Business Combinations (Tables)

9 Months Ended

Mar. 31, 2016

The following table presents the consideration paid by the Bank in the acquisition of Bank of Commerce and the assets acquired and liabilities assumed as of July 31, 2014:



	As Recorded By Bank of Commerce		Fair Value and Other Merger Related Adjustments			As Recorded by the Company
Consideration Paid
Cash paid						$	10,000
Total consideration						$	10,000
Assets
Cash and cash equivalents	$	2,241	$	—		$	2,241
Securities available for sale	24,228		—			24,228
Loans, net of allowance	89,339		(2,855		)	86,484
Federal Home Loan Bank ("FHLB") Stock	791		—			791
REO	224		(14		)	210
Premises and equipment, net	135		—			135
Accrued interest receivable	355		(100		)	255
Deferred income taxes	286		2,839			3,125
Core deposit intangibles	—		640			640
Other assets	4,931		(6		)	4,925
Total assets acquired	$	122,530	$	504		$	123,034
Liabilities
Deposits	$	93,303	$	112		$	93,415
Other borrowings	15,000		172			15,172
Other liabilities	6,369		—			6,369
Total liabilities assumed	$	114,672	$	284		$	114,956
Net identifiable assets acquired over liabilities assumed	$	7,858	$	220		$	8,078
Goodwill						$	1,922

The following table presents the consideration paid by the Bank in the Branch Acquisition and the assets acquired and liabilities assumed as of November 14, 2014:



	As Recorded By Bank of America		Fair Value and Other Merger Related Adjustments		As Recorded by the Company
Consideration Paid
Cash paid as deposit premium					$	9,805
Total consideration					$	9,805
Assets
Cash and cash equivalents	$	320,673	$	—	$	320,673
Loans, net of allowance	1,045		—		1,045
Premises and equipment, net	6,303		2,690		8,993
Accrued interest receivable	3		—		3
Deferred income taxes	—		353		353
Core deposit intangibles	—		7,936		7,936
Total assets acquired	$	328,024	$	10,979	$	339,003
Liabilities
Deposits	$	328,007	$	1,174	$	329,181
Other liabilities	17		—		17
Total liabilities assumed	$	328,024	$	1,174	$	329,198
Net identifiable assets acquired over liabilities assumed	$	—	$	9,805	$	9,805
Goodwill					$	—

The following table presents the consideration paid by the Company in the acquisition of Jefferson and the assets acquired and liabilities assumed as of May 31, 2014:



	As Recorded by Jefferson		Fair Value and Other Merger Related Adjustments			As Recorded by the Company
Consideration Paid
Cash paid including cash in lieu of fractional shares						$	25,251
Fair value of HomeTrust common stock at $15.03 per share						25,239
Total consideration						$	50,490
Assets
Cash and cash equivalents	$	18,325	$	—		$	18,325
Securities available for sale	85,744		(675		)	85,069
Loans, net of allowance	338,616		(8,704		)	329,912
FHLB Stock	4,635		—			4,635
REO	3,288		(1,064		)	2,224
Premises and equipment, net	24,662		(1,487		)	23,175
Accrued interest receivable	1,367		(90		)	1,277
Deferred income taxes	9,606		3,637			13,243
Core deposit intangibles	847		2,683			3,530
Other assets	7,171		(393		)	6,778
Total assets acquired	$	494,261	$	(6,093	)	$	488,168
Liabilities
Deposits	$	376,985	$	371		$	377,356
Other borrowings	55,081		858			55,939
Subordinated debentures	7,460		2,540			10,000
Other liabilities	2,332		—			2,332
Total liabilities assumed	$	441,858	$	3,769		$	445,627
Net identifiable assets acquired over liabilities assumed	$	52,403	$	(9,862	)	42,541
Goodwill						$	7,949

The following table presents the consideration paid by the Company in the acquisition of BankGreenville and the assets acquired and liabilities assumed as of July 31, 2013:



	As Recorded by BankGreenville		Fair Value and Other Merger Related Adjustments			As Recorded by the Company
Consideration Paid
Cash						$	7,823
Repayment of BankGreenville preferred stock						1,050
Contingent cash consideration ⁽¹⁾						680
Total consideration						$	9,553
Assets
Cash and cash equivalents	$	10,348	$	—		$	10,348
Investment securities	34,345		—			34,345
Loans, net of allowance	51,622		(3,792		)	47,830
FHLB Stock	447		—			447
REO	2,317		(168		)	2,149
Premises and equipment, net	2,458		(117		)	2,341
Accrued interest receivable	429		—			429
Deferred tax asset	—		2,470			2,470
Other assets	214		—			214
Core deposit intangibles	—		530			530
Total assets acquired	$	102,180	$	(1,077	)	$	101,103
Liabilities
Deposits	$	88,906	$	201		$	89,107
Other borrowings	4,700		34			4,734
Other liabilities	511		—			511
Total liabilities assumed	$	94,117	$	235		$	94,352
Net identifiable assets acquired over liabilities assumed	$	8,063	$	(1,312	)	6,751
Goodwill						$	2,802

______________________________________


(1)	Estimate of additional amount to be paid to shareholders after 24 months based on performance of a select pool of loans totaling approximately $8,000. Actual amount paid was $484 on October 27, 2015.

Schedule of Purchased Performing Loans and Purchased Impaired Loans Acquired in Transfer

The carrying amount of acquired loans from BankGreenville as of July 31, 2013 consisted of purchased performing loans and PCI loans as detailed in the following table:



	Purchased Performing		PCI		Total Loans
Retail Consumer Loans:
One-to-four family	$	8,274	$	1,392	$	9,666
HELOCs	3,987		134		4,121
Consumer	522		—		522
Commercial:
Commercial real estate	23,073		4,552		27,625
Construction and development	2,367		3,529		5,896
Total	$	38,223	$	9,607	$	47,830

The carrying amount of acquired loans from Jefferson as of May 31, 2014 consisted of purchased performing loans and PCI loans as detailed in the following table:



	Purchased Performing		PCI		Total Loans
Retail Consumer Loans:
One-to-four family	$	74,378	$	6,066	$	80,444
HELOCs	16,857		18		16,875
Construction and land/lots	7,810		924		8,734
Consumer	3,690		2		3,692
Commercial:
Commercial real estate	119,635		15,649		135,284
Construction and development	24,658		1,012		25,670
Commercial and industrial	52,863		6,350		59,213
Total	$	299,891	$	30,021	$	329,912

The carrying amount of acquired loans from Bank of Commerce as of July 31, 2014 consisted of purchased performing loans and purchased credit-impaired ("PCI") loans as detailed in the following table:



	Purchased Performing		PCI		Total Loans
Retail Consumer Loans:
One-to-four family	$	2,717	$	2,979	$	5,696
Home equity lines of credit ("HELOCs")	8,823		317		9,140
Consumer	37		15		52
Commercial:
Commercial real estate	29,048		30,047		59,095
Construction and development	202		3,020		3,222
Commercial and industrial	5,402		3,877		9,279
Total	$	46,229	$	40,255	$	86,484