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ACQUISITIONS (Tables)
9 Months Ended
Sep. 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

 

 

427,762

Premises and equipment

 

 

9,863

Core deposit intangibles

 

 

6,263

Bank owned life insurance

 

 

6,571

Other assets

 

 

9,057

    Total assets acquired

 

$

524,404

 

 

 

 

Deposits

 

$

366,871

Federal Home Loan Bank advances

 

 

43,804

Subordinated debt

 

 

17,111

Other liabilities

 

 

71,406

    Total liabilities assumed

 

$

499,192

 

 

 

 

         Total identifiable net assets

 

$

25,212

 

 

 

 

Goodwill

 

$

33,668

 

Pro forma information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3 months

 

3 months

 

9 months

 

9 months

 

 

  

9/30/2017

  

9/30/2016

  

9/30/2017

  

9/30/2016

 

Net interest income

 

$

37,400

 

$

35,317

 

$

110,947

 

$

98,452

 

Net income

 

 

12,133

 

 

13,100

 

 

38,801

 

 

34,200

 

Basic earnings per share

 

 

0.47

 

 

0.51

 

 

1.51

 

 

1.40

 

Diluted earnings per share

 

 

0.47

 

 

0.51

 

 

1.49

 

 

1.39