BUSINESS COMBINATIONS (Tables)
|
6 Months Ended |
Jun. 30, 2018 |
Kansas Bank Corporation [Member] |
|
Business Acquisition [Line Items] |
|
Summary of the Consideration Paid and the Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition Date |
The following table summarizes the consideration paid for KBC and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:
Fair value of consideration: |
|
|
|
|
Common stock |
|
$ |
32,103 |
|
Cash |
|
|
14,918 |
|
|
|
$ |
47,021 |
|
|
|
|
|
|
Recognized amounts of identifiable assets acquired and |
|
|
|
|
liabilities assumed: |
|
|
|
|
Cash and due from banks |
|
$ |
27,899 |
|
Available-for-sale securities |
|
|
22,820 |
|
Held-to-maturity securities |
|
|
92,028 |
|
Federal Reserve Bank and Federal Home Loan Bank stock |
|
|
475 |
|
Loans |
|
|
159,898 |
|
Premises and equipment |
|
|
5,835 |
|
Core deposit intangible |
|
|
8,080 |
|
Other assets |
|
|
5,482 |
|
Total assets acquired |
|
|
322,517 |
|
Deposits |
|
|
288,352 |
|
Interest payable and other liabilities |
|
|
751 |
|
Total liabilities assumed |
|
|
289,103 |
|
Total identifiable net assets |
|
|
33,414 |
|
Goodwill |
|
|
13,607 |
|
|
|
$ |
47,021 |
|
|
Schedule Of Acquisitions By Acquisition At Acquisition Date |
The following table presents information about the loans acquired in the KBC merger as of the date of acquisition:
|
|
Non-Credit Impaired |
|
|
Purchase Credit Impaired |
|
Contractually required principal |
|
$ |
160,526 |
|
|
$ |
5,066 |
|
Non-accretable difference (expected losses) |
|
— |
|
|
|
(2,305 |
) |
Cash flows expected to be collected |
|
|
160,526 |
|
|
|
2,761 |
|
Accretable yield |
|
|
(3,389 |
) |
|
— |
|
Fair value of acquired loans |
|
$ |
157,137 |
|
|
$ |
2,761 |
|
|
Schedule Of Carrying Amounts Of Purchased Loans At Acquisition |
The following table presents the carrying value of the loans acquired in the KBC acquisition by class, as of the date of acquisition:
|
|
Non-Credit Impaired |
|
|
Purchase Credit Impaired |
|
|
Total |
|
Commercial real estate |
|
$ |
94,924 |
|
|
$ |
1,975 |
|
|
$ |
96,899 |
|
Commercial and industrial |
|
|
18,848 |
|
|
|
622 |
|
|
|
19,470 |
|
Residential real estate |
|
|
2,898 |
|
|
|
- |
|
|
|
2,898 |
|
Agricultural real estate |
|
|
22,532 |
|
|
|
- |
|
|
|
22,532 |
|
Consumer |
|
|
3,539 |
|
|
|
- |
|
|
|
3,539 |
|
Agricultural |
|
|
14,396 |
|
|
|
164 |
|
|
|
14,560 |
|
Fair value of acquired loans |
|
$ |
157,137 |
|
|
$ |
2,761 |
|
|
$ |
159,898 |
|
|
Adams Dairy Bancshares, Inc. [Member] |
|
Business Acquisition [Line Items] |
|
Summary of the Consideration Paid and the Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition Date |
The following table summarizes the consideration paid for ADBI and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:
Fair value of consideration: |
|
|
|
|
Common stock |
|
$ |
13,456 |
|
Cash |
|
|
3,960 |
|
|
|
$ |
17,416 |
|
|
|
|
|
|
Recognized amounts of identifiable assets acquired and |
|
|
|
|
liabilities assumed: |
|
|
|
|
Cash and due from banks |
|
$ |
2,812 |
|
Interest bearing time deposits in other banks |
|
|
4,237 |
|
Available-for-sale securities |
|
|
10,677 |
|
Held-to-maturity securities |
|
|
335 |
|
Federal Reserve Bank and Federal Home Loan Bank stock |
|
|
194 |
|
Loans |
|
|
82,716 |
|
Premises and equipment |
|
|
4,485 |
|
Bank-owned life insurance |
|
|
2,869 |
|
Core deposit intangible |
|
|
1,990 |
|
Other assets |
|
|
1,042 |
|
Total assets acquired |
|
|
111,357 |
|
Deposits |
|
|
97,124 |
|
Federal Home Loan Bank advances |
|
|
1,000 |
|
Interest payable and other liabilities |
|
|
4,282 |
|
Total liabilities assumed |
|
|
102,406 |
|
Total identifiable net assets |
|
|
8,951 |
|
Goodwill |
|
|
8,465 |
|
|
|
$ |
17,416 |
|
|
Schedule Of Acquisitions By Acquisition At Acquisition Date |
The following table presents information about the loans acquired in the ADBI merger as of the date of acquisition:
|
|
Non-Credit Impaired |
|
|
Purchase Credit Impaired |
|
Contractually required principal |
|
$ |
84,225 |
|
|
$ |
1,477 |
|
Non-accretable difference (expected losses) |
|
— |
|
|
|
(238 |
) |
Cash flows expected to be collected |
|
|
84,225 |
|
|
|
1,239 |
|
Accretable yield |
|
|
(2,748 |
) |
|
— |
|
Fair value of acquired loans |
|
$ |
81,477 |
|
|
$ |
1,239 |
|
|
Schedule Of Carrying Amounts Of Purchased Loans At Acquisition |
The following table presents the carrying value of the loans acquired in the ADBI acquisition by class, as of the date of acquisition:
|
|
Non-Credit Impaired |
|
|
Purchase Credit Impaired |
|
|
Total |
|
Commercial real estate |
|
$ |
74,657 |
|
|
$ |
820 |
|
|
$ |
75,477 |
|
Commercial and industrial |
|
|
1,002 |
|
|
|
419 |
|
|
|
1,421 |
|
Residential real estate |
|
|
4,955 |
|
|
|
- |
|
|
|
4,955 |
|
Consumer |
|
|
863 |
|
|
|
- |
|
|
|
863 |
|
Fair value of acquired loans |
|
$ |
81,477 |
|
|
$ |
1,239 |
|
|
$ |
82,716 |
|
|