Business Combinations (Tables)

12 Months Ended

Dec. 31, 2017

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

The purchase was accounted for under the acquisition method in accordance with Accounting Standards Codification (“ASC”) 805, “Business Combinations,” and accordingly the assets and liabilities were recorded at their fair values on the date of acquisition.

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):



	Twelve months ended
	December 31, 2015
Net interest income	66,680
Provision for loan losses	1,483
Non-interest income	26,001
Non-interest expense	59,944
Income before income taxes	31,254
Income tax expense	11,207
Net income	20,047
Dividends on preferred shares	2,200
Net income available to common stockholders	$	17,847

Earnings per share
Basic	$2.30
Diluted	$2.19

Basic weighted average shares outstanding	7,775,490
Diluted weighted average shares outstanding	9,137,689

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.