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Subsequent Events (Tables)
12 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
Schedule of Proforma Information

First Citizens Banc Corp and TCNB Financial Corp

Pro Forma Selected Balance Sheet Items (unaudited)

 

     2014      2013  

ASSETS

     

Cash and due from financial institutions

   $ 22,898       $ 27,481   

Securities available for sale

     205,819         208,082   

Loans, net of allowance

     978,802         921,597   

Premises and equipment, net

     16,285         18,317   

LIABILITIES

     

Total deposits

     1,059,286         1,032,755   

Federal Home Loan Bank advances

     62,589         37,726   

Securities sold under agreements to repurchase

     21,613         20,053   

Subordinated debentures

     29,427         29,427   

SHAREHOLDERS’ EQUITY

     

Total shareholders’ equity

     114,548         126,294   

 

First Citizens Banc Corp and TCNB Financial Corp

Pro Forma Condensed Income Statement (unaudited)

 

     2014      2013  

Total interest and dividend income

     50,597         49,668   

Total interest expense

     4,440         5,280   
  

 

 

    

 

 

 

Net interest income

  46,157      44,388   

Provision for loan losses

  1,535      1,180   
  

 

 

    

 

 

 

Net interest income after provision for loan losses

  44,622      43,208   

Total noninterest income

  14,316      12,506   

Total noninterest expense

  45,220      46,833   
  

 

 

    

 

 

 

Income before income taxes

  13,718      8,881   

Income taxes

  3,483      1,710   
  

 

 

    

 

 

 

Net income

  10,235      7,171   

Preferred stock dividends and discount accretion

  1,873      1,159   
  

 

 

    

 

 

 

Net income available to common shareholders

$ 8,362    $ 6,012   

Earnings per common share, basic

$ 1.08    $ 0.78   

Earnings per common share, diluted

$ 0.91    $ 0.77