Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016 and 2015 (in thousands):

	2016				2015
	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Goodwill not subject to amortization	$	61,551	$	3,760	$	44,767	$	3,760
Intangibles from branch acquisition	3,015		3,015		3,015		3,015
Core deposit intangibles	19,862		9,644		15,202		8,017
Customer list intangibles	3,731		2,102		3,731		1,919
	$	88,159	$	18,521	$	66,715	$	16,711

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

The following table provides a reconciliation of the purchase price paid for the ONB 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 goodwill consists primarily of the customer list of the agency.

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

Purchase price	$	2,807
Less purchase accounting adjustments:
Insurance company intangibles	(1,827		)
Resulting goodwill from acquisition	$	980

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

Purchase price			$	8,741
Less purchase accounting adjustments:
Fair value of securities	737
Fair value of loans	3,475
Fair value of OREO	754
Fair value of premises and equipment	(1,963	)
Fair value of time deposits	1,994
Fair value of FHLB advances	113
Fair value of subordinated debentures	(731	)
Core deposit intangible	(4,660	)
Other Assets	8,325
			8,044
Resulting goodwill from acquisition			$	16,785

Intangible Assets, Mortgage Servicing Rights [Table Text Block]

As part of the acquisition of First Clover Leaf Bank, the Company acquired mortgage servicing righted valued at $1,069,000. The following table summarizes the activity pertaining to the mortgage servicing rights included in intangible assets as of December 31, 2016 (in thousands):

	December 31, 2016
Acquired Balance	1,069
Mortgage Servicing rights capitalized	14
Mortgage Servicing rights amortized	(98		)
Ending Balance	$	985

Schedule of Intangible Assets Amortization Expense [Table Text Block]

Total amortization expense for the years ended December 31, 2016, 2015 and 2014 was as follows (in thousands):

	2016		2015		2014
Core deposit intangibles	1,628		876		643
Customer list intangibles	183		15		—
Mortgage Servicing Rights	98		—		—
	$	1,909	$	891	$	643

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 (in thousands):

For year ended 12/31/17	$	1,496
For year ended 12/31/18	1,365
For year ended 12/31/19	1,243
For year ended 12/31/20	1,097
For year ended 12/31/21	875