BUSINESS COMBINATIONS Mainland Bank On March 1, 2019, the Company completed the acquisition of Mainland Bank (Mainland) in Texas City, Texas. The Company acquired 100% of Mainlands outstanding common shares for an aggregate merger consideration of 763,849 shares of the Companys common stock, for a total of approximately $18.6 million . The acquisition of Mainland expanded the Companys branch footprint into the greater Houston, Texas market. After fair value adjustments, including total adjustments of approximately $1.1 million to loans and $0.3 million to other assets recorded in the three months ended March 31, 2020, the acquisition added $127.6 million in total assets, including $81.3 million in loans, and $107.6 million in deposits. As consideration paid was in excess of the net fair value of acquired assets, the Company recorded $5.2 million of goodwill. Goodwill resulted from a combination of synergies and cost savings, expansion into Texas with the addition of three branch locations, and enhanced products and services. The table below shows the allocation of the consideration paid for Mainlands common equity to the acquired identifiable assets and liabilities assumed and the goodwill generated from the transaction (dollars in thousands). Purchase price: Stock issued $ 18,637 Fair value of assets acquired: Cash and cash equivalents 38,365 Loans 81,336 Other real estate owned 1,507 Bank premises and equipment 2,550 Core deposit intangible asset 2,439 Other assets 1,414 Total assets acquired 127,611 Fair value of liabilities acquired: Deposits 107,646 Repurchase agreements 4,684 Other liabilities 1,883 Total liabilities assumed 114,213 Fair value of net assets acquired 13,398 Goodwill $ 5,239 Fair value adjustments to assets acquired and liabilities assumed are generally amortized using the effective yield method over periods consistent with the average life, useful life and/or contractual term of the related assets and liabilities. The fair value of net assets acquired includes a fair value adjustment to loans as of the acquisition date. The adjustment for the acquired loan portfolio is based on current market interest rates at the time of acquisition, and the Companys initial evaluation of credit losses identified. The contractually required principal and interest payments of the loans acquired from Mainland is $92.4 million . During the three months ended March 31, 2020 , and prior to the end of the one-year adjustment period following the acquisition of Mainland, certain loans were identified to be purchase credit impaired loans. These loans had a balance of $2.8 million at the time of acquisition. The total contractually required principal and interest payments of these loans are $3.1 million , of which $1.7 million is not expected to be collected. Bank of York On November 1, 2019, the Company completed the acquisition of Bank of York in York, Alabama. The Company acquired 100% of Bank of Yorks outstanding common shares for an aggregate merger consideration of $15.0 million . The acquisition of Bank of York expanded the Companys branch footprint into the west Alabama market. After fair value adjustments, the acquisition added $101.9 million in total assets, including $46.1 million in loans, and $85.0 million in deposits. As consideration paid was in excess of the net fair value of acquired assets, the Company recorded $4.3 million of goodwill. Goodwill resulted from a combination of synergies and cost savings, and expansion into Alabama with the addition of two branch locations. The table below shows the allocation of the consideration paid for Bank of Yorks common equity to the acquired identifiable assets and liabilities assumed and the goodwill generated from the transaction (dollars in thousands). The fair values listed below, primarily related to loans and deferred tax assets and liabilities, are subject to refinement for up to one year after the closing date of the acquisition as additional information becomes available. Purchase price: Cash paid $ 15,000 Fair value of assets acquired: Cash and cash equivalents 50,776 Investments 451 Loans 46,089 Bank premises and equipment 917 Core deposit intangible asset 931 Bank owned life insurance 2,429 Other assets 351 Total assets acquired 101,944 Fair value of liabilities acquired: Deposits 85,004 Repurchase agreements 5,641 Other liabilities 562 Total liabilities assumed 91,207 Fair value of net assets acquired 10,737 Goodwill $ 4,263 The fair value of net assets acquired includes a fair value adjustment to loans as of the acquisition date. The adjustment for the acquired loan portfolio is based on current market interest rates at the time of acquisition, and the Companys initial evaluation of credit losses identified. The total contractually required principal and interest payments of the loans acquired from Bank of York are $51.5 million . Loans acquired from Bank of York that are considered to be purchased credit impaired loans had a balance of $0.3 million at the time of acquisition. The total contractually required principal and interest payments of these loans are $0.3 million , of which $0.1 million is not expected to be collected. PlainsCapital On February 21, 2020, the Company completed the acquisition of the Alice and Victoria, Texas branch locations of PlainsCapital Bank (PlainsCapital), a wholly-owned subsidiary of Hilltop Holdings Inc., for an aggregate merger consideration of approximately $11.1 million . The acquisition added $48.7 million in total assets, including $45.3 million in loans, and $37.0 million in deposits. As consideration paid was in excess of the net fair value of acquired assets, the Company recorded $0.5 million of goodwill. Goodwill resulted from a combination of synergies and cost savings, and further expansion into south Texas with the addition of two branch locations. The table below shows the allocation of the consideration paid for certain assets, deposits and other liabilities associated with the Alice and Victoria, Texas locations of PlainsCapital and the goodwill generated from the transaction (dollars in thousands). The fair values listed below, primarily related to loans and deferred tax assets and liabilities, are subject to refinement for up to one year after the closing date of the acquisition as additional information becomes available. Purchase price: Cash paid $ 11,114 Fair value of assets acquired: Cash and cash equivalents 353 Loans 45,287 Bank premises and equipment 2,770 Core deposit intangible asset 170 Other assets 127 Total assets acquired 48,707 Fair value of liabilities acquired: Deposits 36,973 Other liabilities 1,084 Total liabilities assumed 38,057 Fair value of net assets acquired 10,650 Goodwill $ 464 The fair value of net assets acquired includes a fair value adjustment to loans as of the acquisition date. The adjustment for the acquired loan portfolio is based on current market interest rates at the time of acquisition, and the Companys initial evaluation of credit losses identified. The contractually required principal and interest payments of the loans acquired from PlainsCapital is $51.3 million . No loans acquired from PlainsCapital were considered to be purchased credit impaired loans. Acquisition Expense Acquisition related costs of $0.8 million are included in acquisition expenses in the accompanying consolidated statement of income for the three months ended March 31, 2020 . These costs include system conversion and integrating operations charges as well as legal and consulting expenses primarily related to the acquisition of two branches from PlainsCapital.