BUSINESS COMBINATIONS BUSINESS COMBINATIONS (Tables)

3 Months Ended

Mar. 31, 2015

As a result, actual amounts would have differed from the unaudited pro forma information presented. (in thousands except per share).



	Pro Forma
	Three Months Ended March 31,
	2015		2014
Total revenues (net interest income plus non-interest income	$	63,164	$	55,829
Net income	$	12,518	$	11,413
Earnings per share - basic	$	0.59	$	0.55
Earnings per share - diluted	$	0.59	$	0.55

Schedule of Acquisition-Related Costs

The following table presents the key components of acquisition related costs in connection with the Branch Acquisition, the acquisition of Siuslaw, and the proposed acquisition of AmericanWest for the three months ended March 31, 2015 and 2014 (in thousands):



	Three Months Ended March 31
	2015		2014
Acquisition-related costs recognized in other operating expenses:
Non-capitalized equipment and repairs	$	24	$	—
Client communications	66		2
Information/computer data services	40		—
Payment and processing expenses	—		—
Professional services	1,280		32
Miscellaneous	238		11
	$	1,648	$	45

Siuslaw Financial Group, Inc [Member]

Business Acquisition [Line Items]

Schedule of Components of Business Acquisition

The following table presents a summary of the consideration paid and the estimated fair values as of the acquisition date for each major class of assets acquired and liabilities assumed (in thousands):



	Siuslaw
	March 6, 2015
Consideration to Siuslaw shareholders:
Cash paid			$	5,806
Fair value of common shares issued			58,100
Total consideration			63,906
Fair value of assets acquired:
Cash and cash equivalents	$	84,405
Securities—available-for-sale	12,865
Loans receivable (contractual amount of $252.2 million)	247,098
Real estate owned, held for sale	2,525
Property and equipment	8,127
Core deposit intangible	3,895
Other assets	11,391
Total assets acquired	370,306
Fair value of liabilities assumed:
Deposits	316,406
Junior subordinated debentures	5,959
Other liabilities	5,183
Total liabilities assumed	327,548
Net assets acquired			42,758
Goodwill			$	21,148

Schedule of Purchased Impaired Loans

The following table presents the acquired purchased credit-impaired loans as of the acquisition date (in thousands):



	Siuslaw
	March 6, 2015
Acquired purchased credit-impaired loans:
Contractually required principal and interest payments	$	11,134
Nonaccretable difference	(3,238		)
Cash flows expected to be collected	7,896
Accretable yield	(2,239		)
Fair value of purchased credit-impaired loans	$	5,657

Six Oregon Branches [Member]

Business Acquisition [Line Items]

Schedule of Components of Business Acquisition

The following table displays the fair value as of the acquisition date for each major class of assets acquired and liabilities assumed (in thousands):



	Branch Acquisition
	June 20, 2014
Total consideration			$	—
Fair value of assets acquired:
Cash and cash equivalents	$	127,557
Loans receivable (contractual amount of $88.3 million)	87,923
Property and equipment	3,079
Core deposit intangible	2,372
Other assets	275
Total assets acquired	221,206

Fair value of liabilities assumed:
Deposits	212,085
Other liabilities	42
Total liabilities assumed	212,127
Net assets acquired			$	9,079
Acquisition bargain purchase gain			$	(9,079	)