Note 2   Acquisition of Atlas Bank On June 30, 2014, the Company completed its acquisition of Atlas Bank ( Atlas ), a federally chartered mutual savings bank headquartered in Brooklyn, New York. The transaction qualified as a tax-free reorganization for federal income tax purposes. Based upon an independent appraised valuation of Atlas, the Company issued 1,044,087 shares of its common stock with an aggregate value of $15.5 million to Kearny MHC as consideration for the acquisition of Atlas. The Company accounted for the transaction using applicable accounting guidance regarding business combinations resulting in the recognition of pre-tax merger-related expenses totaling $391,000 during the year ended June 30, 2014. Additionally, the Company recorded the assets acquired and liabilities assumed through the merger at fair value as summarized in the following table (in thousands). Consideration Paid: Shares of capital stock issued to mutual holding company $ 15,500 Total consideration paid $ 15,500 Recognized amounts of identifiable assets acquired and liabilities assumed, at fair value: Cash and cash equivalents $ 9,133 Debt securities 2,998 Net loans receivable 78,725 Mortgage-backed securities 23,896 Premises and equipment 2,196 Federal Home Loan Bank stock 1,037 Interest receivable 374 Deferred income tax assets, net 511 Core deposit intangible 398 Other assets 1,671 Fair value of assets acquired 120,939 Deposits 86,099 Federal Home Loan Bank advances 18,693 Other liabilities 421 Fair value of liabilities assumed 105,213 Total identifiable net assets 15,726 Gain on bargain purchase (226 ) Total $ 15,500 The fair value amounts included in the table above, including those relating to income taxes, are preliminary estimates and are subject to adjustment but are not expected to be materially different than those shown. The Company estimated the fair value of non-impaired loans acquired from Atlas by utilizing a methodology wherein loans with comparable characteristics were aggregated by type of collateral, remainin