Acquisition (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed as of the date of the acquisition:



	Net Assets Acquired at Fair Value
	(Dollars in thousands)
Assets
Cash	$	56,331
Investments	196,937
Loans	2,073,714
Premises and equipment	24,253
Goodwill	248,457
Core deposit and other intangibles	19,870
Other assets	147,836
Total assets acquired	2,767,398
Liabilities
Deposits	1,930,436
Borrowings	124,817
Other liabilities	50,857
Total liabilities assumed	2,106,110
Purchase price	$	661,288

Purchased Credit Impaired Loans Associated with Acquisition [Table Text Block]

The following is a summary of these PCI loans associated with the acquisition as of the date acquired:



	As of April 1, 2019
	(Dollars in thousands)
Contractually required principal and interest at acquisition	14,849
Contractual cash flows not expected to be collected	(5,717	)
Expected cash flows at acquisition	9,132
Interest component of expected cash flows	(1,464	)
Basis in PCI loans at acquisition - estimated fair value	7,668

Business Acquisition, Pro Forma Information [Table Text Block]

The following summarizes the unaudited pro forma results of operations as if the Company acquired BHB on January 1, 2019 (2018 amounts represent combined results for the Company and BHB). The selected pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of the financial results of the combined companies had the acquisition actually been completed at the beginning of the period presented, nor does it indicate future results for any other interim or full-year period.



	Three Months Ended				Nine Months Ended
	September 30				September 30
	2019		2018		2019		2018
					(Dollars in thousands)
Net interest income after provision for loan losses	$	104,598	$	94,804	$	312,925	$	271,644
Net income	$	51,845	$	38,804	$	81,907	$	110,517