BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2016

CNB

Business Acquisition [Line Items]

Schedule of recognized identified assets acquired and liabilities assumed

			Measurement
	As Initially		Period
(In thousands)	Reported		Adjustments(1)			As Adjusted
Cash and due from banks	$	24,628	$	-		$	24,628
Securities		90,109		-			90,109
Loans		736,348		(6,935	)		729,413
Bank owned life insurance		21,445		-			21,445
Premises and equipment		6,398		(5,122	)		1,276
Other intangible assets		6,698		-			6,698
Other assets		14,484		7,245			21,729
Total assets acquired	$	900,110	$	(4,812	)	$	895,298
Deposits	$	786,853	$	-		$	786,853
Federal Home Loan Bank term advances		35,581		-			35,581
Other liabilities and accrued expenses		5,647		6,214			11,861
Total liabilities assumed	$	828,081	$	6,214		$	834,295
Net assets acquired		72,029		(11,026	)		61,003
Consideration paid		157,503		-			157,503
Goodwill recorded on acquisition	$	85,474	$	11,026		$	96,500

(1) Explanation of measurement period adjustments:

Loans – represents adjustments to the initial fair values related to certain purchased credit impaired loans based on the finalization of the initial provisional analyses.

Premises and equipment – represents write down to estimated fair value based on the final valuation performed on leasehold improvements.

Other assets – represents adjustments to the net deferred tax asset resulting from the adjustments to the initial fair values related to acquired assets and liabilities assumed.

Other liabilities and accrued expenses – represents adjustments to the initial fair values reported to adjust other liabilities to estimated fair value and record certain liabilities directly related to the CNB acquisition.