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BUSINESS COMBINATIONS (Tables)
6 Months Ended
Jun. 30, 2014
BUSINESS COMBINATIONS  
Summary of preliminary fair value of the assets acquired and liabilities assumed

 

 

 

 

 

 

Measurement

 

 

 

 

 

As Initially

 

Period

 

 

 

(In thousands)

 

Reported

 

Adjustments

 

As Adjusted

 

Cash and due from banks

 

$

1,883

 

$

 

$

1,883

 

Interest earning deposits with banks

 

1,044

 

 

1,044

 

Securities

 

103,192

 

 

103,192

 

Loans

 

87,390

 

(7

)

87,383

 

Premises and equipment

 

1,787

 

 

1,787

 

Core deposit intangible

 

1,930

 

 

1,930

 

Other assets

 

12,682

 

147

 

12,829

 

Total Assets Acquired

 

$

209,908

 

$

140

 

$

210,048

 

 

 

 

 

 

 

 

 

Deposits

 

$

169,873

 

$

 

$

169,873

 

Federal Home Loan Bank term advances

 

39,282

 

 

39,282

 

Unsecured debt

 

1,450

 

 

1,450

 

Other liabilities and accrued expenses

 

1,825

 

117

 

1,942

 

Total Liabilities Assumed

 

$

212,430

 

$

117

 

$

212,547

 

 

 

 

 

 

 

 

 

Net Assets Acquired /(Liabilities Assumed)

 

(2,522

)

23

 

(2,499

)

Consideration Paid

 

6,140

 

 

6,140

 

Goodwill Recorded on Acquisition

 

$

8,662

 

$

(23

)

$

8,639