Acquisitions (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table represents, in thousands, the amounts recorded on the consolidated balance sheet as of February 5, 2016:



	As of February 5, 2016
Fair value of consideration paid:
Common Stock (2,003,235 shares)	$	57,433
Preferred Stock (3,000 shares)	3,777
Cash	15,672
Total consideration paid	76,882
Fair value of assets acquired:
Cash and due from banks	23,756
Securities:
Securities available for sale	92,831
Other securities	3,486
Loans held to maturity	581,477
Premises, furniture and equipment, net	16,450
Other real estate, net	1,934
Other intangible assets, net	6,576
Other assets	16,276
Total assets	742,786
Fair value of liabilities assumed:
Deposits	648,111
Short term borrowings	35,766
Other borrowings	7,924
Other liabilities	3,951
Total liabilities assumed	695,752
Fair value of net assets acquired	47,034
Goodwill resulting from acquisition	$	29,848

Business Acquisition, Pro Forma Information

The following pro forma information presents the results of operations for the years ended December 31, 2015, and December 31, 2014, as if the CIC Bancshares, Inc. acquisition occurred on January 1, 2014:



(Dollars in thousands, except per share data), unaudited	For the Years Ended
	December 31, 2015		December 31, 2014
Net interest income	$	259,531	$	221,808
Net income available to common shareholders	$	59,491	$	41,004
Basic earnings per share	$	2.63	$	2.00
Diluted earnings per share	$	2.58	$	1.96