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v3.20.2

Acquisitions (Tables) - Banc Ed | 9 Months Ended
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Sep. 30, 2020
Schedule of fair value estimates of assets acquired and liabilities assumed | The following table presents the estimated fair value of Banc Ed’s assets acquired and liabilities assumed as of January 31, 2019 (dollars in thousands):
​ | ​ | ​ | ​
​ | ​ | ​
​ | ​ | Fair Value
Assets acquired: | ​ |  | ​
Cash and cash equivalents | ​ | $ | 42,013
Securities | ​ |  | 692,716
Loans held for sale | ​ |  | 2,157
Portfolio loans | ​ |  | 873,336
Premises and equipment | ​ |  | 32,156
Other intangible assets | ​ | ​ | 32,617
Mortgage servicing rights | ​ |  | 6,946
Other assets | ​ |  | 57,332
Total assets acquired | ​ |  | 1,739,273
​ | ​ | ​ | ​
Liabilities assumed: | ​ | ​ | ​
Deposits | ​ |  | 1,439,203
Other borrowings | ​ |  | 63,439
Other liabilities | ​ |  | 20,153
Total liabilities assumed | ​ |  | 1,522,795
​ | ​ | ​ | ​
Net assets acquired | ​ | $ | 216,478
​ | ​ | ​ | ​
Consideration paid: | ​ | ​ | ​
Cash | ​ | $ | 91,400
Common stock | ​ |  | 166,515
Total consideration paid | ​ | $ | 257,915
​ | ​ | ​ | ​
Goodwill | ​ | $ | 41,437
Schedule of unaudited pro forma results of operations for the acquisition | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pro Forma
​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, 2019 | ​ | September 30, 2019
Total revenues (net interest income plus non-interest income) | $ | 104,543 | ​ | $ | 305,709
Net income |  | 30,811 | ​ | ​ | 84,742
Diluted earnings per common share |  | 0.55 | ​ | ​ | 1.51

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