XML 57 R45.htm IDEA: XBRL DOCUMENT v2.4.0.8
Mergers and Acquisitions (Details 2) (USD $)
In Thousands, except Share data, unless otherwise specified
1 Months Ended 0 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Dec. 31, 2011
Dec. 31, 2012
Savannah Bancorp ("SAVB")
Dec. 13, 2012
Savannah Bancorp ("SAVB")
Dec. 13, 2012
Savannah Bancorp ("SAVB")
Common Stock
Dec. 13, 2012
Savannah Bancorp ("SAVB")
As previously recorded by acquiree
Dec. 13, 2012
Savannah Bancorp ("SAVB")
Fair Value Adjustments
Dec. 13, 2012
Savannah Bancorp ("SAVB")
Subsequent Fair Value Adjustments
Mergers and Acquisitions                    
Fixed exchange ratio for shares issued (as a percent)             0.2503      
Assets                    
Cash and cash equivalents           $ 86,244   $ 86,244    
Investment securities           74,203   75,460 (1,288) 31
Loans           601,359   660,555 (59,196)  
Premises and equipment           10,452   12,555 (1,843) (260)
Intangible assets           12,918   3,357 9,546 15
Other real estate owned and repossessed assets           7,738   13,934 (5,315) (881)
Bank owned life insurance 96,551 42,737 35,785     6,705   6,705    
Deferred tax asset           38,633   (790) 39,143 280
Other assets           6,149   8,497 (2,348)  
Total assets           844,401   866,517 (21,301) (815)
Deposits:                    
Noninterest-bearing           129,902   129,902    
Interest-bearing           621,728   619,198 2,530  
Total deposits           751,630   749,100 2,530  
Federal funds purchased and securities sold under agreements to repurchase 233,792 238,621 226,330     13,491   13,491    
Other borrowings           30,381   30,613 (232)  
Other liabilities           14,372   8,026 6,657 (311)
Total liabilities           809,874   801,230 8,955 (311)
Net identifiable assets acquired over (under) liabilities assumed           34,527   65,287 (30,256) (504)
Goodwill 319,180 101,286 66,895 62,888   34,390     33,886 504
Net assets acquired over liabilities assumed           68,917   65,287 3,630  
Consideration:                    
SCBT Financial Corporation common shares issued         1,802,137   1,802,137 1,802,137    
Purchase price per share of the Company's common stock (in dollars per share)               $ 38.20    
Company common stock issued and cash exchanged for fractional shares               68,854    
Cash paid for stock options outstanding               63    
Fair value of total consideration transferred           $ 68,917   $ 68,917    
Income tax rate at which fair value adjustments are made to adjust deferred tax asset (as a percent)                 35.80%