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BUSINESS COMBINATIONS (Tables)
12 Months Ended
Dec. 31, 2014
BUSINESS COMBINATIONS  
Summary of preliminary fair value of the assets acquired and liabilities assumed

 

(In thousands)

 

As Initially
Reported

 

 

Measurement Period
Adjustments

 

 

As Adjusted

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

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

 

 

2,324

 

 

89,714

 

Premises and equipment

 

1,787

 

 

 

 

1,787

 

Core deposit intangible

 

1,930

 

 

(979

)

 

951

 

Other assets

 

12,682

 

 

696

 

 

13,378

 

Total Assets Acquired

 

$

209,908

 

 

$

2,041

 

 

$

211,949

 

 

 

 

 

 

 

 

 

 

 

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

 

 

795

 

 

2,620

 

Total Liabilities Assumed

 

$

212,430

 

 

$

795

 

 

$

213,225

 

 

 

 

 

 

 

 

 

 

 

Net Assets Acquired/(Liabilities Assumed)

 

(2,522

)

 

1,246

 

 

(1,276

)

Consideration Paid

 

6,140

 

 

 

 

6,140

 

Goodwill Recorded on Acquisition

 

$

8,662

 

 

$

(1,246

)

 

$

7,416