Included in the sale of three retail banking branches from Integra Bank NA, Evansville, Ind., to United Community Bank, Lawrenceburg, Ind., was approximately $10.7 million in commercial and residential mortgage loans that were originated in other Integra offices. There were also $35 million of branch loans sold in the transaction, which involved offices located in Milan, Osgood and Versailles, Ind. The loans were purchased at par value. United Community assumed $53.3 million of deposits for a 4.5% premium. The sale increased Integra's tier I and total risk-based capital ratios by approximately 32 basis points and the tier 1 leverage ratio increased by approximately 22 basis points.
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