Business Combination (Tables)

6 Months Ended

Jun. 30, 2016

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	10,219
Other Real Estate	882
Intangible Assets	2,613
Company Owned Life Insurance	12,842
Accrued Interest Receivable and Other Assets	8,958
Deposits - Non Interest Bearing	(9,584		)
Deposits - Interest Bearing	(395,862		)
FHLB Advances and Other Borrowings	(49,910		)
Accrued Interest Payable and Other Liabilities	(4,530		)

Total Identifiable Net Assets	$	54,257

Goodwill	$	33,135

Pro forma 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 Three Months Ended 6/30/2016		Pro Forma Three Months Ended 6/30/2015

Net Interest Income	$	24,671	$	24,609
Non-interest Income	8,055		7,322
Total Revenue	32,726		31,931
Provision for Loan Losses Expense	350		250
Non-interest Expense	18,094		17,920
Income Before Income Taxes	14,282		13,761
Income Tax Expense	4,330		3,873
Net Income	9,952		9,888
Earnings Per Share and Diluted Earnings Per Share	$	0.65	$	0.65



	Pro Forma Six Months Ended 6/30/2016		Pro Forma Six Months Ended 6/30/2015

Net Interest Income	$	48,347	$	48,148
Non-interest Income	15,914		15,588
Total Revenue	64,261		63,736
Provision for Loan Losses Expense	1,200		500
Non-interest Expense	36,412		36,522
Income Before Income Taxes	26,649		26,714
Income Tax Expense	8,081		7,672
Net Income	18,568		19,042
Earnings Per Share and Diluted Earnings Per Share	$	1.22	$	1.25