Acquisition (Tables) (Heartland Bancshares Inc [Member])

12 Months Ended

Dec. 31, 2013

Heartland Bancshares Inc [Member]

Schedule of Preliminary Purchase Price of Assets Acquired and Liabilities Assumed

the preliminary purchase price for the Heartland acquisition is allocated as follows (in thousands):

ASSETS
Cash and due from banks	$	33,531
Investment securities, available for sale		63,707
Commercial		70,343
Residential mortgage		20,838
Consumer		23,423
Total loans		114,604
Premises and equipment		2,647
FRB and FHLB stock		943
Goodwill		13,838
Core deposit intangible		2,332
Interest receivable		820
Cash value life insurance		4,012
Other assets		9,210
Total assets purchased	$	245,644
Common shares issued	$	19,668
Retirement of TARP preferred shares		7,248
Total estimated purchase price	$	26,916

LIABILITIES
Deposits
Non-interest bearing	$	59,350
NOW accounts		42,681
Savings and money market		61,465
Certificates of deposits		47,749
Total deposits		211,245
Borrowings		1,186
Subordinated debentures		1,537
Interest payable		90
Other liabilities		4,670
Total liabilities assumed	$	218,728

Schedule of Acquired Loans Accounted for in Accordance with ASC 310-30

The following table details the acquired loans that are accounted for in accordance with ASC 310-30 as of July 17, 2012.

Contractually required principal and interest at acquisition	$	35,574
Contractual cash flows not expected to be collected (nonaccretable differences)		5,264
Expected cash flows at acquisition		30,310
Interest component of expected cash flows (accretable discount)		7,494
Fair value of acquired loans accounted for under ASC 310-30	$	22,816

Accretable Yield or Income Expected to be Collected

Accretable yield, or income expected to be collected, is as follows:

	2013			2012
Balance at January 1	$	6,111		$	—
Additions		—			7,494
Accretion		(1,267	)		(807	)
Reclassification from nonaccreatable difference		—			—
Disposals		(1,659	)		(576	)
Balance at December 31	$	3,185		$	6,111