Business Combination (Tables)

12 Months Ended

Dec. 31, 2015

Business Combination

Summary of consideration paid for MISN

	February 28, 2014
		(dollars in thousands)
Consideration paid:
Cash payments for MISN shares outstanding	$	2,554
Cash payments for MISN warrants		5,766
Cash payments for MISN options		387
Shares issued, at $7.99 per share		60,255
Total consideration	$	68,962

Summary of acquired assets and liabilities assumed

	February 28, 2014
		(dollars in thousands)
Assets acquired
Cash and due from banks	$	3,212
Interest earning deposits in other banks		34,386
Securities available for sale		76,159
Loans held for sale		338
Loans and leases receivable		280,316
Premises and equipment		15,718
Deferred tax assets, net		11,774
Goodwill		13,648
Core deposit intangible asset		5,060
Bank owned life insurance		8,263
Other assets		4,810
Total assets acquired	$	453,684
Liabilities assumed
Deposits	$	371,501
Advances from Federal Home Loan Bank		6,071
Junior subordinated debentures		4,804
Other liabilities		2,346
Total liabilities assumed	$	384,722
Total consideration paid	$	68,962

Schedule of unaudited pro forma financial information

	For the Years Ended December 31,
	2014		2013
		(dollars in thousands, except per share data)
Net interest income	$	61,185	$	59,269
Provision for loan and lease losses		-		310
Non-interest income		10,189		14,755
Non-interest expense		58,227		54,461
Income before income taxes		13,147		19,253
Income tax expense		4,553		7,552
Net income	$	8,594	$	11,701
Earnings Per Common Share
Basic	$	0.25	$	0.33
Diluted	$	0.25	$	0.33