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BUSINESS COMBINATIONS (Tables)

6 Months Ended

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

X

- 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

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X

- 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

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