XML 52 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACQUISITION OF WASHINGTONFIRST BANKSHARES INC -acquired assets liabilities (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2018
USD ($)
Purchase price:  
Fair value of common share issue (11,446,197 shares), based on Sandy Spring's share price of $36.02 $ 446,640
Cash for fractional shares 10
Total purchase price 446,650
Identifiable assets and liabilities:  
Cash and cash equivalents 32,497
Residential mortgage loans held for sale 25,789
Investment securities 302,321
Loans 1,683,683
Premises and equipment 4,602
Other Real Estate Owned 497
Accrued Interest Receivable 6,648
Other Intangible assets 11,370
Other Assets 33,764
Total identifiable assets 2,101,171
Deposits 1,610,327
Other Liabilities 283,808
Borrowings 17,525
Total identifiable liabilities 1,911,660
Provisional fair value of net assets acquired including identifiable intangible assets 189,511
Provisional resulting goodwill $ 257,139