Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Schedule of Business Acquisition

The purchase price of both acquisitions has been allocated as follows (in thousands):

			(preliminary)
	Virginia Savings		Community		Total
Date of acquisition	May 31, 2012		January 10, 2013
Consideration:
Cash	$	4,672	$	12,738	$	17,410
Common stock	7,723		27,783		35,506
Warrant issued	—		725		725
	$	12,395	$	41,246	$	53,641
Identifiable assets:
Cash and cash equivalents	$	24,943	$	8,888	$	33,831
Investment securities	14,082		17,659		31,741
Loans	73,463		370,754		444,217
Bank owned life insurance	—		6,935		6,935
Premises and equipment	5,158		8,950		14,108
Deferred tax asset, net	4,173		15,228		19,401
Other assets	4,626		7,988		12,614
Total identifiable assets	126,445		436,402		562,847
Identifiable liabilities:
Deposits	122,723		383,070		505,793
Other liabilities	841		24,086		24,927
Total identifiable liabilities	123,564		407,156		530,720
Net identifiable asset	2,881		29,246		32,127
Goodwill	8,241		9,289		17,530
Core deposit intangible	1,273		2,711		3,984
	$	12,395	$	41,246	$	53,641

Acquired Loans At Acquisition

The following table presents the purchased credit-impaired loans acquired in conjunction with both acquisitions (in thousands):

	Virginia
	Savings			Community			Total
Contractually required principal and interest	$	11,567		$	58,014		$	69,581
Contractual cash flows not expected to be collected (non-accretable difference)	(3,973		)	(20,724		)	(24,697		)
Expected cash flows	7,594			37,290			44,884
Interest component of expected cash flows (accretable difference)	(954		)	(5,587		)	(6,541		)
Estimated fair value of purchased credit impaired loans acquired	$	6,640		$	31,703		$	38,343

Schedule Of Intangible Assets

The following table presents a rollforward of the Company’s intangible assets from the beginning of the year (in thousands):

	Intangible Assets
Balance, beginning of period	$	2,069
Core deposit intangible acquired in conjunction with the acquisition of Community	2,711
Amortization expense	(779		)
Balance, end of period	$	4,001

Schedule Of Goodwill

 The following table presents a rollforward of goodwill from the beginning of the year (in thousands):

	Goodwill
Balance, beginning of period	$	62,988
Adjustment to goodwill acquired in conjunction with the acquisition of Virginia Savings	142
Goodwill acquired in conjunction with the acquisition of Community	9,289
Balance, end of period	$	72,419