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Business Combinations (Tables) | 9 Months Ended
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Mar. 31, 2016
Business Combinations [Abstract] |
Schedule of Business Acquisitions | The following table presents the consideration paid by the Bank in the acquisition of Bank of Commerce and the assets acquired and liabilities assumed as of July 31, 2014:
| As Recorded By Bank of Commerce |  | Fair Value and Other Merger Related Adjustments |  | As Recorded by the Company
Consideration Paid |  |  |  |  |
Cash paid |  |  |  |  | $ | 10,000 |
Total consideration |  |  |  |  | $ | 10,000 |
Assets |  |  |  |  |  |
Cash and cash equivalents | $ | 2,241 |  |  | $ | — |  |  | $ | 2,241 |
Securities available for sale | 24,228 |  |  | — |  |  | 24,228 |
Loans, net of allowance | 89,339 |  |  | (2,855 | ) |  | 86,484 |
Federal Home Loan Bank ("FHLB") Stock | 791 |  |  | — |  |  | 791 |
REO | 224 |  |  | (14 | ) |  | 210 |
Premises and equipment, net | 135 |  |  | — |  |  | 135 |
Accrued interest receivable | 355 |  |  | (100 | ) |  | 255 |
Deferred income taxes | 286 |  |  | 2,839 |  |  | 3,125 |
Core deposit intangibles | — |  |  | 640 |  |  | 640 |
Other assets | 4,931 |  |  | (6 | ) |  | 4,925 |
Total assets acquired | $ | 122,530 |  |  | $ | 504 |  |  | $ | 123,034 |
Liabilities |  |  |  |  |  |  |  |
Deposits | $ | 93,303 |  |  | $ | 112 |  |  | $ | 93,415 |
Other borrowings | 15,000 |  |  | 172 |  |  | 15,172 |
Other liabilities | 6,369 |  |  | — |  |  | 6,369 |
Total liabilities assumed | $ | 114,672 |  |  | $ | 284 |  |  | $ | 114,956 |
Net identifiable assets acquired over liabilities assumed | $ | 7,858 |  |  | $ | 220 |  |  | $ | 8,078 |
Goodwill |  |  |  |  |  |  | $ | 1,922 |
The following table presents the consideration paid by the Bank in the Branch Acquisition and the assets acquired and liabilities assumed as of November 14, 2014:
| As Recorded By Bank of America |  | Fair Value and Other Merger Related Adjustments |  | As Recorded by the Company
Consideration Paid |  |  |  |  |
Cash paid as deposit premium |  |  |  |  | $ | 9,805 |
Total consideration |  |  |  |  | $ | 9,805 |
Assets |  |  |  |  |  |
Cash and cash equivalents | $ | 320,673 |  |  | $ | — |  |  | $ | 320,673 |
Loans, net of allowance | 1,045 |  |  | — |  |  | 1,045 |
Premises and equipment, net | 6,303 |  |  | 2,690 |  |  | 8,993 |
Accrued interest receivable | 3 |  |  | — |  |  | 3 |
Deferred income taxes | — |  |  | 353 |  |  | 353 |
Core deposit intangibles | — |  |  | 7,936 |  |  | 7,936 |
Total assets acquired | $ | 328,024 |  |  | $ | 10,979 |  |  | $ | 339,003 |
Liabilities |  |  |  |  |  |  |  |
Deposits | $ | 328,007 |  |  | $ | 1,174 |  |  | $ | 329,181 |
Other liabilities | 17 |  |  | — |  |  | 17 |
Total liabilities assumed | $ | 328,024 |  |  | $ | 1,174 |  |  | $ | 329,198 |
Net identifiable assets acquired over liabilities assumed | $ | — |  |  | $ | 9,805 |  |  | $ | 9,805 |
Goodwill |  |  |  |  |  |  | $ | — |
The following table presents the consideration paid by the Company in the acquisition of Jefferson and the assets acquired and liabilities assumed as of May 31, 2014:
| As Recorded by Jefferson |  | Fair Value and Other Merger Related Adjustments |  | As Recorded by the Company
Consideration Paid |  |  |  |  |
Cash paid including cash in lieu of fractional shares |  |  |  |  | $ | 25,251 |
Fair value of HomeTrust common stock at $15.03 per share |  |  |  |  | 25,239 |
Total consideration |  |  |  |  | $ | 50,490 |
Assets |  |  |  |  |  |
Cash and cash equivalents | $ | 18,325 |  |  | $ | — |  |  | $ | 18,325 |
Securities available for sale | 85,744 |  |  | (675 | ) |  | 85,069 |
Loans, net of allowance | 338,616 |  |  | (8,704 | ) |  | 329,912 |
FHLB Stock | 4,635 |  |  | — |  |  | 4,635 |
REO | 3,288 |  |  | (1,064 | ) |  | 2,224 |
Premises and equipment, net | 24,662 |  |  | (1,487 | ) |  | 23,175 |
Accrued interest receivable | 1,367 |  |  | (90 | ) |  | 1,277 |
Deferred income taxes | 9,606 |  |  | 3,637 |  |  | 13,243 |
Core deposit intangibles | 847 |  |  | 2,683 |  |  | 3,530 |
Other assets | 7,171 |  |  | (393 | ) |  | 6,778 |
Total assets acquired | $ | 494,261 |  |  | $ | (6,093 | ) |  | $ | 488,168 |
Liabilities |  |  |  |  |  |  |  |
Deposits | $ | 376,985 |  |  | $ | 371 |  |  | $ | 377,356 |
Other borrowings | 55,081 |  |  | 858 |  |  | 55,939 |
Subordinated debentures | 7,460 |  |  | 2,540 |  |  | 10,000 |
Other liabilities | 2,332 |  |  | — |  |  | 2,332 |
Total liabilities assumed | $ | 441,858 |  |  | $ | 3,769 |  |  | $ | 445,627 |
Net identifiable assets acquired over liabilities assumed | $ | 52,403 |  |  | $ | (9,862 | ) |  | 42,541 |
Goodwill |  |  |  |  |  |  | $ | 7,949 |
The following table presents the consideration paid by the Company in the acquisition of BankGreenville and the assets acquired and liabilities assumed as of July 31, 2013:
| As Recorded by BankGreenville |  | Fair Value and Other Merger Related Adjustments |  | As Recorded by the Company
Consideration Paid |  |  |  |  |
Cash |  |  |  |  | $ | 7,823 |
Repayment of BankGreenville preferred stock |  |  |  |  | 1,050 |
Contingent cash consideration (1) |  |  |  |  | 680 |
Total consideration |  |  |  |  | $ | 9,553 |
Assets |  |  |  |  |  |
Cash and cash equivalents | $ | 10,348 |  |  | $ | — |  |  | $ | 10,348 |
Investment securities | 34,345 |  |  | — |  |  | 34,345 |
Loans, net of allowance | 51,622 |  |  | (3,792 | ) |  | 47,830 |
FHLB Stock | 447 |  |  | — |  |  | 447 |
REO | 2,317 |  |  | (168 | ) |  | 2,149 |
Premises and equipment, net | 2,458 |  |  | (117 | ) |  | 2,341 |
Accrued interest receivable | 429 |  |  | — |  |  | 429 |
Deferred tax asset | — |  |  | 2,470 |  |  | 2,470 |
Other assets | 214 |  |  | — |  |  | 214 |
Core deposit intangibles | — |  |  | 530 |  |  | 530 |
Total assets acquired | $ | 102,180 |  |  | $ | (1,077 | ) |  | $ | 101,103 |
Liabilities |  |  |  |  |  |  |  |
Deposits | $ | 88,906 |  |  | $ | 201 |  |  | $ | 89,107 |
Other borrowings | 4,700 |  |  | 34 |  |  | 4,734 |
Other liabilities | 511 |  |  | — |  |  | 511 |
Total liabilities assumed | $ | 94,117 |  |  | $ | 235 |  |  | $ | 94,352 |
Net identifiable assets acquired over liabilities assumed | $ | 8,063 |  |  | $ | (1,312 | ) |  | 6,751 |
Goodwill |  |  |  |  |  |  | $ | 2,802 |
______________________________________
(1) | Estimate of additional amount to be paid to shareholders after 24 months based on performance of a select pool of loans totaling approximately $8,000. Actual amount paid was $484 on October 27, 2015.
Schedule of Purchased Performing Loans and Purchased Impaired Loans Acquired in Transfer | The carrying amount of acquired loans from BankGreenville as of July 31, 2013 consisted of purchased performing loans and PCI loans as detailed in the following table:
| Purchased Performing |  | PCI |  | Total Loans
Retail Consumer Loans: |  |  |  |  |
One-to-four family | $ | 8,274 |  |  | $ | 1,392 |  |  | $ | 9,666 |
HELOCs | 3,987 |  |  | 134 |  |  | 4,121 |
Consumer | 522 |  |  | — |  |  | 522 |
Commercial: |  |  |  |  |  |  |  |
Commercial real estate | 23,073 |  |  | 4,552 |  |  | 27,625 |
Construction and development | 2,367 |  |  | 3,529 |  |  | 5,896 |
Total | $ | 38,223 |  |  | $ | 9,607 |  |  | $ | 47,830 |
The carrying amount of acquired loans from Jefferson as of May 31, 2014 consisted of purchased performing loans and PCI loans as detailed in the following table:
| Purchased Performing |  | PCI |  | Total Loans
Retail Consumer Loans: |  |  |  |  |
One-to-four family | $ | 74,378 |  |  | $ | 6,066 |  |  | $ | 80,444 |
HELOCs | 16,857 |  |  | 18 |  |  | 16,875 |
Construction and land/lots | 7,810 |  |  | 924 |  |  | 8,734 |
Consumer | 3,690 |  |  | 2 |  |  | 3,692 |
Commercial: |  |  |  |  |  |  |  |
Commercial real estate | 119,635 |  |  | 15,649 |  |  | 135,284 |
Construction and development | 24,658 |  |  | 1,012 |  |  | 25,670 |
Commercial and industrial | 52,863 |  |  | 6,350 |  |  | 59,213 |
Total | $ | 299,891 |  |  | $ | 30,021 |  |  | $ | 329,912 |
The carrying amount of acquired loans from Bank of Commerce as of July 31, 2014 consisted of purchased performing loans and purchased credit-impaired ("PCI") loans as detailed in the following table:
| Purchased Performing |  | PCI |  | Total Loans
Retail Consumer Loans: |  |  |  |  |
One-to-four family | $ | 2,717 |  |  | $ | 2,979 |  |  | $ | 5,696 |
Home equity lines of credit ("HELOCs") | 8,823 |  |  | 317 |  |  | 9,140 |
Consumer | 37 |  |  | 15 |  |  | 52 |
Commercial: |  |  |  |  |
Commercial real estate | 29,048 |  |  | 30,047 |  |  | 59,095 |
Construction and development | 202 |  |  | 3,020 |  |  | 3,222 |
Commercial and industrial | 5,402 |  |  | 3,877 |  |  | 9,279 |
Total | $ | 46,229 |  |  | $ | 40,255 |  |  | $ | 86,484 |

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