XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisition Schedule of Business Combination (Tables)
9 Months Ended
Sep. 30, 2017
Business Acquisition [Line Items]  
Business Combination, Segment Allocation [Table Text Block]
The table below summarizes the net assets acquired (at fair value) and consideration transferred in connection with the DCB acquisition (dollars in thousands):
Consideration Paid
 
 
 
Cash paid to shareholders
$
21,232

 
 
Shares issued to shareholders (8,356,882 shares)
110,812

 
 
Total consideration paid
 
 
$
132,044

 
 
 
 
Fair Value of Assets Acquired
 
 
 
   Cash and cash equivalents
24,420

 
 
   Investment securities
88,986

 
 
   FHLB stock
3,250

 
 
   Loans
383,083

 
 
   Premises and other equipment
12,113

 
 
   Core deposit intangible
5,998

 
 
   Other real estate
68

 
 
   Bank owned life insurance
20,522

 
 
   Other assets
16,305

 
 
     Total assets acquired
554,745

 
 
 
 
 
 
Fair Value of Liabilities Assumed
 
 
 
   Deposits
484,366

 
 
   Capital lease obligation
7,851

 
 
   Other liabilities
1,182

 
 
      Total liabilities assumed
493,399

 
 
 
 
 
 
Total Fair Value of Identifiable Net Assets
 
 
61,346

 
 
 
 
Goodwill
 
 
$
70,698