Business Combinations Business Combinations (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table sets forth assets acquired and liabilities assumed in the 1st United acquisition, at their estimated fair values as of the closing date of the transaction:



	November 1, 2014
	(in thousands)
Assets acquired:
Cash and cash equivalents	$	102,025
Investment securities held to maturity	7,930
Investment securities available for sale	216,074
Total investment securities	224,004
Non-covered loans	970,570
Covered loans	190,282
Total loans	1,160,852
Premises and equipment	11,234
Bank owned life insurance	25,224
Accrued interest receivable	3,792
FDIC loss-share receivable	7,465
Goodwill	147,658
Other intangible assets	11,500
Other assets	42,876
Total assets acquired	$	1,736,630
Liabilities assumed:
Deposits:
Non-interest bearing	$	566,545
Savings, NOW and money market	591,749
Time	256,549
Total deposits	1,414,843
Short-term borrowings	16,796
Accrued expenses and other liabilities	13,768
Total liabilities assumed	$	1,445,407
Common stock issued in acquisition	$	291,223