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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Schedule of Consideration Paid and Recognized Amounts of Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of the total consideration transferred as a part of the Citizens First 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 |  | $ | 216 |
Cash Consideration |  | 15,294 |
Equity Instruments |  | 50,118 |
Fair Value of Total Consideration Transferred |  | $ | 65,628 |
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed: |  |
Cash |  | $ | 21,055 |
Interest-bearing Time Deposits with Banks |  | 2,231 |
Securities |  | 43,839 |
Loans |  | 356,970 |
Stock in FHLB of Indianapolis and Other Restricted Stock, at Cost |  | 2,065 |
Premises, Furniture & Equipment |  | 10,772 |
Other Real Estate |  | — |
Intangible Assets |  | 4,547 |
Company Owned Life Insurance |  | 8,796 |
Accrued Interest Receivable and Other Assets |  | 3,863 |
Deposits - Non-interest Bearing |  | (52,521 | )
Deposits - Interest Bearing |  | (318,966 | )
FHLB Advances and Other Borrowings |  | (31,068 | )
Accrued Interest Payable and Other Liabilities |  | (3,694 | )
Total Identifiable Net Assets |  | $ | 47,889 |
Goodwill |  | $ | 17,739 |
Schedule of Unaudited Financial and Pro Forma Informations | The following table presents unaudited pro forma information as if the acquisition had occured on January 1, 2019 after giving effect to certain adjustments. The unaudited pro forma information for the three and six months ended June 30, 2019 includes adjustments for interest income on loans and securities acquired, amortization of intangibles arising from the transaction, interest expense on deposits and borrowings acquired, and the related income tax effects. The unaudited pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected on the assumed date.
|  | Unaudited Three Months Ended 6/30/2020 |  | Unaudited Pro Forma Three Months Ended 6/30/2019
Net Interest Income |  | $ | 38,459 |  |  | $ | 38,053 |
Non-interest Income |  | 12,423 |  |  | 11,478 |
Total Revenue |  | 50,882 |  |  | 49,531 |
Provision for Loan Losses Expense |  | 5,900 |  |  | 1,150 |
Non-interest Expense |  | 28,088 |  |  | 29,109 |
Income Before Income Taxes |  | 16,894 |  |  | 19,272 |
Income Tax Expense |  | 2,639 |  |  | 3,394 |
Net Income |  | $ | 14,255 |  |  | $ | 15,878 |
Earnings Per Share and Diluted Earnings Per Share |  | $ | 0.54 |  |  | $ | 0.60 |
The above unaudited financial information includes approximately $1,226 of net income and $3,959 of total revenue related to the operations of Citizens First during the three months ended June 30, 2020.
|  | Unaudited Six Months Ended 6/30/2020 |  | Unaudited Pro Forma Six Months Ended 6/30/2019
Net Interest Income |  | $ | 74,715 |  |  | $ | 76,192 |
Non-interest Income |  | 26,504 |  |  | 23,981 |
Total Revenue |  | 101,219 |  |  | 100,173 |
Provision for Loan Losses Expense |  | 11,050 |  |  | 1,825 |
Non-interest Expense |  | 58,416 |  |  | 59,532 |
Income Before Income Taxes |  | 31,753 |  |  | 38,816 |
Income Tax Expense |  | 5,026 |  |  | 6,439 |
Net Income |  | $ | 26,727 |  |  | $ | 32,377 |
Earnings Per Share and Diluted Earnings Per Share |  | $ | 1.01 |  |  | $ | 1.13 |
The above unaudited financial information includes approximately $2,530 of net income and $7,938 of total revenue related to the operations of Citizens First during the six months ended June 30, 2020.

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