XML 49 R33.htm IDEA: XBRL DOCUMENT

Note 2 - Acquisitions (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

(In thousands)		Acquired from Hardeman				Fair Value Adjustments				Fair Value

Assets Acquired
Cash and due from banks		$	8,001			$	--			$	8,001
Interest bearing balances due from banks - time			1,984				--				1,984
Investment securities			170,654				(316	)			170,338
Loans acquired			257,641				(5,992	)			251,649
Allowance for loan losses			(2,382	)			2,382				--
Foreclosed assets			1,083				(452	)			631
Premises and equipment			9,905				1,258				11,163
Bank owned life insurance			7,819				--				7,819
Goodwill			11,485				(11,485	)			--
Core deposit intangible			--				7,840				7,840
Other intangibles			--				830				830
Other assets			2,639				(1	)			2,638
Total assets acquired		$	468,829			$	(5,936	)		$	462,893

Liabilities Assumed
Deposits:
Non-interest bearing transaction accounts		$	76,555			$	--			$	76,555
Interest bearing transaction accounts and savings deposits			214,872				--				214,872
Time deposits			97,917				(368	)			97,549
Total deposits			389,344				(368	)			388,976
Securities sold under agreement to repurchase			17,163				--				17,163
Other borrowings			3,000				--				3,000
Subordinated debentures			6,702				--				6,702
Accrued interest and other liabilities			1,891				1,924				3,815
Total liabilities assumed			418,100				1,556				419,656
Equity			50,729				(50,729	)			--
Total equity assumed			50,729				(50,729	)			--
Total liabilities and equity assumed		$	468,829			$	(49,173	)		$	419,656
Net assets acquired											43,237
Purchase price											72,639
Goodwill										$	29,402

(In thousands)		Acquired from Citizens				Fair Value Adjustments				Fair Value

Assets Acquired
Cash and due from banks		$	131,467			$	(351	)		$	131,116
Federal funds sold			10,000				--				10,000
Investment securities			61,987				1				61,988
Loans acquired			350,361				(9,511	)			340,850
Allowance for loan losses			(4,313	)			4,313				--
Foreclosed assets			4,960				(1,518	)			3,442
Premises and equipment			6,746				1,339				8,085
Bank owned life insurance			6,632				--				6,632
Core deposit intangible			--				5,075				5,075
Other intangibles			--				591				591
Other assets			17,364				6				17,370
Total assets acquired		$	585,204			$	(55	)		$	585,149

Liabilities Assumed
Deposits:
Non-interest bearing transaction accounts		$	109,281			$	--			$	109,281
Interest bearing transaction accounts and savings deposits			204,912				--				204,912
Time deposits			195,664				--				195,664
Total deposits			509,857				--				509,857
Securities sold under agreement to repurchase			13,233				--				13,233
FHLB borrowings			4,000				47				4,047
Accrued interest and other liabilities			3,558				1,530				5,088
Total liabilities assumed			530,648				1,577				532,225
Equity			54,556				(54,556	)			--
Total equity assumed			54,556				(54,556	)			--
Total liabilities and equity assumed		$	585,204			$	(52,979	)		$	532,225
Net assets acquired											52,924
Purchase price											76,300
Goodwill										$	23,376