Acquisitions - Completed and Pending (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Statement of net assets acquired

($ in thousands)	As Recorded by The Bank of Asheville			Fair Value Adjustments			As Recorded by the Company
Assets
Cash and cash equivalents	$	27,297			—			27,297
Securities		4,461			—			4,461
Loans		153,994			(51,726	)(a)		102,268
Core deposit intangible		—			277	(b)		277
FDIC indemnification asset		—			42,218	(c)		42,218
Foreclosed properties		3,501			(2,159	)(d)		1,342
Other assets		1,146			(370	)(e)		776
Total		190,399			(11,760	)		178,639
Liabilities
Deposits	$	192,284			460	(f)		192,744
Borrowings		4,004			77	(g)		4,081
Other		111			1,447	(h)		1,558
Total		196,399			1,984			198,383
Excess of liabilities received over assets	$	(6,000	)		(13,744	)		(19,744	)
Less:  Asset discount		(23,940	)
Cash received/receivable from FDIC at closing		29,940						29,940
Total gain recorded							$	10,196