Acquisition of Citizens Homes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Business Acquisitions, by Acquisition

The fair value of the consideration transferred totaled $17.9 million, which consisted of the following (in thousands):



Cash	$	14,006
Contingent consideration ⁽¹⁾	3,902
Total consideration	$	17,908

⁽¹⁾See Note 5 “Disclosures About Fair Value” for additional information regarding the contingent consideration.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The assets that the Company acquired primarily included real estate and various other assets. The following table summarizes the estimated fair value of the assets and liabilities assumed (in thousands):



Assets Acquired
Real estate	$	13,832
Other assets	1,363
	15,195
Less: liabilities assumed	1,510
Net assets acquired	13,685
Goodwill	4,223
Consideration transferred	$	17,908