MERGERS AND ACQUISITIONS	3 Months Ended
MERGERS AND ACQUISITIONS	Mar. 31, 2019
Business Combinations [Abstract]
MERGERS AND ACQUISITIONS	MERGERS AND ACQUISITIONS Mercersburg Financial Corporation On October 1, 2018, we acquired 100% of the outstanding common shares of Mercersburg Financial Corporation and its wholly-owned subsidiary, First Community Bank of Mercersburg, headquartered in Mercersburg, Pennsylvania. We issued 1,052,635 shares of our common stock and paid $4,866,000 in cash for all outstanding shares of Mercersburg stock. Based on our $23.80 closing stock price on Friday, September 28, 2018, the consideration paid to acquire Mercersburg totaled $29,919,000. The fair value of assets acquired, excluding goodwill, totaled $181,430,000, including loans totaling $141,103,000 and investment securities available for sale totaling $7,352,000. The fair value of liabilities assumed totaled 163,384,000, including deposits totaling $160,433,000. The Company recognized $11,873,000 in initial goodwill, representing consideration transferred in excess of the fair value of the net assets acquired in the Mercersburg acquisition. The goodwill resulting from the acquisition represents the value expected from the expansion of our market in south central Pennsylvania and the enhancement of our operations through customer synergies and efficiencies, thereby providing enhanced customer service. The Mercersburg acquisition was accounted for using the acquisition method of accounting and, accordingly, purchased assets, including identifiable intangible assets, and assumed liabilities were recorded at their respective acquisition date fair values. The fair value measurements of assets acquired and liabilities assumed are subject to refinement for up to one year after the closing date of the acquisition as additional information relative to closing date fair values become available. The Company continues to finalize the fair values of loans and, as a result, the fair value adjustment is preliminary and may change as information becomes available. No material measurement period adjustments were made in the first quarter of 2019. The results of operations for the Company include Mercersburg's results from and after October 1, 2018. Unaudited pro forma net income for the three months ended March 31, 2018, would have totaled $3,925,000 and revenues would have totaled $22,013,000 for the same period had the Mercersburg acquisition occurred January 1, 2018. Hamilton Bancorp, Inc. On May 1, 2019, we acquired 100% of the outstanding common shares of Hamilton Bancorp, Inc., and its wholly-owned subsidiary, Hamilton Bank, based in Towson, Maryland. We acquired Hamilton to introduce our banking and financial services into the Greater Baltimore area of Maryland. Pursuant to the merger agreement, we issued approximately 1,765,000 shares of our common stock and paid approximately $13,400,000 in cash for all outstanding shares of Hamilton stock. In accordance with the merger agreement, each outstanding share of Hamilton common stock was converted into 0.54 shares of the Company's stock and $4.10 in cash. Based on our closing stock price on Tuesday, April 30, 2019, the consideration paid to acquire Hamilton totaled approximately $50,000,000. At December 31, 2018, Hamilton reported $496,254,000 in assets, $369,457,000 in loans, and $384,171,000 in deposits. The initial purchase accounting for this acquisition is not yet completed and we are not yet able to disclose the preliminary fair value of the Hamilton assets acquired and liabilities assumed.