On January 3, 2012, Pacific Western Bank completed the acquisition of Pacific Western Equipment Finance (formerly known as Marquette Equipment Finance, which we refer to as EQF), an equipment leasing company located in Midvale, Utah. Pacific Western Bank acquired all of the capital stock of EQF for $35 million in cash. The acquisition diversified the Company's loan portfolio, expanded the Company's product lines, and deployed excess liquidity into higher yielding assets.

At January 3, 2012, EQF had $160.1 million in gross leases outstanding and leases in process, with no leases on nonaccrual status. In addition, Pacific Western Bank assumed $154.8 million in outstanding debt and other liabilities, which included $128.7 million payable to EQF's former parent. Pacific Western Bank repaid EQF's intercompany debt on the closing date from its excess liquidity on deposit at the Federal Reserve Bank. EQF operates as a division of Pacific Western Bank.

On April 3, 2012, Pacific Western Bank completed the acquisition of Celtic Capital Corporation, or Celtic, an asset-based lending company based in Santa Monica, California. Celtic focuses on providing asset-based loans to borrowers in the $5 million and under loan market in the United States. Pacific Western Bank acquired all of the capital stock of Celtic for $18 million in cash. The acquisition diversified the Company's loan portfolio, expanded the Company's product lines, and deployed excess liquidity into higher yielding assets.

At April 3, 2012, Celtic had $54.4 million in gross loans outstanding. In addition, Pacific Western Bank assumed $46.8 million in outstanding debt, which was repaid on the closing date. Celtic operates under the name Celtic Capital Corporation as a subsidiary of Pacific Western Bank.

On August 1, 2012, Pacific Western Bank completed the acquisition of American Perspective Bank, or APB, located in San Luis Obispo, California. Pacific Western Bank acquired all of the outstanding common stock of APB for $58.1 million in cash. APB had two operating branches located in San Luis Obispo and Santa Maria, California, and a loan production office located in Paso Robles, California. This acquisition is expected to strengthen the Company's presence in the Central Coast region. The loan production office has been approved to open as a branch in the fourth quarter of 2012 and is expected to provide opportunity for expansion and additional growth in that region.

At August 1, 2012, APB had $197.3 million in gross loans outstanding, $48.9 million in investment securities available-for-sale, and $219.6 million in deposits. In August 2012, we sold $45.6 million of APB's government-sponsored enterprise mortgage backed securities and collateralized mortgage obligations. We retained APB's municipal securities portfolio. Immediately following the completion of the acquisition, APB was merged with and into Pacific Western Bank.

We completed the following acquisitions during the time period of January 1, 2012 to September 30, 2012, using the purchase method of accounting, and accordingly, the operating results of the acquired entities have been included in our consolidated financial statements from their respective dates of acquisition. The balance sheets are presented at estimated fair value as of their respective acquisition dates:

	Acquisition and Date Acquired

	American Perspective Bank		Celtic Capital Corporation		Pacific Western Equipment Finance
	August 2012		April 2012		January 2012
	(In thousands)
Assets Acquired:
Cash and due from banks	$	3,370	$	3,602	$	7,092
Interest-earning deposits in financial institutions		10,081		—		—
Investment securities available-for-sale		48,887		—		—
FHLB stock		1,412		—		—
Loans and leases		197,279		54,433		140,959
Other real estate owned		1,561		—		—
Core deposit and customer relationship intangibles		1,924		1,300		1,700
Other intangible assets		—		670		1,420
Goodwill		15,563		5,855		19,033
Leases in process		—		—		19,162
Other assets		3,718		430		467

Total assets acquired	$	283,795	$	66,290	$	189,833

Liabilities Assumed:
Noninterest-bearing deposits	$	40,673	$	—	$	—
Interest-bearing deposits		178,891		—		—
Borrowings from parent		—		—		128,677
Other borrowings		5,315		46,804		15,839
Accrued interest payable and other liabilities		840		1,486		10,317

Total liabilities assumed	$	225,719	$	48,290	$	154,833

Cash consideration paid	$	58,076	$	18,000	$	35,000