| 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:
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ASSETS
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Cash and due from banks
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$
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30,178
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Investment securities, available for sale
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2
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Commercial
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53,026
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Residential mortgage
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32,542
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Consumer
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9,004
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Total Loans
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94,572
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Premises and equipment, net
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5,799
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FHLB stock
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219
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Goodwill
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5,437
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Core deposit intangible
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3,044
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Interest receivable
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274
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Other assets
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6,405
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Total assets purchased
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$
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145,930
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Common shares issued
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6,928
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Cash paid
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8,689
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Total purchase price
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$
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15,617
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LIABILITIES
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Deposits
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Non-interest bearing
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$
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14,517
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NOW accounts
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22,177
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Savings and money market
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41,852
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Certificates of deposits
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46,355
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Total Deposits
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124,901
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Borrowings
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4,124
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Interest payable
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32
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Other liabilities
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1,256
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Total liabilities assumed
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$
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130,313
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ASSETS
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Cash and due from banks
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$
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68,303
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Investment securities, available for sale
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3,432
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Commercial
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712
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Residential mortgage
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85,635
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Multifamily
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1,442
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Consumer
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57
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Total Loans
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87,846
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Premises and equipment, net
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3,542
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FHLB stock
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512
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Goodwill
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2,939
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Core deposit intangible
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2,917
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Interest receivable
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351
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Other assets
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8,939
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Total assets purchased
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$
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178,781
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Common shares issued
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17,492
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Cash paid
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15,743
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Total purchase price
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$
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33,235
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LIABILITIES
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Deposits
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Non-interest bearing
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$
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24,502
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NOW accounts
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10,712
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Savings and money market
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68,875
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Certificates of deposits
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40,137
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Total Deposits
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144,226
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Interest payable
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50
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Other liabilities
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1,270
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Total liabilities assumed
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$
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145,546
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