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Business Combination & Asset Purchase (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated values of the assets acquired and the liabilities assumed:

 

($ in Thousands)  

Cash

   $ 204   

Loans

     11,436   

Accrued Interest on Loans

     31   

Premises and Equipment

     271   

Core Deposit Intangible Asset

     1,171   

Other Assets

     1   
  

 

 

 

Total Assets Acquired

$ 13,114   
  

 

 

 

Deposits

$ 29,466   

Accrued Interest on Deposits

  17   

Other Liabilities

  17   
  

 

 

 

Total Liabilities Assumed

$ 29,500   
  

 

 

 

Net Liabilities Assumed

$ (16,386
  

 

 

 
Amortization Expense of Core Deposit Intangible Assets

Amortization expense of the core deposit intangible assets remaining is as follows:

 

     Hicksville      Custar      Total  

2015

   $ 155       $ 167       $ 322   

2016

     155         167         322   

2017

     78         167         245   

2018

     —           167         167   

2019

     —           167         167   

Thereafter

     —           162         162   
  

 

 

    

 

 

    

 

 

 

Total

$ 388    $ 997    $ 1,385