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Note 17: Acquisitions: Schedule of Business Acquisition -- Bank of Thayer (Tables) | 12 Months Ended
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Jun. 30, 2014
Tables/Schedules |
Schedule of Business Acquisition -- Bank of Thayer | The following table summarizes the consideration paid for OLCF and its subsidiary, the Bank of Thayer and the amounts of assets acquired and liabilities assumed recognized at the acquisition date:
Fair Value of Consideration Transferred |
Cash | $6,279,694
Contingent consideration | -
Total consideration | $6,279,694
Recognized amounts of identifiable assets acquired |
and liabilities assumed |
Cash and Cash equivalents | $2,234,980
Investment Securities | 34,271,743
Loans | 39,368,508
Premises and equipment | 1,155,297
Identifiable intangible assets | 1,432,645
Miscellaneous other assets | 1,285,870
Deposits | (68,234,600)
Securities sold under agreements to repurchase | (1,099,675)
Advances from FHLB | (1,095,928)
Subordinated debt | (2,490,890)
Miscellaneous other liabilities | (2,022,076)
Liability arising from a contingency | -
Total identifiable net assets | 4,805,874
Goodwill | $1,473,820

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