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Merger With Madison Bancorp, Inc. (Tables)
9 Months Ended
Sep. 30, 2016
Merger With Madison Bancorp, Inc. [Abstract]  
Summary Of Assets Acquired And Liabilities Assumed Recorded At Estimated Fair Value



 

 

 

 



 

 

 

 

(in thousands, except per share data)

January 16, 2015

Cash paid for outstanding shares of Madison common stock and outstanding options

 

 

$

14,425 



 

 

 

 

Assets Acquired:

 

 

 

 

Cash and due from banks

$

35,516 

 

 

Securities, available for sale

 

1,396 

 

 

Loans

 

77,228 

 

 

Premises and equipment

 

2,601 

 

 

Other assets

 

17,567 

 

 

Total assets acquired

 

 

134,308 

Liabilities Assumed:

 

 

 

Deposits

 

120,545 

 

 

Other liabilities

 

1,639 

 

 

Total liabilities assumed

 

 

 

122,184 



 

 

 

 

Net goodwill resulting from merger

 

 

$

2,301 



Schedule Of Pro Forma Financial Information



 

 

 

 



 

 

 

 



Pro forma for the year ended

(in thousands, except per share data)

December 31, 2014

Net interest income

 

 

$

44,598 

Noninterest income

 

 

 

8,246 

Net income available to common shareholders

 

 

 

10,972 



 

 

 

 

Pro forma earnings per share, adjusted:

 

 

 

 

Basic

 

 

$

1.78 

Diluted

 

 

$

1.74