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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2012
Bay Bank and Trust Company [Member] |
Business Acquisition [Line Items] |
Statement of assets purchased and liabilities assumed | The statement of assets purchased and liabilities assumed in the Bay Bank acquisition is presented below at their estimated fair values as of the acquisition date of March 16, 2012 ($ in thousands):
Assets: |  |  |
Cash and due from banks |  | $ | 88,154 |
Securities available for sale |  |  | 26,369 |
Acquired noncovered loans |  |  | 97,914 |
Premises and equipment, net |  |  | 9,466 |
Identifiable intangible assets |  |  | 7,017 |
Other real estate |  |  | 2,569 |
Other assets |  |  | 3,471 |
Total Assets |  |  | 234,960 |
Liabilities: |  |  |  |
Deposits |  |  | 208,796 |
Other liabilities |  |  | 526 |
Total Liabilities |  |  | 209,322 |
Net assets acquired at fair value |  |  | 25,638 |
Consideration paid to Bay Bank |  |  | 22,003 |
Bargain purchase gain |  |  | 3,635 |
Income taxes |  |  | - |
Bargain purchase gain, net of taxes |  | $ | 3,635 |
Heritage Banking Group Business Acquisition [Member] |
Business Acquisition [Line Items] |
Statement of assets purchased and liabilities assumed | The statement of assets purchased and liabilities assumed in the Heritage acquisition are presented below at their estimated fair values as of the acquisition date of April 15, 2011 ($ in thousands):
Assets: |  |  |
Cash and due from banks |  | $ | 50,447 |
Federal funds sold |  |  | 1,000 |
Securities available for sale |  |  | 6,389 |
Acquired noncovered loans |  |  | 9,644 |
Acquired covered loans |  |  | 97,770 |
Premises and equipment, net |  |  | 55 |
Identifiable intangible assets |  |  | 902 |
Covered other real estate |  |  | 7,485 |
FDIC indemnification asset |  |  | 33,333 |
Other assets |  |  | 218 |
Total Assets |  |  | 207,243 |
Liabilities: |  |  |  |
Deposits |  |  | 204,349 |
Short-term borrowings |  |  | 23,157 |
Other liabilities |  |  | 730 |
Total Liabilities |  |  | 228,236 |
Net assets acquired at fair value |  |  | (20,993 | )
Cash received on acquisition |  |  | 28,449 |
Bargain purchase gain |  |  | 7,456 |
Income taxes |  |  | 2,852 |
Bargain purchase gain, net of taxes |  | $ | 4,604 |

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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 Statement of Financial Accounting Standard (FAS) -Number 141R -Appendix F -Paragraph F4 -Subparagraph e Reference 2: 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=6909870&loc=d3e1392-128463 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: 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=6909870&loc=d3e1486-128463 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 52 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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