Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Finite-Lived Intangible Assets [Line Items]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The following table presents gross carrying value and accumulated amortization by major intangible asset class as of March 31, 2017 and December 31, 2016 (in thousands):



	March 31, 2017				December 31, 2016
	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Goodwill not subject to amortization (effective 1/1/02)	$	61,551	$	3,760	$	61,551	$	3,760
Intangibles from branch acquisition	3,015		3,015		3,015		3,015
Core deposit intangibles	19,862		10,115		19,862		9,644
Other intangibles	3,731		2,148		3,731		2,102
	$	88,159	$	19,038	$	88,159	$	18,521

Intangible Assets, Mortgage Servicing Rights [Table Text Block]

As part of the acquisition of First Clover Leaf Bank, the Company acquired mortgage servicing rights valued at $1,069,000. The following table summarizes the activity pertaining to mortgage servicing rights included in intangible assets as of March 31, 2017 and December 31, 2016 (in thousands):



	March 31, 2017			December 31, 2016
Beginning Balance	$	985		$	—
Mortgage Servicing rights acquired during period	—			1,069
Mortgage Servicing rights capitalized	—			14
Mortgage Servicing rights amortized	(30		)	(98		)
Ending Balance	$	955		$	985

Schedule of Intangible Assets Amortization Expense [Table Text Block]

Total amortization expense for the three months ended March 31, 2017 and 2016 was as follows (in thousands):



	Three months ended March 31,
	2016		2016
Core deposit intangibles	$	471	$	409
Other Intangibles	46		46
Mortgage Service Rights	30		—
	$	547	$	455

Schedule of Expected Amortization Expense [Table Text Block]

Aggregate amortization expense for the current year and estimated amortization expense for each of the five succeeding years is shown in the table below (in thousands):



Aggregate amortization expense:
For period 01/01/17-03/31/17	$	547
Estimated amortization expense:
For period 04/01/17-12/31/17	1,585
For year ended 12/31/18	1,934
For year ended 12/31/19	1,758
For year ended 12/31/20	1,556
For year ended 12/31/21	1,284
For year ended 12/31/22	1,175

First Clover Leaf [Member]

Finite-Lived Intangible Assets [Line Items]

Reconciliation of purchase price to goodwill recorded [Table Text Block]

The following table provides a reconciliation of the purchase price paid for First Clover Leaf and the amount of goodwill recorded (in thousands):



Purchase price (in excess of net book value)			$	8,741
Less purchase accounting adjustments:
Fair value of securities	737
Fair value of loans, net	3,475
Fair value of OREO	754
Fair value of premises and equipment	(1,963	)
Fair value of time deposits	1,994
Fair value of FHLB advances	113
Fair value of subordinated debentures	(731	)
Core deposit intangible	(4,660	)
Other assets	8,325
			8,044
Resulting goodwill from acquisition			$	16,785