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BUSINESS COMBINATIONS (Tables) | 3 Months Ended
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Mar. 31, 2015
Business Combinations [Abstract] |
Summary of Acquired Assets and Assumed Liabilities Along with Summary of Acquisition Consideration as of Dates of Acquisition | The following table presents a summary of acquired assets and assumed liabilities along with a summary of the acquisition consideration as of the dates of acquisition:
| Acquisition and Date Acquired
| Banco Popular Branches |  | Renovation Ready
| November 8, 2014 |  | January 31, 2014
| (In thousands)
Assets acquired: |  |  |
Cash and due from banks | $ | 5,532 |  |  | $ | — |
Loans and leases receivable | 1,072,449 |  |  | — |
Premises, equipment, and capital leases | 9,002 |  |  | — |
Goodwill | — |  |  | 2,239 |
Other intangible assets | 15,777 |  |  | 761 |
Other assets | 2,301 |  |  | — |
Total assets acquired | $ | 1,105,061 |  |  | $ | 3,000 |
Liabilities assumed: |  |  |
Deposits | $ | 1,076,614 |  |  | $ | — |
Other liabilities | 506 |  |  | 1,000 |
Total liabilities assumed | 1,077,120 |  |  | 1,000 |
Total consideration paid | $ | 27,941 |  |  | $ | 2,000 |
Summary of consideration |  |  |
Cash paid | $ | 27,941 |  |  | $ | 1,000 |
Common stock issued | — |  |  | 1,000 |
Earn-out liabilities | — |  |  | 1,000 |
The following table summarizes the total consideration transferred as part of the BPNA Branch Acquisition as well as the fair value adjustments to the net assets acquired as of the acquisition date:
| November 8, 2014
| (In thousands)
Total Consideration |  |  | $ | 27,941 |
Net assets pre-acquisition |  |  | 24,027 |
Fair value adjustments |  |  |
Loans receivable | $ | (12,165 | ) |  |
Core deposit intangibles | 15,777 |  |  |
Certificates of deposit purchase premium | (916 | ) |  |
Premises and equipment | 1,218 |  |  |
Total fair value adjustments |  |  | 3,914 |
Fair value of net assets acquired |  |  | 27,941 |
Net fair value in excess of consideration |  |  | $ | — |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 + Details
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