Business Combinations (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Net Assets (Liabilities) Received and Estimated Fair Value Adjustments

A summary of the net assets acquired and the estimated fair value adjustments of Circle are presented below:

(in thousands)



	Circle Bank
	November 14, 2012

Cost basis net assets	$	17,127
Cash payment paid	(24,860		)
Fair value adjustments:
Non-covered loans and leases, net	(2,622		)
Other intangible assets	830
Non-covered other real estate owned	(487		)
Deposits	(904		)
Term debt	(2,404		)
Other	775
Goodwill	$	(12,545	)

Statement of Assets Acquired and Liabilities Assumed at Estimated Fair Values

The statement of assets acquired and liabilities assumed at their fair values of Circle are presented below:

(in thousands)



	Circle Bank
	November 14, 2012
Assets Acquired:
Cash and equivalents	$	39,328
Investment securities	793
Non-covered loans and leases, net	246,665
Premises and equipment	7,713
Restricted equity securities	2,491
Goodwill	12,545
Other intangible assets	830
Non-covered other real estate owned	1,602
Other assets	5,784
Total assets acquired	$	317,751

Liabilities Assumed:
Deposits	$	250,408
Junior subordinated debentures	8,764
Term debt	55,404
Other liabilities	3,175
Total liabilities assumed	$	317,751

Schedule of Loans Acquired

Non-covered loans acquired from Circle that are not subject to the requirements of FASB ASC 310-30 Loans and Debt Securities Acquired with Deteriorated Credit Quality ("ASC 310-30") are presented below at acquisition:

(in thousands)



	November 14,
	2012
Contractually required principal payments	$	242,999
Purchase adjustment for credit, interest rate, and liquidity	(2,149		)
Balance of performing non-covered loans	$	240,850

Non-covered loans acquired from Circle that are subject to the requirements of ASC 310-30 are presented below at acquisition and as of March 31, 2013 and December 31, 2012:

(in thousands)



	November 14,		December 31,		March 31,
	2012		2012		2013
Contractually required principal payments	$	12,252	$	12,231	$	11,365
Carrying balance of acquired purchase credit impaired non-covered loans	$	5,815	$	5,809	$	5,337