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Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2012
Business Combinations [Abstract]  
Schedule of Business Combinations [Table Text Block]

 

 

August 1, 2012

 

 

(Dollars in thousands)

 

Assets acquired:

 

 

 

 

Cash and cash equivalents

$

6,195

 

 

Investment securities available-for-sale

 

37,143

 

 

Loans

 

52,192

 

 

Premises and equipment, net

 

1,262

 

 

Accrued interest receivable

 

389

 

Total assets acquired

$

97,181

 

Liabilities assumed:

 

 

 

 

Deposits:

$

85,236

 

 

Other liabilities

 

795

 

Total liabilities assumed

$

86,031

 

 

Net assets acquired

$

11,150

 

 

 Cash consideration paid in acquisition

$

10,251

 

 

 Bargain gain on acquisition

$

899

 
Schedule Of Operating Results Attributable To Business Combinations [Table Text Block]

(Dollars in thousands)

 

 

 

Net interest income

$

1,352

 

Non-interest income

 

15

 

Non-interest expense and income taxes

 

(763

)

Net income

$

604

 
Schedule Of Accountable Loans For Business Combinations In Accordance With FASB ASC 310-30 [Table Text Block]

(Dollars in thousands)

 

 

 

Contractually required principal and interest at acquisition

$

2,101

 

Contractual cash flows not expected to be collected (nonaccretable difference)

 

(982

)

Expected cash flows at acquisition

 

1,119

 

Interest component of expected cash flows (accretable discount)

 

(161

)

Fair value of acquired loans accounted for under FASB ASC 310-30

$

958

 
Schedule Of Accountable Loans For Business Combinations Not In Accordance With FASB ASC 310-30 [Table Text Block]

(Dollars in thousands)

 

 

 

Contractually required principal and interest at acquisition

$

50,917

 

Contractual cash flows not expected to be collected (credit mark)

 

(807

)

Expected cash flows at acquisition

 

50,110

 

Interest rate premium mark

 

1,313

 

Fair value of acquired loans not accounted for under FASB ASC 310-30

$

51,423