Acquisition and Divestiture Activity (Tables) - KleinBank [Member] - Minnesota [Member]

3 Months Ended

Mar. 31, 2019

Summary of Fair Values of Acquired Assets, Liabilities Assumed and Resulting Goodwill

The following table reflects management’s preliminary valuation of the assets acquired and liabilities assumed (in thousands):

Cash and cash equivalents	$	60,759
Investment securities		697,951
FHLB/Federal Reserve Bank stock		2,637
Loans held for sale		3,371
Loans		1,049,073
Premises and equipment		33,391
Accrued interest receivable		7,896
Company-owned life insurance		36,380
Net deferred tax assets		6,500
Other real estate owned		954
Other assets		10,299
Deposits		(1,713,086	)
Securities sold under agreements to repurchase		(19,481	)
Accrued expenses and other liabilities		(17,506	)
Net tangible assets acquired		159,138
Definite-lived intangible assets acquired		39,017
Loan servicing rights		285
Goodwill		208,034
Total consideration	$	406,474

Summary of Acquired Loan Data

Acquired loan data for Klein can be found in the table below:

					Best Estimate at
					Acquisition Date of
	Fair Value		Gross Contractual		Contractual Cash
	of Acquired Loans		Cash Flows at		Flows Not Expected
(in thousands)	at Acquisition Date		Acquisition Date		to be Collected
Acquired receivables subject to    ASC 310-30	$	11,663	$	18,568	$	4,521
Acquired receivables not subject    to ASC 310-30	$	1,037,410	$	1,252,954	$	76,534