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Note 13: Business Combinations: Business Acquisition Policy -- Citizens State Bank: Schedule of Business Acquisition -- Citizens State Bank (Tables) | 3 Months Ended
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Mar. 31, 2014
Tables/Schedules |
Schedule of Business Acquisition -- Citizens State Bank |
Fair Value of Consideration Transferred |
Cash | $5,708,211
Contingent consideration | -
Total consideration | $5,708,211
Recognized amounts of identifiable assets acquired |
and liabilities assumed |
Cash and Cash equivalents | $4,167,979
Investment Securities | 50,539,865
Loans | 11,984,135
Premises and equipment | 612,540
Identifiable intangible assets | 624,440
Miscellaneous other assets | 4,075,288
Deposits | (64,154,307)
Advances from FHLB | (1,499,904)
Miscellaneous other liabilities | (641,825)
Total identifiable net assets | 5,708,211
Goodwill | $-

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