Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 25, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'SIMMONS FIRST NATIONAL CORP | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 16,202,435 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000090498 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheets_Cu
Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and non-interest bearing balances due from banks | $37,752 | $47,470 |
Interest bearing balances due from banks | 320,368 | 467,984 |
Federal funds sold | 18,365 | 22,343 |
Cash and cash equivalents | 376,485 | 537,797 |
Investment securities | 761,705 | 687,483 |
Mortgage loans held for sale | 10,605 | 25,367 |
Assets held in trading accounts | 8,744 | 6,224 |
Loans: | ' | ' |
Loans | 1,741,161 | 1,628,513 |
Allowance for loan losses | -27,533 | -27,882 |
Loans acquired, not covered by FDIC loss share (net of discount) | 68,133 | 82,764 |
Loans acquired, covered by FDIC loss share (net of discount) | 148,884 | 210,842 |
Net loans | 1,930,645 | 1,894,237 |
FDIC indemnification asset | 61,500 | 75,286 |
Premises and equipment | 87,065 | 87,557 |
Foreclosed assets | 26,203 | 33,352 |
Foreclosed assets covered by FDIC loss share | 23,260 | 27,620 |
Interest receivable | 15,635 | 14,530 |
Bank owned life insurance | 60,040 | 52,066 |
Goodwill | 60,605 | 60,605 |
Other intangible assets | 5,420 | 3,760 |
Other assets | 13,797 | 21,605 |
Total assets | 3,441,709 | 3,527,489 |
Deposits: | ' | ' |
Non-interest bearing transaction accounts | 580,063 | 576,655 |
Interest bearing transaction accounts and savings deposits | 1,453,139 | 1,421,137 |
Time deposits | 805,596 | 876,371 |
Total deposits | 2,838,798 | 2,874,163 |
Federal funds purchased and securities sold under agreements to repurchase | 62,311 | 104,078 |
Other borrowings | 75,987 | 89,441 |
Subordinated debentures | 20,620 | 20,620 |
Accrued interest and other liabilities | 40,959 | 33,125 |
Total liabilities | 3,038,675 | 3,121,427 |
Preferred stock, $0.01 par value; 40,040,000 shares authorized and unissued at September 30, 2013 and December 31, 2012 | 0 | 0 |
Common stock, Class A, $0.01 par value; 60,000,000 shares authorized; 16,198,964 and 16,542,778 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 162 | 165 |
Surplus | 87,279 | 96,587 |
Undivided profits | 318,194 | 309,053 |
Accumulated other comprehensive (loss) income | -2,601 | 257 |
Total stockholders’ equity | 403,034 | 406,062 |
Total liabilities and stockholders’ equity | $3,441,709 | $3,527,489 |
Consolidated_Balance_Sheets_Cu1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 40,040,000 | 40,040,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock Class A par value (in Dollars per share) | $0.01 | $0.01 |
Common stock Class A shares authorized | 60,000,000 | 60,000,000 |
Common stock Class A shares issued | 16,198,964 | 16,542,778 |
Common stock Class A shares outstanding | 16,198,964 | 16,542,778 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
INTEREST INCOME | ' | ' | ' | ' |
Loans not covered by FDIC loss share | $23,483,000 | $23,192,000 | $69,781,000 | $67,822,000 |
Loans covered by FDIC loss share | 7,132,000 | 5,041,000 | 19,776,000 | 16,009,000 |
Federal funds sold | 6,000 | 2,000 | 14,000 | 4,000 |
Investment securities | 3,428,000 | 3,027,000 | 9,349,000 | 9,615,000 |
Mortgage loans held for sale | 122,000 | 171,000 | 395,000 | 487,000 |
Assets held in trading accounts | 6,000 | 12,000 | 23,000 | 37,000 |
Interest bearing balances due from banks | 234,000 | 267,000 | 875,000 | 919,000 |
TOTAL INTEREST INCOME | 34,411,000 | 31,712,000 | 100,213,000 | 94,893,000 |
INTEREST EXPENSE | ' | ' | ' | ' |
Deposits | 1,993,000 | 2,521,000 | 6,274,000 | 8,165,000 |
Federal funds purchased and securities sold under agreements to repurchase | 46,000 | 69,000 | 165,000 | 248,000 |
Other borrowings | 646,000 | 792,000 | 2,072,000 | 2,406,000 |
Subordinated debentures | 162,000 | 389,000 | 483,000 | 1,166,000 |
TOTAL INTEREST EXPENSE | 2,847,000 | 3,771,000 | 8,994,000 | 11,985,000 |
NET INTEREST INCOME | 31,564,000 | 27,941,000 | 91,219,000 | 82,908,000 |
Provision for loan losses | 1,081,000 | 1,299,000 | 3,034,000 | 2,846,000 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 30,483,000 | 26,642,000 | 88,185,000 | 80,062,000 |
NON-INTEREST INCOME | ' | ' | ' | ' |
Trust income | 1,448,000 | 1,440,000 | 4,234,000 | 3,988,000 |
Service charges on deposit accounts | 4,603,000 | 4,368,000 | 13,318,000 | 12,163,000 |
Other service charges and fees | 728,000 | 684,000 | 2,294,000 | 2,211,000 |
Mortgage lending income | 1,122,000 | 1,705,000 | 3,677,000 | 4,441,000 |
Investment banking income | 240,000 | 560,000 | 1,390,000 | 1,700,000 |
Credit card fees | 4,400,000 | 4,104,000 | 12,779,000 | 12,390,000 |
Bank owned life insurance income | 328,000 | 355,000 | 974,000 | 1,078,000 |
Gain on FDIC-assisted transactions | ' | 1,120,000 | ' | 1,120,000 |
Loss on sale of securities | 0 | 0 | -193,000 | 0 |
Net (loss) gain on assets covered by FDIC loss share agreements | -3,443,000 | -2,689,000 | -8,200,000 | -7,507,000 |
Other income | 887,000 | 165,000 | 2,626,000 | 2,037,000 |
TOTAL NON-INTEREST INCOME | 10,313,000 | 11,812,000 | 32,899,000 | 33,621,000 |
NON-INTEREST EXPENSE | ' | ' | ' | ' |
Salaries and employee benefits | 17,701,000 | 15,911,000 | 54,146,000 | 49,323,000 |
Occupancy expense, net | 2,485,000 | 2,182,000 | 7,490,000 | 6,291,000 |
Furniture and equipment expense | 1,613,000 | 1,835,000 | 5,367,000 | 5,047,000 |
Other real estate and foreclosure expense | 385,000 | 280,000 | 775,000 | 681,000 |
Deposit insurance | 595,000 | 444,000 | 1,862,000 | 1,472,000 |
Merger related costs | 190,000 | 815,000 | -37,000 | 815,000 |
Other operating expenses | 7,934,000 | 7,219,000 | 23,529,000 | 21,928,000 |
TOTAL NON-INTEREST EXPENSE | 30,903,000 | 28,686,000 | 93,132,000 | 85,557,000 |
INCOME BEFORE INCOME TAXES | 9,893,000 | 9,768,000 | 27,952,000 | 28,126,000 |
Provision for income taxes | 2,961,000 | 3,008,000 | 8,507,000 | 8,475,000 |
NET INCOME | $6,932,000 | $6,760,000 | $19,445,000 | $19,651,000 |
BASIC EARNINGS PER SHARE (in Dollars per share) | $0.43 | $0.41 | $1.19 | $1.16 |
DILUTED EARNINGS PER SHARE (in Dollars per share) | $0.43 | $0.41 | $1.19 | $1.16 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
NET INCOME | $6,932 | $6,760 | $19,445 | $19,651 |
OTHER COMPREHENSIVE INCOME | ' | ' | ' | ' |
Unrealized holding (losses) gains arising during the period on available-for-sale securities | -314 | 133 | -4,896 | 235 |
Less: Reclassification adjustment for realized losses included in net income | ' | ' | -193 | ' |
Other comprehensive (loss) gain, before tax effect | -314 | 133 | -4,703 | 235 |
Less: Tax effect of other comprehensive (loss) gain | -123 | 52 | -1,845 | 92 |
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME | -191 | 81 | -2,858 | 143 |
COMPREHENSIVE INCOME | $6,741 | $6,841 | $16,587 | $19,794 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
OPERATING ACTIVITIES | ' | ' |
Net income | $19,445,000 | $19,651,000 |
Items not requiring (providing) cash: | ' | ' |
Depreciation and amortization | 4,416,000 | 4,116,000 |
Provision for loan losses | 3,034,000 | 2,846,000 |
Net accretion of investment securities and assets not covered by FDIC loss share | -389,000 | -112,000 |
Stock-based compensation expense | 1,039,000 | 1,065,000 |
Net accretion on assets covered by FDIC loss share | -4,553,000 | -1,912,000 |
Gain on FDIC-assisted transactions | ' | -1,120,000 |
Deferred income taxes | -2,274,000 | 86,000 |
Loss on sale of investments | 193,000 | ' |
Bank owned life insurance income | -974,000 | -1,078,000 |
Changes in: | ' | ' |
Interest receivable | -1,078,000 | -127,000 |
Mortgage loans held for sale | 14,762,000 | -1,004,000 |
Assets held in trading accounts | -2,520,000 | 539,000 |
Other assets | 1,594,000 | -2,143,000 |
Accrued expenses and other liabilities | -1,680,000 | 5,750,000 |
Income taxes payable | -462,000 | -2,575,000 |
Net cash provided by operating activities | 30,553,000 | 23,982,000 |
INVESTING ACTIVITIES | ' | ' |
Net originations of loans | -97,444,000 | -52,392,000 |
Net collections of loans covered by FDIC loss share | 68,674,000 | 51,922,000 |
Purchases of premises and equipment, net | -3,516,000 | -1,988,000 |
Proceeds from sale of foreclosed assets held for sale | 12,943,000 | 5,296,000 |
Proceeds from sale of foreclosed assets held for sale, covered by FDIC loss share | 11,684,000 | 10,000,000 |
Proceeds from sale of available-for-sale securities | 16,029,000 | 813,000 |
Proceeds from maturities of available-for-sale securities | 53,144,000 | 236,921,000 |
Purchases of available-for-sale securities | -60,848,000 | -246,929,000 |
Proceeds from maturities of held-to-maturity securities | 113,289,000 | 512,920,000 |
Purchases of held-to-maturity securities | -199,201,000 | -497,955,000 |
Purchase of bank owned life insurance | -7,000,000 | -25,000 |
Net cash proceeds received in FDIC-assisted transactions | ' | 44,015,000 |
Cash received on FDIC loss share | 11,621,000 | 12,553,000 |
Net cash (used in) provided by investing activities | -80,625,000 | 75,151,000 |
FINANCING ACTIVITIES | ' | ' |
Net change in deposits | -35,365,000 | -83,655,000 |
Dividends paid | -10,304,000 | -10,172,000 |
Net change in other borrowed funds | -13,454,000 | -1,318,000 |
Net change in federal funds purchased and securities sold under agreements to repurchase | -41,767,000 | -71,393,000 |
Net shares issued under stock compensation plans | 498,000 | 324,000 |
Repurchase of common stock | -10,848,000 | -14,674,000 |
Net cash used in financing activities | -111,240,000 | -180,888,000 |
DECREASE IN CASH AND CASH EQUIVALENTS | -161,312,000 | -81,755,000 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 537,797,000 | 570,206,000 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $376,485,000 | $488,451,000 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders’ Equity (September 30, 2013 and 2012 Unaudited) (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Total |
In Thousands, unless otherwise specified | |||||
Balance at Dec. 31, 2011 | $172 | $112,436 | $439 | $294,864 | $407,911 |
Comprehensive income: | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | 19,651 | 19,651 |
Change in unrealized appreciation on available-for-sale securities, net of income taxes | ' | ' | 143 | ' | 143 |
Comprehensive income | ' | ' | ' | ' | 19,794 |
Stock issued as bonus shares | 1 | 191 | ' | ' | 192 |
Vesting bonus shares | ' | 998 | ' | ' | 998 |
Stock issued for employee stock purchase plan | ' | 132 | ' | ' | 132 |
Stock granted under stock-based compensation plans | ' | 67 | ' | ' | 67 |
Repurchase of common stock | -6 | -14,668 | ' | ' | -14,674 |
Cash Dividends | ' | ' | ' | -10,172 | -10,172 |
Balance at Sep. 30, 2012 | 167 | 99,156 | 582 | 304,343 | 404,248 |
Comprehensive income: | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | 8,033 | 8,033 |
Change in unrealized appreciation on available-for-sale securities, net of income taxes | ' | ' | -325 | ' | -325 |
Comprehensive income | ' | ' | ' | ' | 7,708 |
Vesting bonus shares | ' | 307 | ' | ' | 307 |
Stock granted under stock-based compensation plans | ' | 16 | ' | ' | 16 |
Repurchase of common stock | -2 | -2,892 | ' | ' | -2,894 |
Cash Dividends | ' | ' | ' | -3,323 | -3,323 |
Balance at Dec. 31, 2012 | 165 | 96,587 | 257 | 309,053 | 406,062 |
Comprehensive income: | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | 19,445 | 19,445 |
Change in unrealized appreciation on available-for-sale securities, net of income taxes | ' | ' | -2,858 | ' | -2,858 |
Comprehensive income | ' | ' | ' | ' | 16,587 |
Stock issued as bonus shares | 1 | 228 | ' | ' | 229 |
Vesting bonus shares | ' | 1,012 | ' | ' | 1,012 |
Stock issued for employee stock purchase plan | ' | 126 | ' | ' | 126 |
Exercise of stock options – 6,000 shares | ' | 143 | ' | ' | 143 |
Stock granted under stock-based compensation plans | ' | 27 | ' | ' | 27 |
Repurchase of common stock | -4 | -10,844 | ' | ' | -10,848 |
Cash Dividends | ' | ' | ' | -10,304 | -10,304 |
Balance at Sep. 30, 2013 | $162 | $87,279 | ($2,601) | $318,194 | $403,034 |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders’ Equity (September 30, 2013 and 2012 Unaudited) (Parentheticals) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Exercise of stock options, shares | ' | 6,000 | 0 |
Common Stock [Member] | ' | ' | ' |
Stock issued as bonus, shares | ' | 64,506 | 51,245 |
Stock issued for employee stock purchase plan – shares | ' | 5,244 | 5,103 |
Repurchase of common stock - Shares | 117,500 | 419,564 | 608,387 |
Exercise of stock options, shares | ' | 6,000 | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' |
Change in unrealized appreciation on available-for-sale securities, income taxes (in Dollars) | -209 | 1,845 | 92 |
Retained Earnings [Member] | ' | ' | ' |
Cash Dividends, per share (in Dollars per share) | 0.2 | 0.63 | 0.6 |
Note_1_Basis_of_Presentation
Note 1 - Basis of Presentation | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' | ||||||||||||||||
NOTE 1: | BASIS OF PRESENTATION | ||||||||||||||||
The consolidated financial statements include the accounts of Simmons First National Corporation (the “Company”) and its subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation. | |||||||||||||||||
All adjustments made to the unaudited financial statements were of a normal recurring nature. In the opinion of management, all adjustments necessary for a fair presentation of the results of interim periods have been made. Certain prior year amounts are reclassified to conform to current year classification. The consolidated balance sheet of the Company as of December 31, 2012, has been derived from the audited consolidated balance sheet of the Company as of that date. The results of operations for the period are not necessarily indicative of the results to be expected for the full year. | |||||||||||||||||
Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10-K Annual Report for 2012 filed with the U.S. Securities and Exchange Commission (the “SEC”). | |||||||||||||||||
Recently Issued Accounting Pronouncements | |||||||||||||||||
In July 2012, the FASB issued ASU 2012-02, Intangibles – Goodwill and Other (Topic 350) – Testing Indefinite-Lived Intangible Assets for Impairment. ASU 2012-02 amends the guidance related to testing indefinite-lived intangible assets, other than goodwill, for impairment. The provisions of ASU 2012-02 allow for a qualitative assessment in testing an indefinite-lived intangible asset for impairment before calculating the fair value of the asset. If the qualitative assessment determines that it is more likely than not that the asset is impaired, then a quantitative assessment of the fair value of the asset is required; otherwise, the quantitative calculation is not necessary. The provisions of ASU 2012-02 became effective for the Company on January 1, 2013, and did not have a significant impact on the Company’s ongoing financial position or results of operations. | |||||||||||||||||
In October, 2012, the FASB issued ASU 2012-06, Business Combinations (Topic 805) – Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution. ASU 2012-06 amends guidance on the subsequent accounting for an indemnification asset recognized at the acquisition date as a result of a government assisted acquisition of a financial institution. ASU 2012-06 requires that a subsequent adjustment to the indemnification asset be measured on the same basis as the underlying indemnified assets. Any amortization of changes in value of the indemnification asset should be limited to the lesser of the term of the indemnification agreement and the remaining life of the indemnified assets. ASU 2012-06 became effective for the Company on January 1, 2013. Because the Company has historically accounted for its indemnification assets in accordance with ASU 2012-06, its adoption did not have a significant impact on the Company’s financial position or results of operations. | |||||||||||||||||
In February, 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220) – Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU 2013-02 requires disclosure of amounts reclassified out of accumulated other comprehensive income in their entirety, by component, on the face of the statement of comprehensive income or in the notes to the financial statements. Amounts that are not required to be classified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail. ASU 2013-02 became effective prospectively for the Company on January 1, 2013, and did not have a significant impact on the Company's financial position or results of operations. | |||||||||||||||||
There have been no other significant changes to the Company’s accounting policies from the 2012 Form 10-K. Presently, the Company is not aware of any other changes to the Accounting Standards Codification that will have a material impact on the Company’s present or future financial position or results of operations. | |||||||||||||||||
Acquisition Accounting, Covered Loans and Related Indemnification Asset | |||||||||||||||||
The Company accounts for its acquisitions under ASC Topic 805, Business Combinations, which requires the use of the purchase method of accounting. All identifiable assets acquired, including loans, are recorded at fair value. No allowance for loan losses related to the acquired loans is recorded on the acquisition date as the fair value of the loans acquired incorporates assumptions regarding credit risk. Loans acquired are recorded at fair value in accordance with the fair value methodology prescribed in ASC Topic 820, exclusive of the shared loss agreements with the FDIC, if any. The fair value estimates associated with the loans include estimates related to expected prepayments and the amount and timing of undiscounted expected principal, interest and other cash flows. | |||||||||||||||||
Over the life of the acquired loans, the Company continues to estimate cash flows expected to be collected on individual loans or on pools of loans sharing common risk characteristics and were treated in the aggregate when applying various valuation techniques. The Company evaluates at each balance sheet date whether the present value of its loans determined using the effective interest rates has decreased and if so, recognizes a provision for loan loss in its consolidated statement of income. For any increases in cash flows expected to be collected, the Company adjusts the amount of accretable yield recognized on a prospective basis over the loan’s or pool’s remaining life. | |||||||||||||||||
Because the FDIC will reimburse the Company for losses incurred on certain acquired loans, an indemnification asset is recorded at fair value at the acquisition date. The indemnification asset is recognized at the same time as the indemnified loans, and measured on the same basis, subject to collectability or contractual limitations. The shared-loss agreements on the acquisition date reflect the reimbursements expected to be received from the FDIC, using an appropriate discount rate, which reflects counterparty credit risk and other uncertainties. | |||||||||||||||||
The shared-loss agreements continue to be measured on the same basis as the related indemnified loans. Because the acquired loans are subject to the accounting prescribed by ASC Topic 310, subsequent changes to the basis of the shared-loss agreements also follow that model. Deterioration in the credit quality of the loans (immediately recorded as an adjustment to the allowance for loan losses) would immediately increase the basis of the shared-loss agreements, with the offset recorded through the consolidated statement of income. Increases in the credit quality or cash flows of loans (reflected as an adjustment to yield and accreted into income over the remaining life of the loans) decrease the basis of the shared-loss agreements, with such decrease being accreted into income over 1) the same period or 2) the life of the shared-loss agreements, whichever is shorter. Loss assumptions used in the basis of the indemnified loans are consistent with the loss assumptions used to measure the indemnification asset. Fair value accounting incorporates into the fair value of the indemnification asset an element of the time value of money, which is accreted back into income over the life of the shared-loss agreements. | |||||||||||||||||
Upon the determination of an incurred loss the indemnification asset will be reduced by the amount owed by the FDIC. A corresponding, claim receivable is recorded until cash is received from the FDIC. For further discussion of the Company’s acquisition and loan accounting, see Note 5, Loans Acquired. | |||||||||||||||||
Earnings Per Share (“EPS) | |||||||||||||||||
Basic EPS is computed by dividing reported net income by weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income by the weighted average common shares and all potential dilutive common shares outstanding during the period. | |||||||||||||||||
Following is the computation of per share earnings for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Net income | $ | 6,932 | $ | 6,760 | $ | 19,445 | $ | 19,651 | |||||||||
Average common shares outstanding | 16,220 | 16,757 | 16,383 | 17,005 | |||||||||||||
Average potential dilutive common shares | 5 | 3 | 5 | 3 | |||||||||||||
Average diluted common shares | 16,225 | 16,760 | 16,388 | 17,008 | |||||||||||||
Basic earnings per share | $ | 0.43 | $ | 0.41 | $ | 1.19 | $ | 1.16 | |||||||||
Diluted earnings per share | $ | 0.43 | $ | 0.41 | $ | 1.19 | $ | 1.16 | |||||||||
Stock options to purchase 138,528 and 177,870 shares for the three and nine months ended September 30, 2013 and 2012, respectively, were not included in the diluted EPS calculation because the exercise price of those options exceeded the average market price. | |||||||||||||||||
Note_2_Pending_Acquisition
Note 2 - Pending Acquisition | 9 Months Ended | |
Sep. 30, 2013 | ||
Disclosure Text Block Supplement [Abstract] | ' | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | ' | |
NOTE 2: | PENDING ACQUISITION | |
On September 12, 2013, the Company issued a press release announcing the U.S. Bankruptcy Court approved a Stock Purchase Agreement (the “Agreement”) between the Company and Rogers Bancshares, Inc. (“RBI”) for the stock of Metropolitan National Bank (“Metropolitan”). The Company will purchase all of the issued and outstanding shares of common stock free and clear of all liens, claims and encumbrances, and assumes no liabilities of RBI. Under the terms of the Agreement, RBI will receive $53.6 million in cash. The Company will fund the transaction with $46 million in unsecured debt from correspondent banks with a 3.25% floating rate to be repaid in three years or less. | ||
The transaction is expected to close during the fourth quarter of 2013 and is subject to customary regulatory approval. Upon completion of the transaction, the combined company will have approximately $4.4 billion in total assets, $3.7 billion in deposits and $2.3 billion in net loans. | ||
Note_3_Investment_Securities
Note 3 - Investment Securities | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
NOTE 3: | INVESTMENT SECURITIES | ||||||||||||||||||||||||||||||||
The amortized cost and fair value of investment securities that are classified as held-to-maturity and available-for-sale are as follows: | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
(In thousands) | Amortized | Gross | Gross Unrealized | Estimated | Amortized | Gross | Gross Unrealized | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | (Losses) | Fair | Cost | Unrealized | (Losses) | Fair | ||||||||||||||||||||||||||
Gains | Value | Gains | Value | ||||||||||||||||||||||||||||||
Held-to-Maturity | |||||||||||||||||||||||||||||||||
U.S. Government agencies | $ | 313,052 | $ | 23 | $ | (8,580 | ) | $ | 304,495 | $ | 288,098 | $ | 135 | $ | (679 | ) | $ | 287,554 | |||||||||||||||
Mortgage-backed securities | 41 | 1 | - | 42 | 49 | 1 | - | 50 | |||||||||||||||||||||||||
State and political subdivisions | 268,055 | 2,548 | (5,057 | ) | 265,546 | 207,374 | 5,140 | (160 | ) | 212,354 | |||||||||||||||||||||||
Other securities | 620 | - | - | 620 | 620 | - | - | 620 | |||||||||||||||||||||||||
Total HTM | $ | 581,768 | $ | 2,572 | $ | (13,637 | ) | $ | 570,703 | $ | 496,141 | $ | 5,276 | $ | (839 | ) | $ | 500,578 | |||||||||||||||
Available-for-Sale | |||||||||||||||||||||||||||||||||
U.S. Government agencies | $ | 168,055 | $ | 4 | $ | (4,932 | ) | $ | 163,127 | $ | 152,708 | $ | 65 | $ | (292 | ) | $ | 152,481 | |||||||||||||||
Mortgage-backed securities | 1,811 | 183 | - | 1,994 | 20,436 | 287 | (89 | ) | 20,634 | ||||||||||||||||||||||||
State and political subdivisions | 1,268 | - | (5 | ) | 1,263 | 2,989 | - | (1 | ) | 2,988 | |||||||||||||||||||||||
Other securities | 13,082 | 471 | - | 13,553 | 14,787 | 456 | (4 | ) | 15,239 | ||||||||||||||||||||||||
Total AFS | $ | 184,216 | $ | 658 | $ | -4,937 | $ | 179,937 | $ | 190,920 | $ | 808 | $ | (386 | ) | $ | 191,342 | ||||||||||||||||
Certain investment securities are valued at less than their historical cost. These declines primarily resulted from the rate for these investments yielding less than current market rates. Based on evaluation of available evidence, management believes the declines in fair value for these securities are temporary. Management does not have the intent to sell these securities and management believes it is more likely than not the Company will not have to sell these securities before recovery of their amortized cost basis less any current period credit losses. Should the impairment of any of these securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. | |||||||||||||||||||||||||||||||||
As of September 30, 2013, securities with unrealized losses, segregated by length of impairment, were as follows: | |||||||||||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||
(In thousands) | Estimated | Gross | Estimated | Gross | Estimated | Gross | |||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
Held-to-Maturity | |||||||||||||||||||||||||||||||||
U.S. Government agencies | $ | 289,718 | $ | (8,334 | ) | $ | 8,754 | $ | (246 | ) | $ | 298,472 | $ | (8,580 | ) | ||||||||||||||||||
State and political subdivisions | 88,357 | (5,024 | ) | 1,590 | (334 | ) | 89,947 | (5,057 | ) | ||||||||||||||||||||||||
Total HTM | $ | 378,075 | $ | (13,358 | ) | $ | 10,344 | $ | (279 | ) | $ | 388,419 | $ | (13,637 | ) | ||||||||||||||||||
Available-for-Sale | |||||||||||||||||||||||||||||||||
U.S. Government agencies | $ | 154,760 | $ | (4,904 | ) | $ | 973 | $ | (28 | ) | $ | 155,733 | $ | (4,932 | ) | ||||||||||||||||||
State and political subdivisions | 1,213 | (5 | ) | - | - | 1,213 | (5 | ) | |||||||||||||||||||||||||
Total AFS | $ | 155,973 | $ | (4,909 | ) | $ | 973 | $ | (28 | ) | $ | 156,946 | $ | (4,937 | ) | ||||||||||||||||||
Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, and (iii) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. | |||||||||||||||||||||||||||||||||
Management has the ability and intent to hold the securities classified as held to maturity until they mature, at which time the Company expects to receive full value for the securities. Furthermore, as of September 30, 2013, management also had the ability and intent to hold the securities classified as available-for-sale for a period of time sufficient for a recovery of cost. The unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the bonds approach their maturity date or repricing date or if market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of credit quality. Accordingly, as of September 30, 2013, management believes the impairments detailed in the table above are temporary. | |||||||||||||||||||||||||||||||||
The carrying value, which approximates the fair value, of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $476.3 million at September 30, 2013, and $434.8 million at December 31, 2012. | |||||||||||||||||||||||||||||||||
The book value of securities sold under agreements to repurchase equaled $58.1 million and $58.8 million for September 30, 2013, and December 31, 2012, respectively. | |||||||||||||||||||||||||||||||||
Income earned on securities for the three and nine months ended September 30, 2013 and 2012, is as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||
Taxable: | |||||||||||||||||||||||||||||||||
Held-to-maturity | $ | 818 | $ | 707 | $ | 2,281 | $ | 2,389 | |||||||||||||||||||||||||
Available-for-sale | 540 | 514 | 1,605 | 1,624 | |||||||||||||||||||||||||||||
Non-taxable: | |||||||||||||||||||||||||||||||||
Held-to-maturity | 2,066 | 1,806 | 5,450 | 5,602 | |||||||||||||||||||||||||||||
Available-for-sale | 4 | - | 13 | - | |||||||||||||||||||||||||||||
Total | $ | 3,428 | $ | 3,027 | $ | 9,349 | $ | 9,615 | |||||||||||||||||||||||||
Maturities of investment securities at September 30, 2013, are as follows: | |||||||||||||||||||||||||||||||||
Held-to-Maturity | Available-for-Sale | ||||||||||||||||||||||||||||||||
(In thousands) | Amortized | Fair | Amortized | Fair | |||||||||||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||||||||||
One year or less | $ | 29,360 | $ | 29,432 | $ | 350 | $ | 350 | |||||||||||||||||||||||||
After one through five years | 194,855 | 193,353 | 60,734 | 60,389 | |||||||||||||||||||||||||||||
After five through ten years | 227,380 | 220,876 | 109,091 | 104,589 | |||||||||||||||||||||||||||||
After ten years | 129,553 | 126,422 | 959 | 1,056 | |||||||||||||||||||||||||||||
Other securities | 620 | 620 | 13,082 | 13,553 | |||||||||||||||||||||||||||||
Total | $ | 581,768 | $ | 570,703 | $ | 184,216 | $ | 179,937 | |||||||||||||||||||||||||
There were no realized gains and realized losses of $193,000 on investment securities for the three and nine months ended September 30, 2013. There were no realized gains or losses on investment securities for the three and nine months ended September 30, 2012. | |||||||||||||||||||||||||||||||||
The state and political subdivision debt obligations are primarily non-rated bonds and represent small, Arkansas and Texas issues, which are evaluated on an ongoing basis. | |||||||||||||||||||||||||||||||||
Note_4_Loans_and_Allowance_for
Note 4 - Loans and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||
NOTE 4: | LOANS AND ALLOWANCE FOR LOAN LOSSES | ||||||||||||||||||||||||||||||||||||
At September 30, 2013, the Company’s loan portfolio was $1.96 billion, compared to $1.92 billion at December 31, 2012. The various categories of loans are summarized as follows: | |||||||||||||||||||||||||||||||||||||
(In thousands) | September 30, | December 31, | |||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 177,463 | $ | 185,536 | |||||||||||||||||||||||||||||||||
Student loans | 28,392 | 34,145 | |||||||||||||||||||||||||||||||||||
Other consumer | 101,399 | 105,319 | |||||||||||||||||||||||||||||||||||
Total consumer | 307,254 | 325,000 | |||||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||||||
Construction | 161,024 | 138,132 | |||||||||||||||||||||||||||||||||||
Single family residential | 375,703 | 356,907 | |||||||||||||||||||||||||||||||||||
Other commercial | 602,463 | 568,166 | |||||||||||||||||||||||||||||||||||
Total real estate | 1,139,190 | 1,063,205 | |||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 154,508 | 141,336 | |||||||||||||||||||||||||||||||||||
Agricultural | 135,633 | 93,805 | |||||||||||||||||||||||||||||||||||
Total commercial | 290,141 | 235,141 | |||||||||||||||||||||||||||||||||||
Other | 4,576 | 5,167 | |||||||||||||||||||||||||||||||||||
Loans | 1,741,161 | 1,628,513 | |||||||||||||||||||||||||||||||||||
Loans acquired, covered by FDIC loss share (net of discount) | 148,884 | 210,842 | |||||||||||||||||||||||||||||||||||
Loans acquired, not covered by FDIC loss share (net of discount) | 68,133 | 82,764 | |||||||||||||||||||||||||||||||||||
Total loans before allowance for loan losses | $ | 1,958,178 | $ | 1,922,119 | |||||||||||||||||||||||||||||||||
Loan Origination/Risk Management – The Company seeks to manage its credit risk by diversifying its loan portfolio, determining that borrowers have adequate sources of cash flow for loan repayment without liquidation of collateral; obtaining and monitoring collateral; providing an adequate allowance for loans losses by regularly reviewing loans through the internal loan review process. The loan portfolio is diversified by borrower, purpose and industry. The Company seeks to use diversification within the loan portfolio to reduce its credit risk, thereby minimizing the adverse impact on the portfolio, if weaknesses develop in either the economy or a particular segment of borrowers. Collateral requirements are based on credit assessments of borrowers and may be used to recover the debt in case of default. | |||||||||||||||||||||||||||||||||||||
Consumer – The consumer loan portfolio consists of credit card loans, student loans and other consumer loans. The Company no longer originates student loans, and the current portfolio is guaranteed by the Department of Education at 97% of principal and interest. Credit card loans are diversified by geographic region to reduce credit risk and minimize any adverse impact on the portfolio. Although they are regularly reviewed to facilitate the identification and monitoring of creditworthiness, credit card loans are unsecured loans, making them more susceptible to be impacted by economic downturns resulting in increasing unemployment. Other consumer loans include direct and indirect installment loans and overdrafts. Loans in this portfolio segment are sensitive to unemployment and other key consumer economic measures. | |||||||||||||||||||||||||||||||||||||
Real estate – The real estate loan portfolio consists of construction loans, single family residential loans and commercial loans. Construction and development loans (“C&D”) and commercial real estate loans (“CRE”) can be particularly sensitive to valuation of real estate. Commercial real estate cycles are inevitable. The long planning and production process for new properties and rapid shifts in business conditions and employment create an inherent tension between supply and demand for commercial properties. While general economic trends often move individual markets in the same direction over time, the timing and magnitude of changes are determined by other forces unique to each market. CRE cycles tend to be local in nature and longer than other credit cycles. Factors influencing the CRE market are traditionally different from those affecting residential real estate markets; thereby making predictions for one market based on the other difficult. Additionally, submarkets within commercial real estate – such as office, industrial, apartment, retail and hotel – also experience different cycles, providing an opportunity to lower the overall risk through diversification across types of CRE loans. Management realizes that local demand and supply conditions will also mean that different geographic areas will experience cycles of different amplitude and length. The Company monitors these loans closely and has no significant concentrations in its real estate loan portfolio. | |||||||||||||||||||||||||||||||||||||
Commercial – The commercial loan portfolio includes commercial and agricultural loans, representing loans to commercial customers and farmers for use in normal business or farming operations to finance working capital needs, equipment purchase or other expansion projects. Collection risk in this portfolio is driven by the creditworthiness of the underlying borrowers, particularly cash flow from customers’ business or farming operations. The Company continues its efforts to keep loan terms short, reducing the potential negative impact of upward movement in interest rates. Term loans are generally set up with a one or three year balloon, and the Company has recently instituted a pricing mechanism for commercial loans. It is standard practice to require personal guaranties on all commercial loans, particularly as they relate to closely-held or limited liability entities. | |||||||||||||||||||||||||||||||||||||
Nonaccrual and Past Due Loans – Loans are considered past due if the required principal and interest payments have not been received as of 30 days from the date such payments were due. Loans are placed on nonaccrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||||||||||||||||||||||||||||
Nonaccrual loans, excluding loans acquired, segregated by class of loans, are as follows: | |||||||||||||||||||||||||||||||||||||
(In thousands) | September 30, | December 31, | |||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 336 | $ | 281 | |||||||||||||||||||||||||||||||||
Student Loans | - | - | |||||||||||||||||||||||||||||||||||
Other consumer | 683 | 801 | |||||||||||||||||||||||||||||||||||
Total consumer | 1,019 | 1,082 | |||||||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 102 | 463 | |||||||||||||||||||||||||||||||||||
Single family residential | 2,105 | 2,706 | |||||||||||||||||||||||||||||||||||
Other commercial | 2,225 | 4,254 | |||||||||||||||||||||||||||||||||||
Total real estate | 4,432 | 7,423 | |||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 448 | 471 | |||||||||||||||||||||||||||||||||||
Agricultural | 76 | 147 | |||||||||||||||||||||||||||||||||||
Total commercial | 524 | 618 | |||||||||||||||||||||||||||||||||||
Total | $ | 5,975 | $ | 9,123 | |||||||||||||||||||||||||||||||||
An age analysis of past due loans, excluding loans acquired, segregated by class of loans, is as follows: | |||||||||||||||||||||||||||||||||||||
(In thousands) | Gross | 90 Days | Total | Current | Total | 90 Days | |||||||||||||||||||||||||||||||
30-89 Days | or More | Past Due | Loans | Past Due & | |||||||||||||||||||||||||||||||||
Past Due | Past Due | Accruing | |||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 687 | $ | 520 | $ | 1,207 | $ | 176,256 | $ | 177,463 | $ | 184 | |||||||||||||||||||||||||
Student loans | 1,705 | 2,966 | 4,671 | 23,721 | 28,392 | 2,966 | |||||||||||||||||||||||||||||||
Other consumer | 953 | 381 | 1,334 | 100,065 | 101,399 | 99 | |||||||||||||||||||||||||||||||
Total consumer | 3,345 | 3,867 | 7,212 | 300,042 | 307,254 | 3,249 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 348 | 13 | 361 | 160,663 | 161,024 | - | |||||||||||||||||||||||||||||||
Single family residential | 2,209 | 1,283 | 3,492 | 372,211 | 375,703 | 308 | |||||||||||||||||||||||||||||||
Other commercial | 934 | 2,095 | 3,029 | 599,434 | 602,463 | - | |||||||||||||||||||||||||||||||
Total real estate | 3,491 | 3,391 | 6,882 | 1,132,308 | 1,139,190 | 308 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 346 | 470 | 816 | 153,692 | 154,508 | 134 | |||||||||||||||||||||||||||||||
Agricultural | 11 | 53 | 64 | 135,569 | 135,633 | - | |||||||||||||||||||||||||||||||
Total commercial | 357 | 523 | 880 | 289,261 | 290,141 | 134 | |||||||||||||||||||||||||||||||
Other | - | - | - | 4,576 | 4,576 | - | |||||||||||||||||||||||||||||||
Total | $ | 7,193 | $ | 7,781 | $ | 14,974 | $ | 1,726,187 | $ | 1,741,161 | $ | 3,691 | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 710 | $ | 547 | $ | 1,257 | $ | 184,279 | $ | 185,536 | $ | 266 | |||||||||||||||||||||||||
Student loans | 901 | 2,234 | 3,135 | 31,010 | 34,145 | 2,234 | |||||||||||||||||||||||||||||||
Other consumer | 1,149 | 529 | 1,678 | 103,641 | 105,319 | 204 | |||||||||||||||||||||||||||||||
Total consumer | 2,760 | 3,310 | 6,070 | 318,930 | 325,000 | 2,704 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 309 | 365 | 674 | 137,458 | 138,132 | - | |||||||||||||||||||||||||||||||
Single family residential | 3,069 | 1,539 | 4,608 | 352,299 | 356,907 | 137 | |||||||||||||||||||||||||||||||
Other commercial | 716 | 3,303 | 4,019 | 564,147 | 568,166 | - | |||||||||||||||||||||||||||||||
Total real estate | 4,094 | 5,207 | 9,301 | 1,053,904 | 1,063,205 | 137 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 340 | 385 | 725 | 140,611 | 141,336 | 74 | |||||||||||||||||||||||||||||||
Agricultural | 81 | 113 | 194 | 93,611 | 93,805 | - | |||||||||||||||||||||||||||||||
Total commercial | 421 | 498 | 919 | 234,222 | 235,141 | 74 | |||||||||||||||||||||||||||||||
Other | - | - | - | 5,167 | 5,167 | - | |||||||||||||||||||||||||||||||
Total | $ | 7,275 | $ | 9,015 | $ | 16,290 | $ | 1,612,223 | $ | 1,628,513 | $ | 2,915 | |||||||||||||||||||||||||
Impaired Loans – A loan is considered impaired when it is probable that the Company will not receive all amounts due according to the contractual terms of the loans, including scheduled principal and interest payments. This includes loans that are delinquent 90 days or more, nonaccrual loans and certain other loans identified by management. Impaired loans are carried at the present value of estimated future cash flows using the loan’s existing rate, or the fair value of the collateral if the loan is collateral dependent. | |||||||||||||||||||||||||||||||||||||
Impairment is evaluated in total for smaller-balance loans of a similar nature and on an individual loan basis for other loans. Impaired loans, or portions thereof, are charged-off when deemed uncollectible. | |||||||||||||||||||||||||||||||||||||
Impaired loans, net of government guarantees and excluding loans acquired, segregated by class of loans, are as follows: | |||||||||||||||||||||||||||||||||||||
(In thousands) | Unpaid | Recorded | Recorded | Total | Related | Average | Interest | Average | Interest | ||||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Investment | Income | Investment in | Income | |||||||||||||||||||||||||||||
Principal | With No | With | Investment | in Impaired | Recognized | Impaired | Recognized | ||||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Loans | Loans | |||||||||||||||||||||||||||||||||
30-Sep-13 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 520 | $ | 520 | $ | - | $ | 520 | $ | 77 | $ | 514 | $ | 3 | $ | 517 | $ | 11 | |||||||||||||||||||
Other consumer | 878 | 814 | 58 | 872 | 158 | 946 | 9 | 1,014 | 30 | ||||||||||||||||||||||||||||
Total consumer | 1,398 | 1,334 | 58 | 1,392 | 235 | 1,460 | 12 | 1,531 | 41 | ||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 3,237 | 2,020 | 1,174 | 3,194 | 365 | 3,212 | 32 | 3,814 | 114 | ||||||||||||||||||||||||||||
Single family residential | 3,357 | 2,019 | 1,298 | 3,317 | 574 | 3,231 | 32 | 3,705 | 111 | ||||||||||||||||||||||||||||
Other commercial | 9,016 | 5,192 | 2,608 | 7,800 | 522 | 7,932 | 78 | 12,609 | 377 | ||||||||||||||||||||||||||||
Total real estate | 15,610 | 9,231 | 5,080 | 14,311 | 1,461 | 14,375 | 142 | 20,128 | 602 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 695 | 453 | 146 | 599 | 110 | 603 | 6 | 651 | 19 | ||||||||||||||||||||||||||||
Agricultural | 76 | 76 | - | 76 | 8 | 82 | 1 | 86 | 3 | ||||||||||||||||||||||||||||
Total commercial | 771 | 529 | 146 | 675 | 118 | 685 | 7 | 737 | 22 | ||||||||||||||||||||||||||||
Total | $ | 17,779 | $ | 11,094 | $ | 5,284 | $ | 16,378 | $ | 1,814 | $ | 16,520 | $ | 161 | $ | 22,396 | $ | 665 | |||||||||||||||||||
31-Dec-12 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||
September 30, 2012 | September 30, 2012 | ||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 547 | $ | 547 | $ | - | $ | 547 | $ | 82 | $ | 563 | $ | 4 | $ | 570 | $ | 12 | |||||||||||||||||||
Other consumer | 1,140 | 999 | 131 | 1,130 | 249 | 1,193 | 14 | 1,192 | 44 | ||||||||||||||||||||||||||||
Total consumer | 1,687 | 1,546 | 131 | 1,677 | 331 | 1,756 | 18 | 1,762 | 56 | ||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 5,443 | 3,866 | 1,494 | 5,360 | 505 | 5,634 | 68 | 5,493 | 203 | ||||||||||||||||||||||||||||
Single family residential | 4,091 | 2,877 | 1,140 | 4,017 | 494 | 3,611 | 43 | 4,034 | 149 | ||||||||||||||||||||||||||||
Other commercial | 21,199 | 5,903 | 13,078 | 18,981 | 1,310 | 21,992 | 265 | 23,405 | 862 | ||||||||||||||||||||||||||||
Total real estate | 30,733 | 12,646 | 15,712 | 28,358 | 2,309 | 31,237 | 376 | 32,932 | 1,214 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 842 | 487 | 191 | 678 | 179 | 827 | 10 | 810 | 30 | ||||||||||||||||||||||||||||
Agricultural | 236 | 74 | 16 | 90 | 24 | 132 | 2 | 267 | 10 | ||||||||||||||||||||||||||||
Total commercial | 1,078 | 561 | 207 | 768 | 203 | 959 | 12 | 1,077 | 40 | ||||||||||||||||||||||||||||
Total | $ | 33,498 | $ | 14,753 | $ | 16,050 | $ | 30,803 | $ | 2,843 | $ | 33,952 | $ | 406 | $ | 35,771 | $ | 1,310 | |||||||||||||||||||
At September 30, 2013, and December 31, 2012, impaired loans, net of government guarantees and excluding loans acquired, totaled $16.4 million and $30.8 million, respectively. Allocations of the allowance for loan losses relative to impaired loans were $1.8 million at September 30, 2013, and $2.8 million at December 31, 2012. Approximately $161,000 and $665,000 of interest income was recognized on average impaired loans of $16.5 million and $22.4 million for the three and nine months ended September 30, 2013. Interest income recognized on impaired loans on a cash basis during the three and nine months ended September 30, 2013 and 2012 was not material. | |||||||||||||||||||||||||||||||||||||
Included in certain impaired loan categories are troubled debt restructurings (“TDRs”). When the Company restructures a loan to a borrower that is experiencing financial difficulty and grants a concession that it would not otherwise consider, a “troubled debt restructuring” results and the Company classifies the loan as a TDR. The Company grants various types of concessions, primarily interest rate reduction and/or payment modifications or extensions, with an occasional forgiveness of principal. | |||||||||||||||||||||||||||||||||||||
Under ASC Topic 310-10-35 – Subsequent Measurement, a TDR is considered to be impaired, and an impairment analysis must be performed. The Company assesses the exposure for each modification, either by collateral discounting or by calculation of the present value of future cash flows, and determines if a specific allocation to the allowance for loan losses is required. | |||||||||||||||||||||||||||||||||||||
Once an obligation has been restructured because of such credit problems, it continues to be considered a TDR until paid in full; or, if an obligation yields a market interest rate and no longer has any concession regarding payment amount or amortization, then it is not considered a TDR at the beginning of the calendar year after the year in which the improvement takes place. The Company returns TDRs to accrual status only if (1) all contractual amounts due can reasonably be expected to be repaid within a prudent period, and (2) repayment has been in accordance with the contract for a sustained period, typically at least six months. | |||||||||||||||||||||||||||||||||||||
The following table presents a summary of troubled debt restructurings, excluding loans acquired, segregated by class of loans. | |||||||||||||||||||||||||||||||||||||
Accruing TDR Loans | Nonaccrual TDR | Total TDR Loans | |||||||||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number | Balance | Number | Balance | Number | Balance | |||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Other consumer | 1 | $ | 33 | - | $ | - | 1 | $ | 33 | ||||||||||||||||||||||||||||
Total consumer | 1 | 33 | - | - | 1 | 33 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 1 | 988 | - | - | 1 | 988 | |||||||||||||||||||||||||||||||
Single-family residential | 4 | 874 | 1 | 8 | 5 | 882 | |||||||||||||||||||||||||||||||
Other commercial | 12 | 7,012 | 1 | 608 | 13 | 7,619 | |||||||||||||||||||||||||||||||
Total real estate | 17 | 8,874 | 2 | 616 | 19 | 9,489 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 1 | 39 | 1 | 85 | 2 | 124 | |||||||||||||||||||||||||||||||
Agriculture | 1 | 638 | - | - | 1 | 638 | |||||||||||||||||||||||||||||||
Total commercial | 2 | 677 | 1 | 85 | 3 | 762 | |||||||||||||||||||||||||||||||
Total | 20 | $ | 9,584 | 3 | $ | 701 | 23 | $ | 10,284 | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Other consumer | 1 | $ | 33 | 1 | $ | 12 | 2 | $ | 45 | ||||||||||||||||||||||||||||
Total consumer | 1 | 33 | 1 | 12 | 2 | 45 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 2 | 1,212 | - | - | 2 | 1,212 | |||||||||||||||||||||||||||||||
Single-family residential | 3 | 570 | 1 | 15 | 4 | 585 | |||||||||||||||||||||||||||||||
Other commercial | 14 | 8,508 | 4 | 2,962 | 18 | 11,470 | |||||||||||||||||||||||||||||||
Total real estate | 19 | 10,290 | 5 | 2,977 | 24 | 13,267 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 1 | 39 | 1 | 85 | 2 | 124 | |||||||||||||||||||||||||||||||
Agricultural | 1 | 653 | - | - | 1 | 653 | |||||||||||||||||||||||||||||||
Total commercial | 2 | 692 | 1 | 85 | 3 | 777 | |||||||||||||||||||||||||||||||
Total | 22 | $ | 11,015 | 7 | $ | 3,074 | 29 | $ | 14,089 | ||||||||||||||||||||||||||||
The following table presents loans that were restructured as TDRs during the nine months ended September 30, 2013 and 2012, excluding loans acquired, segregated by class of loans. | |||||||||||||||||||||||||||||||||||||
Modification Type | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Balance Prior | Balance at | Change in | Change in | Financial Impact | |||||||||||||||||||||||||||||||
Loans | to TDR | September 30 | Maturity | Rate | on Date of | ||||||||||||||||||||||||||||||||
Date | Restructure | ||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Single-family residential | 1 | $ | 321 | $ | 311 | $ | - | 311 | $ | - | |||||||||||||||||||||||||||
Total real estate | 1 | 321 | 311 | - | 311 | - | |||||||||||||||||||||||||||||||
Total | 1 | $ | 321 | $ | 311 | $ | - | $ | 311 | $ | - | ||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Other consumer | 1 | $ | 48 | $ | 33 | $ | - | $ | 33 | $ | - | ||||||||||||||||||||||||||
Total consumer | 1 | 48 | 33 | - | 33 | - | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Other commercial | 4 | 1,054 | 887 | - | 887 | - | |||||||||||||||||||||||||||||||
Total real estate | 4 | 1,054 | 887 | - | 887 | - | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 1 | 50 | 39 | - | 39 | - | |||||||||||||||||||||||||||||||
Total commercial | 1 | 50 | 39 | - | 39 | - | |||||||||||||||||||||||||||||||
Total | 6 | $ | 1,152 | $ | 959 | $ | - | $ | 959 | $ | - | ||||||||||||||||||||||||||
During the three months ended September 30, 2013, the Company did not modify any loans which were deemed troubled debt restructurings. During the nine months ended September 30, 2013, the Company modified one loan with a recorded investment of $321,000 prior to modification which was deemed troubled debt restructuring. The restructured loan was modified by lowering of the interest rate. Based on the fair value of the collateral, no specific reserve was determined necessary for this loan. Also, there was no immediate financial impact from the restructuring of this loan, as it was not considered necessary to charge-off interest or principal on the date of restructure. | |||||||||||||||||||||||||||||||||||||
There were no loans for which a payment default occurred during the nine months ended September 30, 2013 and 2012, and that had been modified as a TDR within 12 months or less of the payment default, excluding loans acquired. We define a payment default as a payment received more than 90 days after its due date. | |||||||||||||||||||||||||||||||||||||
Credit Quality Indicators – As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including trends related to (i) the weighted-average risk rating of commercial and real estate loans, (ii) the level of classified commercial and real estate loans, (iii) net charge-offs, (iv) non-performing loans (see details above) and (v) the general economic conditions in the States of Arkansas, Kansas and Missouri. | |||||||||||||||||||||||||||||||||||||
The Company utilizes a risk rating matrix to assign a risk rate to each of its commercial and real estate loans. Loans are rated on a scale of 1 to 8. A description of the general characteristics of the 8 risk ratings is as follows: | |||||||||||||||||||||||||||||||||||||
· | Risk Rate 1 – Pass (Excellent) – This category includes loans which are virtually free of credit risk. Borrowers in this category represent the highest credit quality and greatest financial strength. | ||||||||||||||||||||||||||||||||||||
· | Risk Rate 2 – Pass (Good) - Loans under this category possess a nominal risk of default. This category includes borrowers with strong financial strength and superior financial ratios and trends. These loans are generally fully secured by cash or equivalents (other than those rated "excellent”). | ||||||||||||||||||||||||||||||||||||
· | Risk Rate 3 – Pass (Acceptable – Average) - Loans in this category are considered to possess a normal level of risk. Borrowers in this category have satisfactory financial strength and adequate cash flow coverage to service debt requirements. If secured, the perfected collateral should be of acceptable quality and within established borrowing parameters. | ||||||||||||||||||||||||||||||||||||
· | Risk Rate 4 – Pass (Monitor) - Loans in the Watch (Monitor) category exhibit an overall acceptable level of risk, but that risk may be increased by certain conditions, which represent "red flags". These "red flags" require a higher level of supervision or monitoring than the normal "Pass" rated credit. The borrower may be experiencing these conditions for the first time, or it may be recovering from weakness, which at one time justified a harsher rating. These conditions may include: weaknesses in financial trends; marginal cash flow; one-time negative operating results; non-compliance with policy or borrowing agreements; poor diversity in operations; lack of adequate monitoring information or lender supervision; questionable management ability/stability. | ||||||||||||||||||||||||||||||||||||
· | Risk Rate 5 – Special Mention - A loan in this category has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution's credit position at some future date. Special Mention loans are not adversely classified (although they are "criticized") and do not expose an institution to sufficient risk to warrant adverse classification. Borrowers may be experiencing adverse operating trends, or an ill-proportioned balance sheet. Non-financial characteristics of a Special Mention rating may include management problems, pending litigation, a non-existent, or ineffective loan agreement or other material structural weakness, and/or other significant deviation from prudent lending practices. | ||||||||||||||||||||||||||||||||||||
· | Risk Rate 6 – Substandard - A Substandard loan is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. The loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. This does not imply ultimate loss of the principal, but may involve burdensome administrative expenses and the accompanying cost to carry the loan. | ||||||||||||||||||||||||||||||||||||
· | Risk Rate 7 – Doubtful – A loan classified Doubtful has all the weaknesses inherent in a substandard loan except that the weaknesses make collection or liquidation in full (on the basis of currently existing facts, conditions, and values) highly questionable and improbable. Doubtful borrowers are usually in default, lack adequate liquidity, or capital, and lack the resources necessary to remain an operating entity. The possibility of loss is extremely high, but because of specific pending events that may strengthen the asset, its classification as loss is deferred. Pending factors include: proposed merger or acquisition; liquidation procedures; capital injection; perfection of liens on additional collateral; and refinancing plans. Loans classified as Doubtful are placed on nonaccrual status. | ||||||||||||||||||||||||||||||||||||
· | Risk Rate 8 – Loss - Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loans has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless loan, even though partial recovery may be affected in the future. Borrowers in the Loss category are often in bankruptcy, have formally suspended debt repayments, or have otherwise ceased normal business operations. Loans should be classified as Loss and charged-off in the period in which they become uncollectible. | ||||||||||||||||||||||||||||||||||||
Loans acquired, including loans covered by FDIC loss share agreements, are evaluated using this internal grading system. However, since these loans are accounted for in pools, all of the loan pools were considered satisfactory at September 30, 2013 and December 31, 2012, respectively. Loans acquired, covered by loss share agreements, have additional protection provided by the FDIC. See Note 5, Loans Acquired, for further discussion of the acquired loan pools and loss sharing agreements. | |||||||||||||||||||||||||||||||||||||
Classified loans for the Company include loans in Risk Ratings 6, 7 and 8. Loans may be classified, but not considered impaired, due to one of the following reasons: (1) The Company has established minimum dollar amount thresholds for loan impairment testing. Loans rated 6 – 8 that fall under the threshold amount are not tested for impairment and therefore are not included in impaired loans. (2) Of the loans that are above the threshold amount and tested for impairment, after testing, some are considered to not be impaired and are not included in impaired loans. Total classified loans were $38.1 million and $39.0 million as of September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||||||||||
The following table presents a summary of loans by credit risk rating as of September 30, 2013 and December 31, 2012, segregated by class of loans. | |||||||||||||||||||||||||||||||||||||
(In thousands) | Risk Rate | Risk Rate | Risk Rate | Risk Rate | Risk Rate | Total | |||||||||||||||||||||||||||||||
1-4 | 5 | 6 | 7 | 8 | |||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 176,943 | $ | - | $ | 520 | $ | - | $ | - | $ | 177,463 | |||||||||||||||||||||||||
Student loans | 25,426 | - | 2,966 | - | - | 28,392 | |||||||||||||||||||||||||||||||
Other consumer | 100,089 | 3 | 1,229 | 60 | 18 | 101,399 | |||||||||||||||||||||||||||||||
Total consumer | 302,458 | 3 | 4,715 | 60 | 18 | 307,254 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 156,701 | 74 | 4,249 | - | - | 161,024 | |||||||||||||||||||||||||||||||
Single family residential | 368,159 | 1,423 | 6,121 | - | - | 375,703 | |||||||||||||||||||||||||||||||
Other commercial | 573,657 | 8,156 | 20,650 | - | - | 602,463 | |||||||||||||||||||||||||||||||
Total real estate | 1,098,517 | 9,653 | 31,020 | - | - | 1,139,190 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 152,158 | 186 | 2,164 | - | - | 154,508 | |||||||||||||||||||||||||||||||
Agricultural | 135,471 | - | 162 | - | - | 135,633 | |||||||||||||||||||||||||||||||
Total commercial | 287,629 | 186 | 2,326 | - | - | 290,141 | |||||||||||||||||||||||||||||||
Other | 4,576 | - | - | - | - | 4,576 | |||||||||||||||||||||||||||||||
Loans acquired, covered by FDIC loss share | 148,884 | - | - | - | - | 148,884 | |||||||||||||||||||||||||||||||
Loans acquired, not covered by FDIC loss share | 68,133 | - | - | - | - | 68,133 | |||||||||||||||||||||||||||||||
Total | $ | 1,910,197 | $ | 9,842 | $ | 38,061 | $ | 60 | $ | 18 | $ | 1,958,178 | |||||||||||||||||||||||||
(In thousands) | Risk Rate | Risk Rate | Risk Rate | Risk Rate | Risk Rate | Total | |||||||||||||||||||||||||||||||
1-4 | 5 | 6 | 7 | 8 | |||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 184,989 | $ | - | $ | 547 | $ | - | $ | - | $ | 185,536 | |||||||||||||||||||||||||
Student loans | 31,911 | - | 2,234 | - | - | 34,145 | |||||||||||||||||||||||||||||||
Other consumer | 103,597 | 7 | 1,660 | 33 | 22 | 105,319 | |||||||||||||||||||||||||||||||
Total consumer | 320,497 | 7 | 4,441 | 33 | 22 | 325,000 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 131,873 | 30 | 6,229 | - | - | 138,132 | |||||||||||||||||||||||||||||||
Single family residential | 348,628 | 1,458 | 6,821 | - | - | 356,907 | |||||||||||||||||||||||||||||||
Other commercial | 540,986 | 8,484 | 18,696 | - | - | 568,166 | |||||||||||||||||||||||||||||||
Total real estate | 1,021,487 | 9,972 | 31,746 | - | - | 1,063,205 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 138,948 | 114 | 2,235 | 39 | - | 141,336 | |||||||||||||||||||||||||||||||
Agricultural | 93,357 | - | 448 | - | - | 93,805 | |||||||||||||||||||||||||||||||
Total commercial | 232,305 | 114 | 2,683 | 39 | - | 235,141 | |||||||||||||||||||||||||||||||
Other | 5,167 | - | - | - | - | 5,167 | |||||||||||||||||||||||||||||||
Loans acquired, covered by FDIC loss share | 210,842 | - | - | - | - | 210,842 | |||||||||||||||||||||||||||||||
Loans acquired, not covered by FDIC loss share | 82,764 | - | - | - | - | 82,764 | |||||||||||||||||||||||||||||||
Total | $ | 1,873,062 | $ | 10,093 | $ | 38,870 | $ | 72 | $ | 22 | $ | 1,922,119 | |||||||||||||||||||||||||
Net (charge-offs)/recoveries for the three and nine months ended September 30, 2013 and 2012, excluding loans acquired, segregated by class of loans, were as follows: | |||||||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | (535 | ) | $ | (564 | ) | $ | (1,747 | ) | $ | (1,968 | ) | |||||||||||||||||||||||||
Student loans | (8 | ) | (20 | ) | (38 | ) | (58 | ) | |||||||||||||||||||||||||||||
Other consumer | (327 | ) | (231 | ) | (670 | ) | (380 | ) | |||||||||||||||||||||||||||||
Total consumer | (870 | ) | (815 | ) | (2,455 | ) | (2,406 | ) | |||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | - | - | (119 | ) | 46 | ||||||||||||||||||||||||||||||||
Single-family residential | (100 | ) | (246 | ) | (189 | ) | (457 | ) | |||||||||||||||||||||||||||||
Other commercial | 4 | (466 | ) | (551 | ) | (1,741 | ) | ||||||||||||||||||||||||||||||
Total real estate | (96 | ) | (712 | ) | (859 | ) | (2,152 | ) | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | (5 | ) | (24 | ) | (62 | ) | (67 | ) | |||||||||||||||||||||||||||||
Agriculture | 25 | - | (7 | ) | (184 | ) | |||||||||||||||||||||||||||||||
Total commercial | 20 | (24 | ) | (69 | ) | (251 | ) | ||||||||||||||||||||||||||||||
Total | $ | (946 | ) | $ | (1,551 | ) | $ | (3,383 | ) | $ | (4,809 | ) | |||||||||||||||||||||||||
Allowance for Loan Losses – The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management’s best estimate of probable losses that have been incurred within the existing portfolio of loans. The allowance, in the judgment of management, is necessary to reserve for estimated loan losses and risks inherent in the loan portfolio. The Company’s allowance for loan loss methodology includes allowance allocations calculated in accordance with ASC Topic 310-10, Receivables, and allowance allocations calculated in accordance with ASC Topic 450-20, Loss Contingencies. Accordingly, the methodology is based on the Company’s internal grading system, specific impairment analysis, qualitative and quantitative factors. | |||||||||||||||||||||||||||||||||||||
As mentioned above, allocations to the allowance for loan losses are categorized as either specific allocations or general allocations. | |||||||||||||||||||||||||||||||||||||
A loan is considered impaired when it is probable that the Company will not receive all amounts due according to the contractual terms of the loan, including scheduled principal and interest payments. For a collateral dependent loan, the Company’s evaluation process includes a valuation by appraisal or other collateral analysis. This valuation is compared to the remaining outstanding principal balance of the loan. If a loss is determined to be probable, the loss is included in the allowance for loan losses as a specific allocation. If the loan is not collateral dependent, the measurement of loss is based on the fair value of the difference between the expected and contractual future cash flows of the loan. | |||||||||||||||||||||||||||||||||||||
The general allocation is calculated monthly based on management’s assessment of several factors such as (1) historical loss experience based on loan volumes and types, (2) volume and trends in delinquencies and nonaccruals, (3) lending policies and procedures including those for loan losses, collections and recoveries, (4) national, state and local economic trends and conditions, (5) concentrations of credit within the loan portfolio, (6) the experience, ability and depth of lending management and staff and (7) other factors and trends that will affect specific loans and categories of loans. The Company establishes general allocations for each major loan category. This category also includes allocations to loans which are collectively evaluated for loss such as credit cards, one-to-four family owner occupied residential real estate loans and other consumer loans. | |||||||||||||||||||||||||||||||||||||
As of December 31, 2012, the Company refined its allowance calculation. As part of the refinement process, management evaluated the criteria previously applied to the entire loan portfolio, and used to calculate the unallocated portion of the allowance, and applied those criteria to each specific loan category. This included the impact of national, state and local economic trends, external factors and competition, economic outlook and business conditions and other factors and trends that will affect specific loans and categories of loans. As a result of the refined allowance calculation, the allocation of the Company’s allowance for loan losses may not be comparable with periods prior to December 31, 2012. | |||||||||||||||||||||||||||||||||||||
The following table details activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. | |||||||||||||||||||||||||||||||||||||
(In thousands) | Commercial | Real | Credit | Other | Unallocated | Total | |||||||||||||||||||||||||||||||
Estate | Card | Consumer | |||||||||||||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 3,719 | $ | 15,475 | $ | 6,876 | $ | 1,328 | $ | - | $ | 27,398 | |||||||||||||||||||||||||
Provision for loan losses | (15 | ) | 308 | 369 | 419 | - | 1,081 | ||||||||||||||||||||||||||||||
Charge-offs | (20 | ) | (247 | ) | (770 | ) | (449 | ) | - | (1,486 | ) | ||||||||||||||||||||||||||
Recoveries | 40 | 151 | 235 | 114 | - | 540 | |||||||||||||||||||||||||||||||
Net charge-offs | 20 | (96 | ) | (535 | ) | (335 | ) | - | (946 | ) | |||||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 3,724 | $ | 15,687 | $ | 6,710 | $ | 1,412 | $ | - | $ | 27,533 | |||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 3,446 | $ | 15,453 | $ | 7,211 | $ | 1,772 | $ | - | $ | 27,882 | |||||||||||||||||||||||||
Provision for loan losses | 347 | 1,093 | 1,246 | 348 | - | 3,034 | |||||||||||||||||||||||||||||||
Charge-offs | (249 | ) | (1,373 | ) | (2,422 | ) | (1,133 | ) | - | (5,177 | ) | ||||||||||||||||||||||||||
Recoveries | 180 | 514 | 675 | 425 | - | 1,794 | |||||||||||||||||||||||||||||||
Net charge-offs | (69 | ) | (859 | ) | (1,747 | ) | (708 | ) | - | (3,383 | ) | ||||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 3,724 | $ | 15,687 | $ | 6,710 | $ | 1,412 | $ | - | $ | 27,533 | |||||||||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 118 | $ | 1,461 | $ | 77 | $ | 158 | $ | - | $ | 1,814 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 3,606 | 14,226 | 6,633 | 1,254 | - | 25,719 | |||||||||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 3,724 | $ | 15,687 | $ | 6,710 | $ | 1,412 | $ | - | $ | 27,533 | |||||||||||||||||||||||||
Activity in the allowance for loan losses for the three and nine months ended September 30, 2012 was as follows: | |||||||||||||||||||||||||||||||||||||
(In thousands) | Commercial | Real | Credit | Other | Unallocated | Total | |||||||||||||||||||||||||||||||
Estate | Card | Consumer | |||||||||||||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1983 | $ | 10,468 | $ | 5,486 | $ | 1,776 | $ | 8,684 | $ | 28,397 | |||||||||||||||||||||||||
Provision for loan losses | 83 | 327 | 527 | 236 | 126 | 1,299 | |||||||||||||||||||||||||||||||
Charge-offs | (86 | ) | (773 | ) | (806 | ) | (358 | ) | - | (2,023 | ) | ||||||||||||||||||||||||||
Recoveries | 62 | 61 | 242 | 107 | - | 472 | |||||||||||||||||||||||||||||||
Net charge-offs | (24 | ) | (712 | ) | (564 | ) | (251 | ) | - | (1,551 | ) | ||||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 2,042 | $ | 10,083 | $ | 5,449 | $ | 1,761 | $ | 8,810 | $ | 28,145 | |||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 2,063 | $ | 10,117 | $ | 5,513 | $ | 1,847 | $ | 10,568 | $ | 30,108 | |||||||||||||||||||||||||
Provision for loan losses | 230 | 2,118 | 1904 | 352 | (1,758 | ) | 2,846 | ||||||||||||||||||||||||||||||
Charge-offs | (380 | ) | (3,390 | ) | (2,632 | ) | (836 | ) | - | (7,238 | ) | ||||||||||||||||||||||||||
Recoveries | 129 | 1,238 | 664 | 398 | - | 2,429 | |||||||||||||||||||||||||||||||
Net charge-offs | (251 | ) | (2,152 | ) | (1,968 | ) | (438 | ) | - | (4,809 | ) | ||||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 2,042 | $ | 10,083 | $ | 5,449 | $ | 1,761 | $ | 8,810 | $ | 28,145 | |||||||||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 272 | $ | 2,676 | $ | 89 | $ | 254 | $ | - | $ | 3291 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,770 | 7,407 | 5,360 | 1,507 | 8,810 | 24,854 | |||||||||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 2,042 | $ | 10,083 | $ | 5,449 | $ | 1,761 | $ | 8,810 | $ | 28,145 | |||||||||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 203 | $ | 2,309 | $ | 82 | $ | 249 | $ | - | $ | 2,843 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 3,243 | 13,144 | 7,129 | 1,523 | - | 25,039 | |||||||||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 3,446 | $ | 15,453 | $ | 7,211 | $ | 1,772 | $ | - | $ | 27,882 | |||||||||||||||||||||||||
The Company’s recorded investment in loans, excluding loans acquired, related to each balance in the allowance for loan losses by portfolio segment on the basis of the Company’s impairment methodology was as follows: | |||||||||||||||||||||||||||||||||||||
(In thousands) | Commercial | Real | Credit | Other | Total | ||||||||||||||||||||||||||||||||
Estate | Card | Consumer | |||||||||||||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 675 | $ | 14,311 | $ | 520 | $ | 872 | $ | 16,378 | |||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 289,466 | 1,124,879 | 176,943 | 133,495 | 1,724,783 | ||||||||||||||||||||||||||||||||
Balance, end of period | $ | 290,141 | $ | 1,139,190 | $ | 177,463 | $ | 134,367 | $ | 1,741,161 | |||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 768 | $ | 28,358 | $ | 547 | $ | 1,130 | $ | 30,803 | |||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 234,373 | 1,034,847 | 184,989 | 143,501 | 1,597,710 | ||||||||||||||||||||||||||||||||
Balance, end of period | $ | 235,141 | $ | 1,063,205 | $ | 185,536 | $ | 144,631 | $ | 1,628,513 | |||||||||||||||||||||||||||
Note_5_Loans_Acquired
Note 5 - Loans Acquired | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Loans Acquired [Abstract] | ' | ||||||||||||||||
Loans Acquired [Text Block] | ' | ||||||||||||||||
NOTE 5: | LOANS ACQUIRED | ||||||||||||||||
The Company evaluated loans acquired in its FDIC-assisted transactions for impairment in accordance with the provisions of ASC Topic 310-30. All loans acquired, whether or not covered by FDIC loss share agreements, are considered impaired if there is evidence of credit deterioration since origination and if it is probable that not all contractually required payments will be collected. | |||||||||||||||||
The following table reflects the carrying value of all acquired impaired and non-impaired loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||
Loans Acquired | |||||||||||||||||
(in thousands) | September 30, | December 31, | |||||||||||||||
2013 | 2012 | ||||||||||||||||
Consumer: | |||||||||||||||||
Credit cards | $ | 9,379 | $ | - | |||||||||||||
Other consumer | 972 | 1,847 | |||||||||||||||
Total consumer | 10,351 | 1,847 | |||||||||||||||
Real estate: | |||||||||||||||||
Construction | 15,015 | 19,172 | |||||||||||||||
Single family residential | 70,907 | 90,795 | |||||||||||||||
Other commercial | 112,959 | 160,148 | |||||||||||||||
Total real estate | 198,881 | 270,115 | |||||||||||||||
Commercial: | |||||||||||||||||
Commercial | 7,785 | 18,950 | |||||||||||||||
Agricultural | - | 2,694 | |||||||||||||||
Total commercial | 7,785 | 21,644 | |||||||||||||||
Total loans acquired (1) (2) | $ | 217,017 | $ | 293,606 | |||||||||||||
(1) | These loans were not classified as non-performing assets at September 30, 2013 or December 31, 2012, as the loans are accounted for on a pooled basis and the pools are considered to be performing. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all purchased impaired and non-impaired loans. The loans are grouped in pools sharing common risk characteristics and were treated in the aggregate when applying various valuation techniques. | ||||||||||||||||
(2) | Included in loans acquired were $148.9 million and $210.8 million of loans covered by FDIC loss share agreements at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||
The acquired loans were grouped into pools based on common risk characteristics and were recorded at their estimated fair values, which incorporated estimated credit losses at the acquisition date. These loan pools are systematically reviewed by the Company to determine the risk of losses that may exceed those identified at the time of the acquisition. Techniques used in determining risk of loss are similar to the Company’s non-covered loan portfolio, with most focus being placed on those loan pools which include the larger loan relationships and those loan pools which exhibit higher risk characteristics. | |||||||||||||||||
The amount of the estimated cash flows expected to be received from the acquired loan pools in excess of the fair values recorded for the loan pools is referred to as the accretable yield. The accretable yield is recognized as interest income over the estimated lives of the loans. Each quarter, the Company estimates the cash flows expected to be collected from the acquired loan pools, and adjustments may or may not be required. Beginning in the fourth quarter of 2011, the cash flows estimate has increased on the loans acquired in 2010 based on payment histories and reduced loss expectations of the loan pools. Beginning in the quarter ended September 30, 2013, the cash flows estimate has also increased on the loans acquired in 2012. These projected cash flow improvements have resulted in increased interest income that is spread on a level-yield basis over the remaining expected lives of the loan pools. For those loan pools covered by FDIC loss share, the increases in expected cash flows also reduce the amount of expected reimbursements under the loss sharing agreements with the FDIC, which are recorded as indemnification assets. The estimated adjustments to the indemnification assets are amortized on a level-yield basis over the remainder of the loss sharing agreements or the remaining expected lives of the loan pools, whichever is shorter. | |||||||||||||||||
The impact of the adjustments on the Company’s financial results for the three and nine months ended September 30, 2013 and 2012, is shown below: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Impact on net interest income | $ | 4,005 | $ | 2,915 | $ | 10,102 | $ | 9,104 | |||||||||
Non-interest income | (3,844 | ) | (2,729 | ) | (9,734 | ) | (8,245 | ) | |||||||||
Net impact to pre-tax income | 161 | 186 | 368 | 859 | |||||||||||||
Net impact, net of taxes | $ | 98 | $ | 113 | $ | 224 | $ | 522 | |||||||||
Because these adjustments will be recognized over the remaining lives of the loan pools and the remainder of the loss sharing agreements, respectively, they will impact future periods as well. The current estimate of the remaining accretable yield adjustment that will positively impact interest income is $36.7 million and the remaining adjustment to the indemnification assets that will reduce non-interest income is $28.9 million. Of the remaining adjustments, the Company expects to recognize $8.4 million of interest income and a $7.9 million reduction of non-interest income, resulting in a $476,000 positive impact to pre-tax income, during the remainder of 2013. The accretable yield adjustments recorded in future periods will change as the Company continues to evaluate expected cash flows from the acquired loan pools. | |||||||||||||||||
Changes in the carrying amount of the accretable yield for all purchased impaired and non-impaired loans were as follows for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||
(In thousands) | Accretable | Carrying | Accretable | Carrying | |||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||
Loans | Loans | ||||||||||||||||
Beginning balance | $ | 41,535 | $ | 227,236 | $ | 58,066 | $ | 293,606 | |||||||||
Additions | - | 9,047 | - | 9,047 | |||||||||||||
Accretable yield adjustments | 17,380 | - | 17,380 | - | |||||||||||||
Accretion | (8,384 | ) | 8,384 | (24,915 | ) | 24,915 | |||||||||||
Payments and other reductions, net | - | (27,650 | ) | - | (110,551 | ) | |||||||||||
Balance, ending | $ | 50,531 | $ | 217,017 | $ | 50,531 | $ | 217,017 | |||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, 2012 | 30-Sep-12 | ||||||||||||||||
(In thousands) | Accretable | Carrying | Accretable | Carrying | |||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||
Loans | Loans | ||||||||||||||||
Beginning balance | $ | 31,865 | $ | 114,189 | $ | 42,833 | $ | 158,075 | |||||||||
Additions | 21,200 | 130,536 | 21,200 | 130,536 | |||||||||||||
Accretable yield adjustments | - | - | - | - | |||||||||||||
Accretion | (5,041 | ) | 5,041 | (16,009 | ) | 16,009 | |||||||||||
Payments and other reductions, net | - | (13,086 | ) | - | (67,940 | ) | |||||||||||
Balance, ending | $ | 48,024 | $ | 236,680 | $ | 48,024 | $ | 236,680 | |||||||||
No pools evaluated by the Company were determined to have experienced impairment in the estimated credit quality or cash flows. There were no allowances for loan losses related to the purchased impaired loans at September 30, 2013 or December 31, 2012. | |||||||||||||||||
The purchase and assumption agreements for the FDIC-assisted acquisitions allow for the FDIC to recover a portion of the funds previously paid out under the indemnification agreement in the event losses fail to reach the expected loss level under a claw back provision (“true-up provision”). The amount of the true-up provision for each acquisition is measured and recorded at Day 1 fair values. It is calculated as the difference between management’s estimated losses on covered loans and covered foreclosed assets and the loss threshold contained in each loss share agreement, multiplied by the applicable clawback provisions contained in each loss share agreement. This true-up amount, which is payable to the FDIC upon termination of the applicable loss share agreement, is then discounted back to net present value. To the extent that actual losses on covered loans and covered foreclosed assets are less than estimated losses, the applicable true-up provision payable to the FDIC upon termination of the loss share agreements will increase. To the extent that actual losses on covered loans and covered foreclosed assets are more than estimated losses, the applicable true-up provision payable to the FDIC upon termination of the loss share agreements will decrease. | |||||||||||||||||
The following table presents a summary of the changes in the FDIC true-up provision for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Beginning balance | $ | 5,577 | $ | 3,987 | $ | 4,854 | $ | 3,419 | |||||||||
FDIC true-up provision recorded on new acquisitions | - | - | - | - | |||||||||||||
Amortization expense | 40 | 37 | 121 | 103 | |||||||||||||
Adjustments related to changes in expected losses | 350 | 246 | 992 | 748 | |||||||||||||
Balance, ending | $ | 5,967 | $ | 4,270 | $ | 5,967 | $ | 4,270 | |||||||||
Note_6_Goodwill_And_Other_Inta
Note 6 - Goodwill And Other Intagible Assets | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | ||||||||
NOTE 6: | GOODWILL AND OTHER INTANGIBLE ASSETS | ||||||||
Goodwill is tested annually, or more than annually, if circumstances warrant, for impairment. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the financial statements. Goodwill totaled $60.6 million at September 30, 2013, unchanged from December 31, 2012. | |||||||||
Core deposit premiums are amortized over a ten year period and are periodically evaluated, at least annually, as to the recoverability of their carrying value. | |||||||||
On September 30, 2013, the Company acquired a credit card portfolio and recorded Purchased Credit Card Relationships (“PCCR’s”) of $2.1 million. This intangible asset will be amortized over a five year period, with monthly amortization beginning in October 2013. The Company had no PCCR’s as of December 31, 2012. | |||||||||
The Company’s goodwill and other intangibles (carrying basis and accumulated amortization) at September 30, 2013, and December 31, 2012, were as follows: | |||||||||
(In thousands) | September 30, | December 31, | |||||||
2013 | 2012 | ||||||||
Goodwill | $ | 60,605 | $ | 60,605 | |||||
Core deposit premiums: | |||||||||
Gross carrying amount | 5,401 | 5,597 | |||||||
Accumulated amortization | (2,049 | ) | (1,837 | ) | |||||
Core deposit premiums, net | 3,352 | 3,760 | |||||||
Purchased credit card relationships: | |||||||||
Gross carrying amount | 2,068 | - | |||||||
Accumulated amortization | - | - | |||||||
Purchased credit card relationships, net | 2,068 | - | |||||||
Other intangible assets, net | 5,420 | 3,760 | |||||||
Total goodwill and other intangible assets | $ | 66,025 | $ | 64,365 | |||||
Core deposit premium amortization expense recorded for the nine months ended September 30, 2013 and 2012, was $408,000 and $222,000, respectively. The Company’s estimated remaining amortization expense on core deposit premiums as of September 30, 2013, is as follows: | |||||||||
(In thousands) | Year | Amortization | |||||||
Expense | |||||||||
Remainder of 2013 | $ | 106 | |||||||
2014 | 410 | ||||||||
2015 | 403 | ||||||||
2016 | 401 | ||||||||
2017 | 401 | ||||||||
Thereafter | 1,631 | ||||||||
Total | $ | 3,352 | |||||||
There was no PCCR amortization expense recorded for the nine months ended September 30, 2013 and 2012. The Company’s estimated remaining amortization expense on PCCR’s as of September 30, 2013, is as follows: | |||||||||
(In thousands) | Year | Amortization | |||||||
Expense | |||||||||
Remainder of 2013 | $ | 103 | |||||||
2014 | 414 | ||||||||
2015 | 414 | ||||||||
2016 | 414 | ||||||||
2017 | 413 | ||||||||
Thereafter | 310 | ||||||||
Total | $ | 2,068 | |||||||
Note_7_Time_Deposits
Note 7 - Time Deposits | 9 Months Ended | |
Sep. 30, 2013 | ||
Disclosure Text Block [Abstract] | ' | |
Deposit Liabilities Disclosures [Text Block] | ' | |
NOTE 7: | TIME DEPOSITS | |
Time deposits include approximately $351,271,000 and $370,598,000 of certificates of deposit of $100,000 or more at September 30, 2013, and December 31, 2012, respectively. | ||
Note_8_Income_Taxes
Note 8 - Income Taxes | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||
NOTE 8: | INCOME TAXES | ||||||||
The provision for income taxes is comprised of the following components: | |||||||||
September 30, | September 30, | ||||||||
(In thousands) | 2013 | 2012 | |||||||
Income taxes currently payable | $ | 10,781 | $ | 8,389 | |||||
Deferred income taxes | (2,274 | ) | 86 | ||||||
Provision for income taxes | $ | 8,507 | $ | 8,475 | |||||
The tax effects of temporary differences related to deferred taxes shown on the balance sheets were: | |||||||||
(In thousands) | September 30, | December 31, | |||||||
2013 | 2012 | ||||||||
Deferred tax assets | |||||||||
Loans acquired | $ | 18,632 | $ | 24,186 | |||||
FDIC true-up liability | 2,207 | 1,775 | |||||||
Allowance for loan losses | 10,713 | 10,736 | |||||||
Valuation of foreclosed assets | 222 | 669 | |||||||
Deferred compensation payable | 1,755 | 1,676 | |||||||
FHLB advances | 313 | 409 | |||||||
Vacation compensation | 1,117 | 1,058 | |||||||
Accumulated depreciation | 738 | 280 | |||||||
Loan interest | 767 | 767 | |||||||
Available-for-sale securities | 1,678 | - | |||||||
Other | 594 | 569 | |||||||
Total deferred tax assets | 38,736 | 42,125 | |||||||
Deferred tax liabilities | |||||||||
Deferred loan fee income and expenses, net | (3,291 | ) | (2,373 | ) | |||||
FHLB stock dividends | (300 | ) | (296 | ) | |||||
Goodwill and core deposit premium amortization | (12,289 | ) | (11,190 | ) | |||||
FDIC indemnification asset | (24,048 | ) | (31,846 | ) | |||||
Available-for-sale securities | - | (166 | ) | ||||||
Other | (1,879 | ) | (3,443 | ) | |||||
Total deferred tax liabilities | (41,807 | ) | (49,314 | ) | |||||
Net deferred tax liabilities included in other liabilities on balance sheets | $ | (3,071 | ) | $ | (7,189 | ) | |||
A reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense is shown below: | |||||||||
(In thousands) | September 30, | September 30, | |||||||
2013 | 2012 | ||||||||
Computed at the statutory rate (35%) | $ | 9,783 | $ | 9,844 | |||||
Increase (decrease) in taxes resulting from: | |||||||||
State income taxes, net of federal tax benefit | 777 | 773 | |||||||
Tax exempt interest income | (1,932 | ) | (1,980 | ) | |||||
Tax exempt earnings on BOLI | (341 | ) | (377 | ) | |||||
Other differences, net | 220 | 215 | |||||||
Actual tax provision | $ | 8,507 | $ | 8,475 | |||||
The Company follows ASC Topic 740, Income Taxes, which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. ASC Topic 740 also provides guidance on the accounting for and disclosure of unrecognized tax benefits, interest and penalties. | |||||||||
The amount of unrecognized tax benefits may increase or decrease in the future for various reasons including adding amounts for current tax year positions, expiration of open income tax returns due to the statutes of limitation, changes in management’s judgment about the level of uncertainty, status of examinations, litigation and legislative activity and the addition or elimination of uncertain tax positions. | |||||||||
The Company files income tax returns in the U.S. federal jurisdiction. The Company’s U.S. federal income tax returns are open and subject to examinations from the 2009 tax year and forward. The Company’s various state income tax returns are generally open from the 2006 and later tax return years based on individual state statute of limitations. | |||||||||
Note_9_Other_Borrowings_and_Su
Note 9 - Other Borrowings and Subordinated Debentures | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt Disclosure [Text Block] | ' | ||||||||
NOTE 9: | OTHER BORROWINGS AND SUBORDINATED DEBENTURES | ||||||||
Debt at September 30, 2013, and December 31, 2012, consisted of the following components: | |||||||||
(In thousands) | September 30, | December 31, | |||||||
2013 | 2012 | ||||||||
Other Borrowings | |||||||||
FHLB advances, due 2013 to 2033, 0.35% to 8.41% secured by real estate loans | $ | 75,987 | $ | 89,441 | |||||
Subordinated Debentures | |||||||||
Trust preferred securities, due 12/30/2033, floating rate of 2.80% above the three month LIBOR rate, reset quarterly, callable without penalty | 20,620 | 20,620 | |||||||
Total other borrowings and subordinated debentures | $ | 96,607 | $ | 110,061 | |||||
At September 30, 2013, the Company had no Federal Home Loan Bank (“FHLB”) advances with original maturities of one year or less. | |||||||||
The Company had total FHLB advances of $76.0 million at September 30, 2013, with approximately $528.1 million of additional advances available from the FHLB. The FHLB advances are secured by mortgage loans and investment securities totaling approximately $653.9 million at September 30, 2013. | |||||||||
The trust preferred securities are tax-advantaged issues that qualify for Tier 1 capital treatment. Distributions on these securities are included in interest expense on long-term debt. Each of the trusts is a statutory business trust organized for the sole purpose of issuing trust securities and investing the proceeds thereof in junior subordinated debentures of the Company, the sole asset of each trust. The preferred securities of each trust represent preferred beneficial interests in the assets of the respective trusts and are subject to mandatory redemption upon payment of the junior subordinated debentures held by the trust. The common securities of each trust are wholly-owned by the Company. Each trust’s ability to pay amounts due on the trust preferred securities is solely dependent upon the Company making payment on the related junior subordinated debentures. The Company’s obligations under the junior subordinated securities and other relevant trust agreements, in aggregate, constitute a full and unconditional guarantee by the Company of each respective trust’s obligations under the trust securities issued by each respective trust. | |||||||||
Aggregate annual maturities of long-term debt at September 30, 2013, are: | |||||||||
(In thousands) | Year | Annual | |||||||
Maturities | |||||||||
2013 | $ | 6,951 | |||||||
2014 | 6,332 | ||||||||
2015 | 10,462 | ||||||||
2016 | 9,057 | ||||||||
2017 | 21,838 | ||||||||
Thereafter | 41,967 | ||||||||
Total | $ | 96,607 | |||||||
Note_10_Contingent_Liabilities
Note 10 - Contingent Liabilities | 9 Months Ended | |
Sep. 30, 2013 | ||
Commitments and Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies Disclosure [Text Block] | ' | |
NOTE 10: | CONTINGENT LIABILITIES | |
The Company and/or its subsidiaries have various unrelated legal proceedings, most of which involve loan foreclosure activity pending, which, in the aggregate, are not expected to have a material adverse effect on the financial position of the Company and its subsidiaries. | ||
Note_11_Capital_Stock
Note 11 - Capital Stock | 9 Months Ended | |
Sep. 30, 2013 | ||
Stockholders' Equity Note [Abstract] | ' | |
Stockholders' Equity Note Disclosure [Text Block] | ' | |
NOTE 11: | CAPITAL STOCK | |
During 2007, the Company approved a stock repurchase program which authorized the repurchase of up to 700,000 shares of common stock. On July 23, 2012, the Company announced the substantial completion of the existing stock repurchase program and the adoption by the Board of Directors of a new stock repurchase program. The new program authorizes the repurchase of up to 850,000 additional shares of Class A common stock, or approximately 5% of the shares outstanding. The shares are to be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions. Under the repurchase program, there is no time limit for the stock repurchases, nor is there a minimum number of shares that the Company intends to repurchase. The Company may discontinue purchases at any time that management determines additional purchases are not warranted. The Company intends to use the repurchased shares to satisfy stock option exercises, payment of future stock awards and dividends and general corporate purposes. | ||
The Company repurchased 419,564 shares of stock with a weighted average repurchase price of $25.89 per share during the nine month period ended September 30, 2013. Under the current stock repurchase plan, the Company can repurchase an additional 154,136 shares. | ||
As a result of its announced acquisition of Metropolitan National Bank, the Company suspended its stock repurchases in August of 2013. See Note 2, Acquisitions, for additional information on the Metropolitan acquisition. | ||
Note_12_Undivided_Profits
Note 12 - Undivided Profits | 9 Months Ended | |
Sep. 30, 2013 | ||
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract] | ' | |
Restrictions on Dividends, Loans and Advances [Text Block] | ' | |
NOTE 12: | UNDIVIDED PROFITS | |
The Company’s subsidiary banks are subject to a legal limitation on dividends that can be paid to the parent company without prior approval of the applicable regulatory agencies. The approval of the Comptroller of the Currency is required, if the total of all dividends declared by a national bank in any calendar year exceeds the total of its net profits, as defined, for that year combined with its retained net profits of the preceding two years. Arkansas bank regulators have specified that the maximum dividend limit state banks may pay to the parent company without prior approval is 75% of current year earnings plus 75% of the retained net earnings of the preceding year. At September 30, 2013, the Company subsidiaries had approximately $12.5 million available for payment of dividends to the Company, without prior approval of the regulatory agencies. | ||
The risk-based capital guidelines of the Federal Reserve Board and the Office of the Comptroller of the Currency include the definitions for (1) a well-capitalized institution, (2) an adequately-capitalized institution, and (3) an undercapitalized institution. The criteria for a well-capitalized institution are: a 5% "Tier l leverage capital" ratio, a 6% "Tier 1 risk-based capital" ratio, and a 10% "total risk-based capital" ratio. As of September 30, 2013, each of the eight subsidiary banks met the capital standards for a well-capitalized institution. The Company's “total risk-based capital” ratio was 19.62% at September 30, 2013. | ||
Note_13_Stock_Based_Compensati
Note 13 - Stock Based Compensation | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||||||||||||
NOTE 13: | STOCK BASED COMPENSATION | |||||||||||||||||||
The Company’s Board of Directors has adopted various stock compensation plans. The plans provide for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, and bonus stock awards. Pursuant to the plans, shares are reserved for future issuance by the Company upon the exercise of stock options or awarding of bonus shares granted to directors, officers and other key employees. | ||||||||||||||||||||
The table below summarizes the transactions under the Company's active stock compensation plans for the nine months ended September 30, 2013: | ||||||||||||||||||||
Stock Options | Non-Vested Stock | |||||||||||||||||||
Outstanding | Awards Outstanding | |||||||||||||||||||
Number | Weighted | Number | Weighted | |||||||||||||||||
of | Average | of | Average | |||||||||||||||||
Shares | Exercise | Shares | Grant-Date | |||||||||||||||||
Price | Fair-Value | |||||||||||||||||||
Balance, January 1, 2013 | 217,650 | $ | 26.77 | 134,730 | $ | 25.89 | ||||||||||||||
Granted | - | - | 64,506 | 25.58 | ||||||||||||||||
Stock Options Exercised | (6,000 | ) | 23.78 | - | - | |||||||||||||||
Stock Awards Vested | - | - | (46,975 | ) | 26.92 | |||||||||||||||
Forfeited/Expired | (4,522 | ) | 27.07 | - | - | |||||||||||||||
Balance, September 30, 2013 | 207,128 | $ | 26.85 | 152,261 | $ | 25.44 | ||||||||||||||
Exercisable, September 30, 2013 | 207,128 | $ | 26.85 | |||||||||||||||||
The following table summarizes information about stock options under the plans outstanding at September 30, 2013: | ||||||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||||||
Range of | Number | Weighted | Weighted | Number | Weighted | |||||||||||||||
Exercise Prices | of Shares | Average | Average | of Shares | Average | |||||||||||||||
Remaining | Exercise | Exercise | ||||||||||||||||||
Contractual | Price | Price | ||||||||||||||||||
Life (Years) | ||||||||||||||||||||
$23.78 | - | $23.78 | 39,800 | 0.8 | $ | 23.78 | 39,800 | $ | 23.78 | |||||||||||
24.5 | - | 24.5 | 30,800 | 1.6 | 24.5 | 30,800 | 24.5 | |||||||||||||
26.19 | - | 27.67 | 47,100 | 2.6 | 26.21 | 47,100 | 26.21 | |||||||||||||
28.42 | - | 28.42 | 45,100 | 3.5 | 28.42 | 45,100 | 28.42 | |||||||||||||
30.31 | - | 30.31 | 44,328 | 4.5 | 30.31 | 44,328 | 30.31 | |||||||||||||
Total stock-based compensation expense was $1,039,000 and $1,065,000 during the nine months ended September 30, 2013 and 2012, respectively. Stock-based compensation expense is recognized ratably over the requisite service period for all stock-based awards. There was no unrecognized stock-based compensation expense related to stock options at September 30, 2013. Unrecognized stock-based compensation expense related to non-vested stock awards was $2,725,000 at September 30, 2013. At such date, the weighted-average period over which this unrecognized expense is expected to be recognized was 2.48 years. | ||||||||||||||||||||
The intrinsic value of stock options outstanding and stock options exercisable at September 30, 2013 was $878,000. Intrinsic value represents the difference between the Company’s closing stock price on the last trading day of the period, which was $31.09 as of September 30, 2013, and the exercise price multiplied by the number of options outstanding and exercisable at a price below that closing price. The total intrinsic value of stock options exercised during the nine months ended September 30, 2013 was $44,000. There were no stock options exercised during the nine months ended September 30, 2012. | ||||||||||||||||||||
Note_14_Additional_Cash_Flow_I
Note 14 - Additional Cash Flow Information | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||
Cash Flow, Supplemental Disclosures [Text Block] | ' | ||||||||
NOTE 14: | ADDITIONAL CASH FLOW INFORMATION | ||||||||
The following is a summary of the Company’s additional cash flow information during the nine months ended: | |||||||||
Nine Months Ended | |||||||||
September 30, | |||||||||
(In thousands) | 2013 | 2012 | |||||||
Interest paid | $ | 9,136 | $ | 11,729 | |||||
Income taxes paid | 11,243 | 10,965 | |||||||
Transfers of loans to foreclosed assets | 5,794 | 4,321 | |||||||
Transfers of loans acquired, covered by FDIC loss share, to foreclosed assets covered by FDIC loss share | 7,324 | 9,667 | |||||||
Unsettled purchase of credit card portfolio | 10,999 | - | |||||||
Unsettled retirement of trust preferred securities | - | 10,310 | |||||||
Note_15_Other_Operating_Expens
Note 15 - Other Operating Expenses | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Income and Expenses [Abstract] | ' | ||||||||||||||||
Other Income and Other Expense Disclosure [Text Block] | ' | ||||||||||||||||
NOTE 15: | OTHER OPERATING EXPENSES | ||||||||||||||||
Other operating expenses consist of the following: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Professional services | $ | 913 | $ | 1,078 | $ | 3,160 | $ | 3,196 | |||||||||
Postage | 597 | 574 | 1,838 | 1,820 | |||||||||||||
Telephone | 542 | 586 | 1,751 | 1,666 | |||||||||||||
Credit card expense | 1,706 | 1,787 | 5,038 | 5,198 | |||||||||||||
Operating supplies | 341 | 342 | 1,136 | 1,009 | |||||||||||||
Amortization of intangibles | 135 | 74 | 408 | 221 | |||||||||||||
Other expense | 3,700 | 2,778 | 10,198 | 8,818 | |||||||||||||
Total other operating expenses | $ | 7,934 | $ | 7,219 | $ | 23,529 | $ | 21,928 | |||||||||
Note_16_Certain_Transactions
Note 16 - Certain Transactions | 9 Months Ended | |
Sep. 30, 2013 | ||
Related Party Transactions [Abstract] | ' | |
Related Party Transactions Disclosure [Text Block] | ' | |
NOTE 16: | CERTAIN TRANSACTIONS | |
From time to time the Company and its subsidiaries have made loans and other extensions of credit to directors, officers, their associates and members of their immediate families. From time to time directors, officers and their associates and members of their immediate families have placed deposits with the Company’s subsidiary banks. Such loans, other extensions of credit and deposits were made in the ordinary course of business, on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons not related to the lender and did not involve more than normal risk of collectability or present other unfavorable features. | ||
Note_17_Commitments_and_Credit
Note 17 - Commitments and Credit Risk | 9 Months Ended | |
Sep. 30, 2013 | ||
Disclosure Text Block Supplement [Abstract] | ' | |
Commitments Disclosure [Text Block] | ' | |
NOTE 17: | COMMITMENTS AND CREDIT RISK | |
The Company grants agri-business, commercial and residential loans to customers throughout Arkansas, Kansas and Missouri, along with credit card loans to customers throughout the United States. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer's creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management's credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. | ||
At September 30, 2013, the Company had outstanding commitments to extend credit aggregating approximately $439,083,000 and $330,880,000 for credit card commitments and other loan commitments. At December 31, 2012, the Company had outstanding commitments to extend credit aggregating approximately $401,817,000 and $301,444,000 for credit card commitments and other loan commitments. | ||
Standby letters of credit are conditional commitments issued by the Company, to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The Company had total outstanding letters of credit amounting to $9,119,000 and $9,901,000 at September 30, 2013, and December 31, 2012, respectively, with terms ranging from 7 months to 5 years. At September 30, 2013 and December 31, 2012, the Company’s deferred revenue under standby letter of credit agreements was approximately $15,000 and $10,000, respectively. | ||
Note_18_Fair_Value_Measurement
Note 18 - Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||
NOTE 18: | FAIR VALUE MEASUREMENTS | ||||||||||||||||||||
ASC Topic 820, Fair Value Measurements defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. | |||||||||||||||||||||
ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance also establishes a fair value hierarchy that requires the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Topic 820 describes three levels of inputs that may be used to measure fair value: | |||||||||||||||||||||
· | Level 1 Inputs – Quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||||||
· | Level 2 Inputs – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities in active markets; quoted prices for similar assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | ||||||||||||||||||||
· | Level 3 Inputs – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | ||||||||||||||||||||
In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and the Company’s creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Furthermore, the reported fair value amounts have not been comprehensively revalued since the presentation dates, and therefore, estimates of fair value after the balance sheet date may differ significantly from the amounts presented herein. A more detailed description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. | |||||||||||||||||||||
Following is a description of the inputs and valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in valuation techniques during the periods ended September 30, 2013 and 2012. | |||||||||||||||||||||
Available-for-sale securities – Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. Other securities classified as available-for-sale are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. In order to ensure the fair values are consistent with ASC Topic 820, we periodically check the fair values by comparing them to another pricing source, such as Bloomberg. The availability of pricing confirms Level 2 classification in the fair value hierarchy. The third-party pricing service is subject to an annual review of internal controls (SSAE 16), which is made available to us for our review. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. The Company’s investment in a government money market mutual fund (the “AIM Fund”) is reported at fair value utilizing Level 1 inputs. The remainder of the Company's available-for-sale securities are reported at fair value utilizing Level 2 inputs. | |||||||||||||||||||||
Assets held in trading accounts – The Company’s trading account investment in the AIM Fund is reported at fair value utilizing Level 1 inputs. The remainder of the Company's assets held in trading accounts are reported at fair value utilizing Level 2 inputs. | |||||||||||||||||||||
The following table sets forth the Company’s financial assets by level within the fair value hierarchy that were measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||
U.S. Government agencies | $ | 163,127 | $ | - | $ | 163,127 | $ | - | |||||||||||||
Mortgage-backed securities | 1,994 | - | 1,994 | - | |||||||||||||||||
State and political subdivisions | 1,263 | - | 1,263 | - | |||||||||||||||||
Other securities | 13,553 | 1,504 | 12,049 | - | |||||||||||||||||
Assets held in trading accounts | 8,744 | 1,650 | 7,094 | - | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||
U.S. Government agencies | $ | 152,481 | $ | - | $ | 152,481 | $ | - | |||||||||||||
Mortgage-backed securities | 20,634 | - | 20,634 | - | |||||||||||||||||
State and political subdivisions | 2,988 | - | 2,988 | - | |||||||||||||||||
Other securities | 15,239 | 1,504 | 13,735 | - | |||||||||||||||||
Assets held in trading accounts | 6,224 | 1,800 | 4,424 | - | |||||||||||||||||
Certain financial assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial assets and liabilities measured at fair value on a nonrecurring basis include the following: | |||||||||||||||||||||
Impaired loans (collateral dependent) – Loan impairment is reported when full payment under the loan terms is not expected. Allowable methods for determining the amount of impairment include estimating fair value using the fair value of the collateral for collateral-dependent loans. If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. A portion of the allowance for loan losses is allocated to impaired loans if the value of such loans is deemed to be less than the unpaid balance. If these allocations cause the allowance for loan losses to require an increase, such increase is reported as a component of the provision for loan losses. Loan losses are charged against the allowance when management believes the uncollectability of a loan is confirmed. Impaired loans that are collateral dependent are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method. | |||||||||||||||||||||
Appraisals are updated at renewal, if not more frequently, for all collateral dependent loans that are deemed impaired by way of impairment testing. Impairment testing for selected loans rated Special Mention or worse begins at $500,000, with testing on all loans over $1.5 million rated Special Mention or worse. All collateral dependent impaired loans meeting these thresholds have had updated appraisals or internally prepared evaluations within the last one to two years and these updated valuations are considered in the quarterly review and discussion of the corporate Special Asset Committee. On targeted CRE loans, appraisals/internally prepared valuations may be updated before the typical 1-3 year balloon/maturity period. If an updated valuation results in decreased value, a specific (ASC 310) impairment is placed against the loan, or a partial charge-down is initiated, depending on the circumstances and anticipation of the loan’s ability to remain a going concern, possibility of foreclosure, certain market factors, etc. | |||||||||||||||||||||
Foreclosed assets held for sale – Foreclosed assets held for sale are reported at fair value, less estimated costs to sell. At foreclosure, if the fair value, less estimated costs to sell, of the real estate acquired is less than the Company’s recorded investment in the related loan, a write-down is recognized through a charge to the allowance for loan losses. Additionally, valuations are periodically performed by management and any subsequent reduction in value is recognized by a charge to income. The fair value of foreclosed assets held for sale is estimated using Level 3 inputs based on observable market data. As of September 30, 2013 and December 31, 2012, the fair value of foreclosed assets held for sale, excluding those covered by FDIC loss share agreements, less estimated costs to sell was $26.2 million and $33.4 million, respectively. | |||||||||||||||||||||
The significant unobservable inputs (Level 3) used in the fair value measurement of collateral for collateral-dependent impaired loans and foreclosed assets primarily relate to the specialized discounting criteria applied to the borrower’s reported amount of collateral. The amount of the collateral discount depends upon the condition and marketability of the collateral, as well as other factors which may affect the collectability of the loan. Management’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset. It is reasonably possible that a change in the estimated fair value for instruments measured using Level 3 inputs could occur in the future. As the Company’s primary objective in the event of default would be to liquidate the collateral to settle the outstanding balance of the loan, collateral that is less marketable would receive a larger discount. During the reported periods, collateral discounts ranged from 10% to 40% for commercial and residential real estate collateral. | |||||||||||||||||||||
Mortgage loans held for sale – Mortgage loans held for sale are reported at fair value if, on an aggregate basis, the fair value of the loans is less than cost. In determining whether the fair value of loans held for sale is less than cost when quoted market prices are not available, the Company may consider outstanding investor commitments, discounted cash flow analyses with market assumptions or the fair value of the collateral if the loan is collateral dependent. Such loans are classified within either Level 2 or Level 3 of the fair value hierarchy. Where assumptions are made using significant unobservable inputs, such loans held for sale are classified as Level 3. At September 30, 2013, and December 31, 2012, the aggregate fair value of mortgage loans held for sale exceeded their cost. Accordingly, no mortgage loans held for sale were marked down and reported at fair value. | |||||||||||||||||||||
The following table sets forth the Company’s financial assets by level within the fair value hierarchy that were measured at fair value on a nonrecurring basis as of September 30, 2013, and December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Impaired loans (1) (2) (collateral dependent) | $ | 3,132 | $ | - | $ | - | $ | 3,132 | |||||||||||||
Foreclosed assets held for sale (1) | 447 | - | - | 447 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Impaired loans (1) (2) (collateral dependent) | $ | 4,900 | $ | - | $ | - | $ | 4,900 | |||||||||||||
Foreclosed assets held for sale (1) | 1,484 | - | - | 1,484 | |||||||||||||||||
(1) | These amounts represent the resulting carrying amounts on the Consolidated Balance Sheets for impaired collateral dependent loans and foreclosed assets held for sale for which fair value re-measurements took place during the period. | ||||||||||||||||||||
(2) | Specific allocations of $376,000 and $219,000 were related to the impaired collateral dependent loans for which fair value re-measurements took place during the periods ended September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||||
ASC Topic 825, Financial Instruments, requires disclosure in annual and interim financial statements of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis. The following methods and assumptions were used to estimate the fair value of each class of financial instruments. | |||||||||||||||||||||
Cash and cash equivalents – The carrying amount for cash and cash equivalents approximates fair value (Level 1). | |||||||||||||||||||||
Held-to-maturity securities – Fair values for held-to-maturity securities equal quoted market prices, if available, such as for highly liquid government bonds (Level 1). If quoted market prices are not available, fair values are estimated based on quoted market prices of similar securities. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things (Level 2). In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. | |||||||||||||||||||||
Loans – The fair value of loans, excluding loans acquired, is estimated by discounting the future cash flows, using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations (Level 3). | |||||||||||||||||||||
Loans acquired – Fair values of loans acquired are based on a discounted cash flow methodology that considers factors including the type of loan and related collateral, variable or fixed rate, classification status, remaining term, interest rate, historical delinquencies, loan to value ratios, current market rates and remaining loan balance. The loans were grouped together according to similar characteristics and were treated in the aggregate when applying various valuation techniques. The discount rates used for loans were based on current market rates for new originations of similar loans. Estimated credit losses were also factored into the projected cash flows of the loans (Level 3). | |||||||||||||||||||||
FDIC indemnification asset – Fair value of the FDIC indemnification asset is based on the net present value of future cash proceeds expected to be received from the FDIC under the provisions of the loss share agreements using a discount rate that is based on current market rates (Level 3). | |||||||||||||||||||||
Deposits – The fair value of demand deposits, savings accounts and money market deposits is the amount payable on demand at the reporting date (i.e., their carrying amount) (Level 2). The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities (Level 3). | |||||||||||||||||||||
Federal Funds purchased, securities sold under agreement to repurchase – The carrying amount for Federal funds purchased, securities sold under agreement to repurchase and short-term debt are a reasonable estimate of fair value (Level 2). | |||||||||||||||||||||
Other borrowings – For short-term instruments, the carrying amount is a reasonable estimate of fair value. For long-term debt, rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate the fair value (Level 2). | |||||||||||||||||||||
Subordinated debentures – The fair value of subordinated debentures is estimated using the rates that would be charged for subordinated debentures of similar remaining maturities (Level 2). | |||||||||||||||||||||
Accrued interest receivable/payable – The carrying amounts of accrued interest approximated fair value (Level 2). | |||||||||||||||||||||
Commitments to extend credit, letters of credit and lines of credit – The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. | |||||||||||||||||||||
The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. | |||||||||||||||||||||
The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows: | |||||||||||||||||||||
Carrying | Fair Value Measurements | ||||||||||||||||||||
(In thousands) | Amount | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 376,485 | $ | 376,485 | $ | - | $ | - | $ | 376,485 | |||||||||||
Held-to-maturity securities | 581,768 | - | 570,703 | - | 570,703 | ||||||||||||||||
Mortgage loans held for sale | 10,605 | - | - | 10,605 | 10,605 | ||||||||||||||||
Interest receivable | 15,635 | - | 15,635 | - | 15,635 | ||||||||||||||||
Loans | 1,713,628 | - | - | 1,702,306 | 1,702,306 | ||||||||||||||||
Loans acquired, covered by FDIC loss share | 148,884 | - | - | 145,971 | 145,971 | ||||||||||||||||
Loans acquired, not covered by FDIC loss share | 68,133 | - | - | 66,163 | 66,163 | ||||||||||||||||
FDIC indemnification asset | 61,500 | - | - | 61,500 | 61,500 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Non-interest bearing transaction accounts | 580,063 | - | 580,063 | - | 580,063 | ||||||||||||||||
Interest bearing transaction accounts and savings deposits | 1,453,139 | - | 1,453,139 | - | 1,453,139 | ||||||||||||||||
Time deposits | 805,596 | - | - | 808,972 | 808,972 | ||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 62,311 | - | 62,311 | - | 62,311 | ||||||||||||||||
Other borrowings | 75,987 | - | 77,594 | - | 77,594 | ||||||||||||||||
Subordinated debentures | 20,620 | - | 13,165 | - | 13,165 | ||||||||||||||||
Interest payable | 954 | - | 954 | - | 954 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 537,797 | $ | 537,797 | $ | - | $ | - | $ | 537,797 | |||||||||||
Held-to-maturity securities | 496,141 | - | 500,578 | - | 500,578 | ||||||||||||||||
Mortgage loans held for sale | 25,367 | - | - | 25,367 | 25,367 | ||||||||||||||||
Interest receivable | 14,530 | - | 14,530 | - | 14,530 | ||||||||||||||||
Loans | 1,600,631 | - | - | 1,602,014 | 1,602,014 | ||||||||||||||||
Loans acquired, covered by FDIC loss share | 210,842 | - | - | 208,685 | 208,685 | ||||||||||||||||
Loans acquired, not covered by FDIC loss share | 82,764 | - | - | 82,764 | 82,764 | ||||||||||||||||
FDIC indemnification asset | 75,286 | - | - | 75,286 | 75,286 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Non-interest bearing transaction accounts | 576,655 | - | 576,655 | - | 576,655 | ||||||||||||||||
Interest bearing transaction accounts and savings deposits | 1,421,137 | - | 1,421,137 | - | 1,421,137 | ||||||||||||||||
Time deposits | 876,371 | - | - | 880,201 | 880,201 | ||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 104,078 | - | 104,078 | - | 104,078 | ||||||||||||||||
Other borrowings | 89,441 | - | 94,472 | - | 94,472 | ||||||||||||||||
Subordinated debentures | 20,620 | - | 15,414 | - | 15,414 | ||||||||||||||||
Interest payable | 1,096 | - | 1,096 | - | 1,096 | ||||||||||||||||
The fair value of commitments to extend credit, letters of credit and lines of credit is not presented since management believes the fair value to be insignificant. | |||||||||||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recently Issued Accounting Pronouncements | |
In July 2012, the FASB issued ASU 2012-02, Intangibles – Goodwill and Other (Topic 350) – Testing Indefinite-Lived Intangible Assets for Impairment. ASU 2012-02 amends the guidance related to testing indefinite-lived intangible assets, other than goodwill, for impairment. The provisions of ASU 2012-02 allow for a qualitative assessment in testing an indefinite-lived intangible asset for impairment before calculating the fair value of the asset. If the qualitative assessment determines that it is more likely than not that the asset is impaired, then a quantitative assessment of the fair value of the asset is required; otherwise, the quantitative calculation is not necessary. The provisions of ASU 2012-02 became effective for the Company on January 1, 2013, and did not have a significant impact on the Company’s ongoing financial position or results of operations. | |
In October, 2012, the FASB issued ASU 2012-06, Business Combinations (Topic 805) – Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution. ASU 2012-06 amends guidance on the subsequent accounting for an indemnification asset recognized at the acquisition date as a result of a government assisted acquisition of a financial institution. ASU 2012-06 requires that a subsequent adjustment to the indemnification asset be measured on the same basis as the underlying indemnified assets. Any amortization of changes in value of the indemnification asset should be limited to the lesser of the term of the indemnification agreement and the remaining life of the indemnified assets. ASU 2012-06 became effective for the Company on January 1, 2013. Because the Company has historically accounted for its indemnification assets in accordance with ASU 2012-06, its adoption did not have a significant impact on the Company’s financial position or results of operations. | |
In February, 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220) – Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU 2013-02 requires disclosure of amounts reclassified out of accumulated other comprehensive income in their entirety, by component, on the face of the statement of comprehensive income or in the notes to the financial statements. Amounts that are not required to be classified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail. ASU 2013-02 became effective prospectively for the Company on January 1, 2013, and did not have a significant impact on the Company's financial position or results of operations. | |
There have been no other significant changes to the Company’s accounting policies from the 2012 Form 10-K. Presently, the Company is not aware of any other changes to the Accounting Standards Codification that will have a material impact on the Company’s present or future financial position or results of operations. | |
Business Combinations Policy [Policy Text Block] | ' |
Acquisition Accounting, Covered Loans and Related Indemnification Asset | |
The Company accounts for its acquisitions under ASC Topic 805, Business Combinations, which requires the use of the purchase method of accounting. All identifiable assets acquired, including loans, are recorded at fair value. No allowance for loan losses related to the acquired loans is recorded on the acquisition date as the fair value of the loans acquired incorporates assumptions regarding credit risk. Loans acquired are recorded at fair value in accordance with the fair value methodology prescribed in ASC Topic 820, exclusive of the shared loss agreements with the FDIC, if any. The fair value estimates associated with the loans include estimates related to expected prepayments and the amount and timing of undiscounted expected principal, interest and other cash flows. | |
Over the life of the acquired loans, the Company continues to estimate cash flows expected to be collected on individual loans or on pools of loans sharing common risk characteristics and were treated in the aggregate when applying various valuation techniques. The Company evaluates at each balance sheet date whether the present value of its loans determined using the effective interest rates has decreased and if so, recognizes a provision for loan loss in its consolidated statement of income. For any increases in cash flows expected to be collected, the Company adjusts the amount of accretable yield recognized on a prospective basis over the loan’s or pool’s remaining life. | |
Because the FDIC will reimburse the Company for losses incurred on certain acquired loans, an indemnification asset is recorded at fair value at the acquisition date. The indemnification asset is recognized at the same time as the indemnified loans, and measured on the same basis, subject to collectability or contractual limitations. The shared-loss agreements on the acquisition date reflect the reimbursements expected to be received from the FDIC, using an appropriate discount rate, which reflects counterparty credit risk and other uncertainties. | |
The shared-loss agreements continue to be measured on the same basis as the related indemnified loans. Because the acquired loans are subject to the accounting prescribed by ASC Topic 310, subsequent changes to the basis of the shared-loss agreements also follow that model. Deterioration in the credit quality of the loans (immediately recorded as an adjustment to the allowance for loan losses) would immediately increase the basis of the shared-loss agreements, with the offset recorded through the consolidated statement of income. Increases in the credit quality or cash flows of loans (reflected as an adjustment to yield and accreted into income over the remaining life of the loans) decrease the basis of the shared-loss agreements, with such decrease being accreted into income over 1) the same period or 2) the life of the shared-loss agreements, whichever is shorter. Loss assumptions used in the basis of the indemnified loans are consistent with the loss assumptions used to measure the indemnification asset. Fair value accounting incorporates into the fair value of the indemnification asset an element of the time value of money, which is accreted back into income over the life of the shared-loss agreements. | |
Upon the determination of an incurred loss the indemnification asset will be reduced by the amount owed by the FDIC. A corresponding, claim receivable is recorded until cash is received from the FDIC. For further discussion of the Company’s acquisition and loan accounting, see Note 5, Loans Acquired. |
Note_1_Basis_of_Presentation_T
Note 1 - Basis of Presentation (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Net income | $ | 6,932 | $ | 6,760 | $ | 19,445 | $ | 19,651 | |||||||||
Average common shares outstanding | 16,220 | 16,757 | 16,383 | 17,005 | |||||||||||||
Average potential dilutive common shares | 5 | 3 | 5 | 3 | |||||||||||||
Average diluted common shares | 16,225 | 16,760 | 16,388 | 17,008 | |||||||||||||
Basic earnings per share | $ | 0.43 | $ | 0.41 | $ | 1.19 | $ | 1.16 | |||||||||
Diluted earnings per share | $ | 0.43 | $ | 0.41 | $ | 1.19 | $ | 1.16 |
Note_3_Investment_Securities_T
Note 3 - Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Investment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
(In thousands) | Amortized | Gross | Gross Unrealized | Estimated | Amortized | Gross | Gross Unrealized | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | (Losses) | Fair | Cost | Unrealized | (Losses) | Fair | ||||||||||||||||||||||||||
Gains | Value | Gains | Value | ||||||||||||||||||||||||||||||
Held-to-Maturity | |||||||||||||||||||||||||||||||||
U.S. Government agencies | $ | 313,052 | $ | 23 | $ | (8,580 | ) | $ | 304,495 | $ | 288,098 | $ | 135 | $ | (679 | ) | $ | 287,554 | |||||||||||||||
Mortgage-backed securities | 41 | 1 | - | 42 | 49 | 1 | - | 50 | |||||||||||||||||||||||||
State and political subdivisions | 268,055 | 2,548 | (5,057 | ) | 265,546 | 207,374 | 5,140 | (160 | ) | 212,354 | |||||||||||||||||||||||
Other securities | 620 | - | - | 620 | 620 | - | - | 620 | |||||||||||||||||||||||||
Total HTM | $ | 581,768 | $ | 2,572 | $ | (13,637 | ) | $ | 570,703 | $ | 496,141 | $ | 5,276 | $ | (839 | ) | $ | 500,578 | |||||||||||||||
Available-for-Sale | |||||||||||||||||||||||||||||||||
U.S. Government agencies | $ | 168,055 | $ | 4 | $ | (4,932 | ) | $ | 163,127 | $ | 152,708 | $ | 65 | $ | (292 | ) | $ | 152,481 | |||||||||||||||
Mortgage-backed securities | 1,811 | 183 | - | 1,994 | 20,436 | 287 | (89 | ) | 20,634 | ||||||||||||||||||||||||
State and political subdivisions | 1,268 | - | (5 | ) | 1,263 | 2,989 | - | (1 | ) | 2,988 | |||||||||||||||||||||||
Other securities | 13,082 | 471 | - | 13,553 | 14,787 | 456 | (4 | ) | 15,239 | ||||||||||||||||||||||||
Total AFS | $ | 184,216 | $ | 658 | $ | -4,937 | $ | 179,937 | $ | 190,920 | $ | 808 | $ | (386 | ) | $ | 191,342 | ||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||
(In thousands) | Estimated | Gross | Estimated | Gross | Estimated | Gross | |||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
Held-to-Maturity | |||||||||||||||||||||||||||||||||
U.S. Government agencies | $ | 289,718 | $ | (8,334 | ) | $ | 8,754 | $ | (246 | ) | $ | 298,472 | $ | (8,580 | ) | ||||||||||||||||||
State and political subdivisions | 88,357 | (5,024 | ) | 1,590 | (334 | ) | 89,947 | (5,057 | ) | ||||||||||||||||||||||||
Total HTM | $ | 378,075 | $ | (13,358 | ) | $ | 10,344 | $ | (279 | ) | $ | 388,419 | $ | (13,637 | ) | ||||||||||||||||||
Available-for-Sale | |||||||||||||||||||||||||||||||||
U.S. Government agencies | $ | 154,760 | $ | (4,904 | ) | $ | 973 | $ | (28 | ) | $ | 155,733 | $ | (4,932 | ) | ||||||||||||||||||
State and political subdivisions | 1,213 | (5 | ) | - | - | 1,213 | (5 | ) | |||||||||||||||||||||||||
Total AFS | $ | 155,973 | $ | (4,909 | ) | $ | 973 | $ | (28 | ) | $ | 156,946 | $ | (4,937 | ) | ||||||||||||||||||
Investment Income [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||
Taxable: | |||||||||||||||||||||||||||||||||
Held-to-maturity | $ | 818 | $ | 707 | $ | 2,281 | $ | 2,389 | |||||||||||||||||||||||||
Available-for-sale | 540 | 514 | 1,605 | 1,624 | |||||||||||||||||||||||||||||
Non-taxable: | |||||||||||||||||||||||||||||||||
Held-to-maturity | 2,066 | 1,806 | 5,450 | 5,602 | |||||||||||||||||||||||||||||
Available-for-sale | 4 | - | 13 | - | |||||||||||||||||||||||||||||
Total | $ | 3,428 | $ | 3,027 | $ | 9,349 | $ | 9,615 | |||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Held-to-Maturity | Available-for-Sale | ||||||||||||||||||||||||||||||||
(In thousands) | Amortized | Fair | Amortized | Fair | |||||||||||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||||||||||
One year or less | $ | 29,360 | $ | 29,432 | $ | 350 | $ | 350 | |||||||||||||||||||||||||
After one through five years | 194,855 | 193,353 | 60,734 | 60,389 | |||||||||||||||||||||||||||||
After five through ten years | 227,380 | 220,876 | 109,091 | 104,589 | |||||||||||||||||||||||||||||
After ten years | 129,553 | 126,422 | 959 | 1,056 | |||||||||||||||||||||||||||||
Other securities | 620 | 620 | 13,082 | 13,553 | |||||||||||||||||||||||||||||
Total | $ | 581,768 | $ | 570,703 | $ | 184,216 | $ | 179,937 |
Note_4_Loans_and_Allowance_for1
Note 4 - Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
(In thousands) | September 30, | December 31, | |||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 177,463 | $ | 185,536 | |||||||||||||||||||||||||||||||||
Student loans | 28,392 | 34,145 | |||||||||||||||||||||||||||||||||||
Other consumer | 101,399 | 105,319 | |||||||||||||||||||||||||||||||||||
Total consumer | 307,254 | 325,000 | |||||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||||||
Construction | 161,024 | 138,132 | |||||||||||||||||||||||||||||||||||
Single family residential | 375,703 | 356,907 | |||||||||||||||||||||||||||||||||||
Other commercial | 602,463 | 568,166 | |||||||||||||||||||||||||||||||||||
Total real estate | 1,139,190 | 1,063,205 | |||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 154,508 | 141,336 | |||||||||||||||||||||||||||||||||||
Agricultural | 135,633 | 93,805 | |||||||||||||||||||||||||||||||||||
Total commercial | 290,141 | 235,141 | |||||||||||||||||||||||||||||||||||
Other | 4,576 | 5,167 | |||||||||||||||||||||||||||||||||||
Loans | 1,741,161 | 1,628,513 | |||||||||||||||||||||||||||||||||||
Loans acquired, covered by FDIC loss share (net of discount) | 148,884 | 210,842 | |||||||||||||||||||||||||||||||||||
Loans acquired, not covered by FDIC loss share (net of discount) | 68,133 | 82,764 | |||||||||||||||||||||||||||||||||||
Total loans before allowance for loan losses | $ | 1,958,178 | $ | 1,922,119 | |||||||||||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
(In thousands) | September 30, | December 31, | |||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 336 | $ | 281 | |||||||||||||||||||||||||||||||||
Student Loans | - | - | |||||||||||||||||||||||||||||||||||
Other consumer | 683 | 801 | |||||||||||||||||||||||||||||||||||
Total consumer | 1,019 | 1,082 | |||||||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 102 | 463 | |||||||||||||||||||||||||||||||||||
Single family residential | 2,105 | 2,706 | |||||||||||||||||||||||||||||||||||
Other commercial | 2,225 | 4,254 | |||||||||||||||||||||||||||||||||||
Total real estate | 4,432 | 7,423 | |||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 448 | 471 | |||||||||||||||||||||||||||||||||||
Agricultural | 76 | 147 | |||||||||||||||||||||||||||||||||||
Total commercial | 524 | 618 | |||||||||||||||||||||||||||||||||||
Total | $ | 5,975 | $ | 9,123 | |||||||||||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
(In thousands) | Gross | 90 Days | Total | Current | Total | 90 Days | |||||||||||||||||||||||||||||||
30-89 Days | or More | Past Due | Loans | Past Due & | |||||||||||||||||||||||||||||||||
Past Due | Past Due | Accruing | |||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 687 | $ | 520 | $ | 1,207 | $ | 176,256 | $ | 177,463 | $ | 184 | |||||||||||||||||||||||||
Student loans | 1,705 | 2,966 | 4,671 | 23,721 | 28,392 | 2,966 | |||||||||||||||||||||||||||||||
Other consumer | 953 | 381 | 1,334 | 100,065 | 101,399 | 99 | |||||||||||||||||||||||||||||||
Total consumer | 3,345 | 3,867 | 7,212 | 300,042 | 307,254 | 3,249 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 348 | 13 | 361 | 160,663 | 161,024 | - | |||||||||||||||||||||||||||||||
Single family residential | 2,209 | 1,283 | 3,492 | 372,211 | 375,703 | 308 | |||||||||||||||||||||||||||||||
Other commercial | 934 | 2,095 | 3,029 | 599,434 | 602,463 | - | |||||||||||||||||||||||||||||||
Total real estate | 3,491 | 3,391 | 6,882 | 1,132,308 | 1,139,190 | 308 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 346 | 470 | 816 | 153,692 | 154,508 | 134 | |||||||||||||||||||||||||||||||
Agricultural | 11 | 53 | 64 | 135,569 | 135,633 | - | |||||||||||||||||||||||||||||||
Total commercial | 357 | 523 | 880 | 289,261 | 290,141 | 134 | |||||||||||||||||||||||||||||||
Other | - | - | - | 4,576 | 4,576 | - | |||||||||||||||||||||||||||||||
Total | $ | 7,193 | $ | 7,781 | $ | 14,974 | $ | 1,726,187 | $ | 1,741,161 | $ | 3,691 | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 710 | $ | 547 | $ | 1,257 | $ | 184,279 | $ | 185,536 | $ | 266 | |||||||||||||||||||||||||
Student loans | 901 | 2,234 | 3,135 | 31,010 | 34,145 | 2,234 | |||||||||||||||||||||||||||||||
Other consumer | 1,149 | 529 | 1,678 | 103,641 | 105,319 | 204 | |||||||||||||||||||||||||||||||
Total consumer | 2,760 | 3,310 | 6,070 | 318,930 | 325,000 | 2,704 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 309 | 365 | 674 | 137,458 | 138,132 | - | |||||||||||||||||||||||||||||||
Single family residential | 3,069 | 1,539 | 4,608 | 352,299 | 356,907 | 137 | |||||||||||||||||||||||||||||||
Other commercial | 716 | 3,303 | 4,019 | 564,147 | 568,166 | - | |||||||||||||||||||||||||||||||
Total real estate | 4,094 | 5,207 | 9,301 | 1,053,904 | 1,063,205 | 137 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 340 | 385 | 725 | 140,611 | 141,336 | 74 | |||||||||||||||||||||||||||||||
Agricultural | 81 | 113 | 194 | 93,611 | 93,805 | - | |||||||||||||||||||||||||||||||
Total commercial | 421 | 498 | 919 | 234,222 | 235,141 | 74 | |||||||||||||||||||||||||||||||
Other | - | - | - | 5,167 | 5,167 | - | |||||||||||||||||||||||||||||||
Total | $ | 7,275 | $ | 9,015 | $ | 16,290 | $ | 1,612,223 | $ | 1,628,513 | $ | 2,915 | |||||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
(In thousands) | Unpaid | Recorded | Recorded | Total | Related | Average | Interest | Average | Interest | ||||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Investment | Income | Investment in | Income | |||||||||||||||||||||||||||||
Principal | With No | With | Investment | in Impaired | Recognized | Impaired | Recognized | ||||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Loans | Loans | |||||||||||||||||||||||||||||||||
30-Sep-13 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 520 | $ | 520 | $ | - | $ | 520 | $ | 77 | $ | 514 | $ | 3 | $ | 517 | $ | 11 | |||||||||||||||||||
Other consumer | 878 | 814 | 58 | 872 | 158 | 946 | 9 | 1,014 | 30 | ||||||||||||||||||||||||||||
Total consumer | 1,398 | 1,334 | 58 | 1,392 | 235 | 1,460 | 12 | 1,531 | 41 | ||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 3,237 | 2,020 | 1,174 | 3,194 | 365 | 3,212 | 32 | 3,814 | 114 | ||||||||||||||||||||||||||||
Single family residential | 3,357 | 2,019 | 1,298 | 3,317 | 574 | 3,231 | 32 | 3,705 | 111 | ||||||||||||||||||||||||||||
Other commercial | 9,016 | 5,192 | 2,608 | 7,800 | 522 | 7,932 | 78 | 12,609 | 377 | ||||||||||||||||||||||||||||
Total real estate | 15,610 | 9,231 | 5,080 | 14,311 | 1,461 | 14,375 | 142 | 20,128 | 602 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 695 | 453 | 146 | 599 | 110 | 603 | 6 | 651 | 19 | ||||||||||||||||||||||||||||
Agricultural | 76 | 76 | - | 76 | 8 | 82 | 1 | 86 | 3 | ||||||||||||||||||||||||||||
Total commercial | 771 | 529 | 146 | 675 | 118 | 685 | 7 | 737 | 22 | ||||||||||||||||||||||||||||
Total | $ | 17,779 | $ | 11,094 | $ | 5,284 | $ | 16,378 | $ | 1,814 | $ | 16,520 | $ | 161 | $ | 22,396 | $ | 665 | |||||||||||||||||||
31-Dec-12 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||
September 30, 2012 | September 30, 2012 | ||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 547 | $ | 547 | $ | - | $ | 547 | $ | 82 | $ | 563 | $ | 4 | $ | 570 | $ | 12 | |||||||||||||||||||
Other consumer | 1,140 | 999 | 131 | 1,130 | 249 | 1,193 | 14 | 1,192 | 44 | ||||||||||||||||||||||||||||
Total consumer | 1,687 | 1,546 | 131 | 1,677 | 331 | 1,756 | 18 | 1,762 | 56 | ||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 5,443 | 3,866 | 1,494 | 5,360 | 505 | 5,634 | 68 | 5,493 | 203 | ||||||||||||||||||||||||||||
Single family residential | 4,091 | 2,877 | 1,140 | 4,017 | 494 | 3,611 | 43 | 4,034 | 149 | ||||||||||||||||||||||||||||
Other commercial | 21,199 | 5,903 | 13,078 | 18,981 | 1,310 | 21,992 | 265 | 23,405 | 862 | ||||||||||||||||||||||||||||
Total real estate | 30,733 | 12,646 | 15,712 | 28,358 | 2,309 | 31,237 | 376 | 32,932 | 1,214 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 842 | 487 | 191 | 678 | 179 | 827 | 10 | 810 | 30 | ||||||||||||||||||||||||||||
Agricultural | 236 | 74 | 16 | 90 | 24 | 132 | 2 | 267 | 10 | ||||||||||||||||||||||||||||
Total commercial | 1,078 | 561 | 207 | 768 | 203 | 959 | 12 | 1,077 | 40 | ||||||||||||||||||||||||||||
Total | $ | 33,498 | $ | 14,753 | $ | 16,050 | $ | 30,803 | $ | 2,843 | $ | 33,952 | $ | 406 | $ | 35,771 | $ | 1,310 | |||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Accruing TDR Loans | Nonaccrual TDR | Total TDR Loans | |||||||||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number | Balance | Number | Balance | Number | Balance | |||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Other consumer | 1 | $ | 33 | - | $ | - | 1 | $ | 33 | ||||||||||||||||||||||||||||
Total consumer | 1 | 33 | - | - | 1 | 33 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 1 | 988 | - | - | 1 | 988 | |||||||||||||||||||||||||||||||
Single-family residential | 4 | 874 | 1 | 8 | 5 | 882 | |||||||||||||||||||||||||||||||
Other commercial | 12 | 7,012 | 1 | 608 | 13 | 7,619 | |||||||||||||||||||||||||||||||
Total real estate | 17 | 8,874 | 2 | 616 | 19 | 9,489 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 1 | 39 | 1 | 85 | 2 | 124 | |||||||||||||||||||||||||||||||
Agriculture | 1 | 638 | - | - | 1 | 638 | |||||||||||||||||||||||||||||||
Total commercial | 2 | 677 | 1 | 85 | 3 | 762 | |||||||||||||||||||||||||||||||
Total | 20 | $ | 9,584 | 3 | $ | 701 | 23 | $ | 10,284 | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Other consumer | 1 | $ | 33 | 1 | $ | 12 | 2 | $ | 45 | ||||||||||||||||||||||||||||
Total consumer | 1 | 33 | 1 | 12 | 2 | 45 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 2 | 1,212 | - | - | 2 | 1,212 | |||||||||||||||||||||||||||||||
Single-family residential | 3 | 570 | 1 | 15 | 4 | 585 | |||||||||||||||||||||||||||||||
Other commercial | 14 | 8,508 | 4 | 2,962 | 18 | 11,470 | |||||||||||||||||||||||||||||||
Total real estate | 19 | 10,290 | 5 | 2,977 | 24 | 13,267 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 1 | 39 | 1 | 85 | 2 | 124 | |||||||||||||||||||||||||||||||
Agricultural | 1 | 653 | - | - | 1 | 653 | |||||||||||||||||||||||||||||||
Total commercial | 2 | 692 | 1 | 85 | 3 | 777 | |||||||||||||||||||||||||||||||
Total | 22 | $ | 11,015 | 7 | $ | 3,074 | 29 | $ | 14,089 | ||||||||||||||||||||||||||||
Schedule of Loans Restructured as TDRs [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Modification Type | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Balance Prior | Balance at | Change in | Change in | Financial Impact | |||||||||||||||||||||||||||||||
Loans | to TDR | September 30 | Maturity | Rate | on Date of | ||||||||||||||||||||||||||||||||
Date | Restructure | ||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Single-family residential | 1 | $ | 321 | $ | 311 | $ | - | 311 | $ | - | |||||||||||||||||||||||||||
Total real estate | 1 | 321 | 311 | - | 311 | - | |||||||||||||||||||||||||||||||
Total | 1 | $ | 321 | $ | 311 | $ | - | $ | 311 | $ | - | ||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Other consumer | 1 | $ | 48 | $ | 33 | $ | - | $ | 33 | $ | - | ||||||||||||||||||||||||||
Total consumer | 1 | 48 | 33 | - | 33 | - | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Other commercial | 4 | 1,054 | 887 | - | 887 | - | |||||||||||||||||||||||||||||||
Total real estate | 4 | 1,054 | 887 | - | 887 | - | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 1 | 50 | 39 | - | 39 | - | |||||||||||||||||||||||||||||||
Total commercial | 1 | 50 | 39 | - | 39 | - | |||||||||||||||||||||||||||||||
Total | 6 | $ | 1,152 | $ | 959 | $ | - | $ | 959 | $ | - | ||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
(In thousands) | Risk Rate | Risk Rate | Risk Rate | Risk Rate | Risk Rate | Total | |||||||||||||||||||||||||||||||
1-4 | 5 | 6 | 7 | 8 | |||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 176,943 | $ | - | $ | 520 | $ | - | $ | - | $ | 177,463 | |||||||||||||||||||||||||
Student loans | 25,426 | - | 2,966 | - | - | 28,392 | |||||||||||||||||||||||||||||||
Other consumer | 100,089 | 3 | 1,229 | 60 | 18 | 101,399 | |||||||||||||||||||||||||||||||
Total consumer | 302,458 | 3 | 4,715 | 60 | 18 | 307,254 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 156,701 | 74 | 4,249 | - | - | 161,024 | |||||||||||||||||||||||||||||||
Single family residential | 368,159 | 1,423 | 6,121 | - | - | 375,703 | |||||||||||||||||||||||||||||||
Other commercial | 573,657 | 8,156 | 20,650 | - | - | 602,463 | |||||||||||||||||||||||||||||||
Total real estate | 1,098,517 | 9,653 | 31,020 | - | - | 1,139,190 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 152,158 | 186 | 2,164 | - | - | 154,508 | |||||||||||||||||||||||||||||||
Agricultural | 135,471 | - | 162 | - | - | 135,633 | |||||||||||||||||||||||||||||||
Total commercial | 287,629 | 186 | 2,326 | - | - | 290,141 | |||||||||||||||||||||||||||||||
Other | 4,576 | - | - | - | - | 4,576 | |||||||||||||||||||||||||||||||
Loans acquired, covered by FDIC loss share | 148,884 | - | - | - | - | 148,884 | |||||||||||||||||||||||||||||||
Loans acquired, not covered by FDIC loss share | 68,133 | - | - | - | - | 68,133 | |||||||||||||||||||||||||||||||
Total | $ | 1,910,197 | $ | 9,842 | $ | 38,061 | $ | 60 | $ | 18 | $ | 1,958,178 | |||||||||||||||||||||||||
(In thousands) | Risk Rate | Risk Rate | Risk Rate | Risk Rate | Risk Rate | Total | |||||||||||||||||||||||||||||||
1-4 | 5 | 6 | 7 | 8 | |||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | 184,989 | $ | - | $ | 547 | $ | - | $ | - | $ | 185,536 | |||||||||||||||||||||||||
Student loans | 31,911 | - | 2,234 | - | - | 34,145 | |||||||||||||||||||||||||||||||
Other consumer | 103,597 | 7 | 1,660 | 33 | 22 | 105,319 | |||||||||||||||||||||||||||||||
Total consumer | 320,497 | 7 | 4,441 | 33 | 22 | 325,000 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | 131,873 | 30 | 6,229 | - | - | 138,132 | |||||||||||||||||||||||||||||||
Single family residential | 348,628 | 1,458 | 6,821 | - | - | 356,907 | |||||||||||||||||||||||||||||||
Other commercial | 540,986 | 8,484 | 18,696 | - | - | 568,166 | |||||||||||||||||||||||||||||||
Total real estate | 1,021,487 | 9,972 | 31,746 | - | - | 1,063,205 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | 138,948 | 114 | 2,235 | 39 | - | 141,336 | |||||||||||||||||||||||||||||||
Agricultural | 93,357 | - | 448 | - | - | 93,805 | |||||||||||||||||||||||||||||||
Total commercial | 232,305 | 114 | 2,683 | 39 | - | 235,141 | |||||||||||||||||||||||||||||||
Other | 5,167 | - | - | - | - | 5,167 | |||||||||||||||||||||||||||||||
Loans acquired, covered by FDIC loss share | 210,842 | - | - | - | - | 210,842 | |||||||||||||||||||||||||||||||
Loans acquired, not covered by FDIC loss share | 82,764 | - | - | - | - | 82,764 | |||||||||||||||||||||||||||||||
Total | $ | 1,873,062 | $ | 10,093 | $ | 38,870 | $ | 72 | $ | 22 | $ | 1,922,119 | |||||||||||||||||||||||||
' | |||||||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||
Credit cards | $ | (535 | ) | $ | (564 | ) | $ | (1,747 | ) | $ | (1,968 | ) | |||||||||||||||||||||||||
Student loans | (8 | ) | (20 | ) | (38 | ) | (58 | ) | |||||||||||||||||||||||||||||
Other consumer | (327 | ) | (231 | ) | (670 | ) | (380 | ) | |||||||||||||||||||||||||||||
Total consumer | (870 | ) | (815 | ) | (2,455 | ) | (2,406 | ) | |||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||||||
Construction | - | - | (119 | ) | 46 | ||||||||||||||||||||||||||||||||
Single-family residential | (100 | ) | (246 | ) | (189 | ) | (457 | ) | |||||||||||||||||||||||||||||
Other commercial | 4 | (466 | ) | (551 | ) | (1,741 | ) | ||||||||||||||||||||||||||||||
Total real estate | (96 | ) | (712 | ) | (859 | ) | (2,152 | ) | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||
Commercial | (5 | ) | (24 | ) | (62 | ) | (67 | ) | |||||||||||||||||||||||||||||
Agriculture | 25 | - | (7 | ) | (184 | ) | |||||||||||||||||||||||||||||||
Total commercial | 20 | (24 | ) | (69 | ) | (251 | ) | ||||||||||||||||||||||||||||||
Total | $ | (946 | ) | $ | (1,551 | ) | $ | (3,383 | ) | $ | (4,809 | ) | |||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
(In thousands) | Commercial | Real | Credit | Other | Unallocated | Total | |||||||||||||||||||||||||||||||
Estate | Card | Consumer | |||||||||||||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 3,719 | $ | 15,475 | $ | 6,876 | $ | 1,328 | $ | - | $ | 27,398 | |||||||||||||||||||||||||
Provision for loan losses | (15 | ) | 308 | 369 | 419 | - | 1,081 | ||||||||||||||||||||||||||||||
Charge-offs | (20 | ) | (247 | ) | (770 | ) | (449 | ) | - | (1,486 | ) | ||||||||||||||||||||||||||
Recoveries | 40 | 151 | 235 | 114 | - | 540 | |||||||||||||||||||||||||||||||
Net charge-offs | 20 | (96 | ) | (535 | ) | (335 | ) | - | (946 | ) | |||||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 3,724 | $ | 15,687 | $ | 6,710 | $ | 1,412 | $ | - | $ | 27,533 | |||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 3,446 | $ | 15,453 | $ | 7,211 | $ | 1,772 | $ | - | $ | 27,882 | |||||||||||||||||||||||||
Provision for loan losses | 347 | 1,093 | 1,246 | 348 | - | 3,034 | |||||||||||||||||||||||||||||||
Charge-offs | (249 | ) | (1,373 | ) | (2,422 | ) | (1,133 | ) | - | (5,177 | ) | ||||||||||||||||||||||||||
Recoveries | 180 | 514 | 675 | 425 | - | 1,794 | |||||||||||||||||||||||||||||||
Net charge-offs | (69 | ) | (859 | ) | (1,747 | ) | (708 | ) | - | (3,383 | ) | ||||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 3,724 | $ | 15,687 | $ | 6,710 | $ | 1,412 | $ | - | $ | 27,533 | |||||||||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 118 | $ | 1,461 | $ | 77 | $ | 158 | $ | - | $ | 1,814 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 3,606 | 14,226 | 6,633 | 1,254 | - | 25,719 | |||||||||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 3,724 | $ | 15,687 | $ | 6,710 | $ | 1,412 | $ | - | $ | 27,533 | |||||||||||||||||||||||||
(In thousands) | Commercial | Real | Credit | Other | Unallocated | Total | |||||||||||||||||||||||||||||||
Estate | Card | Consumer | |||||||||||||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1983 | $ | 10,468 | $ | 5,486 | $ | 1,776 | $ | 8,684 | $ | 28,397 | |||||||||||||||||||||||||
Provision for loan losses | 83 | 327 | 527 | 236 | 126 | 1,299 | |||||||||||||||||||||||||||||||
Charge-offs | (86 | ) | (773 | ) | (806 | ) | (358 | ) | - | (2,023 | ) | ||||||||||||||||||||||||||
Recoveries | 62 | 61 | 242 | 107 | - | 472 | |||||||||||||||||||||||||||||||
Net charge-offs | (24 | ) | (712 | ) | (564 | ) | (251 | ) | - | (1,551 | ) | ||||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 2,042 | $ | 10,083 | $ | 5,449 | $ | 1,761 | $ | 8,810 | $ | 28,145 | |||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 2,063 | $ | 10,117 | $ | 5,513 | $ | 1,847 | $ | 10,568 | $ | 30,108 | |||||||||||||||||||||||||
Provision for loan losses | 230 | 2,118 | 1904 | 352 | (1,758 | ) | 2,846 | ||||||||||||||||||||||||||||||
Charge-offs | (380 | ) | (3,390 | ) | (2,632 | ) | (836 | ) | - | (7,238 | ) | ||||||||||||||||||||||||||
Recoveries | 129 | 1,238 | 664 | 398 | - | 2,429 | |||||||||||||||||||||||||||||||
Net charge-offs | (251 | ) | (2,152 | ) | (1,968 | ) | (438 | ) | - | (4,809 | ) | ||||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 2,042 | $ | 10,083 | $ | 5,449 | $ | 1,761 | $ | 8,810 | $ | 28,145 | |||||||||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 272 | $ | 2,676 | $ | 89 | $ | 254 | $ | - | $ | 3291 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,770 | 7,407 | 5,360 | 1,507 | 8,810 | 24,854 | |||||||||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 2,042 | $ | 10,083 | $ | 5,449 | $ | 1,761 | $ | 8,810 | $ | 28,145 | |||||||||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 203 | $ | 2,309 | $ | 82 | $ | 249 | $ | - | $ | 2,843 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 3,243 | 13,144 | 7,129 | 1,523 | - | 25,039 | |||||||||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 3,446 | $ | 15,453 | $ | 7,211 | $ | 1,772 | $ | - | $ | 27,882 | |||||||||||||||||||||||||
' | |||||||||||||||||||||||||||||||||||||
(In thousands) | Commercial | Real | Credit | Other | Total | ||||||||||||||||||||||||||||||||
Estate | Card | Consumer | |||||||||||||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 675 | $ | 14,311 | $ | 520 | $ | 872 | $ | 16,378 | |||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 289,466 | 1,124,879 | 176,943 | 133,495 | 1,724,783 | ||||||||||||||||||||||||||||||||
Balance, end of period | $ | 290,141 | $ | 1,139,190 | $ | 177,463 | $ | 134,367 | $ | 1,741,161 | |||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 768 | $ | 28,358 | $ | 547 | $ | 1,130 | $ | 30,803 | |||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 234,373 | 1,034,847 | 184,989 | 143,501 | 1,597,710 | ||||||||||||||||||||||||||||||||
Balance, end of period | $ | 235,141 | $ | 1,063,205 | $ | 185,536 | $ | 144,631 | $ | 1,628,513 |
Note_5_Loans_Acquired_Tables
Note 5 - Loans Acquired (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Loans Acquired [Abstract] | ' | ||||||||||||||||
Carrying Value Of All Acquired Impaired Loans [Table Text Block] | ' | ||||||||||||||||
Loans Acquired | |||||||||||||||||
(in thousands) | September 30, | December 31, | |||||||||||||||
2013 | 2012 | ||||||||||||||||
Consumer: | |||||||||||||||||
Credit cards | $ | 9,379 | $ | - | |||||||||||||
Other consumer | 972 | 1,847 | |||||||||||||||
Total consumer | 10,351 | 1,847 | |||||||||||||||
Real estate: | |||||||||||||||||
Construction | 15,015 | 19,172 | |||||||||||||||
Single family residential | 70,907 | 90,795 | |||||||||||||||
Other commercial | 112,959 | 160,148 | |||||||||||||||
Total real estate | 198,881 | 270,115 | |||||||||||||||
Commercial: | |||||||||||||||||
Commercial | 7,785 | 18,950 | |||||||||||||||
Agricultural | - | 2,694 | |||||||||||||||
Total commercial | 7,785 | 21,644 | |||||||||||||||
Total loans acquired (1) (2) | $ | 217,017 | $ | 293,606 | |||||||||||||
Schedule of Adjustments Related to Purchased Covered Impaired Loans [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Impact on net interest income | $ | 4,005 | $ | 2,915 | $ | 10,102 | $ | 9,104 | |||||||||
Non-interest income | (3,844 | ) | (2,729 | ) | (9,734 | ) | (8,245 | ) | |||||||||
Net impact to pre-tax income | 161 | 186 | 368 | 859 | |||||||||||||
Net impact, net of taxes | $ | 98 | $ | 113 | $ | 224 | $ | 522 | |||||||||
Schedule of Accretable Yield [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||
(In thousands) | Accretable | Carrying | Accretable | Carrying | |||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||
Loans | Loans | ||||||||||||||||
Beginning balance | $ | 41,535 | $ | 227,236 | $ | 58,066 | $ | 293,606 | |||||||||
Additions | - | 9,047 | - | 9,047 | |||||||||||||
Accretable yield adjustments | 17,380 | - | 17,380 | - | |||||||||||||
Accretion | (8,384 | ) | 8,384 | (24,915 | ) | 24,915 | |||||||||||
Payments and other reductions, net | - | (27,650 | ) | - | (110,551 | ) | |||||||||||
Balance, ending | $ | 50,531 | $ | 217,017 | $ | 50,531 | $ | 217,017 | |||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, 2012 | 30-Sep-12 | ||||||||||||||||
(In thousands) | Accretable | Carrying | Accretable | Carrying | |||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||
Loans | Loans | ||||||||||||||||
Beginning balance | $ | 31,865 | $ | 114,189 | $ | 42,833 | $ | 158,075 | |||||||||
Additions | 21,200 | 130,536 | 21,200 | 130,536 | |||||||||||||
Accretable yield adjustments | - | - | - | - | |||||||||||||
Accretion | (5,041 | ) | 5,041 | (16,009 | ) | 16,009 | |||||||||||
Payments and other reductions, net | - | (13,086 | ) | - | (67,940 | ) | |||||||||||
Balance, ending | $ | 48,024 | $ | 236,680 | $ | 48,024 | $ | 236,680 | |||||||||
Summary Of The Changes In The FDIC True-Up Provision [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Beginning balance | $ | 5,577 | $ | 3,987 | $ | 4,854 | $ | 3,419 | |||||||||
FDIC true-up provision recorded on new acquisitions | - | - | - | - | |||||||||||||
Amortization expense | 40 | 37 | 121 | 103 | |||||||||||||
Adjustments related to changes in expected losses | 350 | 246 | 992 | 748 | |||||||||||||
Balance, ending | $ | 5,967 | $ | 4,270 | $ | 5,967 | $ | 4,270 |
Note_6_Goodwill_And_Other_Inta1
Note 6 - Goodwill And Other Intagible Assets (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||
Schedule of Intangible Assets and Goodwill [Table Text Block] | ' | ||||||||
(In thousands) | September 30, | December 31, | |||||||
2013 | 2012 | ||||||||
Goodwill | $ | 60,605 | $ | 60,605 | |||||
Core deposit premiums: | |||||||||
Gross carrying amount | 5,401 | 5,597 | |||||||
Accumulated amortization | (2,049 | ) | (1,837 | ) | |||||
Core deposit premiums, net | 3,352 | 3,760 | |||||||
Purchased credit card relationships: | |||||||||
Gross carrying amount | 2,068 | - | |||||||
Accumulated amortization | - | - | |||||||
Purchased credit card relationships, net | 2,068 | - | |||||||
Other intangible assets, net | 5,420 | 3,760 | |||||||
Total goodwill and other intangible assets | $ | 66,025 | $ | 64,365 | |||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||
(In thousands) | Year | Amortization | |||||||
Expense | |||||||||
Remainder of 2013 | $ | 106 | |||||||
2014 | 410 | ||||||||
2015 | 403 | ||||||||
2016 | 401 | ||||||||
2017 | 401 | ||||||||
Thereafter | 1,631 | ||||||||
Total | $ | 3,352 | |||||||
(In thousands) | Year | Amortization | |||||||
Expense | |||||||||
Remainder of 2013 | $ | 103 | |||||||
2014 | 414 | ||||||||
2015 | 414 | ||||||||
2016 | 414 | ||||||||
2017 | 413 | ||||||||
Thereafter | 310 | ||||||||
Total | $ | 2,068 |
Note_8_Income_Taxes_Tables
Note 8 - Income Taxes (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||
September 30, | September 30, | ||||||||
(In thousands) | 2013 | 2012 | |||||||
Income taxes currently payable | $ | 10,781 | $ | 8,389 | |||||
Deferred income taxes | (2,274 | ) | 86 | ||||||
Provision for income taxes | $ | 8,507 | $ | 8,475 | |||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||
(In thousands) | September 30, | December 31, | |||||||
2013 | 2012 | ||||||||
Deferred tax assets | |||||||||
Loans acquired | $ | 18,632 | $ | 24,186 | |||||
FDIC true-up liability | 2,207 | 1,775 | |||||||
Allowance for loan losses | 10,713 | 10,736 | |||||||
Valuation of foreclosed assets | 222 | 669 | |||||||
Deferred compensation payable | 1,755 | 1,676 | |||||||
FHLB advances | 313 | 409 | |||||||
Vacation compensation | 1,117 | 1,058 | |||||||
Accumulated depreciation | 738 | 280 | |||||||
Loan interest | 767 | 767 | |||||||
Available-for-sale securities | 1,678 | - | |||||||
Other | 594 | 569 | |||||||
Total deferred tax assets | 38,736 | 42,125 | |||||||
Deferred tax liabilities | |||||||||
Deferred loan fee income and expenses, net | (3,291 | ) | (2,373 | ) | |||||
FHLB stock dividends | (300 | ) | (296 | ) | |||||
Goodwill and core deposit premium amortization | (12,289 | ) | (11,190 | ) | |||||
FDIC indemnification asset | (24,048 | ) | (31,846 | ) | |||||
Available-for-sale securities | - | (166 | ) | ||||||
Other | (1,879 | ) | (3,443 | ) | |||||
Total deferred tax liabilities | (41,807 | ) | (49,314 | ) | |||||
Net deferred tax liabilities included in other liabilities on balance sheets | $ | (3,071 | ) | $ | (7,189 | ) | |||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||
(In thousands) | September 30, | September 30, | |||||||
2013 | 2012 | ||||||||
Computed at the statutory rate (35%) | $ | 9,783 | $ | 9,844 | |||||
Increase (decrease) in taxes resulting from: | |||||||||
State income taxes, net of federal tax benefit | 777 | 773 | |||||||
Tax exempt interest income | (1,932 | ) | (1,980 | ) | |||||
Tax exempt earnings on BOLI | (341 | ) | (377 | ) | |||||
Other differences, net | 220 | 215 | |||||||
Actual tax provision | $ | 8,507 | $ | 8,475 |
Note_9_Other_Borrowings_and_Su1
Note 9 - Other Borrowings and Subordinated Debentures (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||
(In thousands) | September 30, | December 31, | |||||||
2013 | 2012 | ||||||||
Other Borrowings | |||||||||
FHLB advances, due 2013 to 2033, 0.35% to 8.41% secured by real estate loans | $ | 75,987 | $ | 89,441 | |||||
Subordinated Debentures | |||||||||
Trust preferred securities, due 12/30/2033, floating rate of 2.80% above the three month LIBOR rate, reset quarterly, callable without penalty | 20,620 | 20,620 | |||||||
Total other borrowings and subordinated debentures | $ | 96,607 | $ | 110,061 | |||||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | ||||||||
(In thousands) | Year | Annual | |||||||
Maturities | |||||||||
2013 | $ | 6,951 | |||||||
2014 | 6,332 | ||||||||
2015 | 10,462 | ||||||||
2016 | 9,057 | ||||||||
2017 | 21,838 | ||||||||
Thereafter | 41,967 | ||||||||
Total | $ | 96,607 |
Note_13_Stock_Based_Compensati1
Note 13 - Stock Based Compensation (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||||||||||
Stock Options | Non-Vested Stock | |||||||||||||||||||
Outstanding | Awards Outstanding | |||||||||||||||||||
Number | Weighted | Number | Weighted | |||||||||||||||||
of | Average | of | Average | |||||||||||||||||
Shares | Exercise | Shares | Grant-Date | |||||||||||||||||
Price | Fair-Value | |||||||||||||||||||
Balance, January 1, 2013 | 217,650 | $ | 26.77 | 134,730 | $ | 25.89 | ||||||||||||||
Granted | - | - | 64,506 | 25.58 | ||||||||||||||||
Stock Options Exercised | (6,000 | ) | 23.78 | - | - | |||||||||||||||
Stock Awards Vested | - | - | (46,975 | ) | 26.92 | |||||||||||||||
Forfeited/Expired | (4,522 | ) | 27.07 | - | - | |||||||||||||||
Balance, September 30, 2013 | 207,128 | $ | 26.85 | 152,261 | $ | 25.44 | ||||||||||||||
Exercisable, September 30, 2013 | 207,128 | $ | 26.85 | |||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | |||||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||||||
Range of | Number | Weighted | Weighted | Number | Weighted | |||||||||||||||
Exercise Prices | of Shares | Average | Average | of Shares | Average | |||||||||||||||
Remaining | Exercise | Exercise | ||||||||||||||||||
Contractual | Price | Price | ||||||||||||||||||
Life (Years) | ||||||||||||||||||||
$23.78 | - | $23.78 | 39,800 | 0.8 | $ | 23.78 | 39,800 | $ | 23.78 | |||||||||||
24.5 | - | 24.5 | 30,800 | 1.6 | 24.5 | 30,800 | 24.5 | |||||||||||||
26.19 | - | 27.67 | 47,100 | 2.6 | 26.21 | 47,100 | 26.21 | |||||||||||||
28.42 | - | 28.42 | 45,100 | 3.5 | 28.42 | 45,100 | 28.42 | |||||||||||||
30.31 | - | 30.31 | 44,328 | 4.5 | 30.31 | 44,328 | 30.31 |
Note_14_Additional_Cash_Flow_I1
Note 14 - Additional Cash Flow Information (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | ' | ||||||||
Nine Months Ended | |||||||||
September 30, | |||||||||
(In thousands) | 2013 | 2012 | |||||||
Interest paid | $ | 9,136 | $ | 11,729 | |||||
Income taxes paid | 11,243 | 10,965 | |||||||
Transfers of loans to foreclosed assets | 5,794 | 4,321 | |||||||
Transfers of loans acquired, covered by FDIC loss share, to foreclosed assets covered by FDIC loss share | 7,324 | 9,667 | |||||||
Unsettled purchase of credit card portfolio | 10,999 | - | |||||||
Unsettled retirement of trust preferred securities | - | 10,310 |
Note_15_Other_Operating_Expens1
Note 15 - Other Operating Expenses (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Income and Expenses [Abstract] | ' | ||||||||||||||||
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Professional services | $ | 913 | $ | 1,078 | $ | 3,160 | $ | 3,196 | |||||||||
Postage | 597 | 574 | 1,838 | 1,820 | |||||||||||||
Telephone | 542 | 586 | 1,751 | 1,666 | |||||||||||||
Credit card expense | 1,706 | 1,787 | 5,038 | 5,198 | |||||||||||||
Operating supplies | 341 | 342 | 1,136 | 1,009 | |||||||||||||
Amortization of intangibles | 135 | 74 | 408 | 221 | |||||||||||||
Other expense | 3,700 | 2,778 | 10,198 | 8,818 | |||||||||||||
Total other operating expenses | $ | 7,934 | $ | 7,219 | $ | 23,529 | $ | 21,928 |
Note_18_Fair_Value_Measurement1
Note 18 - Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||
U.S. Government agencies | $ | 163,127 | $ | - | $ | 163,127 | $ | - | |||||||||||||
Mortgage-backed securities | 1,994 | - | 1,994 | - | |||||||||||||||||
State and political subdivisions | 1,263 | - | 1,263 | - | |||||||||||||||||
Other securities | 13,553 | 1,504 | 12,049 | - | |||||||||||||||||
Assets held in trading accounts | 8,744 | 1,650 | 7,094 | - | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||
U.S. Government agencies | $ | 152,481 | $ | - | $ | 152,481 | $ | - | |||||||||||||
Mortgage-backed securities | 20,634 | - | 20,634 | - | |||||||||||||||||
State and political subdivisions | 2,988 | - | 2,988 | - | |||||||||||||||||
Other securities | 15,239 | 1,504 | 13,735 | - | |||||||||||||||||
Assets held in trading accounts | 6,224 | 1,800 | 4,424 | - | |||||||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Impaired loans (1) (2) (collateral dependent) | $ | 3,132 | $ | - | $ | - | $ | 3,132 | |||||||||||||
Foreclosed assets held for sale (1) | 447 | - | - | 447 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Impaired loans (1) (2) (collateral dependent) | $ | 4,900 | $ | - | $ | - | $ | 4,900 | |||||||||||||
Foreclosed assets held for sale (1) | 1,484 | - | - | 1,484 | |||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||
Carrying | Fair Value Measurements | ||||||||||||||||||||
(In thousands) | Amount | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 376,485 | $ | 376,485 | $ | - | $ | - | $ | 376,485 | |||||||||||
Held-to-maturity securities | 581,768 | - | 570,703 | - | 570,703 | ||||||||||||||||
Mortgage loans held for sale | 10,605 | - | - | 10,605 | 10,605 | ||||||||||||||||
Interest receivable | 15,635 | - | 15,635 | - | 15,635 | ||||||||||||||||
Loans | 1,713,628 | - | - | 1,702,306 | 1,702,306 | ||||||||||||||||
Loans acquired, covered by FDIC loss share | 148,884 | - | - | 145,971 | 145,971 | ||||||||||||||||
Loans acquired, not covered by FDIC loss share | 68,133 | - | - | 66,163 | 66,163 | ||||||||||||||||
FDIC indemnification asset | 61,500 | - | - | 61,500 | 61,500 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Non-interest bearing transaction accounts | 580,063 | - | 580,063 | - | 580,063 | ||||||||||||||||
Interest bearing transaction accounts and savings deposits | 1,453,139 | - | 1,453,139 | - | 1,453,139 | ||||||||||||||||
Time deposits | 805,596 | - | - | 808,972 | 808,972 | ||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 62,311 | - | 62,311 | - | 62,311 | ||||||||||||||||
Other borrowings | 75,987 | - | 77,594 | - | 77,594 | ||||||||||||||||
Subordinated debentures | 20,620 | - | 13,165 | - | 13,165 | ||||||||||||||||
Interest payable | 954 | - | 954 | - | 954 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 537,797 | $ | 537,797 | $ | - | $ | - | $ | 537,797 | |||||||||||
Held-to-maturity securities | 496,141 | - | 500,578 | - | 500,578 | ||||||||||||||||
Mortgage loans held for sale | 25,367 | - | - | 25,367 | 25,367 | ||||||||||||||||
Interest receivable | 14,530 | - | 14,530 | - | 14,530 | ||||||||||||||||
Loans | 1,600,631 | - | - | 1,602,014 | 1,602,014 | ||||||||||||||||
Loans acquired, covered by FDIC loss share | 210,842 | - | - | 208,685 | 208,685 | ||||||||||||||||
Loans acquired, not covered by FDIC loss share | 82,764 | - | - | 82,764 | 82,764 | ||||||||||||||||
FDIC indemnification asset | 75,286 | - | - | 75,286 | 75,286 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Non-interest bearing transaction accounts | 576,655 | - | 576,655 | - | 576,655 | ||||||||||||||||
Interest bearing transaction accounts and savings deposits | 1,421,137 | - | 1,421,137 | - | 1,421,137 | ||||||||||||||||
Time deposits | 876,371 | - | - | 880,201 | 880,201 | ||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 104,078 | - | 104,078 | - | 104,078 | ||||||||||||||||
Other borrowings | 89,441 | - | 94,472 | - | 94,472 | ||||||||||||||||
Subordinated debentures | 20,620 | - | 15,414 | - | 15,414 | ||||||||||||||||
Interest payable | 1,096 | - | 1,096 | - | 1,096 |
Note_1_Basis_of_Presentation_D
Note 1 - Basis of Presentation (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Disclosure Text Block [Abstract] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 138,528 | 177,870 | 138,528 | 177,870 |
Note_1_Basis_of_Presentation_D1
Note 1 - Basis of Presentation (Details) - Following is the computation of per share earnings for the three and nine months ended September 30, (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Following is the computation of per share earnings for the three and nine months ended September 30, [Abstract] | ' | ' | ' | ' | ' |
Net income (in Dollars) | $6,932 | $8,033 | $6,760 | $19,445 | $19,651 |
Average common shares outstanding | 16,220 | ' | 16,757 | 16,383 | 17,005 |
Average potential dilutive common shares | 5 | ' | 3 | 5 | 3 |
Average diluted common shares | 16,225 | ' | 16,760 | 16,388 | 17,008 |
Basic earnings per share (in Dollars per share) | $0.43 | ' | $0.41 | $1.19 | $1.16 |
Diluted earnings per share (in Dollars per share) | $0.43 | ' | $0.41 | $1.19 | $1.16 |
Note_2_Pending_Acquisition_Det
Note 2 - Pending Acquisition (Details) (USD $) | 0 Months Ended | ||
Sep. 12, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Note 2 - Pending Acquisition (Details) [Line Items] | ' | ' | ' |
Payments to Acquire Businesses, Gross | $53,600,000 | ' | ' |
Proceeds from Issuance of Unsecured Debt | 46,000,000 | ' | ' |
Debt Instrument, Interest Rate During Period | 3.25% | ' | ' |
Debt Instrument, Term | '3 years | ' | ' |
Assets | ' | 3,441,709,000 | 3,527,489,000 |
Deposits | ' | 2,838,798,000 | 2,874,163,000 |
Upon Completion of the Transaction [Member] | ' | ' | ' |
Note 2 - Pending Acquisition (Details) [Line Items] | ' | ' | ' |
Assets | 4,400,000,000 | ' | ' |
Deposits | 3,700,000,000 | ' | ' |
Loans Receivable, Net | $2,300,000,000 | ' | ' |
Note_3_Investment_Securities_D
Note 3 - Investment Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Investments, Debt and Equity Securities [Abstract] | ' | ' | ' | ' | ' |
Available-for-sale Securities Pledged as Collateral | $476,300,000 | ' | $476,300,000 | ' | $434,800,000 |
Securities Sold under Agreements to Repurchase | 58,100,000 | ' | 58,100,000 | ' | 58,800,000 |
Available-for-sale Securities, Gross Realized Gain (Loss) | $0 | $0 | ($193,000) | $0 | ' |
Note_3_Investment_Securities_D1
Note 3 - Investment Securities (Details) - Investment Securities (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Note 3 - Investment Securities (Details) - Investment Securities [Line Items] | ' | ' |
Held-to-Maturity Securities Amortized Cost | $581,768 | $496,141 |
Held-to-Maturity Securities Gross Unrealized Gains | 2,572 | 5,276 |
Held-to-Maturity Securities Gross Unrealized (Losses) | -13,637 | -839 |
Held-to-Maturity Securities Estimated Fair Value | 570,703 | 500,578 |
Available-for-Sale Securities Amortized Cost | 184,216 | 190,920 |
Available-for-Sale Securities Gross Unrealized Gains | 658 | 808 |
Available-for-Sale Securities Gross Unrealized (Losses) | -4,937 | -386 |
Available-for-Sale Securities Estimated Fair Value | 179,937 | 191,342 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 3 - Investment Securities (Details) - Investment Securities [Line Items] | ' | ' |
Held-to-Maturity Securities Amortized Cost | 313,052 | 288,098 |
Held-to-Maturity Securities Gross Unrealized Gains | 23 | 135 |
Held-to-Maturity Securities Gross Unrealized (Losses) | -8,580 | -679 |
Held-to-Maturity Securities Estimated Fair Value | 304,495 | 287,554 |
Available-for-Sale Securities Amortized Cost | 168,055 | 152,708 |
Available-for-Sale Securities Gross Unrealized Gains | 4 | 65 |
Available-for-Sale Securities Gross Unrealized (Losses) | -4,932 | -292 |
Available-for-Sale Securities Estimated Fair Value | 163,127 | 152,481 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' |
Note 3 - Investment Securities (Details) - Investment Securities [Line Items] | ' | ' |
Held-to-Maturity Securities Amortized Cost | 41 | 49 |
Held-to-Maturity Securities Gross Unrealized Gains | 1 | 1 |
Held-to-Maturity Securities Estimated Fair Value | 42 | 50 |
Available-for-Sale Securities Amortized Cost | 1,811 | 20,436 |
Available-for-Sale Securities Gross Unrealized Gains | 183 | 287 |
Available-for-Sale Securities Gross Unrealized (Losses) | ' | -89 |
Available-for-Sale Securities Estimated Fair Value | 1,994 | 20,634 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 3 - Investment Securities (Details) - Investment Securities [Line Items] | ' | ' |
Held-to-Maturity Securities Amortized Cost | 268,055 | 207,374 |
Held-to-Maturity Securities Gross Unrealized Gains | 2,548 | 5,140 |
Held-to-Maturity Securities Gross Unrealized (Losses) | -5,057 | -160 |
Held-to-Maturity Securities Estimated Fair Value | 265,546 | 212,354 |
Available-for-Sale Securities Amortized Cost | 1,268 | 2,989 |
Available-for-Sale Securities Gross Unrealized (Losses) | -5 | -1 |
Available-for-Sale Securities Estimated Fair Value | 1,263 | 2,988 |
Other Securities [Member] | ' | ' |
Note 3 - Investment Securities (Details) - Investment Securities [Line Items] | ' | ' |
Held-to-Maturity Securities Amortized Cost | 620 | 620 |
Held-to-Maturity Securities Estimated Fair Value | 620 | 620 |
Available-for-Sale Securities Amortized Cost | 13,082 | 14,787 |
Available-for-Sale Securities Gross Unrealized Gains | 471 | 456 |
Available-for-Sale Securities Gross Unrealized (Losses) | ' | -4 |
Available-for-Sale Securities Estimated Fair Value | $13,553 | $15,239 |
Note_3_Investment_Securities_D2
Note 3 - Investment Securities (Details) - Securities with Unrealized Losses (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Held-to-Maturity | ' |
Held-to-Maturity Securities Less Than 12 Months Estimated Fair Value | $378,075 |
Held-to-Maturity Securities Less Than 12 Months Gross Unrealized Losses | -13,358 |
Held-to-Maturity Securities 12 Months or More Estimated Fair Value | 10,344 |
Held-to-Maturity Securities 12 Months or More Gross Unrealized Losses | -279 |
Held-to-Maturity Securities Estimated Fair Value | 388,419 |
Held-to-Maturity Securities Gross Unrealized Losses | -13,637 |
Available-for-Sale | ' |
Available-for-Sale Securities Less Than 12 Months Estimated Fair Value | 155,973 |
Available-for-Sale Securities Less Than 12 Months Gross Unrealized Losses | -4,909 |
Available-for-Sale Securities 12 Months or More Estimated Fair Value | 973 |
Available-for-Sale Securities 12 Months or More Gross Unrealized Losses | -28 |
Available-for-Sale Securities Estimated Fair Value | 156,946 |
Available-for-Sale Securities Gross Unrealized Losses | -4,937 |
US Government Agencies Debt Securities [Member] | ' |
Held-to-Maturity | ' |
Held-to-Maturity Securities Less Than 12 Months Estimated Fair Value | 289,718 |
Held-to-Maturity Securities Less Than 12 Months Gross Unrealized Losses | -8,334 |
Held-to-Maturity Securities 12 Months or More Estimated Fair Value | 8,754 |
Held-to-Maturity Securities 12 Months or More Gross Unrealized Losses | -246 |
Held-to-Maturity Securities Estimated Fair Value | 298,472 |
Held-to-Maturity Securities Gross Unrealized Losses | -8,580 |
Available-for-Sale | ' |
Available-for-Sale Securities Less Than 12 Months Estimated Fair Value | 154,760 |
Available-for-Sale Securities Less Than 12 Months Gross Unrealized Losses | -4,904 |
Available-for-Sale Securities 12 Months or More Estimated Fair Value | 973 |
Available-for-Sale Securities 12 Months or More Gross Unrealized Losses | -28 |
Available-for-Sale Securities Estimated Fair Value | 155,733 |
Available-for-Sale Securities Gross Unrealized Losses | -4,932 |
US States and Political Subdivisions Debt Securities [Member] | ' |
Held-to-Maturity | ' |
Held-to-Maturity Securities Less Than 12 Months Estimated Fair Value | 88,357 |
Held-to-Maturity Securities Less Than 12 Months Gross Unrealized Losses | -5,024 |
Held-to-Maturity Securities 12 Months or More Estimated Fair Value | 1,590 |
Held-to-Maturity Securities 12 Months or More Gross Unrealized Losses | -334 |
Held-to-Maturity Securities Estimated Fair Value | 89,947 |
Held-to-Maturity Securities Gross Unrealized Losses | -5,057 |
Available-for-Sale | ' |
Available-for-Sale Securities Less Than 12 Months Estimated Fair Value | 1,213 |
Available-for-Sale Securities Less Than 12 Months Gross Unrealized Losses | -5 |
Available-for-Sale Securities 12 Months or More Estimated Fair Value | 0 |
Available-for-Sale Securities 12 Months or More Gross Unrealized Losses | 0 |
Available-for-Sale Securities Estimated Fair Value | 1,213 |
Available-for-Sale Securities Gross Unrealized Losses | ($5) |
Note_3_Investment_Securities_D3
Note 3 - Investment Securities (Details) - Income Earned on Securities (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Non-taxable: | ' | ' | ' | ' |
Total | $3,428 | $3,027 | $9,349 | $9,615 |
Held-to-Maturity Securities [Member] | ' | ' | ' | ' |
Taxable: | ' | ' | ' | ' |
Taxable Investment Income | 818 | 707 | 2,281 | 2,389 |
Non-taxable: | ' | ' | ' | ' |
Non-taxable Investment Income | 2,066 | 1,806 | 5,450 | 5,602 |
Available-for-sale Securities [Member] | ' | ' | ' | ' |
Taxable: | ' | ' | ' | ' |
Taxable Investment Income | 540 | 514 | 1,605 | 1,624 |
Non-taxable: | ' | ' | ' | ' |
Non-taxable Investment Income | $4 | ' | $13 | ' |
Note_3_Investment_Securities_D4
Note 3 - Investment Securities (Details) - Maturities of Investment Securities (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Maturities of Investment Securities [Abstract] | ' | ' |
One year or less | $29,360 | ' |
One year or less | 29,432 | ' |
One year or less | 350 | ' |
One year or less | 350 | ' |
After one through five years | 194,855 | ' |
After one through five years | 193,353 | ' |
After one through five years | 60,734 | ' |
After one through five years | 60,389 | ' |
After five through ten years | 227,380 | ' |
After five through ten years | 220,876 | ' |
After five through ten years | 109,091 | ' |
After five through ten years | 104,589 | ' |
After ten years | 129,553 | ' |
After ten years | 126,422 | ' |
After ten years | 959 | ' |
After ten years | 1,056 | ' |
Other securities | 620 | ' |
Other securities | 620 | ' |
Other securities | 13,082 | ' |
Other securities | 13,553 | ' |
Total | 581,768 | 496,141 |
Total | 570,703 | 500,578 |
Total | 184,216 | ' |
Total | $179,937 | $191,342 |
Note_4_Loans_and_Allowance_for2
Note 4 - Loans and Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | $16,400,000 | $16,400,000 | ' | $30,800,000 |
Impaired Financing Receivable, Related Allowance | 1,800,000 | 1,800,000 | ' | 2,800,000 |
Impaired Financing Receivable, Interest Income, Accrual Method | 161,000 | 665,000 | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 16,500,000 | 22,400,000 | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 6 | ' |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | ' | 1,152,000 | ' |
Loans Receivable [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,960,000,000 | 1,960,000,000 | ' | 1,920,000,000 |
Student Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 28,392,000 | 28,392,000 | ' | 34,145,000 |
Percentage of Portfolio | 97.00% | 97.00% | ' | ' |
Restructured During Current Period [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | 1 | ' | ' |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | 321,000 | ' | ' |
Risk Ratings 6,7, and 8 [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' |
Loans And Leases Receivable Classified | $38,100,000 | $38,100,000 | ' | $39,000,000 |
Note_4_Loans_and_Allowance_for3
Note 4 - Loans and Allowance for Loan Losses (Details) - Loan portfolio by categories: (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Consumer: | ' | ' |
Loans acquired, covered by FDIC loss share (net of discount) | $148,884 | $210,842 |
Loans acquired, not covered by FDIC loss share (net of discount) | 68,133 | 82,764 |
Credit Cards [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 177,463 | 185,536 |
Student Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 28,392 | 34,145 |
Other Consumer [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 101,399 | 105,319 |
Consumer Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 307,254 | 325,000 |
Construction Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 161,024 | 138,132 |
Single Family Residential Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 375,703 | 356,907 |
Other Commercial Real Estate Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 602,463 | 568,166 |
Real Estate Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 1,139,190 | 1,063,205 |
Other Commercial Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 154,508 | 141,336 |
Agricultural Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 135,633 | 93,805 |
Commercial Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 290,141 | 235,141 |
Other Loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 4,576 | 5,167 |
Loans, excluding acquired loans [Member] | ' | ' |
Consumer: | ' | ' |
Loans | 1,741,161 | 1,628,513 |
Loans, including acquired loans [Member] | ' | ' |
Consumer: | ' | ' |
Total loans before allowance for loan losses | $1,958,178 | $1,922,119 |
Note_4_Loans_and_Allowance_for4
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: (Loans, excluding acquired loans [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | $5,975 | $9,123 |
Credit Cards [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 336 | 281 |
Other Consumer [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 683 | 801 |
Total Consumer Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 1,019 | 1,082 |
Construction Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 102 | 463 |
Single Family Residential Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 2,105 | 2,706 |
Other Commercial Real Estate Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 2,225 | 4,254 |
Total Real Estate Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 4,432 | 7,423 |
Commercial [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 448 | 471 |
Agricultural Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | 76 | 147 |
Total Commercial Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual loans, excluding loans acquired, segregated by class of loans: [Line Items] | ' | ' |
Loans in nonaccrual status | $524 | $618 |
Note_4_Loans_and_Allowance_for5
Note 4 - Loans and Allowance for Loan Losses (Details) - Age analysis of past due loans, excluding loans acquired, segregated by class of loans: (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans, excluding acquired loans [Member] | Credit Cards [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | $687 | $710 |
90 Days or More Past Due | 520 | 547 |
Total Past Due | 1,207 | 1,257 |
Current | 176,256 | 184,279 |
Total Loans | 177,463 | 185,536 |
90 Days Past Due & Accruing | 184 | 266 |
Loans, excluding acquired loans [Member] | Student Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 1,705 | 901 |
90 Days or More Past Due | 2,966 | 2,234 |
Total Past Due | 4,671 | 3,135 |
Current | 23,721 | 31,010 |
Total Loans | 28,392 | 34,145 |
90 Days Past Due & Accruing | 2,966 | 2,234 |
Loans, excluding acquired loans [Member] | Other Consumer [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 953 | 1,149 |
90 Days or More Past Due | 381 | 529 |
Total Past Due | 1,334 | 1,678 |
Current | 100,065 | 103,641 |
Total Loans | 101,399 | 105,319 |
90 Days Past Due & Accruing | 99 | 204 |
Loans, excluding acquired loans [Member] | Consumer Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 3,345 | 2,760 |
90 Days or More Past Due | 3,867 | 3,310 |
Total Past Due | 7,212 | 6,070 |
Current | 300,042 | 318,930 |
Total Loans | 307,254 | 325,000 |
90 Days Past Due & Accruing | 3,249 | 2,704 |
Loans, excluding acquired loans [Member] | Construction Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 348 | 309 |
90 Days or More Past Due | 13 | 365 |
Total Past Due | 361 | 674 |
Current | 160,663 | 137,458 |
Total Loans | 161,024 | 138,132 |
Loans, excluding acquired loans [Member] | Single Family Residential Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 2,209 | 3,069 |
90 Days or More Past Due | 1,283 | 1,539 |
Total Past Due | 3,492 | 4,608 |
Current | 372,211 | 352,299 |
Total Loans | 375,703 | 356,907 |
90 Days Past Due & Accruing | 308 | 137 |
Loans, excluding acquired loans [Member] | Other Commercial Real Estate Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 934 | ' |
90 Days or More Past Due | 2,095 | ' |
Total Past Due | 3,029 | ' |
Current | 599,434 | ' |
Total Loans | 602,463 | ' |
Loans, excluding acquired loans [Member] | Real Estate Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 3,491 | 4,094 |
90 Days or More Past Due | 3,391 | 5,207 |
Total Past Due | 6,882 | 9,301 |
Current | 1,132,308 | 1,053,904 |
Total Loans | 1,139,190 | 1,063,205 |
90 Days Past Due & Accruing | 308 | 137 |
Loans, excluding acquired loans [Member] | Commercial Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 346 | 340 |
90 Days or More Past Due | 470 | 385 |
Total Past Due | 816 | 725 |
Current | 153,692 | 140,611 |
Total Loans | 154,508 | 141,336 |
90 Days Past Due & Accruing | 134 | 74 |
Loans, excluding acquired loans [Member] | Agricultural Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 11 | 81 |
90 Days or More Past Due | 53 | 113 |
Total Past Due | 64 | 194 |
Current | 135,569 | 93,611 |
Total Loans | 135,633 | 93,805 |
Loans, excluding acquired loans [Member] | Total Commercial Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 357 | 421 |
90 Days or More Past Due | 523 | 498 |
Total Past Due | 880 | 919 |
Current | 289,261 | 234,222 |
Total Loans | 290,141 | 235,141 |
90 Days Past Due & Accruing | 134 | 74 |
Loans, excluding acquired loans [Member] | Other Commercial Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | ' | 716 |
90 Days or More Past Due | ' | 3,303 |
Total Past Due | ' | 4,019 |
Current | 4,576 | 564,147 |
Total Loans | 4,576 | 568,166 |
Loans, excluding acquired loans [Member] | Total Loans [Member] | ' | ' |
Consumer: | ' | ' |
Gross 30-89 Days Past Due | 7,193 | 7,275 |
90 Days or More Past Due | 7,781 | 9,015 |
Total Past Due | 14,974 | 16,290 |
Current | 1,726,187 | 1,612,223 |
Total Loans | 1,741,161 | 1,628,513 |
90 Days Past Due & Accruing | 3,691 | 2,915 |
Loans, excluding acquired loans [Member] | Other Loans [Member] | ' | ' |
Consumer: | ' | ' |
Current | ' | 5,167 |
Total Loans | ' | 5,167 |
Credit Cards [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 177,463 | 185,536 |
Student Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 28,392 | 34,145 |
Other Consumer [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 101,399 | 105,319 |
Consumer Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 307,254 | 325,000 |
Construction Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 161,024 | 138,132 |
Single Family Residential Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 375,703 | 356,907 |
Other Commercial Real Estate Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 602,463 | 568,166 |
Real Estate Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 1,139,190 | 1,063,205 |
Commercial Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 290,141 | 235,141 |
Agricultural Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 135,633 | 93,805 |
Other Commercial Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | 154,508 | 141,336 |
Other Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total Loans | $4,576 | $5,167 |
Note_4_Loans_and_Allowance_for6
Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired loans, net of government guarantess and excluding loans acquired, segregated by class of loans: (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
Consumer Loans [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Credit Cards [Member] | Credit Cards [Member] | Credit Cards [Member] | Credit Cards [Member] | Credit Cards [Member] | Credit Cards [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Construction Loans [Member] | Construction Loans [Member] | Construction Loans [Member] | Construction Loans [Member] | Construction Loans [Member] | Construction Loans [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Agricultural Loans [Member] | Agricultural Loans [Member] | Agricultural Loans [Member] | Agricultural Loans [Member] | Agricultural Loans [Member] | Agricultural Loans [Member] | Total Commercial Loans [Member] | Total Commercial Loans [Member] | Total Commercial Loans [Member] | Total Commercial Loans [Member] | Total Commercial Loans [Member] | Total Commercial Loans [Member] | Impaired Loans Net Of Government Guarantees And Excluding Loans Acquired [Member] | Impaired Loans Net Of Government Guarantees And Excluding Loans Acquired [Member] | Impaired Loans Net Of Government Guarantees And Excluding Loans Acquired [Member] | Impaired Loans Net Of Government Guarantees And Excluding Loans Acquired [Member] | Impaired Loans Net Of Government Guarantees And Excluding Loans Acquired [Member] | Impaired Loans Net Of Government Guarantees And Excluding Loans Acquired [Member] | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | ' | ' | ' | $1,398,000 | $1,687,000 | ' | ' | ' | ' | $520,000 | $547,000 | ' | ' | ' | ' | $878,000 | $1,140,000 | ' | ' | ' | ' | $15,610,000 | $30,733,000 | ' | ' | ' | ' | $3,237,000 | $5,443,000 | ' | ' | ' | ' | $3,357,000 | $4,091,000 | ' | ' | ' | ' | $9,016,000 | $21,199,000 | ' | ' | ' | ' | $695,000 | $842,000 | ' | ' | ' | ' | $76,000 | $236,000 | ' | ' | ' | ' | $771,000 | $1,078,000 | ' | ' | ' | ' | $17,779,000 | $33,498,000 | ' | ' | ' | ' |
Recorded Investment With No Allowance | ' | ' | ' | 1,334,000 | 1,546,000 | ' | ' | ' | ' | 520,000 | 547,000 | ' | ' | ' | ' | 814,000 | 999,000 | ' | ' | ' | ' | 9,231,000 | 12,646,000 | ' | ' | ' | ' | 2,020,000 | 3,866,000 | ' | ' | ' | ' | 2,019,000 | 2,877,000 | ' | ' | ' | ' | 5,192,000 | 5,903,000 | ' | ' | ' | ' | 453,000 | 487,000 | ' | ' | ' | ' | 76,000 | 74,000 | ' | ' | ' | ' | 529,000 | 561,000 | ' | ' | ' | ' | 11,094,000 | 14,753,000 | ' | ' | ' | ' |
Recorded Investment With Allowance | ' | ' | ' | 58,000 | 131,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 58,000 | 131,000 | ' | ' | ' | ' | 5,080,000 | 15,712,000 | ' | ' | ' | ' | 1,174,000 | 1,494,000 | ' | ' | ' | ' | 1,298,000 | 1,140,000 | ' | ' | ' | ' | 2,608,000 | 13,078,000 | ' | ' | ' | ' | 146,000 | 191,000 | ' | ' | ' | ' | ' | 16,000 | ' | ' | ' | ' | 146,000 | 207,000 | ' | ' | ' | ' | 5,284,000 | 16,050,000 | ' | ' | ' | ' |
Total Recorded Investment | 16,400,000 | 16,400,000 | 30,800,000 | 1,392,000 | 1,677,000 | ' | ' | ' | ' | 520,000 | 547,000 | ' | ' | ' | ' | 872,000 | 1,130,000 | ' | ' | ' | ' | 14,311,000 | 28,358,000 | ' | ' | ' | ' | 3,194,000 | 5,360,000 | ' | ' | ' | ' | 3,317,000 | 4,017,000 | ' | ' | ' | ' | 7,800,000 | 18,981,000 | ' | ' | ' | ' | 599,000 | 678,000 | ' | ' | ' | ' | 76,000 | 90,000 | ' | ' | ' | ' | 675,000 | 768,000 | ' | ' | ' | ' | 16,378,000 | 30,803,000 | ' | ' | ' | ' |
Related Allowance | 1,800,000 | 1,800,000 | 2,800,000 | 235,000 | 331,000 | ' | ' | ' | ' | 77,000 | 82,000 | ' | ' | ' | ' | 158,000 | 249,000 | ' | ' | ' | ' | 1,461,000 | 2,309,000 | ' | ' | ' | ' | 365,000 | 505,000 | ' | ' | ' | ' | 574,000 | 494,000 | ' | ' | ' | ' | 522,000 | 1,310,000 | ' | ' | ' | ' | 110,000 | 179,000 | ' | ' | ' | ' | 8,000 | 24,000 | ' | ' | ' | ' | 118,000 | 203,000 | ' | ' | ' | ' | 1,814,000 | 2,843,000 | ' | ' | ' | ' |
Average Investment in Impaired Loans | 16,500,000 | 22,400,000 | ' | ' | ' | 1,460,000 | 1,756,000 | 1,531,000 | 1,762,000 | ' | ' | 514,000 | 563,000 | 517,000 | 570,000 | ' | ' | 946,000 | 1,193,000 | 1,014,000 | 1,192,000 | ' | ' | 14,375,000 | 31,237,000 | 20,128,000 | 32,932,000 | ' | ' | 3,212,000 | 5,634,000 | 3,814,000 | 5,493,000 | ' | ' | 3,231,000 | 3,611,000 | 3,705,000 | 4,034,000 | ' | ' | 7,932,000 | 21,992,000 | 12,609,000 | 23,405,000 | ' | ' | 603,000 | 827,000 | 651,000 | 810,000 | ' | ' | 82,000 | 132,000 | 86,000 | 267,000 | ' | ' | 685,000 | 959,000 | 737,000 | 1,077,000 | ' | ' | 16,520,000 | 33,952,000 | 22,396,000 | 35,771,000 |
Interest Income Recognized | $161,000 | $665,000 | ' | ' | ' | $12,000 | $18,000 | $41,000 | $56,000 | ' | ' | $3,000 | $4,000 | $11,000 | $12,000 | ' | ' | $9,000 | $14,000 | $30,000 | $44,000 | ' | ' | $142,000 | $376,000 | $602,000 | $1,214,000 | ' | ' | $32,000 | $68,000 | $114,000 | $203,000 | ' | ' | $32,000 | $43,000 | $111,000 | $149,000 | ' | ' | $78,000 | $265,000 | $377,000 | $862,000 | ' | ' | $6,000 | $10,000 | $19,000 | $30,000 | ' | ' | $1,000 | $2,000 | $3,000 | $10,000 | ' | ' | $7,000 | $12,000 | $22,000 | $40,000 | ' | ' | $161,000 | $406,000 | $665,000 | $1,310,000 |
Note_4_Loans_and_Allowance_for7
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled debt restructurings, excluding loans acquired, segregated by class of loans: (USD $) | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | Loans, excluding acquired loans [Member] | ||
Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Accruing TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Nonaccrual TDR Loans [Member] | Other Consumer [Member] | Other Consumer [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Construction Loans [Member] | Construction Loans [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Agricultural Loans [Member] | Agricultural Loans [Member] | Commercial Loans [Member] | Commercial Loans [Member] | ||||
Other Consumer [Member] | Other Consumer [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Construction Loans [Member] | Construction Loans [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Agricultural Loans [Member] | Agricultural Loans [Member] | Commercial Loans [Member] | Commercial Loans [Member] | Other Consumer [Member] | Consumer Loans [Member] | Construction Loans [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Agricultural Loans [Member] | Commercial Loans [Member] | Commercial Loans [Member] | ||||||||||||||||||||||||||
Consumer: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of TDR loans | 6 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 3 | 12 | 14 | 17 | 19 | 1 | 1 | 1 | 1 | 2 | 2 | 20 | 22 | 1 | 1 | 0 | 1 | 1 | 1 | 4 | 2 | 5 | 1 | 1 | 0 | 1 | 1 | 3 | 7 | 1 | 2 | 1 | 2 | 1 | 2 | 5 | 4 | 13 | 18 | 19 | 24 | 2 | 2 | 1 | 1 | 3 | 3 | 23 | 29 |
Balance on TDR loans (in Dollars) | ' | $33 | $33 | $33 | $33 | $988 | $1,212 | $874 | $570 | $7,012 | $8,508 | $8,874 | $10,290 | $39 | $39 | $638 | $653 | $677 | $692 | $9,584 | $11,015 | $12 | $12 | $0 | $8 | $15 | $608 | $2,962 | $616 | $2,977 | $85 | $85 | $0 | $85 | $85 | $701 | $3,074 | $33 | $45 | $33 | $45 | $988 | $1,212 | $882 | $585 | $7,619 | $11,470 | $9,489 | $13,267 | $124 | $124 | $638 | $653 | $762 | $777 | $10,284 | $14,089 |
Note_4_Loans_and_Allowance_for8
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans restructured as TDRs, excluding loans acquired, segregated by class of loans: (USD $) | 9 Months Ended | |||||||||||
Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | |
Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Commercial Loans [Member] | Commercial Loans [Member] | Commercial Loans [Member] | Commercial Loans [Member] | Change in Rate [Member] | ||
Change in Rate [Member] | Change in Rate [Member] | Single Family Residential Loans [Member] | Other Commercial Real Estate Loans [Member] | Change in Rate [Member] | Other Consumer [Member] | Change in Rate [Member] | Change in Rate [Member] | Commercial [Member] | ||||
Single Family Residential Loans [Member] | Other Commercial Real Estate Loans [Member] | Other Consumer [Member] | Commercial [Member] | |||||||||
Real estate: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Loans | 6 | ' | ' | 1 | 4 | ' | 1 | ' | ' | 1 | 1 | ' |
Balance Prior to TDR | $1,152,000 | ' | ' | $321,000 | $1,054,000 | ' | $48,000 | ' | ' | $50,000 | $50,000 | ' |
Balance at March 31 | 959,000 | ' | ' | 311,000 | 887,000 | ' | 33,000 | ' | ' | 39,000 | 39,000 | ' |
Financial Impact on Date of Restructure | ' | $311 | $887 | ' | ' | $33 | ' | $39 | $39 | ' | ' | $959 |
Note_4_Loans_and_Allowance_for9
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans by credit risk rating, segregated by class of loans: (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | $1,958,178 | $1,922,119 |
Loans acquired, covered by FDIC loss share | 148,884 | 210,842 |
Loans acquired, not covered by FDIC loss share | 68,133 | 82,764 |
Consumer Loans [Member] | Credit Cards [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 177,463 | 185,536 |
Consumer Loans [Member] | Student Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 28,392 | 34,145 |
Consumer Loans [Member] | Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 101,399 | 105,319 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 307,254 | 325,000 |
Consumer Loans [Member] | Risk Rate 1-4 [Member] | Credit Cards [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 176,943 | 184,989 |
Consumer Loans [Member] | Risk Rate 1-4 [Member] | Student Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 25,426 | 31,911 |
Consumer Loans [Member] | Risk Rate 1-4 [Member] | Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 100,089 | 103,597 |
Consumer Loans [Member] | Risk Rate 1-4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 302,458 | 320,497 |
Consumer Loans [Member] | Risk Rate 5 [Member] | Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 3 | 7 |
Consumer Loans [Member] | Risk Rate 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 3 | 7 |
Consumer Loans [Member] | Risk Rate 6 [Member] | Credit Cards [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 520 | 547 |
Consumer Loans [Member] | Risk Rate 6 [Member] | Student Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 2,966 | 2,234 |
Consumer Loans [Member] | Risk Rate 6 [Member] | Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 1,229 | 1,660 |
Consumer Loans [Member] | Risk Rate 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 4,715 | 4,441 |
Consumer Loans [Member] | Risk Rate 7 [Member] | Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 60 | 33 |
Consumer Loans [Member] | Risk Rate 7 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 60 | 33 |
Consumer Loans [Member] | Risk Rate 8 [Member] | Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 18 | 22 |
Consumer Loans [Member] | Risk Rate 8 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 18 | 22 |
Real Estate Loans [Member] | Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 161,024 | 138,132 |
Real Estate Loans [Member] | Single Family Residential Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 375,703 | 356,907 |
Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 602,463 | 568,166 |
Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 1,139,190 | 1,063,205 |
Real Estate Loans [Member] | Risk Rate 1-4 [Member] | Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 156,701 | 131,873 |
Real Estate Loans [Member] | Risk Rate 1-4 [Member] | Single Family Residential Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 368,159 | 348,628 |
Real Estate Loans [Member] | Risk Rate 1-4 [Member] | Other Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 573,657 | 540,986 |
Real Estate Loans [Member] | Risk Rate 1-4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 1,098,517 | 1,021,487 |
Real Estate Loans [Member] | Risk Rate 5 [Member] | Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 74 | 30 |
Real Estate Loans [Member] | Risk Rate 5 [Member] | Single Family Residential Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 1,423 | 1,458 |
Real Estate Loans [Member] | Risk Rate 5 [Member] | Other Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 8,156 | 8,484 |
Real Estate Loans [Member] | Risk Rate 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 9,653 | 9,972 |
Real Estate Loans [Member] | Risk Rate 6 [Member] | Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 4,249 | 6,229 |
Real Estate Loans [Member] | Risk Rate 6 [Member] | Single Family Residential Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 6,121 | 6,821 |
Real Estate Loans [Member] | Risk Rate 6 [Member] | Other Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 20,650 | 18,696 |
Real Estate Loans [Member] | Risk Rate 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 31,020 | 31,746 |
Commercial Loans [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 154,508 | 141,336 |
Commercial Loans [Member] | Agricultural Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 135,633 | 93,805 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 290,141 | 235,141 |
Commercial Loans [Member] | Risk Rate 1-4 [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 152,158 | 138,948 |
Commercial Loans [Member] | Risk Rate 1-4 [Member] | Agricultural Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 135,471 | 93,357 |
Commercial Loans [Member] | Risk Rate 1-4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 287,629 | 232,305 |
Commercial Loans [Member] | Risk Rate 5 [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 186 | 114 |
Commercial Loans [Member] | Risk Rate 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 186 | 114 |
Commercial Loans [Member] | Risk Rate 6 [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 2,164 | 2,235 |
Commercial Loans [Member] | Risk Rate 6 [Member] | Agricultural Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 162 | 448 |
Commercial Loans [Member] | Risk Rate 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 2,326 | 2,683 |
Commercial Loans [Member] | Risk Rate 7 [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | 39 |
Commercial Loans [Member] | Risk Rate 7 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | 39 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 4,576 | 5,167 |
Risk Rate 1-4 [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 4,576 | 5,167 |
Risk Rate 1-4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 1,910,197 | 1,873,062 |
Loans acquired, covered by FDIC loss share | 148,884 | 210,842 |
Loans acquired, not covered by FDIC loss share | 68,133 | 82,764 |
Risk Rate 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 9,842 | 10,093 |
Risk Rate 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 38,061 | 38,870 |
Risk Rate 7 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 60 | 72 |
Risk Rate 8 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | $18 | $22 |
Recovered_Sheet1
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Consumer Loans [Member] | Credit Cards [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | ($535) | ($564) | ($1,747) | ($1,968) |
Consumer Loans [Member] | Student Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | -8 | -20 | -38 | -58 |
Consumer Loans [Member] | Other Consumer [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | -327 | -231 | -670 | -380 |
Consumer Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | -870 | -815 | -2,455 | -2,406 |
Commercial Loans [Member] | Commercial [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | -5 | -24 | -62 | -67 |
Commercial Loans [Member] | Agricultural Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | 25 | ' | -7 | -184 |
Commercial Loans [Member] | Total Commercial Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | 20 | -24 | -69 | -251 |
Commercial Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | -946 | -1,551 | -3,383 | -4,809 |
Real Estate Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | -96 | -712 | -859 | -2,152 |
Construction Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | ' | ' | -119 | 46 |
Single Family Residential Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | -100 | -246 | -189 | -457 |
Other Consumer and Other Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (charge-offs)/recoveries, excluding loans aquired: [Line Items] | ' | ' | ' | ' |
Finance Receivables, Net (charge offs)/recoveries | $4 | ($466) | ($551) | ($1,741) |
Recovered_Sheet2
Note 4 - Loans and Allowance for Loan Losses (Details) - Activity in the allowance for loan losses, by portfolio segment (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | $27,398 | $28,397 | $27,882 | $30,108 | ' |
Provision for loan losses | 1,081 | 1,299 | 3,034 | 2,846 | ' |
Charge-offs | -1,486 | -2,023 | -5,177 | -7,238 | ' |
Recoveries | 540 | 472 | 1,794 | 2,429 | ' |
Net charge-offs | -946 | -1,551 | -3,383 | -4,809 | ' |
Balance, September 30, 2013 | 27,533 | 28,145 | 27,533 | 28,145 | ' |
Period-end amount allocated to: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 1,814 | 3,291 | 1,814 | 3,291 | 2,843 |
Loans collectively evaluated for impairment | 25,719 | 24,854 | 25,719 | 24,854 | 25,039 |
Commercial and Residential Real Estate Collateral [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 3,719 | 1,983 | 3,446 | 2,063 | ' |
Provision for loan losses | -15 | 83 | 347 | 230 | ' |
Charge-offs | -20 | -86 | -249 | -380 | ' |
Recoveries | 40 | 62 | 180 | 129 | ' |
Net charge-offs | 20 | -24 | -69 | -251 | ' |
Balance, September 30, 2013 | 3,724 | 2,042 | 3,724 | 2,042 | ' |
Period-end amount allocated to: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 118 | 272 | 118 | 272 | 203 |
Loans collectively evaluated for impairment | 3,606 | 1,770 | 3,606 | 1,770 | 3,243 |
Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 15,475 | 10,468 | 15,453 | 10,117 | ' |
Provision for loan losses | 308 | 327 | 1,093 | 2,118 | ' |
Charge-offs | -247 | -773 | -1,373 | -3,390 | ' |
Recoveries | 151 | 61 | 514 | 1,238 | ' |
Net charge-offs | -96 | -712 | -859 | -2,152 | ' |
Balance, September 30, 2013 | 15,687 | 10,083 | 15,687 | 10,083 | ' |
Period-end amount allocated to: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 1,461 | 2,676 | 1,461 | 2,676 | 2,309 |
Loans collectively evaluated for impairment | 14,226 | 7,407 | 14,226 | 7,407 | 13,144 |
Credit Cards [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 6,876 | 5,486 | 7,211 | 5,513 | ' |
Provision for loan losses | 369 | 527 | 1,246 | 1,904 | ' |
Charge-offs | -770 | -806 | -2,422 | -2,632 | ' |
Recoveries | 235 | 242 | 675 | 664 | ' |
Net charge-offs | -535 | -564 | -1,747 | -1,968 | ' |
Balance, September 30, 2013 | 6,710 | 5,449 | 6,710 | 5,449 | ' |
Period-end amount allocated to: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 77 | 89 | 77 | 89 | 82 |
Loans collectively evaluated for impairment | 6,633 | 5,360 | 6,633 | 5,360 | 7,129 |
Other Consumer and Other Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 1,328 | 1,776 | 1,772 | 1,847 | ' |
Provision for loan losses | 419 | 236 | 348 | 352 | ' |
Charge-offs | -449 | -358 | -1,133 | -836 | ' |
Recoveries | 114 | 107 | 425 | 398 | ' |
Net charge-offs | -335 | -251 | -708 | -438 | ' |
Balance, September 30, 2013 | 1,412 | 1,761 | 1,412 | 1,761 | ' |
Period-end amount allocated to: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 158 | 254 | 158 | 254 | 249 |
Loans collectively evaluated for impairment | 1,254 | 1,507 | 1,254 | 1,507 | 1,523 |
Unallocated Financing Receivables [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | 8,684 | ' | 10,568 | ' |
Provision for loan losses | ' | 126 | ' | -1,758 | ' |
Balance, September 30, 2013 | ' | 8,810 | ' | 8,810 | ' |
Period-end amount allocated to: | ' | ' | ' | ' | ' |
Loans collectively evaluated for impairment | ' | $8,810 | ' | $8,810 | ' |
Recovered_Sheet3
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded investment in loans, excluding loans acquired, by portfolio segment: (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded investment in loans, excluding loans acquired, by portfolio segment: [Line Items] | ' | ' |
Balance, end of period | $1,958,178 | $1,922,119 |
Loans, excluding acquired loans [Member] | Commercial Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded investment in loans, excluding loans acquired, by portfolio segment: [Line Items] | ' | ' |
Loans individually evaluated for impairment | 675 | 768 |
Loans collectively evaluated for impairment | 289,466 | 234,373 |
Balance, end of period | 290,141 | 235,141 |
Loans, excluding acquired loans [Member] | Real Estate Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded investment in loans, excluding loans acquired, by portfolio segment: [Line Items] | ' | ' |
Loans individually evaluated for impairment | 14,311 | 28,358 |
Loans collectively evaluated for impairment | 1,124,879 | 1,034,847 |
Balance, end of period | 1,139,190 | 1,063,205 |
Loans, excluding acquired loans [Member] | Credit Cards [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded investment in loans, excluding loans acquired, by portfolio segment: [Line Items] | ' | ' |
Loans individually evaluated for impairment | 520 | 547 |
Loans collectively evaluated for impairment | 176,943 | 184,989 |
Balance, end of period | 177,463 | 185,536 |
Loans, excluding acquired loans [Member] | Other Consumer and Other Loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded investment in loans, excluding loans acquired, by portfolio segment: [Line Items] | ' | ' |
Loans individually evaluated for impairment | 872 | 1,130 |
Loans collectively evaluated for impairment | 133,495 | 143,501 |
Balance, end of period | 134,367 | 144,631 |
Loans, excluding acquired loans [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded investment in loans, excluding loans acquired, by portfolio segment: [Line Items] | ' | ' |
Loans individually evaluated for impairment | 16,378 | 30,803 |
Loans collectively evaluated for impairment | 1,724,783 | 1,597,710 |
Balance, end of period | $1,741,161 | $1,628,513 |
Note_5_Loans_Acquired_Details
Note 5 - Loans Acquired (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Loans Acquired [Abstract] | ' | ' |
Acquired Loans, Covered By FDIC Loss Share Agreements | $148,900,000 | $210,800,000 |
Certain Loans Acquired In Transfer Accretable Yield Adjustment | 36,700,000 | ' |
FDIC Indemnification Asset Accretable Yield Adjustment | 28,900,000 | ' |
Certain Loans Acquired In Transfer Accretable Yield Adj Current Year Increase Decrease | 8,400,000 | ' |
FDIC Indemnification Asset Accretable Yield Adj Current Year Increase Decrease | -7,900,000 | ' |
Certain Loans Acquired In Transfer Accretable Yield Adj Period Impact | $476,000 | ' |
Note_5_Loans_Acquired_Details_
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | $217,017 | [1],[2] | $293,606 | [1],[2] |
Consumer Loans [Member] | Credit Card [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | 9,379 | ' | ||
Consumer Loans [Member] | Other Consumer [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | 972 | 1,847 | ||
Consumer Loans [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | 10,351 | 1,847 | ||
Real Estate Loans [Member] | Construction Loans [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | 15,015 | 19,172 | ||
Real Estate Loans [Member] | Single Family Residential Loans [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | 70,907 | 90,795 | ||
Real Estate Loans [Member] | Other Commercial Real Estate Loans [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | 112,959 | 160,148 | ||
Real Estate Loans [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | 198,881 | 270,115 | ||
Commercial Loans [Member] | Commercial [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | 7,785 | 18,950 | ||
Commercial Loans [Member] | Agricultural Loans [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | ' | 2,694 | ||
Commercial Loans [Member] | ' | ' | ||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | ' | ' | ||
Acquired Impaired Loans | $7,785 | $21,644 | ||
[1] | These loans were not classified as non-performing assets at September 30, 2013 or December 31, 2012, as the loans are accounted for on a pooled basis and the pools are considered to be performing. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all purchased impaired and non-impaired loans. The loans are grouped in pools sharing common risk characteristics and were treated in the aggregate when applying various valuation techniques. | |||
[2] | Included in loans acquired were $148.9 million and $210.8 million of loans covered by FDIC loss share agreements at September 30, 2013 and December 31, 2012, respectively. |
Note_5_Loans_Acquired_Details_1
Note 5 - Loans Acquired (Details) - Impact of the adjustments on the Company's financial results for the following reporting periods: (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Impact of the adjustments on the Company's financial results for the following reporting periods: [Abstract] | ' | ' | ' | ' |
Impact on net interest income | $4,005 | $2,915 | $10,102 | $9,104 |
Non-interest income | -3,844 | -2,729 | -9,734 | -8,245 |
Net impact to pre-tax income | 161 | 186 | 368 | 859 |
Net impact, net of taxes | $98 | $113 | $224 | $522 |
Note_5_Loans_Acquired_Details_2
Note 5 - Loans Acquired (Details) - Changes in the carrying amount of the accretable yield for all purchased impaired and non-impaired loans: (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Changes in the carrying amount of the accretable yield for all purchased impaired and non-impaired loans: [Abstract] | ' | ' | ' | ' |
Beginning balance | $41,535 | $31,865 | $58,066 | $42,833 |
Beginning balance | 227,236 | 114,189 | 293,606 | 158,075 |
Additions | ' | 21,200 | ' | 21,200 |
Additions | 9,047 | 130,536 | 9,047 | 130,536 |
Accretable yield adjustments | 17,380 | ' | 17,380 | ' |
Accretion | -8,384 | -5,041 | -24,915 | -16,009 |
Accretion | 8,384 | 5,041 | 24,915 | 16,009 |
Payments and other reductions, net | -27,650 | -13,086 | -110,551 | -67,940 |
Balance, ending | 50,531 | 48,024 | 50,531 | 48,024 |
Balance, ending | $217,017 | $236,680 | $217,017 | $236,680 |
Note_5_Loans_Acquired_Details_3
Note 5 - Loans Acquired (Details) - Summary of the changes in the FDIC true-up provision: (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Summary of the changes in the FDIC true-up provision: [Abstract] | ' | ' | ' | ' |
Beginning balance | $5,577 | $3,987 | $4,854 | $3,419 |
Amortization expense | 40 | 37 | 121 | 103 |
Adjustments related to changes in expected losses | 350 | 246 | 992 | 748 |
Balance, ending | $5,967 | $4,270 | $5,967 | $4,270 |
Note_6_Goodwill_And_Other_Inta2
Note 6 - Goodwill And Other Intagible Assets (Details) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | |
Core Deposit Premium [Member] | Purchased Credit Card Relationships [Member] | Core Deposits [Member] | Core Deposits [Member] | ||||||
Note 6 - Goodwill And Other Intagible Assets (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | $60,605,000 | ' | $60,605,000 | ' | $60,605,000 | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | '10 years | '5 years | ' | ' |
Finite-lived Intangible Assets Acquired | ' | ' | ' | ' | ' | ' | 2,100,000 | ' | ' |
Amortization of Intangible Assets | $135,000 | $74,000 | $408,000 | $221,000 | ' | ' | ' | $408,000 | $222,000 |
Note_6_Goodwill_And_Other_Inta3
Note 6 - Goodwill And Other Intagible Assets (Details) - Goodwill, Core Deposit Premiums and Purchased Credit Card Relationships (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 6 - Goodwill And Other Intagible Assets (Details) - Goodwill, Core Deposit Premiums and Purchased Credit Card Relationships [Line Items] | ' | ' |
Goodwill | $60,605 | $60,605 |
Purchased credit card relationships: | ' | ' |
Other intangible assets, net | 5,420 | 3,760 |
Total goodwill and other intangible assets | 66,025 | 64,365 |
Core Deposit Premium [Member] | ' | ' |
Note 6 - Goodwill And Other Intagible Assets (Details) - Goodwill, Core Deposit Premiums and Purchased Credit Card Relationships [Line Items] | ' | ' |
Gross carrying amount | 5,401 | 5,597 |
Accumulated amortization | -2,049 | -1,837 |
Core deposit premiums, net | 3,352 | 3,760 |
Purchased Credit Card Relationships [Member] | ' | ' |
Note 6 - Goodwill And Other Intagible Assets (Details) - Goodwill, Core Deposit Premiums and Purchased Credit Card Relationships [Line Items] | ' | ' |
Gross carrying amount | 2,068 | ' |
Purchased credit card relationships: | ' | ' |
Purchased credit card relationships, net | $2,068 | ' |
Note_6_Goodwill_And_Other_Inta4
Note 6 - Goodwill And Other Intagible Assets (Details) - Amortization Expense (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 6 - Goodwill And Other Intagible Assets (Details) - Amortization Expense [Line Items] | ' | ' |
Remainder of 2013 | $106 | ' |
Core Deposit Premium [Member] | ' | ' |
Note 6 - Goodwill And Other Intagible Assets (Details) - Amortization Expense [Line Items] | ' | ' |
2014 | 410 | ' |
2015 | 403 | ' |
2016 | 401 | ' |
2017 | 401 | ' |
Thereafter | 1,631 | ' |
Total | 3,352 | 3,760 |
Purchased Credit Card Relationships [Member] | ' | ' |
Note 6 - Goodwill And Other Intagible Assets (Details) - Amortization Expense [Line Items] | ' | ' |
Remainder of 2013 | 103 | ' |
2014 | 414 | ' |
2015 | 414 | ' |
2016 | 414 | ' |
2017 | 413 | ' |
Thereafter | 310 | ' |
Total | $2,068 | ' |
Note_7_Time_Deposits_Details
Note 7 - Time Deposits (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Note 7 - Time Deposits (Details) [Line Items] | ' | ' |
Time Deposits, $100,000 or More | $351,271,000 | $370,598,000 |
Minimum [Member] | ' | ' |
Note 7 - Time Deposits (Details) [Line Items] | ' | ' |
Time Deposits, $100,000 or More | $100,000 | $100,000 |
Note_8_Income_Taxes_Details_Pr
Note 8 - Income Taxes (Details) - Provision for Income Taxes (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Provision for Income Taxes [Abstract] | ' | ' | ' | ' |
Income taxes currently payable | ' | ' | $10,781 | $8,389 |
Deferred income taxes | ' | ' | -2,274 | 86 |
Provision for income taxes | $2,961 | $3,008 | $8,507 | $8,475 |
Note_8_Income_Taxes_Details_De
Note 8 - Income Taxes (Details) - Deferred Tax Assets and Liabilites (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets | ' | ' |
Loans acquired | $18,632 | $24,186 |
FDIC true-up liability | 2,207 | 1,775 |
Allowance for loan losses | 10,713 | 10,736 |
Valuation of foreclosed assets | 222 | 669 |
Deferred compensation payable | 1,755 | 1,676 |
FHLB advances | 313 | 409 |
Vacation compensation | 1,117 | 1,058 |
Accumulated depreciation | 738 | 280 |
Loan interest | 767 | 767 |
Available-for-sale securities | 1,678 | ' |
Other | 594 | 569 |
Total deferred tax assets | 38,736 | 42,125 |
Deferred tax liabilities | ' | ' |
Deferred loan fee income and expenses, net | -3,291 | -2,373 |
FHLB stock dividends | -300 | -296 |
Goodwill and core deposit premium amortization | -12,289 | -11,190 |
FDIC indemnification asset | -24,048 | -31,846 |
Available-for-sale securities | ' | -166 |
Other | -1,879 | -3,443 |
Total deferred tax liabilities | -41,807 | -49,314 |
Net deferred tax liabilities included in other liabilities on balance sheets | ($3,071) | ($7,189) |
Note_8_Income_Taxes_Details_Re
Note 8 - Income Taxes (Details) - Reconciliation of Income Tax Expense (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 8 - Income Taxes (Details) - Reconciliation of Income Tax Expense [Line Items] | ' | ' | ' | ' |
Computed at the statutory rate (35%) | ' | ' | $9,783 | $9,844 |
Increase (decrease) in taxes resulting from: | ' | ' | ' | ' |
State income taxes, net of federal tax benefit | ' | ' | 777 | 773 |
Other differences, net | ' | ' | 220 | 215 |
Actual tax provision | 2,961 | 3,008 | 8,507 | 8,475 |
Tax Exempt Interest Income [Member] | ' | ' | ' | ' |
Increase (decrease) in taxes resulting from: | ' | ' | ' | ' |
Tax exempt interest income | ' | ' | -1,932 | -1,980 |
Tax Exempt Earnings on Bank Owned Life Insurance [Member] | ' | ' | ' | ' |
Increase (decrease) in taxes resulting from: | ' | ' | ' | ' |
Tax exempt earnings on BOLI | ' | ' | ($341) | ($377) |
Note_8_Income_Taxes_Details_Re1
Note 8 - Income Taxes (Details) - Reconciliation of Income Tax Expense (Parentheticals) | 9 Months Ended |
Sep. 30, 2013 | |
Note 8 - Income Taxes (Details) - Reconciliation of Income Tax Expense (Parentheticals) [Line Items] | ' |
Statutory rate | 35.00% |
Note_9_Other_Borrowings_and_Su2
Note 9 - Other Borrowings and Subordinated Debentures (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Debt Disclosure [Abstract] | ' |
Advances from Federal Home Loan Banks | $76 |
Advances from Federal Home Loan Bank Available | 528.1 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $653.90 |
Note_9_Other_Borrowings_and_Su3
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Debt Components (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Debt Components [Line Items] | ' | ' |
Trust preferred securities, due 12/30/2033, floating rate of 2.80% above the three month LIBOR rate, reset quarterly, callable without penalty | $20,620 | $20,620 |
Total other borrowings and subordinated debentures | 96,607 | 110,061 |
FHLB Advances [Member] | ' | ' |
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Debt Components [Line Items] | ' | ' |
FHLB advances, due 2013 to 2033, 0.35% to 8.41% secured by real estate loans | 75,987 | 89,441 |
Trust Preferred Securities Due 12/30/2033 Floating Rate of 2.8% Above Three Month LIBOR 1 [Member] | ' | ' |
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Debt Components [Line Items] | ' | ' |
Trust preferred securities, due 12/30/2033, floating rate of 2.80% above the three month LIBOR rate, reset quarterly, callable without penalty | $20,620 | $20,620 |
Note_9_Other_Borrowings_and_Su4
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Debt Components (Parentheticals) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
FHLB Advances [Member] | Minimum [Member] | ' | ' |
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Debt Components (Parentheticals) [Line Items] | ' | ' |
FHLB advances, interest rate | 0.35% | 0.35% |
FHLB Advances [Member] | Maximum [Member] | ' | ' |
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Debt Components (Parentheticals) [Line Items] | ' | ' |
FHLB advances, interest rate | 8.41% | 8.41% |
Trust Preferred Securities Due 12/30/2033 Floating Rate of 2.8% Above Three Month LIBOR 1 [Member] | ' | ' |
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Debt Components (Parentheticals) [Line Items] | ' | ' |
Trust preferred securities, floating rate | 2.80% | 2.80% |
Note_9_Other_Borrowings_and_Su5
Note 9 - Other Borrowings and Subordinated Debentures (Details) - Aggregate Annual Maturities of Long-Term Debt (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Aggregate Annual Maturities of Long-Term Debt [Abstract] | ' |
2013 | $6,951 |
2014 | 6,332 |
2015 | 10,462 |
2016 | 9,057 |
2017 | 21,838 |
Thereafter | 41,967 |
Total | $96,607 |
Note_11_Capital_Stock_Details
Note 11 - Capital Stock (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Jul. 23, 2012 | |
Note 11 - Capital Stock (Details) [Line Items] | ' | ' |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | ' | 850,000 |
Percent of Oustanding Stock | ' | 5.00% |
Stock Repurchased During Period, Shares | 419,564 | ' |
Treasury Stock Acquired, Average Cost Per Share (in Dollars per share) | $25.89 | ' |
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 154,136 | ' |
Prior to New Stock Repurchase Program [Member] | ' | ' |
Note 11 - Capital Stock (Details) [Line Items] | ' | ' |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | ' | 700,000 |
Note_12_Undivided_Profits_Deta
Note 12 - Undivided Profits (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Note 12 - Undivided Profits (Details) [Line Items] | ' |
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval (in Dollars) | 12.5 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 6.00% |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% |
Capital to Risk Weighted Assets | 19.62% |
Current Year Earnings [Member] | ' |
Note 12 - Undivided Profits (Details) [Line Items] | ' |
Maximum Dividend Limit | 75.00% |
Retained Net Earnings of Preceding Year [Member] | ' |
Note 12 - Undivided Profits (Details) [Line Items] | ' |
Maximum Dividend Limit | 75.00% |
Note_13_Stock_Based_Compensati2
Note 13 - Stock Based Compensation (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' |
Share-based Compensation | $1,039,000 | $1,065,000 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 0 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | 2,725,000 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | '2 years 175 days | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | 878,000 | ' |
Share Price (in Dollars per share) | $31.09 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $44,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares) | 6,000 | 0 |
Note_13_Stock_Based_Compensati3
Note 13 - Stock Based Compensation (Details) - Stock Compensation Plans (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Stock Compensation Plans [Abstract] | ' | ' |
Balance, January 1, 2013 | 217,650 | ' |
Balance, January 1, 2013 (in Dollars per share) | $26.77 | ' |
Balance, January 1, 2013 | 134,730 | ' |
Balance, January 1, 2013 (in Dollars per share) | $25.89 | ' |
Granted | 64,506 | ' |
Granted (in Dollars per share) | $25.58 | ' |
Stock Options Exercised | -6,000 | 0 |
Stock Options Exercised (in Dollars per share) | $23.78 | ' |
Stock Awards Vested | -46,975 | ' |
Stock Awards Vested (in Dollars per share) | $26.92 | ' |
Forfeited/Expired | -4,522 | ' |
Forfeited/Expired (in Dollars per share) | $27.07 | ' |
Balance, September 30, 2013 | 207,128 | ' |
Balance, September 30, 2013 (in Dollars per share) | $26.85 | ' |
Balance, September 30, 2013 | 152,261 | ' |
Balance, September 30, 2013 (in Dollars per share) | $25.44 | ' |
Exercisable, September 30, 2013 | 207,128 | ' |
Exercisable, September 30, 2013 (in Dollars per share) | $26.85 | ' |
Note_13_Stock_Based_Compensati4
Note 13 - Stock Based Compensation (Details) - Stock Options Oustanding by Range of Exercise Prices (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
$23.78 - $23.78 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices - Lower limit | $23.78 |
Range of Exercise Prices - Upper limit | $23.78 |
Number of shares outstanding (in Shares) | 39,800 |
Options outstanding weighted average remaining contractual life (Years) | '292 days |
Options outstanding weighted average exercise price | $23.78 |
Number of shares exercisable (in Shares) | 39,800 |
Options exercisable weighted average exercise price | $23.78 |
$24.50 - $24.50 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices - Lower limit | $24.50 |
Range of Exercise Prices - Upper limit | $24.50 |
Number of shares outstanding (in Shares) | 30,800 |
Options outstanding weighted average remaining contractual life (Years) | '1 year 219 days |
Options outstanding weighted average exercise price | $24.50 |
Number of shares exercisable (in Shares) | 30,800 |
Options exercisable weighted average exercise price | $24.50 |
$26.19 - $27.67 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices - Lower limit | $26.19 |
Range of Exercise Prices - Upper limit | $27.67 |
Number of shares outstanding (in Shares) | 47,100 |
Options outstanding weighted average remaining contractual life (Years) | '2 years 219 days |
Options outstanding weighted average exercise price | $26.21 |
Number of shares exercisable (in Shares) | 47,100 |
Options exercisable weighted average exercise price | $26.21 |
$28.42 - $28.42 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices - Lower limit | $28.42 |
Range of Exercise Prices - Upper limit | $28.42 |
Number of shares outstanding (in Shares) | 45,100 |
Options outstanding weighted average remaining contractual life (Years) | '3 years 6 months |
Options outstanding weighted average exercise price | $28.42 |
Number of shares exercisable (in Shares) | 45,100 |
Options exercisable weighted average exercise price | $28.42 |
$30.31 - $30.31 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices - Lower limit | $30.31 |
Range of Exercise Prices - Upper limit | $30.31 |
Number of shares outstanding (in Shares) | 44,328 |
Options outstanding weighted average remaining contractual life (Years) | '4 years 6 months |
Options outstanding weighted average exercise price | $30.31 |
Number of shares exercisable (in Shares) | 44,328 |
Options exercisable weighted average exercise price | $30.31 |
Note_14_Additional_Cash_Flow_I2
Note 14 - Additional Cash Flow Information (Details) - The following is a summary of the Company’s additional cash flow information during the nine months (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
The following is a summary of the Company’s additional cash flow information during the nine months [Abstract] | ' | ' |
Interest paid | $9,136 | $11,729 |
Income taxes paid | 11,243 | 10,965 |
Transfers of loans to foreclosed assets | 5,794 | 4,321 |
Transfers of loans acquired, covered by FDIC loss share, to foreclosed assets covered by FDIC loss share | 7,324 | 9,667 |
Unsettled purchase of credit card portfolio | 10,999 | ' |
Unsettled retirement of trust preferred securities | ' | $10,310 |
Note_15_Other_Operating_Expens2
Note 15 - Other Operating Expenses (Details) - Other Operating Expenses (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Other Operating Expenses [Abstract] | ' | ' | ' | ' |
Professional services | $913 | $1,078 | $3,160 | $3,196 |
Postage | 597 | 574 | 1,838 | 1,820 |
Telephone | 542 | 586 | 1,751 | 1,666 |
Credit card expense | 1,706 | 1,787 | 5,038 | 5,198 |
Operating supplies | 341 | 342 | 1,136 | 1,009 |
Amortization of intangibles | 135 | 74 | 408 | 221 |
Other expense | 3,700 | 2,778 | 10,198 | 8,818 |
Total other operating expenses | $7,934 | $7,219 | $23,529 | $21,928 |
Note_17_Commitments_and_Credit1
Note 17 - Commitments and Credit Risk (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
Standby Letters of Credit [Member] | Standby Letters of Credit [Member] | Credit Card Commitments to Extend Credit [Member] | Credit Card Commitments to Extend Credit [Member] | Other Loan Commitments to Extend Credit [Member] | Other Loan Commitments to Extend Credit [Member] | Minimum [Member] | Maximum [Member] | |||
Note 17 - Commitments and Credit Risk (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments and Contingencies | ' | ' | ' | ' | $439,083,000 | $401,817,000 | $330,880,000 | $301,444,000 | ' | ' |
Letters of Credit Outstanding, Amount | 9,119,000 | 9,901,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Letters of Credit Term | ' | ' | ' | ' | ' | ' | ' | ' | '7 months | '5 years |
Deferred Revenue | ' | ' | $15,000 | $10,000 | ' | ' | ' | ' | ' | ' |
Note_18_Fair_Value_Measurement2
Note 18 - Fair Value Measurements (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 |
Commercial and Residential Real Estate Collateral [Member] | Commercial and Residential Real Estate Collateral [Member] | Collateral Dependent Loans [Member] | Collateral Dependent Loans [Member] | Foreclosed Assets Not Covered By FDIC Loss Share [Member] | Foreclosed Assets Not Covered By FDIC Loss Share [Member] | Special Mention Or Worse [Member] | |||
Minimum [Member] | Maximum [Member] | ||||||||
Note 18 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collateral Dependent Loans Amount At Which Testing Begins | ' | ' | ' | ' | ' | ' | ' | ' | $500,000 |
Collateral Dependent Loans Amount At Which All Loans Are Tested | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 |
Assets Held-for-sale, at Carrying Value | ' | ' | ' | ' | ' | ' | 26,200,000 | 33,400,000 | ' |
Fair Value Percentage Of Collateral Discount | ' | ' | 10.00% | 40.00% | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | $1,800,000 | $2,800,000 | ' | ' | $376,000 | $219,000 | ' | ' | ' |
Note_18_Fair_Value_Measurement3
Note 18 - Fair Value Measurements (Details) - Fair Value of Financial Assets Measure on a Recurring Basis (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available-for-sale securities: | ' | ' |
Available-for-sale securities | $179,937 | $191,342 |
Assets held in trading accounts | 8,744 | 6,224 |
US Government Agencies Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 163,127 | 152,481 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 163,127 | 152,481 |
US Government Agencies Debt Securities [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 163,127 | 152,481 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 1,994 | 20,634 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 1,994 | 20,634 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 1,994 | 20,634 |
US States and Political Subdivisions Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 1,263 | 2,988 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 1,263 | 2,988 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 1,263 | 2,988 |
Other Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Other securities | 13,553 | 15,239 |
Other Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Other securities | 1,504 | 1,504 |
Other Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Other securities | 12,049 | 13,735 |
Other Securities [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 13,553 | 15,239 |
Estimate of Fair Value Measurement [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Assets held in trading accounts | 8,744 | 6,224 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Assets held in trading accounts | 1,650 | 1,800 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Assets held in trading accounts | $7,094 | $4,424 |
Note_18_Fair_Value_Measurement4
Note 18 - Fair Value Measurements (Details) - Fair Value of Financial Assets Measured on a Nonrecurring Basis (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
ASSETS | ' | ' | ||
Impaired loans (1) (2) (collateral dependent) | $16,400 | $30,800 | ||
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Impaired loans (1) (2) (collateral dependent) | 3,132 | [1],[2] | 4,900 | [1],[2] |
Foreclosed assets held for sale (1) | 447 | [1] | 1,484 | [1] |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Impaired loans (1) (2) (collateral dependent) | ' | [1],[2] | ' | [1],[2] |
Foreclosed assets held for sale (1) | ' | [1] | ' | [1] |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Impaired loans (1) (2) (collateral dependent) | ' | [1],[2] | ' | [1],[2] |
Foreclosed assets held for sale (1) | ' | [1] | ' | [1] |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Impaired loans (1) (2) (collateral dependent) | 3,132 | [1],[2] | 4,900 | [1],[2] |
Foreclosed assets held for sale (1) | $447 | [1] | $1,484 | [1] |
[1] | These amounts represent the resulting carrying amounts on the Consolidated Balance Sheets for impaired collateral dependent loans and foreclosed assets held for sale for which fair value re-measurements took place during the period. | |||
[2] | Specific allocations of $376,000 and $219,000 were related to the impaired collateral dependent loans for which fair value re-measurements took place during the periods ended September 30, 2013 and December 31, 2012, respectively. |
Note_18_Fair_Value_Measurement5
Note 18 - Fair Value Measurements (Details) - Estimated Fair Values and Related Carrying Amounts of Financial Instruments (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | $3,441,709 | $3,527,489 |
Financial liabilities: | ' | ' |
Financial Liabilities, Carrying Amount | 3,038,675 | 3,121,427 |
Non-Interest Bearing Transaction Accounts [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Fair Value Measurement | 580,063 | 576,655 |
Non-Interest Bearing Transaction Accounts [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Carrying Amount | 580,063 | 576,655 |
Financial Liabilities, Fair Value Measurement | 580,063 | 576,655 |
Interest Bearing Transaction Accounts and Savings Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Fair Value Measurement | 1,453,139 | 1,421,137 |
Interest Bearing Transaction Accounts and Savings Deposits [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Carrying Amount | 1,453,139 | 1,421,137 |
Financial Liabilities, Fair Value Measurement | 1,453,139 | 1,421,137 |
Time Deposits [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Fair Value Measurement | 808,972 | 880,201 |
Time Deposits [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Carrying Amount | 805,596 | 876,371 |
Financial Liabilities, Fair Value Measurement | 808,972 | 880,201 |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Fair Value Measurement | 62,311 | 104,078 |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Carrying Amount | 62,311 | 104,078 |
Financial Liabilities, Fair Value Measurement | 62,311 | 104,078 |
Other Borrowings [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Fair Value Measurement | 77,594 | 94,472 |
Other Borrowings [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Carrying Amount | 75,987 | 89,441 |
Financial Liabilities, Fair Value Measurement | 77,594 | 94,472 |
Subordinated Debentures [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Fair Value Measurement | 13,165 | 15,414 |
Subordinated Debentures [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Carrying Amount | 20,620 | 20,620 |
Financial Liabilities, Fair Value Measurement | 13,165 | 15,414 |
Interet Payable [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Fair Value Measurement | 954 | 1,096 |
Interet Payable [Member] | ' | ' |
Financial liabilities: | ' | ' |
Financial Liabilities, Carrying Amount | 954 | 1,096 |
Financial Liabilities, Fair Value Measurement | 954 | 1,096 |
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Fair Value Measurement | 376,485 | 537,797 |
Cash and Cash Equivalents [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | 376,485 | 537,797 |
Financial Assets, Fair Value Measurement | 376,485 | 537,797 |
Held-to-Maturity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Fair Value Measurement | 570,703 | 500,578 |
Held-to-Maturity Securities [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | 581,768 | 496,141 |
Financial Assets, Fair Value Measurement | 570,703 | 500,578 |
Mortgage Loans Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Fair Value Measurement | 10,605 | 25,367 |
Mortgage Loans Held For Sale [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | 10,605 | 25,367 |
Financial Assets, Fair Value Measurement | 10,605 | 25,367 |
Interest Receivable [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Fair Value Measurement | 15,635 | 14,530 |
Interest Receivable [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | 15,635 | 14,530 |
Financial Assets, Fair Value Measurement | 15,635 | 14,530 |
Loans1 [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Fair Value Measurement | 1,702,306 | 1,602,014 |
Loans1 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | 1,713,628 | 1,600,631 |
Financial Assets, Fair Value Measurement | 1,702,306 | 1,602,014 |
Loans Acquired, Covered By FDIC Loss Share [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Fair Value Measurement | 145,971 | 208,685 |
Loans Acquired, Covered By FDIC Loss Share [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | 148,884 | 210,842 |
Financial Assets, Fair Value Measurement | 145,971 | 208,685 |
Loans Acquired, Not Covered By FDIC Loss Share [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Fair Value Measurement | 66,163 | 82,764 |
Loans Acquired, Not Covered By FDIC Loss Share [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | 68,133 | 82,764 |
Financial Assets, Fair Value Measurement | 66,163 | 82,764 |
FDIC Indemnification Asset [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Fair Value Measurement | 61,500 | 75,286 |
FDIC Indemnification Asset [Member] | ' | ' |
Financial assets: | ' | ' |
Financial Assets, Carrying Amount | 61,500 | 75,286 |
Financial Assets, Fair Value Measurement | $61,500 | $75,286 |