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Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2016
Net Cash (Received) Paid in Acquisitions and Divestitures

The following table presents the components of net cash received in, or paid for, acquisitions and divestitures, an investing activity in the Company’s consolidated statements of cash flows, for the periods indicated:

 

     Year Ended December 31,  
(Amounts in thousands)    2016      2015      2014  

Acquisitions

        

Fair value of assets and liabilities acquired:

        

Loans

   $ 149,122      $ —        $ 140  

Premises and equipment

     4,829        —          4,547  

Other assets

     448        —          4,563  

Other intangible assets

     3,842        —          —    

Deposits

     (134,307      —          (318,877

Other liabilities

     (75      —          (76

Purchase price in excess of net assets acquired

     2,446        88        1,721  
  

 

 

    

 

 

    

 

 

 

Total purchase price

     26,305        88        (307,982

Non-cash purchase price

     —          —          —    

Cash acquired

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Net cash paid (received) in acquisitions

     26,305        88        (307,982

Divestitures

        

Book value of assets sold

     (165,742      389        (83,283

Book value of liabilities sold

     111,198        (152      215,268  

Sales price in excess of net liabilities assumed

     (3,682      (6      (755
  

 

 

    

 

 

    

 

 

 

Total sales price

     (58,226      231        131,230  

Cash sold

     —          —          (1,852

Amount due remaining on books

     2,205        (231      —    
  

 

 

    

 

 

    

 

 

 

Net cash (received) paid in divestitures

     (56,021      —          129,378  
  

 

 

    

 

 

    

 

 

 

Net cash (received) paid in acquisitions and divestitures

   $ (29,716    $ 88      $ (178,604