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ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2016
ACQUISITION  
Summary of the amounts of assets acquired and liabilities assumed recognized at the acquisition date

 

 

 

 

 

 

 

 

Consideration

  

 

 

Cash

  

$

49,715

Equity Instruments

 

 

51,387

 Fair Value of Total Consideration

 

$

101,102

 

 

 

 

Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed

 

 

 

Cash and cash equivalents

 

$

38,426

Securities

 

 

89,694

Federal Home Loan Bank stock

 

 

8,651

Loans

 

 

359,741

Premises and equipment

 

 

6,674

Core deposit intangibles

 

 

3,782

Bank owned life insurance

 

 

16,576

Other assets

 

 

13,435

    Total assets acquired

 

 

536,979

 

 

 

 

Deposits

 

 

444,509

Federal Home Loan Bank advances

 

 

12,344

Other liabilities

 

 

2,843

    Total liabilities assumed

 

 

459,696

 

 

 

 

         Total identifiable net assets

 

$

77,283

 

 

 

 

Goodwill

 

$

23,819

 

Pro forma information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3 months

 

3 months

 

6 months

 

6 months

 

  

6/30/2016

  

6/30/2015

  

6/30/2016

  

6/30/2015

Net interest income

 

$

30,667

 

$

29,831

 

$

61,463

 

$

59,190

Net income

 

 

10,623

 

 

10,528

 

 

19,713

 

 

18,512

Basic earnings per share

 

 

0.44

 

 

0.44

 

 

0.82

 

 

0.77

Diluted earnings per share

 

 

0.44

 

 

0.43

 

 

0.81

 

 

0.76