XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.19.2

Business Combinations (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
SCB Bancorp [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
| Acquired Book Value |  | Fair Value Adjustments |  | As Recorded by SCB
Assets |  |  |  |  |
Cash and due from banks | $ | 65,112 |  |  | $ | — |  |  | $ | 65,112 |
Investment Securities | 97,545 |  |  | (41 | ) |  | 97,504 |
Loans | 255,429 |  |  | (7,868 | ) |  | 247,561 |
Allowance for loan losses | (4,491 | ) |  | 4,491 |  |  | — |
Other real estate owned | 783 |  |  | (345 | ) |  | 438 |
Premises and equipment | 10,115 |  |  | 953 |  |  | 11,068 |
Goodwill | 6,745 |  |  | 11,589 |  |  | 18,334 |
Core deposit intangible | — |  |  | 7,269 |  |  | 7,269 |
Other Intangibles | 1,228 |  |  | 11,070 |  |  | 12,298 |
Other assets | 24,858 |  |  | (5,813 | ) |  | 19,045 |
Total assets acquired | $ | 457,324 |  |  | $ | 21,305 |  |  | $ | 478,629 |
Liabilities |  |  |  |  |
Deposits | $ | 348,314 |  |  | $ | (343 | ) |  | $ | 347,971 |
Securities sold under agreements to repurchase | 21,180 |  |  | — |  |  | 21,180 |
FHLB advances | 19,000 |  |  | (29 | ) |  | 18,971 |
Other borrowings | 7,724 |  |  | — |  |  | 7,724 |
Junior subordinated debentures | — |  |  | — |  |  | — |
Other liabilities | 15,477 |  |  | — |  |  | 15,477 |
Total liabilities assumed | 411,695 |  |  | (372 | ) |  | 411,323 |
Net assets acquired | $ | 45,629 |  |  | $ | 21,677 |  |  | $ | 67,306 |
Consideration Paid |  |  |  |  |
Cash |  |  |  |  | $ | 19,046 |
Common Stock |  |  |  |  | 48,260 |
Total consideration paid |  |  |  |  | $ | 67,306 |
Business Acquisition, Pro Forma Information [Table Text Block] | The following unaudited pro forma condensed combined financial information presents the results of operations of the Company, including the effects of the purchase accounting adjustments and acquisition expenses, had the SCB acquisition taken place at the beginning of the period (dollars in thousands):
| Three months ended |  | Six months ended
| June 30, 2018 |  | June 30, 2018
Net interest income | $ | 30,817 |  |  | $ | 57,368 |
Provision for loan losses | 1,877 |  |  | 2,932 |
Non-interest income | 12,765 |  |  | 25,469 |
Non-interest expense | 27,222 |  |  | 51,440 |
Income before income taxes | 14,483 |  |  | 28,465 |
Income tax expense | 3,422 |  |  | 7,007 |
Net income | $ | 11,061 |  |  | $ | 21,458 |
Earnings per share |  |  |
Basic | $ | 0.72 |  |  | $ | 1.46 |
Diluted | 0.72 |  |  | 1.46 |
Basic weighted average shares outstanding | 15,287,245 |  |  | 14,647,966 |
Diluted weighted average shares outstanding | 15,304,607 |  |  | 14,665,269 |
First BancTrust [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the date of the First Bank acquisition (in thousands).
| Acquired Book Value |  | Fair Value Adjustments |  | As Recorded by First Bank
Assets |  |  |  |  |
Cash & due from banks | $ | 20,598 |  |  | $ | — |  |  | $ | 20,598 |
Investment Securities | 59,906 |  |  | (320 | ) |  | 59,586 |
Loans | 371,156 |  |  | (7,875 | ) |  | 363,281 |
Allowance for loan losses | (4,412 | ) |  | 4,412 |  |  | — |
Other real estate owned | 547 |  |  | (12 | ) |  | 535 |
Premises and equipment | 10,126 |  |  | (689 | ) |  | 9,437 |
Goodwill | 543 |  |  | 25,948 |  |  | 26,491 |
Core deposit intangible | — |  |  | 5,224 |  |  | 5,224 |
Other assets | 16,389 |  |  | (256 | ) |  | 16,133 |
Total assets acquired | $ | 474,853 |  |  | $ | 26,432 |  |  | $ | 501,285 |
Liabilities and Stockholders' Equity |  |  |  |  |
Deposits | $ | 384,323 |  |  | $ | 1,301 |  |  | $ | 385,624 |
FHLB advances | 31,000 |  |  | (328 | ) |  | 30,672 |
Subordinated debentures | 6,186 |  |  | (1,451 | ) |  | 4,735 |
Other liabilities | 8,665 |  |  | (36 | ) |  | 8,629 |
Total liabilities assumed | 430,174 |  |  | (514 | ) |  | 429,660 |
Net assets acquired | $ | 44,679 |  |  | $ | 26,946 |  |  | $ | 71,625 |
Consideration Paid |  |  |  |  |
Cash |  |  |  |  | $ | 10,275 |
Common stock |  |  |  |  | 61,350 |
Total consideration paid |  |  |  |  | $ | 71,625 |
Business Acquisition, Pro Forma Information [Table Text Block] |
| Three months ended |  | Six months ended
| June 30, 2018 |  | June 30, 2018
Net interest income | $ | 29,062 |  |  | $ | 57,035 |
Provision for loan losses | 1,927 |  |  | 3,132 |
Non-interest income | 8,640 |  |  | 16,960 |
Non-interest expense | 21,870 |  |  | 43,654 |
Income before income taxes | 13,905 |  |  | 27,209 |
Income tax expense | 3,307 |  |  | 6,715 |
Net income | $ | 10,598 |  |  | $ | 20,494 |
Earnings per share |  |  |
Basic | $ | 0.76 |  |  | $ | 1.42 |
Diluted | 0.76 |  |  | 1.42 |
Basic weighted average shares outstanding | 13,956,674 |  |  | 14,407,273 |
Diluted weighted average shares outstanding | 13,974,048 |  |  | 14,424,576 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=fmbh_SCBBancorpMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=fmbh_FirstBancTrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |