Acquisitions (Tables) - Peoples Bancorp Inc [Member]

3 Months Ended

Mar. 31, 2016

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Based on management’s preliminary valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the final purchase price for the Peoples acquisition is allocated as follows:

ASSETS
Cash and due from banks	$	205,054
Investment securities, held to maturity		2,038
Commercial		67,435
Residential mortgage		137,331
Consumer		19,593
Total loans		224,359
Premises and equipment, net		5,524
FRB and FHLB stock		2,743
Goodwill		21,424
Core deposit intangible		4,394
Interest receivable		1,279
Cash value of life insurance		13,898
Other assets		4,364
Total assets purchased	$	485,077
Common shares issued	$	55,506
Cash paid		22,641
Total estimated purchase price	$	78,147

LIABILITIES
Deposits
Non-interest bearing	$	28,251
NOW accounts		65,771
Savings and money market		125,176
Certificates of deposits		131,889
Total deposits		351,087
Borrowings		48,884
Interest payable		21
Other liabilities		6,938
Total liabilities assumed	$	406,930

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 1, 2015.

Contractually required principal and interest at acquisition	$	5,730
Contractual cash flows not expected to be collected (nonaccretable differences)		715
Expected cash flows at acquisition		5,015
Interest component of expected cash flows (accretable discount)		647
Fair value of acquired loans accounted for under ASC 310-30	$	4,368

Pro Forma Result of Comparable Prior Reporting Period

The following schedule includes pro forma results for the periods ended March 31, 2016 and 2015 as if the Peoples and Peoples FSB acquisitions had occurred as of the beginning of the comparable prior reporting period.

	Three Months Ended
	March 31,		March 31,
	2016		2015
Summary of Operations:
Net Interest Income	$	19,774	$	19,865
Provision for Loan Losses		532		644
Net Interest Income after Provision for Loan Losses		19,242		19,221
Non-interest Income		7,864		7,966
Non-Interest Expense		19,747		19,270
Income before Income Taxes		7,359		7,917
Income Tax Expense		1,978		1,939
Net Income		5,381		5,978
Net Income Available to Common Shareholders	$	5,339	$	5,984
Basic Earnings Per Share	$	0.45	$	0.52
Diluted Earnings Per Share	$	0.44	$	0.51