XML 51 R35.htm IDEA: XBRL DOCUMENT v3.6.0.2
Acquisition of MainStreet BankShares, Inc. (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of consideration paid, and the fair value of identifiable assets acquired and liabilities assumed
 
Amounts Previously Recognized as of September 30, 2015
 
Measurement Period Adjustments
 
Adjusted Amounts Recognized as of December 31, 2015
Consideration Paid:
 
 
 
 
 
Common shares issued (825,586)
$
20,483

 
$

 
$
20,483

Cash paid to Shareholders
5,935

 

 
5,935

Value of consideration
26,418

 

 
26,418

 
 

 
 
 
 
Assets acquired:
 

 
 
 
 
Cash and cash equivalents
18,173

 

 
18,173

Investment securities
18,507

 

 
18,507

Restricted stock
587

 

 
587

Loans
115,237

 
(723
)
 
115,960

Premises and equipment
956

 

 
956

Deferred income taxes
3,056

 
262

 
2,794

Core deposit intangible
1,839

 

 
1,839

Other real estate owned
168

 

 
168

Bank owned life insurance
1,955

 

 
1,955

Accrued interest receivable and other assets
1,049

 

 
1,049

Total assets
161,527

 
(461
)
 
161,988

 
 

 
 
 
 
Liabilities assumed:
 

 
 
 
 
Deposits
137,323

 

 
137,323

Accrued interest payable and other liabilities
3,076

 

 
3,076

Total liabilities
140,399

 

 
140,399

Net assets acquired
21,128

 
(461
)
 
21,589

Goodwill resulting from merger with MainStreet
$
5,290

 
 
 
$
4,829