Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The Company has goodwill from business combinations, intangible assets from branch acquisitions, identifiable intangible assets assigned to core deposit relationships and customer lists of insurance agencies acquired. The following table presents gross carrying amount and accumulated amortization by major intangible asset class as of December 31, 2015 and 2014:



	2015				2014
	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Goodwill not subject to amortization	$	44,767	$	3,760	$	29,513	$	3,760
Intangibles from branch acquisition	3,015		3,015		3,015		3,015
Core deposit intangibles	15,202		8,017		8,986		7,142
Customer list intangibles	3,731		1,919		1,904		1,904
	$	66,715	$	16,711	$	43,418	$	15,821

Reconciliation of purchase price to goodwill recorded [Table Text Block]

The following table provides a reconciliation of the purchase price paid for the Branches and the amount of goodwill recorded (in thousands):



Purchase price			$	15,892
Less purchase accounting adjustments:
Fair value of loans	3,377
Fair value of premises and equipment	125
Fair value of time deposits	837
Core deposit intangible	(6,216	)
Other Assets	259
			(1,618		)
Resulting goodwill from acquisition			$	14,274

During the fourth quarter of 2015, goodwill of $980,000 was also recorded for the acquisition of certain assets used by Illiana Insurance Agency, Ltd., in connection with its health plan and life insurance and annuity's business. The following table provides a reconciliation of the purchase price paid for Illiana and the amount of goodwill recorded (in thousands):

Schedule of Intangible Assets Amortization Expense [Table Text Block]

Total amortization expense for the years ended December 31, 2015, 2014 and 2013 was as follows:



	2015		2014		2013
Core deposit intangibles	876		643		674
Customer list intangibles	15		—		—
	$	891	$	643	$	674

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

stimated amortization expense for each of the five succeeding years is shown in the table below:



For year ended 12/31/16	$	1,572
For year ended 12/31/17	1,322
For year ended 12/31/18	1,193
For year ended 12/31/19	1,079
For year ended 12/31/20	933

Purchase price

Less purchase accounting adjustments:

Insurance company intangibles

Resulting goodwill from acquisition