National Commerce Corp - 10-K filing on 2017-03-10

Note 20 - Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2016

	As Recorded		Fair Value				As Recorded
	By Reunion		Adjustments				By the Company
Cash and cash equivalents	$	3,136		-				3,136
Investment securities		19,261		(135	)	a		19,126
Loans		265,492		(7,078	)	b		258,414
Allowance for loan losses		2,429		(2,429	)	c		-
Net loans		263,063		(4,649	)			258,414
Premises and equipment, net		3,922		-				3,922
Core deposit intangible		-		1,539		d		1,539
Bank-owned life insurance		4,098		-				4,098
Other real estate and repossessions		92		-				92
Other assets		21,371		(2,003	)	e		19,368
Total assets	$	314,943		(5,248	)			309,695

Non-interest bearing deposits	$	80,382		-				80,382
Interest-bearing deposits		196,957		320		f		197,277
Total deposits		277,339		320				277,659

Other liabilities		10,561		(1,084	)	e		9,477
Total liabilities		287,900		(764	)			287,136

Net identifiable assets acquired over liabilities assumed		27,043		(4,484	)			22,559

Goodwill		-		20,639				20,639

Net assets acquired over liabilities assumed	$	27,043		16,155				43,198


Consideration:

Shares of common stock issued				1,339,129
Estimated value per share of the Company's stock			$	25.11

Fair value of Company stock issued				33,626
Cash paid for shares and in lieu of fractional shares				7,369
Value of assumed stock options				2,203

Fair value of total consideration transferred			$	43,198

	As Recorded		Fair Value				As Recorded
	By Private Bancshares		Adjustments				By the Company
Cash and cash equivalents	$	17,793		-				17,793
Investment securities		10,001		(28	)	a		9,973
Mortgage loans held-for-sale		24,628						24,628
Loans		266,750		(6,173	)	b		260,577
Allowance for loan losses		3,306		(3,306	)	c		-
Net loans		263,444		(2,867	)			260,577
Premises and equipment, net		558		(95	)	d		463
Core deposit intangible				2,979		e		2,979
Bank-owned life insurance		3,294		-				3,294
Other real estate and repossessions				-				-
Other assets		2,744		1,770		f		4,514
Total assets	$	322,462		1,759				324,221

Non-interest bearing deposits	$	135,822		-				135,822
Interest-bearing deposits		150,260		131		g		150,391
Total deposits		286,082		131				286,213

Repurchase liability		2,201		-				2,201
Other liabilities		3,906		173		h		4,079
Total liabilities		292,189		304				292,493

Net identifiable assets acquired over liabilities assumed		30,273		1,455				31,728
Goodwill		-		47,809				47,809
Net assets acquired over liabilities assumed	$	30,273		49,264				79,537


Consideration:

Shares of common stock issued				1,809,189
Estimated value per share of the Company's stock			$	37.15

Fair value of Company stock issued				67,211
Cash paid for shares and in lieu of fractional shares				8,322
Value of assumed stock options and restricted stock units				4,004

Fair value of total consideration transferred			$	79,537