Business Combinations (Tables)

6 Months Ended

Jun. 30, 2012

Business Combinations

Summary of the net assets received in acquisition

(In thousands)	Citizens
	September 23, 2011
Asset acquired:
Cash and cash equivalents	$	80,707
Securities available-for-sale		9,353
Restricted equity securities		1,926
Loans		167,484
Core deposit intangible		898
Foreclosed assets		8,412
Other assets		1,524
Total assets acquired	$	270,304
Liabilities assumed:
Deposits	$	239,899
Other borrowings		22,038
Other liabilities		792
Total liabilities assumed		262,729
Net assets acquired/bargain purchase gain	$	7,575

Summary of the estimated fair value adjustments resulting in the bargain purchase gain

	Citizens
(In thousands)	September 23, 2011
Cost basis net assets acquired	$	26,682
Cash payment received from FDIC		44,140
Fair value adjustments:
Cash and cash equivalents		539
Loans		(57,745	)
Foreclosed assets		(5,609	)
Core deposit intangible		898
Deposits		(382	)
Borrowings		(28	)
Other		(920	)
Bargain purchase gain	$	7,575

Summary of principal balance loans acquired

	Citizens Loans – September 23, 2011
(In thousands)	PNCI			PCI - other			PCI - cash basis			Total
Undiscounted contractual cash flows	$	230,106		$	69,346		$	35,205		$	334,657
Undiscounted cash flows not expected to be collected (nonaccretable difference)		—			(26,846	)		(24,517	)		(51,363	)
Undiscounted cash flows expected to be collected		230,106			42,500			10,688			283,294
Accretable yield at acquisition		(105,664	)		(10,146	)		—			(115,810	)
Estimated fair value of loans acquired at acquisition		124,442			32,354			10,688			167,484
Purchase discount		20,364			23,207			14,174			57,745
Principal balance loans acquired	$	144,806		$	55,561		$	24,862		$	225,229