Acquisitions - (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Highlands.

(in thousands)
Cash and cash equivalents	13,454
Securities, available for sale	22,734
Federal Home Loan Bank stock	1,767
Loans held for sale	1,113
Loans	426,959
Premises and equipment	3,253
Goodwill	17,720
Identifiable intangible assets	3,728
Accrued interest receivable and other assets	5,349
Total assets acquired	496,077
Deposits	(409,638		)
Other borrowings	(27,800		)
Subordinated debt	(13,157		)
Other liabilities	(2,065		)
Total liabilities assumed	(452,660		)
Net assets acquired	$	43,417

Schedule of Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period

The following is a summary of the credit impaired loans acquired in the Highlands acquisition as of the closing date.

(in thousands)
Contractually required principal and interest at acquisition	$	20,025
Contractual cash flows not expected to be collected (non-accretable difference)	4,758
Expected cash flows at acquisition	$	15,267
Interest component of expected cash flows (accretable difference)	1,420
Fair value of acquired loans	$	13,847

Business Acquisition, Pro Forma Information

	Pro Forma		Pro Forma
(in thousands)	March 31, 2019		March 31, 2018
Net interest income	$	48,753	$	46,787
Provision for loan losses	508		1,382
Noninterest income	5,694		6,198
Noninterest expense	31,205		30,501
Net income	17,784		16,687
Earnings per share:
Fully diluted	$	0.35	$	0.33