Acquisitions (Tables)

3 Months Ended

Mar. 31, 2019

Pro Forma Result of Comparable Prior Reporting Period

The following schedule includes pro-forma results for the three months ended March 31, 2019 and 2018 as if the Salin acquisition had occurred as of the beginning of the comparable prior reporting periods.

	Three Months Ended
	March 31		March 31
	2019		2018
Summary of Operations:
Net Interest Income	$	42,182	$	40,619
Provision for Loan Losses		664		1,167
Net Interest Income after Provision for Loan Losses		41,518		39,452
Non-interest Income		9,126		9,999
Non-interest Expense		42,152		33,169
Income before Income Taxes		8,492		16,282
Income Tax Expense		2,017		2,465
Net Income		6,475		13,817
Net Income Available to Common Shareholders	$	6,475	$	13,817
Basic Earnings per Share	$	0.17	$	0.36
Diluted Earnings per Share	$	0.17	$	0.36

Salin Bancshares, Inc [Member]

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Based on preliminary valuations 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 preliminary purchase price for the Salin acquisition is detailed in the following table.

Assets
Cash and due from banks	$	152,745
Investment securities, available for sale		54,706
Loans
Commercial		350,916
Residential mortgage		136,089
Consumer		84,814
Total loans		571,819
Premises and equipment, net		23,882
FRB and FHLB stock		3,571
Goodwill		25,810
Core deposit intangible		21,111
Interest receivable		2,488
Other assets		107,611
Total assets purchased	$	963,743
Common shares issued	$	102,722
Cash paid		24,000
Total purchase price	$	126,722
Liabilities
Deposits
Non-interest bearing	$	188,744
NOW accounts		207,567
Savings and money market		274,504
Certificates of deposit		70,652
Total deposits		741,467
Borrowings		70,495
Subordinated debentures		17,443
Interest payable		826
Other liabilities		6,790
Total liabilities assumed	$	837,021

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

The following table details an estimate of the acquired loans that are accounted for in accordance with ASC 310-30 as of March 26, 2019. Final valuation estimates have not yet been determined for acquired loans as of March 31, 2019. If information becomes available which would indicate adjustment to the purchase price allocation, such adjustments would be made prospectively.

Contractually required principal and interest at acquisition	$	22,209
Contractual cash flows not expected to be collected (nonaccretable differences)		8,632
Expected cash flows at acquisition		13,577
Interest component of expected cash flows (accretable discount)		1,333
Fair value of acquired loans accounted for under ASC 310-30	$	12,244