v3.8.0.1
Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - Community 1st Bancorp
$ in Thousands
Nov. 10, 2017
USD ($)
Assets Acquired:  
Goodwill $ 26,000
C1B Book Value  
Assets Acquired:  
Cash and cash equivalents 91,018
Securities AFS 114,796
Loans, net of deferred fees 230,203
Allowance for loan losses (3,097)
Premises and equipment, net 1,636
Deferred taxes 1,288
REO 248
FHLB stock and other stock holdings 2,116
Other assets 8,556
Total assets acquired 446,764
Liabilities Assumed:  
Deposits 411,463
Borrowings 7,857
Accounts payable and other liabilities 4,931
Total liabilities assumed 424,251
Excess of assets acquired over liabilities assumed 22,513
Total 446,764
Fair Value Adjustments  
Assets Acquired:  
Securities AFS (583)
Loans, net of deferred fees (2,979)
Allowance for loan losses 3,097
Premises and equipment, net (1,636)
Deferred taxes (738)
REO (248)
Goodwill 26,000
Core deposit intangible 5,793
FHLB stock and other stock holdings (140)
Other assets (641)
Total assets acquired 27,925
Liabilities Assumed:  
Deposits 98
Borrowings 143
Accounts payable and other liabilities (1,674)
Total liabilities assumed (1,433)
Excess of assets acquired over liabilities assumed 29,358
Total 27,925
Fair Value  
Assets Acquired:  
Cash and cash equivalents 91,018
Securities AFS 114,213
Loans, net of deferred fees 227,224
Deferred taxes 550
Goodwill 26,000
Core deposit intangible 5,793
FHLB stock and other stock holdings 1,976
Other assets 7,915
Total assets acquired 474,689
Liabilities Assumed:  
Deposits 411,561
Borrowings 8,000
Accounts payable and other liabilities 3,257
Total liabilities assumed 422,818
Excess of assets acquired over liabilities assumed 51,871
Total 474,689
Consideration:  
Stock issued $ 51,871