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ACQUISITION OF WASHINGTONFIRST BANKSHARES INC (Tables)
6 Months Ended
Jun. 30, 2018
Acqusition of WashingtonFirst Bankshares Inc. [Abstract]  
Provisional fair values of acquired identifiable assets and liabilities assumed
(In thousands)January 1, 2018
Purchase Price:
Fair value of common shares issued (11,446,197 shares) based on Sandy Spring's share price of $39.02$446,640
Cash for fractional shares10
Total purchase price$446,650
Identifiable assets:
Cash and cash equivalents$32,497
Residential mortgage loans held for sale25,789
Investment securities302,321
Loans1,680,278
Premises and equipment4,602
Other Real Estate Owned497
Accrued Interest Receivable6,648
Other Intangible assets11,370
Other Assets33,764
Total identifiable assets$2,097,766
Identifiable liabilities:
Deposits$1,610,327
Borrowings283,808
Other Liabilities17,525
Total identifiable liabilities$1,911,660
Provisional fair value of net assets acquired including identifiable intangible assets186,106
Provisional resulting goodwill$260,544