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Mergers and Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2015
Business Combinations [Abstract] |
Consideration transferred, identifiable net assets acquired and resulting goodwill | The following table discloses the calculation of the fair value of the consideration transferred, the total identifiable net assets acquired and the resulting goodwill arising from the CB acquisition:
(Dollars in thousands) | February 28, 2015
Fair value of consideration transferred |
Fair value of Company shares issued, net of equity issuance costs | $ | 10,776 |
Cash consideration for outstanding shares | 12,219 |
Contingent consideration | — |
Total fair value of consideration transferred | 22,995 |
Recognized amounts of identifiable assets acquired and liabilities assumed |
Identifiable assets acquired |
Cash and cash equivalents | 31,931 |
Investment securities | 42,350 |
Loans receivable | 84,689 |
Core deposit intangible | 2,087 |
Accrued income and other assets | 13,580 |
Total identifiable assets acquired | 174,637 |
Liabilities assumed |
Deposits | 146,820 |
FHLB advances and repurchase agreements | 3,292 |
Accrued expenses and other liabilities | 2,667 |
Total liabilities assumed | 152,779 |
Total identifiable net assets | 21,858 |
Goodwill recognized | $ | 1,137 |
Unaudited Pro Forma Summary of the Company as if the Acquisitions had Occurred at the Beginning of the Period | The following unaudited pro forma summary presents consolidated information of the Company as if the CB acquisition had occurred on January 1, 2014:
| Three Months ended |  | Six Months ended
(Dollars in thousands) | June 30, 2015 |  | June 30, 2014 |  | June 30, 2015 |  | June 30, 2014
Net interest income and non-interest income | $ | 97,050 |  |  | 91,956 |  |  | 191,004 |  |  | 180,734 |
Net income | 29,335 |  |  | 28,882 |  |  | 57,006 |  |  | 55,798 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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