BUSINESS COMBINATIONS (Tables)

3 Months Ended

Mar. 31, 2015

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				$	—