Business Combinations (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Acquired Assets and Liabilities Assumed for the Security Exchange

The following table summarizes the total consideration paid in the AEB acquisition:

($ in thousands)	Number of Shares	Amount
Equity consideration
Common stock issued	1,470,068	$	22,727
Total equity consideration		22,727
Non-equity consideration
Cash		32
Total consideration paid		22,759
Fair value of net assets assumed		17,595
Goodwill		$	5,164

The following table represents the fair value at March 1, 2016 of assets and liabilities acquired in the acquisition of AEB:

(in thousands)
Assets
Cash and cash equivalents	$	36,259
Investment securities	4,556
Loans	147,304
Premises and equipment	7,145
Other real estate	809
Core deposit intangible	1,310
Deferred tax asset	5,877
Other assets	365
Fair value of assets acquired	$	203,625
Liabilities
Deposits
Noninterest-bearing demand deposits	$	64,366
Interest-bearing deposits	117,458
Total deposits	181,824
Other liabilities	4,206
Fair value of liabilities assumed	$	186,030

Summary of Activity for the FDIC Indemnification Asset

A summary of activity for the FDIC indemnification asset, included in other assets in the accompanying Consolidated Balance Sheets, follows:

	For the Year Ended
(in thousands)	December 31, 2017			December 31, 2016
Beginning balance	$	1,555		$	3,320
Amortization, net	(1,280		)	(1,436		)
Accretion income	121			114
Additional (fewer) estimated covered losses	94			(885		)
Claim payments made to / (received from) the FDIC	(486		)	92
Claims receivable from sales of OREO	—			350
Ending balance	$	4		$	1,555