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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

Central National Bank & Trust [Member]

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Based on management’s preliminary valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the final purchase price for the CNB acquisition is allocated as follows:

ASSETS										LIABILITIES
Cash and due from banks		$	27,860							Deposits
Investment securities, available for sale			16,393							Non-interest bearing		$	24,079
										NOW accounts			9,038
Commercial			2,267							Savings and money market			13,829
Residential mortgage			6,624							Certificates of deposits			3,342
Consumer			1,579							Total deposits			50,288
Total loans			10,470
										Borrowings			459
Premises and equipment, net			444							Interest payable			7
FHLB stock			50							Other liabilities			154
Goodwill			609
Core deposit intangible			190
Interest receivable			154
Other assets			49
Total assets purchased		$	56,219							Total liabilities assumed		$	50,908
Cash paid			5,311
Total estimated purchase price		$	5,311

LaPorte Bancorp Inc [Member]

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on assumptions that are subject to change, the purchase price for the LaPorte Bancorp acquisition is detailed in the following table.

ASSETS										LIABILITIES
Cash and due from banks		$	154,849							Deposits
Investment securities, available for sale			23,779							Non-interest bearing		$	66,733
										NOW accounts			99,346
Commercial			153,750							Savings and money market			117,688
Residential mortgage			42,603							Certificates of deposits			87,605
Consumer			16,801							Total deposits			371,372
Mortgage Warehousing			99,752
Total loans			312,906
										Borrowings			64,793
Premises and equipment, net			6,022							Interest payable			178
FHLB stock			4,029							Subordinated debt			4,504
Goodwill			20,290							Other liabilities			9,931
Core deposit intangible			2,514
Interest receivable			844
Cash value of life insurance			15,267
Other assets			8,912
Total assets purchased		$	549,412							Total liabilities assumed		$	450,778
Common shares issued		$	60,306
Cash paid			38,328
Total estimated purchase price		$	98,634

Schedule of Acquired Loans Accounted for in Accordance with ASC 310-30

The following table details the acquired loans that are accounted for in accordance with ASC 310-30 as of July 18, 2016.

Contractually required principal and interest at acquisition		$	12,545
Contractual cash flows not expected to be collected (nonaccretable differences)			4,492
Expected cash flows at acquisition			8,053
Interest component of expected cash flows (accretable discount)			1,258
Fair value of acquired loans accounted for under ASC 310-30		$	6,795

Pro Forma Result of Comparable Prior Reporting Period

The following schedule includes pro-forma results for the periods ended December 31, 2016 and 2015 as if the CNB, LaPorte Bancorp and Kosciusko acquisitions had occurred as of the beginning of the comparable prior reporting period.

		December 31				December 31
		2016				2015
Summary of Operations:
Net Interest Income		$	95,451			$	91,986
Provision for loan losses			1,842				3,417
Net Interest Income after Provision for Loan Losses			93,609				88,569
Non-interest Income			43,237				33,301
Non-interest Expense			104,226				87,779
Income before Income Taxes			32,620				34,091
Income Tax Expense			9,679				8,528
Net Income			22,941				25,563
Net Income Available to Common Shareholders		$	22,899			$	25,438
Basic Earnings Per Share		$	1.15			$	1.61
Diluted Earnings Per Share		$	1.14			$	1.57

Kosciusko Financial Inc [Member]

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on assumptions that are subject to change, the purchase price for the Kosciusko acquisition is detailed in the following table.

ASSETS										LIABILITIES
Cash and due from banks		$	38,950							Deposits
Investment securities, available for sale			1,191							Non-interest bearing		$	27,871
										NOW accounts			35,213
Commercial			70,006							Savings and money market			26,953
Residential mortgage			26,244							Certificates of deposits			32,771
Consumer			6,319							Total deposits			122,808
Total loans			102,569
										Borrowings			9,038
Premises and equipment, net			1,466							Interest payable			55
FRB and FHLB stock			582							Other liabilities			989
Goodwill			6,443
Core deposit intangible			526
Interest receivable			636
Cash value of life insurance			2,745
Other assets			765
Total assets purchased		$	155,873							Total liabilities assumed		$	132,890
Common shares issued		$	14,470
Cash paid			8,513
Total estimated purchase price		$	22,983

Schedule of Acquired Loans Accounted for in Accordance with ASC 310-30

The following table details the acquired loans that are accounted for in accordance with ASC 310-30 as of June 1, 2016.

Contractually required principal and interest at acquisition		$	2,682
Contractual cash flows not expected to be collected (nonaccretable differences)			25
Expected cash flows at acquisition			2,657
Interest component of expected cash flows (accretable discount)			634
Fair value of acquired loans accounted for under ASC 310-30		$	2,023

Peoples Bancorp Inc [Member]

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Based on management’s preliminary valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the final purchase price for the Peoples acquisition is allocated as follows:

ASSETS										LIABILITIES
Cash and due from banks		$	205,054							Deposits
Investment securities, available for sale			2,038							Non-interest bearing		$	28,251
										NOW accounts			65,771
Commercial			67,435							Savings and money market			125,176
Residential mortgage			137,331							Certificates of deposits			131,889
Consumer			19,593							Total deposits			351,087
Total loans			224,359
										Borrowings			48,884
Premises and equipment, net			5,524							Interest payable			21
FRB and FHLB stock			2,743							Other liabilities			6,938
Goodwill			21,424
Core deposit intangible			4,394
Interest receivable			1,279
Cash value of life insurance			13,898
Other assets			4,364
Total assets purchased		$	485,077							Total liabilities assumed		$	406,930
Common shares issued		$	55,506
Cash paid			22,641
Total estimated purchase price		$	78,147

Schedule of Acquired Loans Accounted for in Accordance with ASC 310-30

The following table details the acquired loans that are accounted for in accordance with ASC 310-30 as of July 1, 2015.

Contractually required principal and interest at acquisition		$	5,730
Contractual cash flows not expected to be collected (nonaccretable differences)			715
Expected cash flows at acquisition			5,015
Interest component of expected cash flows (accretable discount)			647
Fair value of acquired loans accounted for under ASC 310-30		$	4,368

Pro Forma Result of Comparable Prior Reporting Period

The following schedule includes pro forma results for the periods ended December 31, 2015 and December 31, 2014 as if the Peoples and Peoples FSB acquisitions had occurred as of the beginning of the comparable prior reporting period.

		December 31 2015				December 31 2014
Summary of Operations:
Net Interest Income		$	80,688			$	75,442
Provision for Loan Losses			3,222				3,443
Net Interest Income after Provision for Loan Losses			77,466				71,999
Non-interest Income			32,295				29,928
Non-Interest Expense			80,489				74,010
Income before Income Taxes			29,272				27,917
Income Tax Expense			7,359				6,560
Net Income			21,913				21,357
Net Income Available to Common Shareholders		$	21,788			$	21,342
Basic Earnings Per Share		$	1.27			$	1.25
Diluted Earnings Per Share		$	1.23			$	1.21

Summit [Member]

Schedule of Purchase Price of Assets Acquired and Liabilities Assumed

Based on management’s preliminary valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the preliminary purchase price for the Summit acquisition is allocated as follows:

ASSETS										LIABILITIES
Cash and due from banks		$	15,161							Deposits
										Non-interest bearing		$	27,274
Commercial			70,441							NOW accounts			16,332
Residential mortgage			43,448							Savings and money market			35,045
Consumer			10,192							Certificates of deposits			42,368
Total loans			124,081							Total deposits			121,019
Premises and equipment, net			2,548							Borrowings			16,990
FRB and FHLB stock			2,136							Interest payable			52
Goodwill			8,428							Other liabilities			599
Core deposit intangible			822
Interest receivable			347
Cash value of life insurance			2,185
Other assets			2,877
Total assets purchased		$	158,585							Total liabilities assumed		$	138,660

Schedule of Acquired Loans Accounted for in Accordance with ASC 310-30

The following table details the acquired loans that are accounted for in accordance with ASC 310-30 as of April 3, 2014.

Contractually required principal and interest at acquisition		$	14,460
Contractual cash flows not expected to be collected (nonaccretable differences)			3,146
Expected cash flows at acquisition			11,314
Interest component of expected cash flows (accretable discount)			1,688
Fair value of acquired loans accounted for under ASC 310-30		$	9,626

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- 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/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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