BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of unaudited proforma results

	2018		2017
Net interest income	$	50,787	$	49,728
Noninterest income		5,071		6,366
Noninterest expense		47,529		49,360
Net income		8,329		6,734
Net income per diluted share	$	0.75	$	0.80

FFNM

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		2,894
Mortgage servicing rights		386
Deferred tax assets		2,844
Bank owned life insurance		5,170
Other assets		1,775
Total assets		315,153
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				19,186
Goodwill			$	14,915

Lincoln Community Bank

Schedule of allocation of the purchase price

Purchase Price:
Cash consideration	$	8,500
Net assets acquired:
Cash and cash equivalents	$	10,971
Securities available for sale		6,947
Total loans		38,001
Premises and equipment		1,249
Other real estate owned		69
Deposit based intangible		1,353
Bank owned life insurance		1,653
Other assets		339
Total assets		60,582
Non-interest bearing deposits		15,559
Interest bearing deposits		37,654
Total deposits		53,213
Deferred tax liability		231
Other liabilities		53
Total liabilities		53,497
Net assets acquired				7,085
Goodwill			$	1,415