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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed
The following table summarizes the consideration paid for Sierra Vista Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date (in thousands):

Merger consideration:
 
Cash
$
9,468

Common stock issued
16,793

Fair Value of Total Consideration Transferred
$
26,261

 
 
Recognized amounts of identifiable assets acquired and liabilities assumed:
 
Cash and cash equivalents
$
22,709

Loans, net
122,533

Core deposit intangible
508

Premises and equipment
586

Federal Home Loan Bank stock
771

Deferred taxes and taxes receivable
4,417

Bank owned life insurance
2,664

Other assets
966

Total assets acquired
155,154

Deposits
138,236

Deposit premium
142

Other liabilities
829

Total liabilities assumed
139,207

Total identifiable net assets
15,947

Goodwill
$
10,314

The following table summarizes the consideration paid for FLB and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date (in thousands):
Merger consideration:
 
Common stock issued
$
28,475

Fair Value of Total Consideration Transferred
$
28,475

 
 
Recognized amounts of identifiable assets acquired and liabilities assumed:
 
Cash and cash equivalents
$
26,279

Loans, net
117,815

Investments
41,280

Core deposit intangible
1,879

Premises and equipment
561

Federal Home Loan Bank stock
1,559

Deferred taxes and taxes receivable
2,186

Bank owned life insurance
3,997

Other assets
592

Total assets acquired
196,148

Deposits
171,948

Deposit premium
132

Short-term borrowings - Federal Home Loan Bank
7,000

Other liabilities
2,059

Total liabilities assumed
181,139

Total identifiable net assets
15,009

Goodwill
$
13,466

Pro Forma Results of Operations
The following table presents pro forma results of operations information for the periods presented as if the acquisitions had occurred on January 1, 2016 after giving effect to certain adjustments. The unaudited pro forma results of operations for the years ended December 31, 2017 and 2016 include the historical accounts of the Company, Folsom Lake Bank, and Sierra Vista Bank and pro forma adjustments as may be required, including the amortization of intangibles with definite lives and the amortization or accretion of any premiums or discounts arising from fair value adjustments for assets acquired and liabilities assumed. The pro forma information is intended for informational purposes only and is not necessarily indicative of the Company’s future operating results or operating results that would have occurred had the acquisitions been completed at the beginning of each respective year. No assumptions have been applied to the pro forma results of operations regarding possible revenue enhancements, expense efficiencies or asset dispositions. (In thousands, except per-share amounts):
 
 
For the Years Ended December 31,
 
 
2017
 
2016
Net interest income
 
$
61,059

 
$
56,531

Provision for (reversal of) credit losses
 
(1,150
)
 
(5,800
)
Non-interest income
 
11,240

 
10,205

Non-interest expense
 
51,415

 
52,131

Income before provision for income taxes
 
22,034

 
20,405

Provision for income taxes
 
9,168

 
6,381

Net income
 
$
12,866

 
$
14,024

Net income available to common shareholders
 
$
12,866

 
$
14,024

Basic earnings per common share
 
$
1.03

 
$
1.24

Diluted earnings per common share
 
$
1.01

 
$
1.23