Business Combinations (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the date of acquisition (in thousands).



	Acquired Book Value		Fair Value Adjustments			As Recorded by First Mid Bank
Assets
Cash	$	279,468	$	—		$	279,468
Loans	155,774		(3,377		)	152,397
Premises and equipment	4,547		(125		)	4,422
Goodwill	—		14,274			14,274
Core deposit intangible	—		6,216			6,216
Other assets	1,433		(259		)	1,174
Total assets acquired	$	441,222	$	16,729		$	457,951
Liabilities
Deposits	$	452,810	$	837		$	453,647
Securities sold under agreements to repurchase	3,797		—			3,797
Other liabilities	507		—			507
Total liabilities assumed	$	457,114	$	837		$	457,951

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma condensed combined financial information presents the results of operations of the Company, including the effects of the purchase accounting adjustments and acquisition expenses, had the acquisition taken place at the beginning of the period (in thousands):



	Three months ended		Six months ended
	June 30,		June 30,
	2015		2015
Net interest income	$	16,804	$	32,516
Provision for loan losses	184		548
Non-interest income	6,338		12,939
Non-interest expense	14,161		28,693
Income before income taxes	8,797		16,214
Income tax expense	3,153		5,866
Net income	$	5,644	$	10,348
Dividends on preferred shares	550		1,100
Net income available to common stockholders	$	5,094	$	9,248

Earnings per share
Basic	$	0.71	$	1.30
Diluted	$	0.66	$	1.22

Basic weighted average shares outstanding	7,198,980		7,112,309
Diluted weighted average shares outstanding	8,563,773		8,477,102

The unaudited pro forma condensed combined financial statements do not reflect any anticipated cost savings and revenue enhancements. Accordingly, the pro forma results of operations of the Company as of and after the business combination may not be indicative of the results that actually would have occurred if the combination had been in effect during the periods presented or of the results that may be attained in the future.