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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of Assets Acquired and Liabilities Assumed | The following table provides the purchase price as of the acquisition date and the identifiable assets acquired and liabilities assumed at their estimated fair values.
(Dollars in thousands) |  | As recorded by FCB
Purchase price |  |  |  | $ | 37,486 |
Assets |  |  |  |
Cash and due from banks |  | $ | 4,633 |  |  |
Overnight investments |  | 3,188 |  |  |
Investment securities |  | 23,512 |  |  |
Loans |  | 179,243 |  |  |
Premises and equipment |  | 4,944 |  |  |
Other real estate owned |  | 1,567 |  |  |
Income earned not collected |  | 604 |  |  |
Intangible assets |  | 2,268 |  |  |
Other assets |  | 19,192 |  |  |
Total assets acquired |  | 239,151 |  |  |
Liabilities |  |  |  |
Deposits |  | 207,556 |  |  |
Borrowings |  | 5,155 |  |  |
Other liabilities |  | 2,850 |  |  |
Total liabilities assumed |  | $ | 215,561 |  |  |
Fair value of net assets acquired |  |  |  | 23,590 |
Goodwill recorded for First South Bancorp |  |  |  | $ | 13,896 |
The following table provides the purchase price as of the acquisition date and the identifiable assets acquired and liabilities assumed at their estimated fair values.
(Dollars in thousands) |  | As recorded by FCB
Purchase price |  |  |  | $ | 222,750 |
Assets |  |  |  |
Cash and due from banks |  | $ | 59,815 |  |  |
Overnight investments |  | 242,770 |  |  |
Investment securities |  | 227,834 |  |  |
Loans |  | 1,031,186 |  |  |
Premises and equipment |  | 24,458 |  |  |
Other real estate owned |  | 1,846 |  |  |
Income earned not collected |  | 5,447 |  |  |
Intangible assets |  | 6,899 |  |  |
Other assets |  | 81,069 |  |  |
Total assets acquired |  | 1,681,324 |  |  |
Liabilities |  |  |  |
Deposits |  | 1,326,967 |  |  |
Borrowings |  | 169,433 |  |  |
Other liabilities |  | 14,808 |  |  |
Total liabilities assumed |  | $ | 1,511,208 |  |  |
Fair value of net assets acquired |  |  |  | 170,116 |
Goodwill recorded for Entegra |  |  |  | $ | 52,634 |
The following table provides the purchase price as of the acquisition date and the identifiable assets acquired and liabilities assumed at their estimated fair values:
(Dollars in thousands) | As recorded by FCB
Purchase price |  |  | $ | 118,949 |
Assets |  |  |
Cash and due from banks | $ | 78,010 |  |  |
Overnight investments | 306 |  |  |
Investment securities held to maturity | 34,539 |  |  |
Loans | 863,384 |  |  |
Premises and equipment | 1,533 |  |  |
Other real estate owned | 2,046 |  |  |
Income earned not collected | 3,049 |  |  |
Intangible assets | 4,745 |  |  |
Other assets | 41,572 |  |  |
Total assets acquired | 1,029,184 |  |  |
Liabilities |  |  |
Deposits | 786,512 |  |  |
Borrowings | 157,415 |  |  |
Accrued interest payable | — |  |  |
Other liabilities | 12,829 |  |  |
Total liabilities assumed | $ | 956,756 |  |  |
Fair value of net assets acquired |  |  | 72,428 |
Goodwill recorded for Biscayne Bancshares |  |  | $ | 46,521 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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