Business Combination (Tables)

6 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The 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

The following table summarizes the amounts recorded at closing:

	February 28, 2013
	(in thousands)
Cash and cash equivalents	15,626
Investments and MBS	1,030
Loans receivable, net	97,262
Core deposit intangible	453
Other assets	27,197
Total assets acquired	$	141,568
Deposits	$	118,221
Other liabilities	7,054
Total liabilities assumed	125,275
Net assets acquired	16,293
Consideration paid	8,749
Bargain purchase gain	$	7,544

The following table summarizes the amounts recorded at closing:

	May 10, 2013
	(in thousands)
Cash and cash equivalents	$	340
Loans receivable, net	273,353
Goodwill	14,056
Core deposit intangible	1,674
Other assets	2,721
Total assets acquired	$	292,144
Deposits	$	168,246
Other liabilities	913
Total liabilities assumed	169,159
Net assets acquired	$	122,985

Business Acquisition, Pro Forma Information

	First Independent (stand alone)				Pro Forma Combined
	Three Months Ended		Six Months Ended		Three Months Ended		Six Months Ended
	June 30, 2012
	(in thousands, except per share data)
Net interest income	$	7,859	$	11,100	$	78,910	$	159,744
Noninterest income	1,678		2,181		44,741		77,333
Net income	3,901		6,008		320,886		338,391
Earnings per share - basic	0.06		0.10		5.17		5.45
Earnings per share - diluted	$	0.06	$	0.10	$	5.13	$	5.40