XML 83 R35.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Business Combinations [Abstract] |
Schedule of Business Acquisition | The purchase price of both acquisitions has been allocated as follows (in thousands):
| Virginia Savings | Community | Total
Date of acquisition | May 31, 2012 | January 10, 2013 |
Consideration: |  |  |
Cash | $ | 4,672 |  | $ | 12,738 |  | $ | 17,410 |
Common stock | 7,723 |  | 27,783 |  | 35,506 |
Warrant issued | — |  | 725 |  | 725 |
| $ | 12,395 |  | $ | 41,246 |  | $ | 53,641 |
Identifiable assets: |  |  |
Cash and cash equivalents | $ | 24,943 |  | $ | 8,888 |  | $ | 33,831 |
Investment securities | 14,082 |  | 17,659 |  | 31,741 |
Loans | 73,463 |  | 372,169 |  | 445,632 |
Bank owned life insurance | — |  | 6,935 |  | 6,935 |
Premises and equipment | 5,158 |  | 8,950 |  | 14,108 |
Deferred tax asset, net | 4,173 |  | 15,228 |  | 19,401 |
Other assets | 4,626 |  | 7,989 |  | 12,615 |
Total identifiable assets | 126,445 |  | 437,818 |  | 564,263 |
Identifiable liabilities: |  |  |
Deposits | 122,723 |  | 383,070 |  | 505,793 |
Other liabilities | 841 |  | 24,484 |  | 25,325 |
Total identifiable liabilities | 123,564 |  | 407,554 |  | 531,118 |
Net identifiable assets | 2,881 |  | 30,264 |  | 33,145 |
Goodwill | 8,241 |  | 8,271 |  | 16,512 |
Core deposit intangible | 1,273 |  | 2,711 |  | 3,984 |
| $ | 12,395 |  | $ | 41,246 |  | $ | 53,641 |
Acquired Loans At Acquisition | The following table presents information regarding the purchased credit-impaired and noncredit-impaired loans acquired in conjunction with both acquisitions (in thousands):
| Virginia |  |
| Savings | Community | Total
Acquired Credit-Impaired |  |  |
Contractually required principal and interest | $ | 11,567 |  | $ | 55,983 |  | $ | 67,550 |
Contractual cash flows not expected to be collected (non-accretable difference) | (3,973 | ) | (19,758 | ) | (23,731 | )
Expected cash flows | 7,594 |  | 36,225 |  | 43,819 |
Interest component of expected cash flows (accretable difference) | (954 | ) | (5,469 | ) | (6,423 | )
Estimated fair value of purchased credit impaired loans acquired | $ | 6,640 |  | $ | 30,756 |  | $ | 37,396 |
Acquired NonCredit-Impaired |  |  |
Outstanding balance | $ | 72,476 |  | $ | 356,822 |  | $ | 429,298 |
Less: fair value adjustment | (5,653 | ) | (15,409 | ) | (21,062 | )
Fair value of acquired noncredit-impaired loans | $ | 66,823 |  | $ | 341,413 |  | $ | 408,236 |
Schedule Of Intangible Assets | The following table presents a rollforward of the Company’s intangible assets from the beginning of the year (in thousands):
| Intangible Assets
Beginning balance | $ | 2,069 |
Core deposit intangible acquired in conjunction with the acquisition of Community | 2,711 |
Amortization expense | (1,039 | )
Ending balance | $ | 3,741 |
The following table summarizes core deposit intangibles, which are subject to amortization (in thousands):
| 2013 | 2012
Gross carrying amount | $ | 8,387 |  | $ | 5,677 |
Accumulated amortization | (4,646 | ) | (3,608 | )
| $ | 3,741 |  | $ | 2,069 |
Schedule Of Goodwill | The following table presents a rollforward of goodwill from the beginning of the year (in thousands):
| Goodwill
Beginning balance | $ | 62,988 |
Adjustments to goodwill acquired in conjunction with the acquisition of Virginia Savings | 142 |
Goodwill acquired in conjunction with the acquisition of Community | 8,271 |
Ending balance | $ | 71,401 |

X
- Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of contractual cash flows to the carrying amount relating to certain loans acquired in a transfer. + References No definition available. + Details
Name: | us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: 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=25497992&loc=d3e1486-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration