Merger and Acquisition Activity (Tables)

12 Months Ended

Dec. 31, 2014

Merger and Acquisition Activity [Abstract]

Schedule of acquisition

Fair value of assets acquired:
Cash and due from banks	$	17,741
Loans receivable, including accrued interest		21,365
Premises and equipment		1,368
Core deposit intangible		231
Goodwill		113
Total fair value of assets acquired	$	40,818
Fair value of liabilities assumed:
Non-interest bearing deposits	$	3,890
Interest-bearing deposits, including accrued interest		36,912
Other liabilities		16
Fair value of liabilities assumed	$	40,818

Schedule of business acquisitions purchase of marathon state bank

Cash purchase price	$	5,505
Fair value of assets acquired:
Cash and due from banks		20,392
Securities available for sale		50,547
Loans receivable		23,760
Short-term commercial paper and bankers’ acceptances		11,713
Foreclosed assets		0
Premises and equipment		402
Core deposit intangible		0
Accrued interest receivable and other assets		550
Total fair value of assets acquired		107,364
Fair value of liabilities assumed:
Non-interest-bearing deposits		23,255
Interest-bearing deposits		77,611
Accrued interest payable and other liabilities		142
Total fair value of liabilities assumed		101,008
Fair value of net assets acquired		6,356
Gain on bargain purchase	$	851

Schedule of Pro forma combined results of operations

	(pro forma combined at beginning of period)
	Net Interest		Noninterest		Net		Earnings
	Income		Income		Income		Per Share
PSB Holdings, Inc.	$	19,670	$	5,706	$	5,587	$	3.36
Marathon State Bank		1,158		880		468		0.28
Pro forma totals	$	20,828	$	6,586	$	6,055	$	3.64