Business Combinations (Tables)

9 Months Ended

Sep. 30, 2016

First Clover Leaf [Member]

Business Acquisition [Line Items]

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 the First Clover Leaf acquisition (in thousands).

	Acquired Book Value			Fair Value Adjustments			As Recorded by First Clover Leaf Bank
Assets
Cash	$	59,320		$	—		$	59,320
Investment Securities	109,911			(737		)	109,174
Loans	448,668			(10,403		)	438,265
Allowance for loan losses	(6,928		)	6,928			—
Other real estate owned	2,741			(754		)	1,987
Premises and equipment	9,618			1,963			11,581
Goodwill	11,385			5,400			16,785
Core deposit intangible	99			4,561			4,660
Other assets	23,974			3,159			27,133
Total assets acquired	$	658,788		$	10,117		$	668,905
Liabilities and Stockholders' Equity
Deposits	$	534,692		$	1,994		$	536,686
Securities sold under agreements to repurchase	23,263			—			23,263
FHLB advances	15,000			113			15,113
Subordinated debentures	4,000			(731		)	3,269
Other liabilities	2,103			—			2,103
Total liabilities assumed	579,058			1,376			580,434
Net assets acquired	$	79,730		$	8,741		$	88,471
Consideration Paid
Cash							$	22,545
Common stock							65,926
Total consideration paid							$	88,471

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 First Clover Leaf acquisition taken place at the beginning of the period (dollars in thousands):

	Three months ended				Nine months ended
	September 30,		September 30,		September 30,		September 30,
	2016		2015		2016		2015
Net interest income	$	21,255	$	18,774	$	63,727	$	54,867
Provision for loan losses	1,363		538		2,209		446
Non-interest income	7,322		5,624		21,640		16,299
Non-interest expense	20,039		18,534		57,145		48,367
Income before income taxes	7,175		5,326		26,013		22,353
Income tax expense	2,481		1,717		9,079		7,583
Net income	4,694		3,609		16,934		14,770
Dividends on preferred shares	—		550		825		1,650
Net income available to common stockholders	$	4,694	$	3,059	$	16,109	$	13,120
Earnings per share
Basic	$	0.45	$	0.34	$	1.72	$	1.69
Diluted	$	0.45	$	0.35	$	1.68	$	1.62
Basic weighted average shares outstanding	10,497,072		9,043,283		9,372,547		7,763,067
Diluted weighted average shares outstanding	10,504,046		10,406,419		10,057,398		9,126,203

OldNationalBankBranches [Member]

Business Acquisition [Line Items]

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 the acquisition of the ONB Branches (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 (dollars in thousands):

	Three months ended		Nine months ended
	September 30,		September 30,
	2015		2015
Net interest income	$	17,762	$	49,575
Provision for loan losses	662		1,292
Non-interest income	6,811		19,750
Non-interest expense	15,304		43,617
Income before income taxes	8,607		24,416
Income tax expense	3,017		8,766
Net income	5,590		15,650
Dividends on preferred shares	550		1,650
Net income available to common stockholders	$	5,040	$	14,000
Earnings per share
Basic	$	0.60	$	1.85
Diluted	$	0.57	$	1.76
Basic weighted average shares outstanding	8,421,397		7,553,468
Diluted weighted average shares outstanding	9,784,533		8,916,604

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 ONB Branch 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.