Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

Acquisitions [Abstract]

Schedule of Fair Value of Net Assets Acquired

		FNBC I		FNBC II
(in thousands)		March 10, 2017		April 28, 2017		Total
ASSETS
Cash and due from banks	$	2,856	$	157,932	$	160,788
Interest-bearing time deposits with other banks		—		382,622		382,622
Fed funds sold and other short-term investments		—		148		148
Securities		—		213,877		213,877
Total loans		1,211,523		165,577		1,377,100
Property and equipment		11,837		500		12,337
Accrued interest receivable		2,969		885		3,854
Identifiable intangible assets		3,900		20,500		24,400
Other assets		63		4,097		4,160
Total identifiable assets		1,233,148		946,138		2,179,286
LIABILITIES
Deposits		398,171		1,530,338		1,928,509
Short-term borrowings		510,749		85,886		596,635
Long-term debt		93,120		—		93,120
Other liabilities		1,607		3,079		4,686
Total liabilities		1,003,647		1,619,303		2,622,950
Net identifiable assets acquired (liabilities assumed)		229,501		(673,165)		(443,664)
Consideration
Cash (paid) received		(325,564)		640,435		314,871
Unsettled net consideration receivable from FDIC		—		9,721		9,721
Total consideration		(325,564)		650,156		324,592
Goodwill	$	96,063	$	23,009	$	119,072

Schedule of Goodwill

Goodwill balance at December 31, 2016	$	621,193
Additions:
Goodwill from FNBC I		96,063
Goodwill from FNBC II		23,009
Goodwill balance at June 30, 2017	$	740,265

Schedule of Merger-Related Expense

(in thousands)		Three months ended June 30, 2017		Six months ended June 30, 2017
Personnel expense	$	1,435	$	1,542
Net occupancy and equipment expense		276		277
Professional services expense		2,200		6,827
Other real estate		(1,511)		(1,511)
Advertising expense		901		1,031
Other expense		713		2,311
Total merger-related expenses	$	4,014	$	10,477