Business Combinations (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Principal Balance Loans Acquired

The following table presents a reconciliation of the undiscounted contractual cash flows, nonaccretable difference, accretable yield, fair value, purchase discount, and principal balance of loans for the PNCI and PCI – other categories of North Valley Bancorp loans as of the acquisition date. For North Valley Bancorp PCI – other loans, the purchase discount does not necessarily represent cash flows to be collected:

	North Valley Bancorp Loans – October 3, 2014
(in thousands)	PNCI			PCI – other			Total
Undiscounted contractual cash flows	$	718,731		$	15,706		$	734,437
Undiscounted cash flows not expected to be collected (nonaccretable difference)		—			(6,295	)		(6,295	)
Undiscounted cash flows expected to be collected		718,731			9,411			728,142
Accretable yield at acquisition		(228,815	)		—			(228,815	)
Estimated fair value of loans acquired at acquisition		489,916			9,411			499,327
Purchase discount		12,721			2,077			14,798
Principal balance loans acquired	$	502,637		$	11,488		$	514,125

North Valley Bancorp [Member]

Schedule of Fair Value of Consideration Transferred, Identifiable Net Assets Acquired and Resulting Goodwill

The following table discloses the calculation of the fair value of consideration transferred, the total identifiable net assets acquired and the resulting goodwill relating to the North Valley Bancorp acquisition:

(in thousands)	North Valley Bancorp October 3, 2014
Fair value of consideration transferred:
Fair value of shares issued	$	151,303
Cash consideration		7
Total fair value of consideration transferred		151,310
Asset acquired:
Cash and cash equivalents		141,412
Securities available for sale		17,288
Securities held to maturity		189,950
Restricted equity securities		5,378
Loans		499,327
Foreclosed assets		695
Premises and equipment		11,936
Cash value of life insurance		38,075
Core deposit intangible		6,614
Other assets		20,064
Total assets acquired		930,739
Liabilities assumed:
Deposits		801,956
Other liabilities		10,429
Junior subordinated debt		14,987
Total liabilities assumed		827,372
Total net assets acquired		103,367
Goodwill recognized	$	47,943

Summary of Estimated Fair Value Adjustments Resulting In Goodwill

A summary of the estimated fair value adjustments resulting in the goodwill recorded in the North Valley Bancorp acquisition are presented below:

(in thousands)	North Valley Bancorp October 3, 2014
Value of stock consideration paid to North Valley Bancorp Shareholders	$	151,303
Cash payments to North Valley Bancorp Shareholders		7
Cost basis net assets acquired		(98,040	)
Fair value adjustments:
Loans		5,832
Premises and Equipment		(4,785	)
Core deposit intangible		(6,283	)
Deferred income taxes		6,293
Junior subordinated debt		(6,664	)
Other		280
Goodwill	$	47,943

Schedule of Cost Basis, Fair Value Discount and loan Acquired

The following table presents the cost basis, fair value discount, and fair value of loans acquired from North Valley Bancorp on October 3, 2014:

	North Valley Bancorp Acquired Loans October 3, 2014
(in thousands)	Cost Basis		Discount			Fair Value
PNCI	$	502,637	$	(12,721	)	$	489,916
PCI – other		11,488		(2,077	)		9,411
Total	$	514,125	$	(14,798	)	$	499,327