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Acquisition (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Assessment of Consideration Transferred, Assets Purchased and Liabilities Assumed

The following table provides an assessment of the consideration transferred, assets purchased, and the liabilities assumed (in thousands):

 

     As Recorded
by Bank of
America
     Fair Value and
Other Merger
Related
Adjustments
     As Recorded
by the
Company
 

Consideration paid:

        

Cash paid

         $ 6,618  
        

 

 

 

Total consideration

         $ 6,618  
        

 

 

 

Assets acquired:

        

Cash and cash equivalents

   $ 186,119      $ —        $ 186,119  

Premises and equipment, net

     2,165        2,330        4,495  

Other assets

     114        —          114  

Core deposit intangibles

     —          2,910        2,910  
  

 

 

    

 

 

    

 

 

 

Total assets acquired

   $ 188,398      $ 5,240      $ 193,638  
  

 

 

    

 

 

    

 

 

 

Liabilities assumed:

        

Deposits

   $ 186,119      $ 683      $ 186,802  

Other liabilities

     17        —          17  
  

 

 

    

 

 

    

 

 

 

Total liabilities assumed

   $ 186,136      $ 683      $ 186,819  
  

 

 

    

 

 

    

 

 

 

Net identifiable assets acquired over liabilities assumed

   $ 2,262      $ 4,557      $ 6,819  
  

 

 

    

 

 

    

 

 

 

Goodwill (bargain purchase gain)

         $ (201