ACQUISITIONS (Tables)

12 Months Ended

Mar. 31, 2017

ACQUISITIONS [Abstract]

Acquisition Date Fair Value of the Purchase Consideration

The acquisition date fair value of the purchase consideration was $6.5 million, which included the following (in thousands):

Cash	$	3,196
Installment payment obligations(1)		2,336
Settlement of preexisting business relationship at fair value		931
Total	$	6,463

(1) The installment payment obligation is denominated in British pounds (“GBP”) and the amount in the table above is based on the GBP to U.S. dollar exchange rate at the acquisition date.

Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the acquisition date fair value of net tangible assets acquired and liabilities assumed from QCR and Trio (in thousands):

	Fair Value
Net tangible assets acquired	$	5,248
Intangible assets:
Customer relationships		1,535
Tradename		16
Deferred tax liabilities		(336	)
Total	$	6,463