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ACQUISITIONS (Tables)
9 Months Ended
Sep. 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

 

 

89,693

Federal Home Loan Bank stock

 

 

8,651

Loans

 

 

358,535

Premises and equipment

 

 

6,674

Core deposit intangibles

 

 

4,099

Bank owned life insurance

 

 

16,576

Other assets

 

 

13,205

    Total assets acquired

 

 

535,859

 

 

 

 

Deposits

 

 

444,695

Federal Home Loan Bank advances

 

 

12,156

Other liabilities

 

 

2,842

    Total liabilities assumed

 

 

459,693

 

 

 

 

         Total identifiable net assets

 

$

76,166

 

 

 

 

Goodwill

 

$

24,936

 

Pro forma information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3 months

 

3 months

 

9 months

 

9 months

 

  

9/30/2016

  

9/30/2015

  

9/30/2016

  

9/30/2015

Net interest income

 

$

30,990

 

$

30,544

 

$

86,753

 

$

89,836

Net income

 

 

12,156

 

 

9,884

 

 

32,045

 

 

29,193

Basic earnings per share

 

 

0.51

 

 

0.41

 

 

1.34

 

 

1.22

Diluted earnings per share

 

 

0.50

 

 

0.41

 

 

1.32

 

 

1.20