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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2012
Acquisitions [Abstract]  
Schedule of Business Acquisition

 

 

 

 

May 31, 2012

Consideration:

 

 

 Cash

$

4,672 

 Common stock

 

7,723 

 

$

12,395 

 

 

 

Identifiable assets:

 

 

 Cash and cash equivalents

$

24,947 

 Investment securities

 

14,082 

 Loans

 

73,448 

 Premises and equipment

 

5,158 

 Other assets

 

8,931 

  Total identifiable assets

 

126,566 

 

 

 

Identifiable liabilities:

 

 

 Deposits

 

122,755 

 Other liabilities

 

698 

  Total identifiable liabilities

 

123,453 

 

 

 

Net identifiable assets

 

3,113 

Goodwill

 

8,009 

Core deposit intangible

 

1,273 

 

$

12,395 

 

Acquired Loans At Acquisition

 

 

 

 

May 31, 2012

 

 

 

Contractually required principal and interest

$

11,567 

Contractual cash flows not expected to be collected (non-accretable difference)

 

(3,973)

Expected cash flows

 

7,594 

Interest component of expected cash flows (accretable difference)

 

(954)

Estimated fair value of purchased credit impaired loans acquired

$

6,640 

 

 

 

Estimated fair value of performing loans acquired

 

66,808 

Estimated fair value of loans acquired

$

73,448 

 

Schedule Of Intangible Assets

 

 

 

 

Intangible Assets

Balance, January 1, 2012

$

1,274 

Core deposit intangible acquired in conjunction with the acquisition of VSB

 

1,273 

Amortization expense

 

(343)

Balance, September 30, 2012

$

2,204 

 

Schedule Of Goodwill

 

 

 

 

Goodwill

Balance, January 1, 2012

$

54,890 

Goodwill acquired in conjunction with the acquisition of VSB

 

8,009 

Balance, September 30, 2012

$

62,899