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Business Combinations, Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations, Goodwill and Intangible Assets [Abstract]

Schedule of Total Consideration Transferred and Fair Value of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the total consideration transferred as a part of the River Valley acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction.

Consideration
Cash for Options and Fractional Shares		$	395
Cash Consideration		24,975
Equity Instruments		62,022
Fair Value of Total Consideration Transferred		$	87,392
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Cash		$	17,877
Federal Funds Sold and Other Short-term Investments		6,477
Interest-bearing Time Deposits with Banks		992
Securities		132,396
Loans		317,760
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost		3,127
Premises, Furniture & Equipment		9,650
Other Real Estate		882
Intangible Assets		2,613
Company Owned Life Insurance		12,842
Accrued Interest Receivable and Other Assets		9,139
Deposits - Non-interest Bearing		(9,584		)
Deposits - Interest Bearing		(395,862		)
FHLB Advances and Other Borrowings		(49,910		)
Accrued Interest Payable and Other Liabilities		(4,529		)
Total Identifiable Net Assets		$	53,870
Goodwill		$	33,522

The following table summarizes the fair value of the total consideration transferred as a part of the First Security acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction.

Consideration
Cash for Options and Fractional Shares		$	132
Cash Consideration		31,039
Equity Instruments		64,898
Fair Value of Total Consideration Transferred		$	96,069
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Cash		$	13,605
Interest-bearing Time Deposits with Banks		250
Securities		109,580
Loans		390,106
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost		2,607
Premises, Furniture & Equipment		11,149
Other Real Estate		468
Intangible Assets		6,139
Company Owned Life Insurance		13,135
Accrued Interest Receivable and Other Assets		6,126
Deposits - Non-interest Bearing		(66,112		)
Deposits - Interest Bearing		(358,285		)
FHLB Advances and Other Borrowings		(73,275		)
Accrued Interest Payable and Other Liabilities		(2,200		)
Total Identifiable Net Assets		$	53,293
Goodwill		$	42,776

The following table summarizes the fair value of the total cash received as part of the branch acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction.

Total Cash Received from First Financial		$	41,944
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Cash		$	756
Loans		116,305
Premises, Furniture & Equipment		5,666
Intangible Assets		3,475
Accrued Interest Receivable and Other Assets		780
Deposits - Non-interest Bearing		(39,607		)
Deposits - Interest Bearing		(136,096		)
Accrued Interest Payable and Other Liabilities		(70		)
Total Identifiable Net Assets		$	(48,791	)
Goodwill		$	6,847

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the periods ended December 31, 2018, 2017, and 2016, were classified as follows:

		2018				2017				2016
Beginning of Year		$	54,058			$	54,058			$	20,536
Acquired Goodwill		49,623				—				33,522
Impairment		—				—				—
End of Year		$	103,681			$	54,058			$	54,058

Schedule of Acquired Intangible Assets

Acquired Intangible Assets

Acquired intangible assets were as follows as of year end:		2018
		Gross Amount				Accumulated Amortization
Core Banking
Core Deposit Intangible		$	21,231			$	(11,418	)
Branch Acquisition Intangible		257				(257		)
Insurance
Customer List		5,408				(5,259		)
Total		$	26,896			$	(16,934	)

Acquired intangible assets were as follows as of year end:		2017
		Gross Amount				Accumulated Amortization
Core Banking
Core Deposit Intangible		$	11,617			$	(9,694	)
Branch Acquisition Intangible		257				(257		)
Insurance
Customer List		5,408				(5,229		)
Total		$	17,282			$	(15,180	)

Schedule of Estimated Amortization Expense

Estimated amortization expense for each of the next five years is as follows:

2019		$	3,125
2020		2,472
2021		1,846
2022		1,259
2023		774

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- Definition

Business Combinations Goodwill And Intangible Assets [Abstract]

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Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

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Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total.

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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