BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of unaudited proforma results

	Six months ended		Year Ended
	June 30, 2018		December 31, 2017
Net interest income	$	25,700	$	51,495
Noninterest income		2,800		5,615
Noninterest expense		20,500		41,140
Net income		5,800		11,650
Net income per diluted share	$	.54		1.09

Lincoln Community Bank

Schedule of allocation of the purchase price

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

Purchase Price:
FFNM shares outstanding		3,726,925
Price per share	$	9.15
Total purchase price			$	34,101
Net assets acquired:
Cash and cash equivalents	$	13,267
Securities available for sale		96,297
FHLB Stock		1,748
Total loans		185,444
Premises and equipment		5,134
Other real estate owned		194
Deposit based intangible		2,729
Mortgage servicing rights		386
Deferred tax assets		3,229
Bank owned life insurance		5,170
Other assets		1,775
Total assets		315,373
Non-interest bearing deposits		60,616
Interest bearing deposits		193,099
Total deposits		253,715
FHLB borrowings		40,722
Deferred tax liability		133
Other liabilities		1,397
Total liabilities		295,967
Net assets acquired				19,406
Goodwill			$	14,695