Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Estimated Fair Value of Acquired Assets and Liabilities Assumed at Date of Acquisition, Net of Cash Consideration Paid

The following table summarizes the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Harmony, net of cash consideration paid.



	(in thousands)
Cash and cash equivalents	$	27,809
Securities available for sale	7,474
Securities held to maturity	6,885
Federal Home Loan Bank stock	780
Loans	259,985
Premises and equipment	3,125
Goodwill	11,147
Identifiable intangible assets	1,088
Accrued interest receivable and other assets	8,146
Total assets acquired	326,439
Deposits	(278,060		)
Other borrowings	(9,314		)
Other liabilities	(2,411		)
Total liabilities assumed	(289,785		)
Net assets acquired	$	36,654

Summary of Loans Acquired

The following is a summary of the loans accounted for in accordance with ASC 310-30 that were acquired in the Harmony acquisition as of the closing date.



	Acquired Credit Impaired Loans
	(in thousands)
Contractually required principal and interest at acquisition	$	1,264
Contractual cash flows not expected to be collected (non-accretable difference)	(398		)
Expected cash flows at acquisition	866
Interest component of expected cash flows (accretable difference)	(97		)
Fair value of acquired loans	$	769

Pascack Bancorp, Inc.

Summary of Estimated Fair Value of Acquired Assets and Liabilities Assumed at Date of Acquisition, Net of Cash Consideration Paid

The following table summarizes the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Pascack, net of cash consideration paid.



	(in thousands)
Cash and cash equivalents	$	40,942
Securities held to maturity	3,925
Federal Home Loan Bank stock	2,962
Loans	319,575
Premises and equipment	14,438
Goodwill	15,311
Identifiable intangible assets	1,514
Accrued interest receivable and other assets	6,672
Total assets acquired	405,339
Deposits	(304,466		)
Other borrowings	(57,308		)
Other liabilities	(6,344		)
Total liabilities assumed	(368,118		)
Net assets acquired	$	37,221

Summary of Loans Acquired

The following is a summary of the loans accounted for in accordance with ASC 310-30 that were acquired in the Pascack acquisition as of the closing date.



	Acquired Credit Impaired Loans
	(in thousands)
Contractually required principal and interest at acquisition	$	4,932
Contractual cash flows not expected to be collected (non-accretable difference)	4,030
Expected cash flows at acquisition	902
Interest component of expected cash flows (accretable difference)	85
Fair value of acquired loans	$	817