Business Combinations (Tables)

12 Months Ended

Dec. 31, 2013

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

	August 1, 2012
	(Dollars 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

Schedule Of Operating Results Attributable To Business Combinations

The following table presents actual operating results attributable to Saddle River since the August 1, 2012 assumption date through December 31, 2012. This information does not include purchase accounting adjustments or acquisition integration costs.

(Dollars in thousands)
Net interest income	$	1,352
Non-interest income		15
Non-interest expense and income taxes		(763)
Net income	$	604

Business Combinations In Accordance With FASB ASC 310-30

The following table details the loans that are accounted for in accordance with FASB ASC 310-30 as of August 1, 2012:

(Dollars in thousands)
Contractually required principal and interest at acquisition	$	2,101
Contractual cash flows not expected to be collected (nonaccretable difference)		(982)
Expected cash flows at acquisition		1,119
Interest component of expected cash flows (accretable discount)		(161)
Fair value of acquired loans accounted for under FASB ASC 310-30	$	958

Schedule Of Changes In Accretable Discount Related To Purchased-Credit-Impaired Loans

The following table presents the changes in accretable discount related to purchased-credit-impaired loans:

	December 31,
	2013		2012
	(in thousands)
Accretable discount balance, beginning of period	$	130	$	—
Additions resulting from acquisition		—		161
Accretion to interest income		(130)		(31)
Accretable discount, end of period	$	—	$	130

Schedule Of Accountable Loans For Business Combinations Not In Accordance With FASB ASC 310-30

The following table details loans that are not accounted for in accordance with FASB ASC 310-30 as of August 1, 2012:

(Dollars in thousands)
Contractually required principal and interest at acquisition	$	50,917
Contractual cash flows not expected to be collected (credit mark)		(807)
Expected cash flows at acquisition		50,110
Interest rate premium mark		1,313
Fair value of acquired loans not accounted for under FASB ASC 310-30	$	51,423