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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2012
Business Combinations [Abstract]  
Schedule of Business Combinations [Table Text Block]

 

The following table sets forth assets acquired and liabilities assumed at their estimated fair values, and resulting Bargain gain on acquisition, as of closing date of the transaction:

 

         

 

 

August 1, 2012

 

 

 

(in thousands)

 

Assets acquired:

 

 

 

 

Cash and cash equivalents

$

6,195

 

 

Investment securities available-for-sale

 

37,143

 

 

Loans

 

52,192

 

 

Premises and equipment, net

 

1,262

 

 

Accrued interest receivable

 

389

 

Total assets acquired

$

97,181

 

Liabilities assumed:

 

 

 

 

Deposits:

$

85,236

 

 

Other liabilities

 

795

 

Total liabilities assumed

$

86,031

 

 

Net assets acquired

 

11,150

 

 

 Cash consideration paid in acquisition

$

10,251

 

 

 Bargain gain on acquisition

$

899