ACQUISITION OF WASHINGTONFIRST BANKSHARES INC (Tables)

12 Months Ended

Dec. 31, 2018

Acqusition of WashingtonFirst Bankshares Inc. [Abstract]

Provisional fair values of acquired identifiable assets and liabilities assumed

(In thousands)			January 1, 2018
Purchase Price:
Fair value of common shares issued (11,446,197 shares) based on Sandy Spring's share price of $39.02		$	446,640
Cash for fractional shares			10
	Total purchase price	$	446,650
Identifiable assets:
Cash and cash equivalents		$	32,497
Residential mortgage loans held for sale			25,789
Investment securities			302,321
Loans			1,676,191
Premises and equipment			4,602
Other Real Estate Owned			497
Accrued Interest Receivable			6,648
Other Intangible assets			11,370
Other Assets			37,014
	Total identifiable assets	$	2,096,929
Identifiable liabilities:
Deposits		$	1,610,327
Borrowings			283,808
Other Liabilities			17,525
	Total identifiable liabilities	$	1,911,660
Fair value of net assets acquired including identifiable intangible assets			185,269
Goodwill		$	261,381