SUBSEQUENT EVENT - ACQUISITION	9 Months Ended
Sep. 30, 2014
SUBSEQUENT EVENT - ACQUISITION.
SUBSEQUENT EVENT - ACQUISITION	NOTE 11 — SUBSEQUENT EVENT - ACQUISITION The Company’s management and board of directors have periodically conducted strategic reviews as part of their ongoing efforts to improve its banking franchise and enhance shareholder value. In connection with these strategic reviews, the Company has considered potential acquisition targets, including banking institutions in Indiana, Ohio and Kentucky. On April 7, 2014, the Company announced that its board of directors had approved and entered into a definitive agreement to acquire MBT Bancorp (MBT), headquartered in West Harrison, Indiana. MBT is the holding company for The Merchant’s Bank and Trust Company (Merchants), which operates six branches in Dearborn County, Indiana and certain suburban communities of Cincinnati, Ohio. The merger agreement provides that shareholders of MBT may elect to receive either 2.055 shares of MainSource common stock or $35.16 in cash for each share of MBT common stock owned, subject to proration provisions specified in the merger agreement that provide for a targeted aggregate split of total consideration of 60% common stock and 40% cash. The merger was completed on October 17, 2014 and as of that date, Merchants was merged into the Bank. At the date of the merger, Merchants had approximately $228.1 million in assets, $187.0 million in loans, $183.6 million in deposits, and $25.1 million in equity. The Company anticipates approximately 1,226,300 shares being issued and $14.0 million cash being paid. As of the date that the Company’s third quarter 2014 consolidated financial statements are issued, all of the information required to be disclosed by the Accounting Standards Codification No. 805 was not available since, given the short period between the October 17, 2014 acquisition date and the financial statement issuance, the calculation of the fair value of all material MBT Bancorp assets acquired and liabilities assumed had not yet been completed. The Company anticipates recording all of the activity related to the merger in the fourth quarter of 2014.

NOTE 11 — SUBSEQUENT EVENT - ACQUISITION

The Company’s management and board of directors have periodically conducted strategic reviews as part of their ongoing efforts to improve its banking franchise and enhance shareholder value. In connection with these strategic reviews, the Company has considered potential acquisition targets, including banking institutions in Indiana, Ohio and Kentucky. On April 7, 2014, the Company announced that its board of directors had approved and entered into a definitive agreement to acquire MBT Bancorp (MBT), headquartered in West Harrison, Indiana. MBT is the holding company for The Merchant’s Bank and Trust Company (Merchants), which operates six branches in Dearborn County, Indiana and certain suburban communities of Cincinnati, Ohio. The merger agreement provides that shareholders of MBT may elect to receive either 2.055 shares of MainSource common stock or $35.16 in cash for each share of MBT common stock owned, subject to proration provisions specified in the merger agreement that provide for a targeted aggregate split of total consideration of 60% common stock and 40% cash. The merger was completed on October 17, 2014 and as of that date, Merchants was merged into the Bank. At the date of the merger, Merchants had approximately $228.1 million in assets, $187.0 million in loans, $183.6 million in deposits, and $25.1 million in equity. The Company anticipates approximately 1,226,300 shares being issued and $14.0 million cash being paid. As of the date that the Company’s third quarter 2014 consolidated financial statements are issued, all of the information required to be disclosed by the Accounting Standards Codification No. 805 was not available since, given the short period between the October 17, 2014 acquisition date and the financial statement issuance, the calculation of the fair value of all material MBT Bancorp assets acquired and liabilities assumed had not yet been completed. The Company anticipates recording all of the activity related to the merger in the fourth quarter of 2014.