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ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2017
ACQUISITIONS  
Summary of the amounts of assets acquired and liabilities assumed recognized at the acquisition date

 

 

 

 

 

 

 

 

Consideration

  

 

 

Cash

  

$

10,911

Equity Instruments

 

 

47,969

 Fair Value of Total Consideration

 

$

58,880

 

 

 

 

Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed

 

 

 

Cash and cash equivalents

 

$

15,972

Securities

 

 

45,498

Federal Home Loan Bank stock

 

 

3,418

Loans

 

 

428,263

Premises and equipment

 

 

9,863

Core deposit intangibles

 

 

6,263

Bank owned life insurance

 

 

6,571

Other assets

 

 

8,527

    Total assets acquired

 

$

524,375

 

 

 

 

Deposits

 

$

366,871

Federal Home Loan Bank advances

 

 

43,804

Other liabilities

 

 

87,503

    Total liabilities assumed

 

$

498,178

 

 

 

 

         Total identifiable net assets

 

$

26,197

 

 

 

 

Goodwill

 

$

32,683

 

Pro forma information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3 months

 

3 months

 

6 months

 

6 months

 

 

  

6/30/2017

  

6/30/2016

  

6/30/2017

  

6/30/2016

 

Net interest income

 

$

37,096

 

$

32,330

 

$

73,399

 

$

62,913

 

Net income

 

 

13,824

 

 

11,309

 

 

26,572

 

 

20,955

 

Basic earnings per share

 

 

0.54

 

 

0.47

 

 

1.04

 

 

0.88

 

Diluted earnings per share

 

 

0.53

 

 

0.46

 

 

1.02

 

 

0.87