Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed Table Text Block |
| | Book value prior to | | | | | | | As recorded by | | | purchase accounting | | Fair value | | Additional | Popular, Inc. on | (In thousands) | adjustments | | adjustments | | consideration[1] | February 27, 2015 | Assets: | | | | | | | | | | | Cash and due from banks | $ | 339,633 | | $ | - | | $ | - | $ | 339,633 | Investment in available-for-sale securities | | 172,706 | | | - | | | - | | 172,706 | Investments in FHLB stock | | 30,785 | | | - | | | - | | 30,785 | Loans | | 1,718,208 | | | (52,452) | | | - | | 1,665,756 | Accrued income receivable | | 7,808 | | | - | | | - | | 7,808 | Receivable from the FDIC | | - | | | - | | | 441,721 | | 441,721 | Core deposit intangible | | 23,572 | | | - | | | - | | 23,572 | Other assets | | 67,676 | | | 7,569 | | | - | | 75,245 | Total assets | $ | 2,360,388 | | $ | (44,883) | | $ | 441,721 | $ | 2,757,226 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Deposits | $ | 2,193,404 | | $ | 8,051 | | $ | - | $ | 2,201,455 | Advances from the Federal Home Loan Bank | | 542,000 | | | 5,187 | | | - | | 547,187 | Other liabilities | | 50,728 | | | (511) | | | - | | 50,217 | Total liabilities | $ | 2,786,132 | | $ | 12,727 | | $ | - | $ | 2,798,859 | Excess of liabilities assumed over assets acquired | $ | 425,744 | | | | | | | | | Aggregate fair value adjustments | | | | $ | (57,610) | | | | | | Additional consideration | | | | | | | $ | 441,721 | | | Goodwill on acquisition | | | | | | | | | $ | 41,633 | [1] The additional consideration represents the cash to be received from the FDIC for the difference between the net liabilities assumed and the net premium paid on the transaction. |
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