Business Combination (Tables)

9 Months Ended

Sep. 30, 2012

Business Combinations [Abstract]

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

he following table summarizes the amounts recorded at closing:

	February 29, 2012
	(in thousands)
Cash and cash equivalents	$	150,045
Investments and MBS	187,465
Loans receivable, net	349,990
Goodwill	22,577
Core deposit intangible	11,974
Fixed assets	4,038
Other assets	10,886
Total assets acquired	$	736,975
Deposits	$	695,919
Other liabilities	409
Total liabilities assumed	696,328
Net assets acquired	$	40,647

Business Acquisition, Pro Forma Information [Table Text Block]

Cost savings estimates are not included in the pro forma combined results, nor are certain credit impaired loans and associated losses excluded from the purchase and assumption transaction.

	First Independent (stand alone)				Pro Forma Combined				Pro Forma Combined
	Three Months Ended		Nine Months Ended		Three Months Ended				Nine Months Ended
	September 30, 2012				September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
	(in thousands, except per share data)
Net interest income	$	5,104	$	16,204	$	75,308	$	82,639	$	235,052	$	247,355
Noninterest income	1,247		3,428		46,698		31,662		124,031		100,693
Net income	2,630		8,638		30,598		13,556		368,989		33,962
Earnings per share - basic	0.04		0.14		0.49		0.22		5.94		0.55
Earnings per share - diluted	$	0.04	$	0.14	$	0.49	$	0.22	$	5.89	$	0.55

Impaired Financing Receivables [Table Text Block]

For purchased impaired loans, details as of the acquisition date were as follows:

	February 29, 2012
	(in thousands)
Contractual cash flows	$	24,408
Expected prepayments and credit losses	7,220
Expected cash flows	17,188
Present value of expected cash flows	15,265
Accretable yield	$	1,923

ling considers its nonperforming loans to be impaired loans. The following table summarizes impaired loans by class as of September 30, 2012 and December 31, 2011:

he following table presents the average book balance and interest income recognized for impaired loans by class for the periods presented:

	Three Months Ended September 30,
	2012				2011
	Average Book Balance		Interest Income Recognized		Average Book Balance		Interest Income Recognized
	(in thousands)
Residential real estate	$	43,393	$	170	$	51,786	$	247
Investor CRE	63,746		278		58,185		620
Multifamily	17,865		55		7,206		67
Construction	30,152		692		142,356		1,146
Owner Occupied CRE	68,270		316		80,913		723
C&I	10,137		51		13,544		80
Consumer	5,327		4		5,635		0
Total	$	238,890	$	1,566	$	359,625	$	2,883
	Nine Months Ended September 30,
	2012				2011
	Average Book Balance		Interest Income Recognized		Average Book Balance		Interest Income Recognized
	(in thousands)
Residential real estate	$	43,065	$	588	$	70,286	$	567
Investor CRE	52,656		1,281		83,024		1,848
Multifamily	7,544		405		14,419		690
Construction	61,340		1,565		222,280		1,190
Owner Occupied CRE	68,353		1,722		79,218		1,913
C&I	10,895		86		12,823		321
Consumer	5,947		4		6,839		0
Total	$	249,800	$	5,651	$	488,889	$	6,529

Certain Loan Acquired in Transfer Not Accounted for as Debt Securities Acquired During the Period [Table Text Block]

The following table presents a roll-forward of activity for the accretable yield for the purchased impaired loans:

	Three Months Ended			Nine Months Ended
	September 30, 2012
	(in thousands)
Beginning balance	$	2,331		$	0
Additions	0			1,923
Accretion to interest income	(223		)	(545		)
Reclassifications	(678		)	52
Ending balance	$	1,430		$	1,430

Five-Year Maturity, Projected Accretion Of The Discount, Recognized In Interest Income [Table Text Block]

	Three Months Ended			Nine Months Ended
	September 30, 2012
	(in thousands)
Beginning balance	$	2,331		$	0
Additions	0			1,923
Accretion to interest income	(223		)	(545		)
Reclassifications	(678		)	52
Ending balance	$	1,430		$	1,430

As of February 29, 2012, the unpaid principal balance and contractual interest ("contractual cash flows") on purchased loans that had not exhibited evidence of credit det