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Acquisition Activity (Tables) | 6 Months Ended
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Jun. 30, 2019
Acquisition Activity |
Schedule of recognized identified assets acquired and liabilities assumed | Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the final purchase price for the First Personal acquisition is allocated as follows:
ASSETS |  |  |
Cash and due from banks |  | $ | 30,178
Investment securities, available for sale |  |  | 2
Commercial |  |  | 53,026
Residential mortgage |  |  | 32,542
Consumer |  |  | 9,004
Total Loans |  |  | 94,572
Premises and equipment, net |  |  | 5,799
FHLB stock |  |  | 219
Goodwill |  |  | 5,437
Core deposit intangible |  |  | 3,044
Interest receivable |  |  | 274
Other assets |  |  | 6,405
Total assets purchased |  | $ | 145,930
Common shares issued |  |  | 6,928
Cash paid |  |  | 8,689
Total purchase price |  | $ | 15,617
LIABILITIES |  |  |
Deposits |  |  |
Non-interest bearing |  | $ | 14,517
NOW accounts |  |  | 22,177
Savings and money market |  |  | 41,852
Certificates of deposits |  |  | 46,355
Total Deposits |  |  | 124,901
Borrowings |  |  | 4,124
Interest payable |  |  | 32
Other liabilities |  |  | 1,256
Total liabilities assumed |  | $ | 130,313
ASSETS |  |  |
Cash and due from banks |  | $ | 68,303
Investment securities, available for sale |  |  | 3,432
Commercial |  |  | 712
Residential mortgage |  |  | 85,635
Multifamily |  |  | 1,442
Consumer |  |  | 57
Total Loans |  |  | 87,846
Premises and equipment, net |  |  | 3,542
FHLB stock |  |  | 512
Goodwill |  |  | 2,939
Core deposit intangible |  |  | 2,917
Interest receivable |  |  | 351
Other assets |  |  | 8,939
Total assets purchased |  | $ | 178,781
Common shares issued |  |  | 17,492
Cash paid |  |  | 15,743
Total purchase price |  | $ | 33,235
LIABILITIES |  |  |
Deposits |  |  |
Non-interest bearing |  | $ | 24,502
NOW accounts |  |  | 10,712
Savings and money market |  |  | 68,875
Certificates of deposits |  |  | 40,137
Total Deposits |  |  | 144,226
Interest payable |  |  | 50
Other liabilities |  |  | 1,270
Total liabilities assumed |  | $ | 145,546

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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