liabilities		115,799
Net assets acquired				8,898

Goodwill			$	1,839

The table below highlights the allocation of the purchase price (dollars in thousands, except per share data):


Purchase Price:

Niagara shares outstanding		4,354
Price per share/Cash price	$	1,682.36
Total purchase price			$	7,325

Net assets acquired:

Cash and cash equivalents	$	9,778
Securities available for sale		21,491
FRB & FHLB Stock		287
Total Loans, net of purchase accounting marks		31,707
Premises and equipment		926
Other real estate owned, net of purchase accounting marks		301
Deposit based intangible		300
Mortgage servicing rights		87
Deferred tax assets		397
Bank owned life insurance		1,109
Other assets		302
Total assets		66,685

Non-interest bearing deposits		5,396
Interest bearing deposits		53,788
Total deposits		59,184
Other liabilities		226
Total liabilities		59,410
Net assets acquired				7,275

Goodwill			$	50