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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Summary of Net Assets Acquired and Consideration Transferred | The table below summarizes the net assets acquired (at fair value) and consideration transferred in connection with the Garfield acquisition (dollars in thousands):
Consideration Paid |  |  |
Cash paid to shareholders | $ | 17,400 |  |  |
Shares issued to shareholders (2,745,098 shares) | 41,561 |  |  |
Total consideration paid |  |  | $ | 58,961 |
Fair Value of Assets Acquired |  |  |
Cash and cash equivalents | 18,105 |  |  |
FHLB Stock | 3,261 |  |  |
Loans | 184,506 |  |  |
Premises and other equipment | 409 |  |  |
Core deposit intangible | 1,248 |  |  |
Other assets | 1,747 |  |  |
Total assets acquired | 209,276 |  |  |
Fair Value of Liabilities Assumed |  |  |
Deposits | 141,281 |  |  |
Federal Home Loan Bank borrowings | 22,988 |  |  |
Other liabilities | 5,068 |  |  |
Total liabilities assumed | 169,337 |  |  |
Total Fair Value of Identifiable Net Assets |  |  | 39,939 |
Goodwill |  |  | $ | 19,022 |
The table below summarizes the net assets acquired (at fair value) and consideration transferred in connection with the DCB Financial acquisition (dollars in thousands):
Consideration Received |  |  |
Cash paid to shareholders | $ | 21,232 |  |  |
Shares issued to shareholders (8,356,882 shares) | 110,812 |  |  |
Total consideration paid |  |  | $ | 132,044 |
Fair Value of Assets Acquired |  |  |
Cash and cash equivalents | 24,420 |  |  |
Investment Securities | 88,986 |  |  |
FHLB Stock | 3,250 |  |  |
Loans | 383,083 |  |  |
Premises and other equipment | 12,113 |  |  |
Core deposit intangible | 5,998 |  |  |
Other real estate | 68 |  |  |
Bank owned life insurance | 20,522 |  |  |
Other assets | 16,450 |  |  |
Total assets acquired | 554,890 |  |  |
Fair Value of Liabilities Assumed |  |  |
Deposits | 484,366 |  |  |
Capital lease obligation | 7,851 |  |  |
Other liabilities | 1,182 |  |  |
Total liabilities assumed | 493,399 |  |  |
Total Fair Value of Identifiable Net Assets |  |  | 61,491 |
Goodwill |  |  | $ | 70,553 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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