Accounting for Certain Loans Acquired in a Transfer (Tables)

3 Months Ended

Mar. 31, 2018

Universal Bancorp [Member]

Schedule of Acquired Loans

The following table presents the carrying amounts of the acquired loans included in the balance sheet amounts of loans receivable as of March 31, 2018.

	March 31, 2018
Outstanding balance
Real estate
Commercial	$	161,334
Commercial construction and development		22,849
Consumer closed end first mortgage		37,774
Consumer open end and junior liens		9,318
Total real estate loans		231,275
Other loans
Consumer loans
Auto		2,150
Boat/RVs		173
Other		919
Commercial and industrial		22,690
Total other loans		25,932
Total loans	$	257,207
Carrying amount	$	252,989
Allowance		-
Carrying amount net of allowance	$	252,989