v3.5.0.2
Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - Pacific Rim Bank
Jun. 16, 2015
USD ($)
Assets Acquired:  
Goodwill $ 1,300,000
Consideration:  
Cash paid 543,000
PRB Book Value  
Assets Acquired:  
Cash and cash equivalents 38,624,000
Securities AFS 7,179,000
Loans, net of deferred fees 80,192,000
Allowance for loan losses (2,034,000)
Premises and equipment, net 251,000
Investment in FHLB stock 152,000
REO 4,374,000
Other assets 269,000
Total assets acquired 129,007,000
Liabilities Assumed:  
Deposits 119,663,000
Accounts payable and other liabilities 442,000
Total liabilities assumed 120,105,000
Excess of assets acquired over liabilities assumed 8,902,000
Total assets acquired 129,007,000
Fair Value Adjustments  
Assets Acquired:  
Securities AFS 115,000
Loans, net of deferred fees (2,419,000)
Allowance for loan losses 2,034,000
Premises and equipment, net (188,000)
Deferred taxes 2,258,000
REO (672,000)
Goodwill 1,300,000
Core deposit intangible 1,099,000
Total assets acquired 3,527,000
Liabilities Assumed:  
Deposits 178,000
Accounts payable and other liabilities (98,000)
Total liabilities assumed 80,000
Excess of assets acquired over liabilities assumed 3,447,000
Total assets acquired 3,527,000
Fair Value  
Assets Acquired:  
Cash and cash equivalents 38,624,000
Securities AFS 7,294,000
Loans, net of deferred fees 77,773,000
Premises and equipment, net 63,000
Investment in FHLB stock 152,000
Deferred taxes 2,258,000
REO 3,702,000
Goodwill 1,300,000
Core deposit intangible 1,099,000
Other assets 269,000
Total assets acquired 132,534,000
Liabilities Assumed:  
Deposits 119,841,000
Accounts payable and other liabilities 344,000
Total liabilities assumed 120,185,000
Excess of assets acquired over liabilities assumed 12,349,000
Total assets acquired 132,534,000
Consideration:  
Stock issued 11,806,000
Cash paid 543,000
Total $ 12,349,000