Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v3.8.0.1
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Schedule of Effect of Amortization and Accretion Related to Acquisition
The net effect of the amortization and accretion of premiums and discounts associated with the Company’s acquisition accounting adjustments had the following impact on the Consolidated Statements of Income during the years ended December 31, 2017, 2016, and 2015 (dollars in thousands):
 
For the years ended
December 31,
 
2017
 
2016
 
2015
Loans (1)
$
6,784

 
$
5,218

 
$
4,355

Core deposit intangible (2)
(5,603
)
 
(6,930
)
 
(8,445
)
Borrowings (3)
170

 
458

 
424

Time deposits (4)
—

 
—

 
1,843

Other amortizable intangibles (2)
(485
)
 
(280
)
 
—

Net impact to income before taxes
$
866

 
$
(1,534
)
 
$
(1,823
)
(1) Loan acquisition-related fair value adjustments accretion is included in "Interest and fees on loans" in the "Interest and dividend income" section of the Company's Consolidated Statements of Income.
(2) Core deposit and other intangible premium amortization is included in "Amortization of intangible assets" in the "Noninterest expense" section of the Company's Consolidated Statements of Income.
(3) Borrowings acquisition-related fair value adjustments accretion is included in "Interest on long-term borrowings" in the "Interest Expense" section of the Company's Consolidated Statements of Income.
(4) Certificate of deposit acquisition-related fair value adjustments accretion is included in "Interest on deposits" in the "Interest expense" section of the Company's Consolidated Statements of Income.