Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Tables)

v3.2.0.727
ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2015
ACQUISITIONS [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 three and six months ended June 30, 2015 and 2014 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended
June 30,

 

For the Six Months Ended
June 30,

 

2015

 

2014

 

2015

 

2014

Loans (1)

$
1,052 

 

$
(219)

 

$
1,691 

 

$
(765)

Core deposit intangible (2)

 
(2,138)

 

 
(2,456)

 

 
(4,361)

 

 
(5,072)

Borrowings (3)

 
137 

 

 
75 

 

 
275 

 

 
150 

Time deposits (4)

 
614 

 

 
2,460 

 

 
1,690 

 

 
5,381 

Net impact to income before taxes

$
(335)

 

$
(140)

 

$
(705)

 

$
(306)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Loan discount (premium) accretion (amortization) 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 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 discount 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 discount accretion is included in “Interest on deposits” in the “Interest expense” section of the Company's Consolidated Statements of Income.