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v3.20.2

Acquisitions - The Banc Ed Corp. (Details) $ / shares in Units, $ in Thousands, shares in Millions |  |  | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | ---
Aug. 21, 2019 $ / shares | Jan. 31, 2019 USD ($) $ / shares shares | Sep. 30, 2020 USD ($) | Sep. 30, 2019 USD ($) $ / shares | Sep. 30, 2020 USD ($) | Sep. 30, 2019 USD ($) $ / shares | Dec. 31, 2019 USD ($)
Consideration paid |  |  |  |  |  |  |
Goodwill |  |  | $ 311,536 |  | $ 311,536 |  | $ 311,536
Non-interest expense |  |  |  |  |  |  |
Merger agreement |  |  |  |  |  |  |
Business acquisition expenses |  |  | 200 |  | 200 |  |
Banc Ed |  |  |  |  |  |  |
Merger agreement |  |  |  |  |  |  |
Share consideration conversion ratio | 8.2067 |  |  |  |  |  |
Per share cash consideration entitled (in dollars per share) | $ / shares | $ 111.53 |  |  |  |  |  |
Number of common shares issued for acquisition | shares |  | 6.7 |  |  |  |  |
Market value of common stock issued |  | $ 166,500 |  |  |  |  |
Share price | $ / shares |  | $ 24.76 |  |  |  |  |
Goodwill acquired |  | $ 41,400 |  |  |  |  |
Business acquisition expenses |  |  |  | $ 6,500 |  | $ 11,500 |
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 |  |  |  |  |
Banc Ed | Pro Forma |  |  |  |  |  |  |
Consideration paid |  |  |  |  |  |  |
Total revenues (net interest income plus non-interest income) |  |  |  | 104,543 |  | 305,709 |
Net income |  |  |  | $ 30,811 |  | $ 84,742 |
Diluted earnings per common share (in dollars per share) | $ / shares |  |  |  | $ 0.55 |  | $ 1.51 |
IST | Non-interest expense |  |  |  |  |  |  |
Merger agreement |  |  |  |  |  |  |
Business acquisition expenses |  |  | $ 100 | $ 500 | $ 400 | $ 700 |

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