Acquisition (Tables) - FBC Bancshares, Inc. and First Bank, N.A. [Member]

3 Months Ended

Mar. 31, 2018

Schedule of Amounts Recorded on Consolidated Balance Sheet on Acquisition Date

The assets acquired and liabilities assumed were recorded on the consolidated balance sheet at estimated fair value on the acquisition date. The acquisition was not considered to be a significant business combination. The following table presents the amounts recorded on the consolidated balance sheet on the acquisition date (dollars in thousands):

Fair value of consideration paid:
Common stock issued (1,289,371 shares)	$	58,087

Schedule of Preliminary Estimated Fair Value Amounts Assigned to Major Asset and Liability Categories at Acquisition Date

Fair value of consideration paid:
Common stock issued (1,289,371 shares)	$	58,087
Fair value of identifiable assets acquired:
Cash and cash equivalents		18,653
Securities available-for-sale		64,501
Loans		266,327
Identifiable intangible assets		3,167
Other assets		15,375
Total identifiable assets acquired		368,023
Fair value of liabilities assumed:
Deposits		341,902
Other liabilities		(373	)
Total liabilities assumed		341,529
Fair value of net identifiable assets acquired		26,494
Goodwill resulting from acquisition	$	31,593