Business Combinations (Tables) - Bank of America [Member]

3 Months Ended

Mar. 31, 2017

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 acquisition of three branch banking offices and certain deposits from Bank of America on March 18, 2016:

(in thousands)	March 18, 2016
Fair value of consideration transferred:
Cash consideration	$	3,204
Total fair value of consideration transferred		3,204
Asset acquired:
Cash and cash equivalents		159,520
Loans		289
Premises and equipment		1,590
Core deposit intangible		2,046
Other assets		141
Total assets acquired		163,586
Liabilities assumed:
Deposits		161,231
Total liabilities assumed		161,231
Total net assets acquired		2,355
Goodwill recognized	$	849

Summary of Cash Paid and Estimated Fair Value Adjustments Resulting in Goodwill

A summary of the cash paid and estimated fair value adjustments resulting in the goodwill recorded in the acquisition of three branch banking offices and certain deposits from Bank of America on March 18, 2016 are presented below:

	March 18, 2016
(in thousands)
Cash paid	$	3,204
Cost basis net assets acquired		—
Fair value adjustments:
Loans		—
Premises and Equipment		(309	)
Core deposit intangible		(2,046	)
Goodwill	$	849