Merger (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Estimated Future Amortization Expense

Estimated amortization expense for each of the next five years and thereafter is as follows:

	MSRs		Core deposit intangibles		Total
2019	$	88	$	945	$	1,033
2020		88		914		1,002
2021		87		891		978
2022		87		868		955
2023		86		841		927
Thereafter		1,228		3,229		4,457
	$	1,664	$	7,688	$	9,352

Schedule of Financial Information for Former Included in Consolidated Statement of Operations

The following table presents financial information for the former UCB included in the Consolidated Statements of Operations from the date of acquisition through December 31, 2018.

	Actual From Acquisition Date Through December 31, 2018 (in thousands)
Net interest income after provision for loan losses	$	3,227
Noninterest income		373
Net income		1,707

Business Acquisition, Unaudited Pro Forma Information

The following table presents unaudited pro forma information for the periods ended December 31, 2018, 2017 and 2016 as if the acquisition of UCB had occurred on January 1, 2016. This table has been prepared for comparative purposes only and is not indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results.

	Pro Formas (unaudited) Twelve months ended December 31,
	2018		2017		2016
Net interest income after provision for loan losses	$	74,642	$	70,100	$	65,878
Noninterest income		18,331		20,782		20,937
Net income		18,984		19,284		12,914
Pro forma earnings per share:
Basic	$	1.51	$	1.82	$	1.42
Diluted	$	1.37	$	1.56	$	1.18

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for UCB.  Core deposit intangibles will be amortized over a period of ten years using an accelerated method. Goodwill will not be amortized, but instead will be evaluated for impairment. Furthermore, the unaudited pro forma information does not reflect management’s estimate of any revenue-enhancing opportunities nor anticipated cost savings as a result of the integration and consolidation of the acquisition.  Merger and acquisition integration costs and amortization of fair value adjustments net of the related income tax effects are included in the amounts below.

Consideration paid				$	117,344
Net assets acquired:
Cash and due from financial institutions	$	156,472
Securities available for sale		43,214
Equity securities		212
Loans held for sale		492
Loans, net		298,319
Other securities		3,527
Premises and equipment		5,291
Accrued interest receivable		950
Core deposit intangible		7,518
Bank owned life insurance		17,193
Other assets		10,361
Noninterest-bearing deposits		(112,787	)
Interest-bearing deposits		(363,157	)
Other liabilities		(17	)
					67,588
Goodwill resulting from UCB merger				$	49,756

UCB [Member]

Schedule of Estimated Future Amortization Expense

As of December 31, 2018, the estimated future amortization expense for the core deposit intangible is as follows:

	Core deposit intangibles
2019	$	857
2020		842
2021		823
2022		800
2023		773
Thereafter		3,168
	$	7,263