Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

Schedule of Business Acquisition

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

	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		372,169		445,632
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		7,989		12,615
Total identifiable assets	126,445		437,818		564,263
Identifiable liabilities:
Deposits	122,723		383,070		505,793
Other liabilities	841		24,484		25,325
Total identifiable liabilities	123,564		407,554		531,118
Net identifiable assets	2,881		30,264		33,145
Goodwill	8,241		8,271		16,512
Core deposit intangible	1,273		2,711		3,984
	$	12,395	$	41,246	$	53,641

Acquired Loans At Acquisition

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

	Virginia
	Savings			Community			Total
Acquired Credit-Impaired
Contractually required principal and interest	$	11,567		$	55,983		$	67,550
Contractual cash flows not expected to be collected (non-accretable difference)	(3,973		)	(19,758		)	(23,731		)
Expected cash flows	7,594			36,225			43,819
Interest component of expected cash flows (accretable difference)	(954		)	(5,469		)	(6,423		)
Estimated fair value of purchased credit impaired loans acquired	$	6,640		$	30,756		$	37,396
Acquired NonCredit-Impaired
Outstanding balance	$	72,476		$	356,822		$	429,298
Less: fair value adjustment	(5,653		)	(15,409		)	(21,062		)
Fair value of acquired noncredit-impaired loans	$	66,823		$	341,413		$	408,236

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
Beginning balance	$	2,069
Core deposit intangible acquired in conjunction with the acquisition of Community	2,711
Amortization expense	(1,039		)
Ending balance	$	3,741

The following table summarizes core deposit intangibles, which are subject to amortization (in thousands):

	2013			2012
Gross carrying amount	$	8,387		$	5,677
Accumulated amortization	(4,646		)	(3,608		)
	$	3,741		$	2,069

Schedule Of Goodwill

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

	Goodwill
Beginning balance	$	62,988
Adjustments to goodwill acquired in conjunction with the acquisition of Virginia Savings	142
Goodwill acquired in conjunction with the acquisition of Community	8,271
Ending balance	$	71,401