Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The Company has goodwill from business combinations, intangible assets from branch acquisitions, identifiable intangible assets assigned to core deposit relationships and customer lists of insurance agencies acquired. The following table presents gross carrying amount and accumulated amortization by major intangible asset class as of December 31, 2017 and 2016 (in thousands):



	2017				2016
	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Goodwill not subject to amortization	$	63,910	$	3,760	$	61,551	$	3,760
Intangibles from branch acquisition	3,015		3,015		3,015		3,015
Core deposit intangibles	19,862		11,473		19,862		9,644
Customer list intangibles	3,731		2,285		3,731		2,102
	$	90,518	$	20,533	$	88,159	$	18,521

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			$	8,741
Less purchase accounting adjustments:
Fair value of securities	737
Fair value of loans	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	10,683
			10,402
Resulting goodwill from acquisition			$	19,143

Intangible Assets, Mortgage Servicing Rights [Table Text Block]

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



	December 31, 2017			December 31, 2016
Beginning Balance	985			—
Acquired Balance	—			1,069
Mortgage Servicing rights capitalized	—			14
Mortgage Servicing rights amortized	(141		)	(98		)
Ending Balance	$	844		$	985

Schedule of Intangible Assets Amortization Expense [Table Text Block]

Total amortization expense for the years ended December 31, 2017, 2016 and 2015 was as follows (in thousands):



	2017		2016		2015
Core deposit intangibles	1,829		1,628		876
Customer list intangibles	183		183		15
Mortgage Servicing Rights	141		98		—
	$	2,153	$	1,909	$	891

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

stimated amortization expense for each of the five succeeding years is shown in the table below (in thousands):



For year ended 12/31/18	$	1,954
For year ended 12/31/19	1,778
For year ended 12/31/20	1,576
For year ended 12/31/21	1,304
For year ended 12/31/22	1,195