Business Combinations, Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations, Goodwill and Intangible Assets [Abstract]

Schedule of Total Consideration Transferred and Fair Value of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the total consideration transferred as a part of the River Valley acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction.

Consideration
Cash for Options and Fractional Shares	$	395
Cash Consideration	24,975
Equity Instruments	62,022
Fair Value of Total Consideration Transferred	$	87,392
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Cash	$	17,877
Federal Funds Sold and Other Short-term Investments	6,477
Interest-bearing Time Deposits with Banks	992
Securities	132,396
Loans	317,760
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost	3,127
Premises, Furniture & Equipment	9,650
Other Real Estate	882
Intangible Assets	2,613
Company Owned Life Insurance	12,842
Accrued Interest Receivable and Other Assets	9,139
Deposits - Non-interest Bearing	(9,584		)
Deposits - Interest Bearing	(395,862		)
FHLB Advances and Other Borrowings	(49,910		)
Accrued Interest Payable and Other Liabilities	(4,529		)
Total Identifiable Net Assets	$	53,870
Goodwill	$	33,522

Shedule of Unaudited Pro Forma Financial Information

The unaudited pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected on the assumed date.

	Pro Forma Year Ended 12/31/2016		Pro Forma Year Ended 12/31/2015
Net Interest Income	$	97,796	$	96,269
Non-interest Income	32,655		32,042
Total Revenue	130,451		128,311
Provision for Loan Losses Expense	1,200		—
Non-interest Expense	74,231		76,415
Income Before Income Taxes	55,020		51,896
Income Tax Expense	16,089		14,029
Net Income	38,931		37,867
Earnings Per Share and Diluted Earnings Per Share	$	2.55	$	2.49

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the periods ended December 31, 2016, 2015, and 2014, were classified as follows:

	2016		2015		2014
Beginning of Year	$	20,536	$	20,536	$	20,536
Acquired Goodwill	33,522		—		—
Impairment	—		—		—
End of Year	$	54,058	$	20,536	$	20,536

Schedule of Acquired Intangible Assets

Acquired Intangible Assets

Acquired intangible assets were as follows as of year end:	2016
	Gross Amount		Accumulated Amortization
Core Banking
Core Deposit Intangible	$	11,617	$	8,782
Unidentified Branch Acquisition Intangible	257		257
Insurance
Customer List	5,199		5,199
Total	$	17,073	$	14,238

Acquired intangible assets were as follows as of year end:	2015
	Gross Amount		Accumulated Amortization
Core Banking
Core Deposit Intangible	$	9,004	$	7,748
Unidentified Branch Acquisition Intangible	257		257
Insurance
Customer List	5,199		5,171
Total	$	14,460	$	13,176

Schedule of Estimated Amortization Expense

Estimated amortization expense for each of the next five years is as follows:

2017	$	912
2018	723
2019	534
2020	353
2021	199