Acquisition (Tables) (SCB Bancorp [Member])

6 Months Ended

Jun. 30, 2014

SCB Bancorp [Member]

Schedule of Preliminary Purchase Price of Assets Acquired and Liabilities Assumed

the preliminary purchase price for the Summit acquisition is allocated as follows:

ASSETS			LIABILITIES
Cash and due from banks	$	15,161	Deposits
			Non-interest bearing	$	27,274
Commercial		70,441	NOW accounts		16,332
Residential mortgage		43,448	Savings and money market		35,045
Consumer		10,192	Certificates of deposits		42,368
Total loans		124,081	Total deposits		121,019
Premises and equipment, net		2,548	Borrowings		16,990
FRB and FHLB stock		2,136	Interest payable		52
Goodwill		8,286	Other liabilities		599
Core deposit intangible		822
Interest receivable		347
Cash value life insurance		2,185
Other assets		3,019
Total assets purchased	$	158,585	Total liabilities assumed	$	138,660
Common shares issued	$	12,689
Cash paid		6,207
Retirement of Holding Company Debt		1,029
Total estimated purchase price	$	19,925

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 April 3, 2014.

Contractually required principal and interest at acquisition	$	14,460
Contractual cash flows not expected to be collected (nonaccretable differences)		3,077
Expected cash flows at acquisition		11,383
Interest component of expected cash flows (accretable discount)		1,758
Fair value of acquired loans accounted for under ASC 310-30	$	9,625