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Note 13. Subsequent Event
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 13Subsequent Event


In June, the Company entered into a contract to sell substantially all of the indirect consumer loan portfolio acquired in the Merger, which had a carrying value of approximately $83.4 million at June 30, 2015. Loans held for sale on the Consolidated Balance Sheet at June 30, 2015, included the indirect consumer loans. The sale of this non-strategic loan class will allow the Company to deploy the funds into commercial and commercial real estate loans, its core competency, improve its yield on earning assets and reduce operating expenses. The estimated loss of approximately $900 thousand has been included as an adjustment to the intangibles established in the Merger transaction. The transaction closed on July 24, 2015.