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BRANCH CLOSURES
3 Months Ended
Mar. 31, 2016
BRANCH CLOSURES  
BRANCH CLOSURES

NOTE 13 – BRANCH CLOSURES

 

In the fourth quarter of 2015, the Company announced that it would be closing the following branches in the second quarter of 2016:  one of two branches in the following cities in Indiana – Rushville, New Castle, and Crawfordsville,  Indiana and its branch in Bourbonnais,  Illinois.  The Company does not anticipate losing many deposit accounts as a result of these closings as it will still have a branch presence in these cities.  Included in the operating results of 2015 are $175 of impairment costs for the affected properties and $75 of severance costs.  These branches were closed on April 1, 2016.