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BUSINESS COMBINATIONS (Tables) | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table provides the purchase price calculation as of the acquisition date, identifiable assets purchased and liabilities assumed at their estimated fair value for the MSFG merger. As a condition of the merger, certain acquired assets and liabilities held for sale were divested subsequent to the closing of the merger. There was no gain or loss recorded in the Consolidated Statement of Income in conjunction with this divestiture.
(Dollars in thousands) |  | MainSource
Purchase consideration |  |
Cash consideration |  | $ | 43 |
Stock consideration |  | 1,043,424 |
Warrant consideration |  | 14,460 |
Options consideration |  | 1,577 |
Total purchase consideration |  | 1,059,504 |
Assets acquired |  |
Cash |  | 71,806 |
Investment securities available-for-sale |  | 900,935 |
Investment securities held-to-maturity |  | 171,423 |
Other investments |  | 28,763 |
Loans |  | 2,792,572 |
Premises and equipment |  | 98,814 |
Intangible assets |  | 42,887 |
Other assets |  | 167,829 |
Assets held for sale |  | 127,775 |
Total assets acquired |  | 4,402,804 |
Liabilities assumed |  |
Deposits |  | 3,263,920 |
Subordinated notes |  | 49,027 |
FHLB advances |  | 291,887 |
Other borrowings |  | 205,620 |
Other liabilities |  | 32,649 |
Liabilities held for sale |  | 175,840 |
Total liabilities assumed |  | 4,018,943 |
Net identifiable assets |  | 383,861 |
Goodwill |  | $ | 675,643 |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments |
|  | Twelve months ended
|  | December 31,
(Dollars in thousands, except per share data) (Unaudited) |  | 2018 |  | 2017
Pro Forma Condensed Combined Income Statement Information
Net interest income |  | $ | 484,915 |  |  | $ | 454,579 |
Net income |  | $ | 221,122 |  |  | $ | 130,402 |
Basic earnings per share |  | $ | 2.27 |  |  | $ | 1.34 |
Diluted earnings per share |  | $ | 2.25 |  |  | $ | 1.33 |

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- Definition Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(4) -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=121647850&loc=d3e4845-128472 + Details
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