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ACQUISITIONS (Tables) | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table provides a preliminary assessment of the consideration transferred, assets acquired, and liabilities assumed as of the date of the acquisition (dollars in thousands):
Purchase Price: |  |
Fair value of shares of the Company's common stock issued |  | $ | 499,974 |
Cash paid for fractional shares |  | 12 |
Total purchase price |  | $ | 499,986 |
Fair value of assets acquired: |  |
Cash and cash equivalents | $ | 46,164 |  |
Investments | 464,742 |  |
Loans | 2,175,525 |  |
Premises and equipment | 27,675 |  |
Core deposit intangibles | 40,860 |  |
Other assets | 103,082 |  |
Total assets | $ | 2,858,048 |  |
Fair value of liabilities assumed: |  |
Deposits | $ | 2,227,073 |  |
Short-term borrowings | 220,685 |  |
Long-term borrowings | 70,535 |  |
Other liabilities | 40,345 |  |
Total liabilities | $ | 2,558,638 |  |
Net assets acquired |  | $ | 299,410 |
Preliminary goodwill |  | $ | 200,576 |
Outstanding Principal Balance And Carrying Amount of Acquired Impaired Loans | The following table presents the acquired impaired loans receivable at the acquisition date (dollars in thousands):
Contractually required principal and interest payments | $ | 24,329 |
Nonaccretable difference | (4,003 | )
Cash flows expected to be collected | 20,326 |
Accretable difference | (2,432 | )
Fair value of loans acquired with a deterioration of credit quality | $ | 17,894 |
Business Acquisition, Pro Forma Information | The Company expects to achieve further operating cost savings and other business synergies, including branch closures, as a result of the acquisition which are not reflected in the pro forma amounts below (dollars in thousands):
| Pro forma for the three months ended
| March 31,
| 2019 |  | 2018
| (unaudited) |  | (unaudited)
Total revenues (1) | $ | 163,210 |  |  | $ | 156,414 |
Net income | $ | 52,336 |  |  | $ | 24,667 |
EPS | $ | 0.64 |  |  | $ | 0.30 |
(1) Includes net interest income and noninterest income.

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&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://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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