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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2012
Assets Acquired and Liabilities Assumed in Acquisition Estimated Fair Values

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

 

     January 1, 2012  
     (in thousands)  

Assets acquired:

  

Cash and cash equivalents

   $ 117,587   

Investment securities available for sale

     275,650   

Loans

     1,098,948   

Premises and equipment

     9,457   

Accrued interest receivable

     5,294   

Goodwill

     101,967   

Other intangible assets

     8,050   

Other assets

     67,715   
  

 

 

 

Total assets acquired

   $ 1,684,668   
  

 

 

 

Liabilities assumed:

  

Deposits:

  

Non-interest bearing

   $ 371,151   

Savings, NOW and money market

     596,599   

Time

     412,543   
  

 

 

 

Total deposits

     1,380,293   
  

 

 

 

Short-term borrowings

     29,000   

Junior subordinated debentures issued to capital trusts

     15,645   

Other liabilities

     51,312   
  

 

 

 

Total liabilities assumed

   $ 1,476,250   
  

 

 

 

Common stock issued in acquisition

   $ 208,418