Acquisition and Divestiture Activity (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Summary of Fair Values of Acquired Assets, Liabilities Assumed and Resulting Goodwill

A summary of the fair values of the acquired assets, liabilities assumed, and resulting goodwill follows (in thousands):

Cash and cash equivalents	$	34,501
Investment securities		302,195
FHLB/Federal Reserve Bank stock		6,585
Loans held for sale		1,407
Loans		1,593,991
Premises and equipment		33,433
Accrued interest receivable		5,872
Other real estate owned		1,058
Company-owned life insurance		44,490
Other assets		30,036
Deposits		(1,777,588	)
Federal funds purchased and interbank borrowings		(45,600	)
Securities sold under agreements to repurchase		(22,965	)
Other borrowings		(49,257	)
Accrued expenses and other liabilities		(25,784	)
Net tangible assets acquired		132,374
Definite-lived intangible assets acquired		26,606
Goodwill		173,785
Total consideration	$	332,765

Summary of Acquired Loan Data

Acquired loan data for Anchor (MN) can be found in the table below:

					Best Estimate at
					Acquisition Date of
	Fair Value		Gross Contractual		Contractual Cash
	of Acquired Loans		Cash Flows at		Flows Not Expected
(in thousands)	at Acquisition Date		Acquisition Date		to be Collected
Acquired receivables subject to ASC 310-30	$	10,555	$	16,898	$	4,787
Acquired receivables not subject  to ASC 310-30	$	1,583,436	$	1,879,449	$	87,767