At February 17, 2017

Book Value

Fair Value Adjustment

Estimated Fair Value

Cash consideration transferred

$

12,080

Recognized amounts of identifiable assets acquired and liabilities assumed

Identifiable assets acquired

Cash and cash equivalents

$

27,196

$

-

$

27,196

Loans receivable

115,283

(3,258

)

112,025

CDI

-

1,363

Premises and equipment

1,769

399

2,168

BOLI

2,113

-

2,113

Accrued interest receivable and other assets

431

90

521

Total identifiable assets acquired

146,792

(1,406

)

145,386

Liabilities assumed

Deposits

130,572

235

130,807

Junior subordinated debentures

5,155

(1,468

)

3,687

Accrued expenses and other liabilities

293

23

316

Total liabilities assumed

136,020

(1,210

)

134,810

Total identifiable net assets acquired

$

10,772

$

(196

)

10,576

Goodwill recognized

$

1,504