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Business Combinations (Details) - Schedule of business combinations - USD ($)
$ in Thousands
Dec. 31, 2016
Jul. 01, 2014
Business Acquisition [Line Items]    
Cash and cash equivalents $ 70,318  
Investment securities 28,452  
Restricted investments 13,646  
Loans held-for-sale 190  
Loans 1,299,284  
Bank owned life insurance 15,481  
Premises and equipment, net 6,475  
Accrued interest receivable 4,470  
Core deposit intangible 5,308  
Other real estate owned 2,455  
Other assets 14,286  
Deposits (1,051,342)  
Borrowings (263,370)  
Other liabilities (10,527)  
Total identifiable net assets 135,126  
Goodwill recorded in the Merger 129,105 $ 129,105
Fair Value Adjustments [Member]    
Business Acquisition [Line Items]    
Cash and cash equivalents  
Investment securities [1] 16  
Restricted investments  
Loans held-for-sale  
Loans [2] (5,316)  
Bank owned life insurance  
Premises and equipment, net [3] (905)  
Accrued interest receivable  
Core deposit intangible [4] 5,308  
Other real estate owned  
Other assets [5] 3,650  
Deposits [6] (1,676)  
Borrowings [7] (1,324)  
Other liabilities  
Total identifiable net assets (247)  
Legacy Connect One [Member]    
Business Acquisition [Line Items]    
Cash and cash equivalents 70,318  
Investment securities 28,436  
Restricted investments 13,646  
Loans held-for-sale 190  
Loans 1,304,600  
Bank owned life insurance 15,481  
Premises and equipment, net 7,380  
Accrued interest receivable 4,470  
Core deposit intangible  
Other real estate owned 2,455  
Other assets 10,636  
Deposits (1,049,666)  
Borrowings (262,046)  
Other liabilities (10,527)  
Total identifiable net assets $ 135,373  
[1] Represents the fair value adjustment on investment securities held-to-maturity.
[2] Represents the elimination of Legacy ConnectOne's allowance for loan and lease losses, deferred fees, deferred costs and an adjustment of the amortized cost of loans to estimated fair value, which includes an interest rate mark and credit mark.
[3] Represent an adjustment to reflect the fair value of above-market rent on leased premises. The above-market rent adjustment will be amortized on a straight-line basis over the remaining term of the respective leases.
[4] Represents intangible assets recorded to reflect the fair value of core deposits. The core deposit asset was recorded as an identifiable intangible asset and will be amortized on an accelerated basis over the estimated average life of the deposit base.
[5] Consist primarily of adjustments in net deferred tax assets resulting from the fair value adjustments related to acquired assets, liabilities assumed and identifiable intangibles recorded.
[6] Represents fair value adjustment on time deposits as the weighted average interest rates of time deposits assumed exceeded the costs of similar funding available in the market at the time of the Merger, as well as the elimination of fees paid on brokered time deposits.
[7] Represents the fair value adjustment on FHLB borrowings as the weighted average interest rate of FHLB borrowings assumed exceeded the cost of similar funding available in the market at the time of the Merger.