Subsequent Event

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Event

(24) SUBSEQUENT EVENT

 On January 12, 2018, the Company acquired First Wagoner Corp. and its subsidiary bank, First Bank & Trust Company, with locations in Carney, Grove, Ketchum, Luther, Tulsa and Wagoner. First Bank & Trust Company had approximately $287 million in total assets, $248 million in loans, $250 million in deposits and $36 million in equity capital. First Bank & Trust Company operated as a subsidiary of BancFirst Corporation until it was merged into BancFirst on February 16, 2018.  The Company is currently assessing the fair value of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to provide a reasonable estimate of those fair values. The Company expects to finalize the valuation and complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. The acquisition did not have a material effect on the Company’s consolidated financial statements.

On January 12, 2018, the Company acquired First Chandler Corp. and its subsidiary bank, First Bank of Chandler, with two locations in Chandler. First Bank of Chandler had approximately $86 million in total assets, $72 million in loans, $75 million in deposits and $11 million in equity capital. The bank will operate as First Bank of Chandler until it is merged into BancFirst, which is expected to be during the third quarter of 2018. The Company is currently assessing the fair value of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to provide a reasonable estimate of those fair values. The Company expects to finalize the valuation and complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. The acquisition did not have a material effect on the Company’s consolidated financial statements.