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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Business Acquisition [Line Items]  
Schedule of Business Acquisition

 

 

 

 

May 31, 2012

Consideration:

 

 

 Cash

$

4,672 

 Common stock

 

7,723 

 

$

12,395 

 

 

 

Identifiable assets:

 

 

 Cash and cash equivalents

$

24,943 

 Investment securities

 

14,082 

 Loans

 

73,463 

 Premises and equipment

 

5,158 

 Other assets

 

8,799 

  Total identifiable assets

 

126,445 

 

 

 

Identifiable liabilities:

 

 

 Deposits

 

122,723 

 Other liabilities

 

698 

  Total identifiable liabilities

 

123,421 

 

 

 

Net identifiable assets

 

3,024 

Goodwill

 

8,098 

Core deposit intangible

 

1,273 

 

$

12,395 

 

Acquired Loans At Acquisition

 

 

 

Contractual required principal and interest

$

10,758 

Nonaccretable difference

 

(1,917)

Expected cash flows

 

8,841 

Accretable yield

 

(1,823)

Carrying balance

$

7,018 

 

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

 

(478)

Balance, December 31, 2012

$

2,069 

 

Schedule Of Goodwill

 

 

 

 

Goodwill

Balance, January 1, 2012

$

54,890 

Goodwill acquired in conjunction with the acquisition of VSB

 

8,098 

Balance, December 31, 2012

$

62,988 

 

Virginia Savings Bank [Member]
 
Business Acquisition [Line Items]  
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 (contractual balance of $72.5 million)

 

66,823 

Estimated fair value of loans acquired

$

73,463