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Note 13: Business Combinations: Business Acquisition Policy -- Citizens State Bank: Schedule of Business Acquisition -- Citizens State Bank (Tables)
3 Months Ended
Mar. 31, 2014
Tables/Schedules  
Schedule of Business Acquisition -- Citizens State Bank

 

Fair Value of Consideration Transferred

 

Cash

$5,708,211

Contingent consideration

-

     Total consideration

$5,708,211

Recognized amounts of identifiable assets acquired

     and liabilities assumed

Cash and Cash equivalents

$4,167,979

Investment Securities

50,539,865

Loans

11,984,135

Premises and equipment

612,540

Identifiable intangible assets

624,440

Miscellaneous other assets

4,075,288

Deposits

(64,154,307)

Advances from FHLB

(1,499,904)

Miscellaneous other liabilities

(641,825)

     Total identifiable net assets

5,708,211

          Goodwill

$-