Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Jul. 27, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | SIMMONS FIRST NATIONAL CORP | |
Trading Symbol | sfnc | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 29,932,198 | |
Amendment Flag | false | |
Entity Central Index Key | 90,498 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - Scenario, Unspecified [Domain] - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | |
ASSETS | |||
Cash and non-interest bearing balances due from banks | $ 69,770 | $ 54,347 | |
Interest bearing balances due from banks | 173,130 | 281,562 | |
Federal funds sold | 49,570 | ||
Cash and cash equivalents | 292,470 | 335,909 | |
Interest bearing balances due from banks - time | 24,189 | ||
Investment securities: | |||
Held-to-maturity | 861,596 | 777,587 | |
Available-for-sale | 747,701 | 305,283 | |
Total investments | 1,609,297 | 1,082,870 | |
Mortgage loans held for sale | 48,094 | 21,265 | |
Assets held in trading accounts | 6,481 | 6,987 | |
Loans: | |||
Legacy loans | 2,611,229 | 2,053,721 | |
Allowance for loan losses | (30,567) | (29,028) | |
Loans acquired, not covered by FDIC loss share (net of discount) | [1] | 2,108,306 | 575,980 |
Loans acquired, covered by FDIC loss share (net of discount and allowance) | [1] | 93,121 | 106,933 |
Net loans | 4,782,089 | 2,707,606 | |
FDIC indemnification asset | 13,020 | 22,663 | |
Premises and equipment | 191,335 | 122,246 | |
Premises held for sale | 6,587 | 6,846 | |
Foreclosed assets not covered by FDIC loss share | 42,666 | 44,856 | |
Foreclosed assets covered by FDIC loss share | 12,833 | 11,793 | |
Interest receivable | 24,129 | 16,774 | |
Bank owned life insurance | 118,073 | 77,592 | |
Goodwill | 314,282 | 108,095 | |
Other intangible assets | 46,605 | 22,526 | |
Other assets | 82,208 | 55,326 | |
Total assets | 7,614,358 | 4,643,354 | |
Deposits: | |||
Non-interest bearing transaction accounts | 1,141,285 | 889,260 | |
Interest bearing transaction accounts and savings deposits | 3,581,049 | 2,006,271 | |
Time deposits | 1,447,688 | 965,187 | |
Total deposits | 6,170,022 | 3,860,718 | |
Federal funds purchased and securities sold under agreements to repurchase | 111,792 | 110,586 | |
Other borrowings | 171,321 | 114,682 | |
Subordinated debentures | 61,794 | 20,620 | |
Accrued interest and other liabilities | 74,324 | 42,429 | |
Total liabilities | 6,589,253 | 4,149,035 | |
Stockholders’ equity: | |||
Preferred stock, 40,040,000 shares authorized; Series A, $0.01 par value, $1,000 liquidation value per share; 30,852 shares issued and outstanding at June 30, 2015 | 30,852 | ||
Common stock, Class A, $0.01 par value; 60,000,000 shares authorized; 29,894,903 and 18,052,488 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively | 299 | 181 | |
Surplus | 640,895 | 156,568 | |
Undivided profits | 354,459 | 338,906 | |
Accumulated other comprehensive loss | (1,400) | (1,336) | |
Total stockholders’ equity | 1,025,105 | 494,319 | |
Total liabilities and stockholders’ equity | $ 7,614,358 | $ 4,643,354 | |
[1] | See Note 5, Loans Acquired, for segregation of loans acquired by loan class. |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2015 | Dec. 31, 2014 |
Preferred stock, par value (in Dollars per share) | $ 0.01 | |
Preferred stock, liquidation value (in Dollars per share) | $ 1,000 | |
Preferred stock, shares authorized | 40,040,000 | |
Preferred stock, shares issued | 30,852 | |
Preferred stock, shares outstanding | 30,852 | |
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 | 29,894,903 | 18,052,488 |
Common stock Class A shares outstanding | 29,894,903 | 18,052,488 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
INTEREST INCOME | |||||
Loans | $ 70,438,000 | $ 38,622,000 | $ 121,424,000 | $ 78,753,000 | |
Federal funds sold | 73,000 | 2,000 | 102,000 | 3,000 | |
Investment securities | 8,050,000 | 4,766,000 | 13,929,000 | 9,315,000 | |
Mortgage loans held for sale | 375,000 | 168,000 | 522,000 | 237,000 | |
Assets held in trading accounts | 4,000 | 5,000 | 8,000 | 10,000 | |
Interest bearing balances due from banks | 229,000 | 279,000 | 439,000 | 558,000 | |
TOTAL INTEREST INCOME | 79,169,000 | 43,842,000 | 136,424,000 | 88,876,000 | |
INTEREST EXPENSE | |||||
Deposits | 4,195,000 | 2,235,000 | 7,139,000 | 4,505,000 | |
Federal funds purchased and securities sold under agreements to repurchase | 57,000 | 31,000 | 121,000 | 84,000 | |
Other borrowings | 1,151,000 | 988,000 | 2,203,000 | 1,998,000 | |
Subordinated debentures | 559,000 | 160,000 | 793,000 | 317,000 | |
TOTAL INTEREST EXPENSE | 5,962,000 | 3,414,000 | 10,256,000 | 6,904,000 | |
NET INTEREST INCOME | 73,207,000 | 40,428,000 | 126,168,000 | 81,972,000 | |
Provision for loan losses | 3,006,000 | 1,602,000 | 4,177,000 | 2,510,000 | |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 70,201,000 | 38,826,000 | 121,991,000 | 79,462,000 | |
NON-INTEREST INCOME | |||||
Trust income | 2,070,000 | 1,553,000 | 4,321,000 | 3,091,000 | |
Service charges on deposit accounts | 8,031,000 | 6,792,000 | 14,394,000 | 12,860,000 | |
Other service charges and fees | 3,130,000 | 859,000 | 4,955,000 | 1,684,000 | |
Mortgage lending income | 3,449,000 | 1,262,000 | 5,710,000 | 2,074,000 | |
Investment banking income | 593,000 | 154,000 | 1,487,000 | 336,000 | |
Debit and credit card fees | 6,486,000 | 5,801,000 | 12,134,000 | 11,444,000 | |
Bank owned life insurance income | 746,000 | 377,000 | 1,318,000 | 705,000 | |
Gain (loss) on sale of securities | 38,000 | (38,000) | 38,000 | ||
Net (loss) on assets covered by FDIC loss share agreements | (3,056,000) | (6,268,000) | (5,727,000) | (13,639,000) | |
Other income | 3,863,000 | 4,820,000 | 5,253,000 | 5,984,000 | |
TOTAL NON-INTEREST INCOME | 25,312,000 | 15,388,000 | 43,807,000 | 24,577,000 | |
NON-INTEREST EXPENSE | |||||
Salaries and employee benefits | 35,475,000 | 20,982,000 | 62,246,000 | 43,447,000 | |
Occupancy expense, net | 5,051,000 | 3,285,000 | 8,627,000 | 7,155,000 | |
Furniture and equipment expense | 3,241,000 | 2,215,000 | 6,420,000 | 4,229,000 | |
Other real estate and foreclosure expense | 1,017,000 | 375,000 | 1,398,000 | 1,248,000 | |
Deposit insurance | 1,096,000 | 1,085,000 | 1,966,000 | 1,753,000 | |
Merger related costs | 1,247,000 | 1,354,000 | 11,666,000 | 2,627,000 | |
Other operating expenses | 18,041,000 | 10,546,000 | 30,213,000 | 23,923,000 | |
TOTAL NON-INTEREST EXPENSE | 65,168,000 | 39,842,000 | 122,536,000 | 84,382,000 | |
INCOME BEFORE INCOME TAXES | 30,345,000 | 14,372,000 | 43,262,000 | 19,657,000 | |
Provision for income taxes | 10,250,000 | 4,464,000 | 14,432,000 | 5,396,000 | |
NET INCOME | 20,095,000 | 9,908,000 | 28,830,000 | 14,261,000 | |
Preferred stock dividends | 77,000 | 103,000 | |||
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ 20,018,000 | $ 9,908,000 | $ 28,727,000 | $ 14,261,000 | |
BASIC EARNINGS PER SHARE (in Dollars per share) | $ 0.67 | $ 0.61 | $ 1.10 | $ 0.88 | |
DILUTED EARNINGS PER SHARE (in Dollars per share) | [1] | $ 0.67 | $ 0.60 | $ 1.10 | $ 0.87 |
[1] | EPS are computed independently for each quarter and therefore the sum of each quarterly EPS may not equal the year-to-date EPS. As a result of the large stock issuances during 2015 as part of the Company's acquisitions, the computed independent quarterly average common shares outstanding and the computed year-to-date average common shares differ significantly. For purposes of calculating a roll-forward amount for year-to-date EPS, diluted EPS for the second quarter would require a computed amount of $0.71, producing a difference of $.04 from actual second quarter diluted EPS of $0.67. This difference is based on the direct result of the varying denominator for each period presented. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
NET INCOME | $ 20,095 | $ 9,908 | $ 28,830 | $ 14,261 |
OTHER COMPREHENSIVE INCOME | ||||
Unrealized holding (losses) gains arising during the period on available-for-sale securities | (5,356) | 1,206 | (143) | 2,659 |
Less: Reclassification adjustment for realized gains (losses) included in net income | 38 | (38) | 38 | |
Other comprehensive (loss) gain, before tax effect | (5,356) | 1,168 | (105) | 2,621 |
Less: Tax effect of other comprehensive (loss) gain | (2,101) | 458 | (41) | 1,028 |
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME | (3,255) | 710 | (64) | 1,593 |
COMPREHENSIVE INCOME | $ 16,840 | $ 10,618 | $ 28,766 | $ 15,854 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
OPERATING ACTIVITIES | |||||
Net income | $ 20,095,000 | $ 9,908,000 | $ 28,830,000 | $ 14,261,000 | $ 21,427,000 |
Items not requiring (providing) cash: | |||||
Depreciation and amortization | 6,945,000 | 3,808,000 | |||
Provision for loan losses | 3,006,000 | 1,602,000 | 4,177,000 | 2,510,000 | |
Net (accretion) of investment securities and assets not covered by FDIC loss share | (9,829,000) | (1,994,000) | |||
Net amortization on borrowings | 150,000 | ||||
Stock-based compensation expense | 1,077,000 | 655,000 | |||
Net accretion on assets covered by FDIC loss share | (119,000) | (350,000) | |||
Deferred income taxes | (1,772,000) | (3,143,000) | |||
Loss (gain) on sale of available-for-sale securities | 38,000 | (38,000) | |||
Gain on sale of premises and equipment | (2,296,000) | ||||
Loss on premises and equipment of closed branches | 1,958,000 | ||||
Bank owned life insurance income | (746,000) | (377,000) | (1,318,000) | (705,000) | |
Changes in: | |||||
Interest receivable | 2,377,000 | 1,400,000 | |||
Mortgage loans held for sale | (26,829,000) | (10,915,000) | |||
Assets held in trading accounts | 506,000 | 2,097,000 | |||
Other assets | (3,178,000) | (5,982,000) | |||
Accrued interest and other liabilities | 8,276,000 | 4,113,000 | |||
Income taxes payable | 6,846,000 | (2,892,000) | |||
Net cash provided by operating activities | 18,135,000 | 529,000 | |||
INVESTING ACTIVITIES | |||||
Net originations of loans not covered by FDIC loss share | (176,400,000) | (34,126,000) | |||
Net collections of loans covered by FDIC loss share | 16,888,000 | 34,830,000 | |||
Proceeds from sale of student loans | 22,136,000 | ||||
Purchases (proceeds) from sale of premises and equipment, net | (7,784,000) | 10,760,000 | |||
Proceeds from sale of foreclosed assets held for sale | 15,131,000 | 13,575,000 | |||
Proceeds from sale of foreclosed assets held for sale, covered by FDIC loss share | 1,859,000 | 7,677,000 | |||
Proceeds from sale of available-for-sale securities | 1,662,000 | 2,552,000 | |||
Proceeds from maturities of available-for-sale securities | 291,688,000 | 59,920,000 | |||
Purchases of available-for-sale securities | (210,344,000) | (118,954,000) | |||
Proceeds from maturities of held-to-maturity securities | 116,439,000 | 130,682,000 | |||
Purchases of held-to-maturity securities | (54,668,000) | (184,965,000) | |||
Purchase of bank owned life insurance | (25,000) | (25,000) | |||
Cash received on FDIC loss share | 3,980,000 | 11,886,000 | |||
Cash received in business combinations, net of cash paid | 201,029,000 | ||||
Net cash provided by (used in) investing activities | 199,455,000 | (44,052,000) | |||
FINANCING ACTIVITIES | |||||
Net change in deposits | (101,472,000) | (55,842,000) | |||
Dividends paid on preferred stock | (103,000) | ||||
Dividends paid on common stock | (13,174,000) | (7,467,000) | |||
Net change in other borrowed funds | (134,106,000) | (1,488,000) | |||
Net change in federal funds purchased and securities sold under agreements to repurchase | (15,024,000) | (9,661,000) | |||
Net shares issued under stock compensation plans | 2,850,000 | 1,261,000 | |||
Net cash used in financing activities | (261,029,000) | (73,197,000) | |||
DECREASE IN CASH AND CASH EQUIVALENTS | (43,439,000) | (116,720,000) | |||
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 335,909,000 | 539,380,000 | 539,380,000 | ||
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 292,470,000 | $ 422,660,000 | $ 292,470,000 | $ 422,660,000 | $ 335,909,000 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders’ Equity - USD ($) $ in Thousands | Delta Trust [Member]Common Stock [Member] | Delta Trust [Member]Additional Paid-in Capital [Member] | Delta Trust [Member] | Community First Bancshares, Inc. [Member]Preferred Stock [Member] | Community First Bancshares, Inc. [Member]Common Stock [Member] | Community First Bancshares, Inc. [Member]Additional Paid-in Capital [Member] | Community First Bancshares, Inc. [Member] | Liberty [Member]Common Stock [Member] | Liberty [Member]Additional Paid-in Capital [Member] | Liberty [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Balance at Dec. 31, 2013 | $ 162 | $ 88,095 | $ (3,002) | $ 318,577 | $ 403,832 | |||||||||||
Comprehensive income: | ||||||||||||||||
Net income | 14,261 | 14,261 | ||||||||||||||
Change in unrealized depreciation on available-for-sale securities, net of income taxes | 1,593 | 1,593 | ||||||||||||||
Comprehensive income | 15,854 | |||||||||||||||
Stock issued as bonus shares | 1 | 441 | 442 | |||||||||||||
Vesting bonus shares, net of forfeitures | 655 | 655 | ||||||||||||||
Stock issued for employee stock purchase plan | 118 | 118 | ||||||||||||||
Exercise of stock options | 843 | 843 | ||||||||||||||
Stock issued for employee stock purchase plan | (142) | (142) | ||||||||||||||
Cash Dividends | (7,467) | (7,467) | ||||||||||||||
Balance at Jun. 30, 2014 | 163 | 90,010 | (1,409) | 325,371 | 414,135 | |||||||||||
Balance at Dec. 31, 2013 | 162 | 88,095 | (3,002) | 318,577 | 403,832 | |||||||||||
Comprehensive income: | ||||||||||||||||
Net income | 21,427 | 21,427 | ||||||||||||||
Change in unrealized depreciation on available-for-sale securities, net of income taxes | 73 | 73 | ||||||||||||||
Comprehensive income | 21,500 | |||||||||||||||
Vesting bonus shares, net of forfeitures | 768 | 768 | ||||||||||||||
Exercise of stock options | 2 | 831 | 833 | |||||||||||||
Stock issued for employee stock purchase plan | (71) | (71) | ||||||||||||||
Stock issued for acquisition | $ 16 | $ 65,030 | $ 65,046 | |||||||||||||
Cash Dividends | (7,892) | (7,892) | ||||||||||||||
Balance at Dec. 31, 2014 | 181 | 156,568 | (1,336) | 338,906 | 494,319 | |||||||||||
Comprehensive income: | ||||||||||||||||
Net income | 28,830 | 28,830 | ||||||||||||||
Change in unrealized depreciation on available-for-sale securities, net of income taxes | (64) | (64) | ||||||||||||||
Comprehensive income | 28,766 | |||||||||||||||
Stock issued as bonus shares | 1 | 1,564 | 1,565 | |||||||||||||
Vesting bonus shares, net of forfeitures | 803 | 803 | ||||||||||||||
Stock issued for employee stock purchase plan | 226 | 226 | ||||||||||||||
Exercise of stock options | 1,201 | 1,201 | ||||||||||||||
Stock granted under stock-based compensation plans | 274 | 274 | ||||||||||||||
Stock issued for employee stock purchase plan | (142) | (142) | ||||||||||||||
Stock issued for acquisition | $ 30,852 | $ 65 | $ 268,277 | $ 299,194 | $ 52 | $ 212,124 | $ 212,176 | |||||||||
Dividends on preferred stock | (103) | (103) | ||||||||||||||
Dividends on common stock – $0.46 per share | (13,174) | (13,174) | ||||||||||||||
Balance at Jun. 30, 2015 | $ 30,852 | $ 299 | $ 640,895 | $ (1,400) | $ 354,459 | $ 1,025,105 |
Consolidated Statements of Sto8
Consolidated Statements of Stockholders’ Equity (Parentheticals) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Exercise of stock options, shares | 52,929 | ||
Stock issued for acquisition – shares | 65,850 | ||
Common Stock [Member] | |||
Stock issued as bonus, shares | 56,600 | 71,840 | 62,040 |
Vesting bonus shares, net of forfeitures | 9,500 | 1,560 | 1,560 |
Stock issued for employee stock purchase plan | 6,528 | 4,897 | |
Exercise of stock options, shares | 52,929 | 33,360 | 31,360 |
Securities exchanged under stock option plan | 3,290 | 3,452 | 1,768 |
Additional Paid-in Capital [Member] | |||
Change in unrealized depreciation on available-for-sale securities, net of income taxes (in Dollars) | $ 41 | $ 1,028 | $ 47 |
AOCI Attributable to Parent [Member] | |||
Cash dividends, per share (in Dollars per share) | $ 0.46 | $ 0.44 | $ 0.44 |
Delta Trust [Member] | Common Stock [Member] | |||
Stock issued for acquisition – shares | 1,629,515 | ||
Community First Bancshares, Inc. [Member] | Preferred Stock [Member] | |||
Stock issued for acquisition – shares | 30,852 | ||
Community First Bancshares, Inc. [Member] | Common Stock [Member] | |||
Stock issued for acquisition – shares | 6,552,916 | ||
Liberty [Member] | Common Stock [Member] | |||
Stock issued for acquisition – shares | 5,181,337 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2015 | |
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, 2014, 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 2014 filed with the U.S. Securities and Exchange Commission (the “SEC”). Recently Issued Accounting Pronouncements ASU 2015-08 – Business Combinations: Pushdown Accounting – Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 ASU 2014-17 – Business Combinations: Pushdown Accounting ASU 2014-14 – Receivables – Troubled Debt Restructurings by Creditors: Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure ASU 2014-12 – Compensation – Stock Compensation – Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved After the Requisite Service Period ASU 2014-11 – Transfers and Servicing – Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures ASU 2014-09 – Revenue from Contracts with Customers ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors There have been no other significant changes to the Company’s accounting policies from the 2014 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, Acquired Loans The Company accounts for its acquisitions under ASC Topic 805, Business Combinations The Company evaluates loans acquired in accordance with the provisions of ASC Topic 310-20, Nonrefundable Fees and Other Costs Loans and Debt Securities Acquired with Deteriorated Credit Quality The Company evaluates all of the loans purchased in conjunction with its FDIC-assisted transactions in accordance with the provisions of ASC Topic 310-30. All loans acquired in the FDIC transactions, both covered and not covered, were deemed to be impaired loans. 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. For impaired loans accounted for under ASC Topic 310-30, we continue to estimate cash flows expected to be collected on pools of loans sharing common risk characteristics, which are treated in the aggregate when applying various valuation techniques. We evaluate at each balance sheet date whether the present value of our pools of loans determined using the effective interest rates has decreased significantly and if so, recognize a provision for loan loss in our consolidated statement of income. For any significant increases in cash flows expected to be collected, we adjust the amount of accretable yield recognized on a prospective basis over the pool’s remaining life. Covered Loans and Related Indemnification Asset Because the FDIC will reimburse us for certain 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, as prescribed by ASC Topic 805. 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 Common Share (“EPS”) Basic EPS is computed by dividing reported net income available to common shareholders by weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common shareholders by the weighted average common shares and all potential dilutive common shares outstanding during the period. Following is the computation of earnings per common share for the three and six months ended June 30, 2015 and 2014: Three Months Ended Six Months Ended (In thousands, except per share data) 2015 2014 2015 2014 Net income available to common shareholders $ 20,018 $ 9,908 $ 28,727 $ 14,261 Average common shares outstanding 29,867 16,318 26,084 16,294 Average potential dilutive common shares 120 43 120 43 Average diluted common shares 29,987 16,361 26,204 16,337 Basic earnings per share $ 0.67 $ 0.61 $ 1.10 $ 0.88 Diluted earnings per share (1) $ 0.67 $ 0.60 $ 1.10 $ 0.87 (1) EPS are computed independently for each quarter and therefore the sum of each quarterly EPS may not equal the year-to-date EPS. As a result of the large stock issuances during 2015 as part of the Company’s acquisitions, the computed independent quarterly average common shares outstanding and the computed year-to-date average common shares differ significantly. For purposes of calculating a roll-forward amount for year-to-date EPS, diluted EPS for the second quarter would require a computed amount of $0.71, producing a difference of $.04 from actual second quarter diluted EPS of $0.67. This difference is based on the direct result of the varying denominator for each period presented. |
Note 2 - Acquisitions
Note 2 - Acquisitions | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | NOTE 2: ACQUISITIONS Liberty Bancshares, Inc. On February 27, 2015, the Simmons First National Corporation completed the acquisition of Liberty Bancshares, Inc. (“Liberty”), headquartered in Springfield, Missouri, including its wholly-owned bank subsidiary Liberty Bank (“LB”). Simmons issued 5,181,337 shares of its common stock valued at approximately $212.2 million as of February 27, 2015 in exchange for all outstanding shares of Liberty common stock. Prior to the acquisition, Liberty conducted banking business from 23 branches located in southwest Missouri. Including the effects of the purchase accounting adjustments, the Company acquired approximately $1.1 billion in assets, approximately $780.7 million in loans including loan discounts and approximately $874.7 million in deposits. The Company completed the systems conversion and merged LB into Simmons Bank on April 24, 2015. Goodwill of $95.6 million was recorded as a result of the transaction. The merger strengthened Simmons’ position in the southwest Missouri market and Simmons believes that it will be able to achieve cost savings by integrating the two companies and combining accounting, data processing, and other administrative functions all of which gave rise to the goodwill recorded. The goodwill will not be deductible for tax purposes. A summary, at fair value, of the assets acquired and liabilities assumed in the Liberty transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks, including time deposits $ 102,637 $ (14 ) $ 102,623 Federal funds sold 7,060 - 7,060 Investment securities 99,123 (335 ) 98,788 Loans acquired, not covered by FDIC loss share 790,493 (9,835 ) 780,658 Allowance for loan losses (10,422 ) 10,422 - Premises and equipment 34,239 (3,215 ) 31,024 Bank owned life insurance 16,972 - 16,972 Core deposit intangible 699 13,857 14,556 Other intangibles 3,063 (3,063 ) - Other assets 17,703 (3,843 ) 13,860 Total assets acquired $ 1,061,567 $ 3,974 $ 1,065,541 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 146,618 $ - $ 146,618 Interest bearing transaction accounts and savings deposits 543,183 - 543,183 Time deposits 184,913 - 184,913 Total deposits 874,714 - 874,714 FHLB borrowings 46,128 223 46,351 Subordinated debentures 20,620 (840 ) 19,780 Accrued interest and other liabilities 7,828 300 8,128 Total liabilities assumed 949,290 (317 ) 948,973 Equity 112,277 (112,277 ) - Total equity assumed 112,277 (112,277 ) - Total liabilities and equity assumed $ 1,061,567 $ (112,594 ) $ 948,973 Net assets acquired 116,568 Purchase price 212,176 Goodwill $ 95,608 The following is a description of the methods used to determine the fair values of significant assets and liabilities presented in the Liberty acquisition above. Cash and due from banks, time deposits due from banks and federal funds sold Investment securities Loans acquired Premises and equipment Bank owned life insurance Goodwill Core deposit intangible Other assets Deposits FHLB borrowings Subordinated debentures Accrued interest and other liabilities The purchase price allocation and certain fair value measurements remain preliminary due to the timing of the acquisition and due to the number of assets acquired and liabilities assumed. Management will continue to review the estimated fair values of loans, property and equipment, intangible assets, subordinated debentures, and other assets and liabilities, and to evaluate the assumed tax positions. The Company expects to finalize its analysis of the acquired loans and subordinated debentures along with the other acquired assets and assumed liabilities in this transaction over the next few months, within one year of the acquisition. Therefore, adjustments to the estimated amounts and carrying values may occur. The Company’s operating results for 2015 include the operating results of the acquired assets and assumed liabilities of Liberty subsequent to the acquisition date. Community First Bancshares, Inc. On February 27, 2015, the Simmons First National Corporation completed the acquisition of Community First Bancshares, Inc. (“Community First”), headquartered in Union City, Tennessee, including its wholly-owned bank subsidiary First State Bank (“FSB”). Simmons issued 6,552,915 shares of its common stock valued at approximately $268.3 million as of February 27, 2015, plus $9,974 in cash in exchange for all outstanding shares of Community First common stock. Simmons also issued $30.9 million of preferred stock in exchange for all outstanding shares of Community First preferred stock. Prior to the acquisition, Community First conducted banking business from 33 branches located across Tennessee. Including the effects of the purchase accounting adjustments, the Company acquired approximately $1.9 billion in assets, approximately $1.1 billion in loans including loan discounts and approximately $1.5 billion in deposits. The Company expects to complete the systems conversion and merge FSB into Simmons Bank by September 4, 2015. Goodwill of $111.3 million was recorded as a result of the transaction. The merger allowed Simmons’ entrance into the Tennessee market and will serve as a launching platform for possible expansion into adjacent areas. Simmons believes that it will be able to achieve cost savings by integrating the two companies and combining accounting, data processing, and other administrative functions. Further Simmons believes it can benefit from the addition of Community First's small-business lending platform while cross-selling its trust products in Community First’s market. This combination of factors gave rise to the goodwill recorded. The goodwill will not be deductible for tax purposes. A summary, at fair value, of the assets acquired and liabilities assumed in the Community First transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 39,848 $ - $ 39,848 Federal funds sold 76,508 - 76,508 Investment securities 570,199 (3,381 ) 566,818 Loans acquired, not covered by FDIC loss share 1,163,398 (26,855 ) 1,136,543 Allowance for loan losses (14,635 ) 14,635 - Foreclosed assets not covered by FDIC loss share 747 - 747 Premises and equipment 44,837 (2,794 ) 42,043 Bank owned life insurance 22,149 - 22,149 Goodwill 100 (100 ) - Core deposit intangible - 11,273 11,273 Other intangibles - 420 420 Deferred tax asset 3,700 3,667 7,367 Other assets 11,474 - 11,474 Total assets acquired $ 1,918,325 $ (3,135 ) $ 1,915,190 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 103,825 $ - $ 103,825 Interest bearing transaction accounts and savings deposits 995,207 - 995,207 Time deposits 436,181 849 437,030 Total deposits 1,535,213 849 1,536,062 Federal funds purchased and securities sold under agreement to repurchase 16,230 - 16,230 FHLB borrowings 143,047 1,347 144,394 Subordinated debentures 21,754 (510 ) 21,244 Accrued interest and other liabilities 8,769 601 9,370 Total liabilities assumed 1,725,013 2,287 1,727,300 Equity 193,312 (193,312 ) - Total equity assumed 193,312 (193,312 ) - Total liabilities and equity assumed $ 1,918,325 $ (191,025 ) $ 1,727,300 Net assets acquired 187,890 Purchase price 299,204 Goodwill $ 111,314 The following is a description of the methods used to determine the fair values of significant assets and liabilities presented in the Community First acquisition above. Cash and due from banks and federal funds sold Investment securities Loans acquired Foreclosed assets held for sale Premises and equipment Bank owned life insurance Goodwill Core deposit intangible Other intangibles Deferred tax asset Other assets Deposits Federal funds purchased and securities sold under agreement to repurchase FHLB borrowings Subordinated debentures Accrued interest and other liabilities The purchase price allocation and certain fair value measurements remain preliminary due to the timing of the acquisition and due to the number of assets acquired and liabilities assumed. Management will continue to review the estimated fair values of loans, foreclosed assets, property and equipment, intangible assets, subordinated debentures, and other assets and liabilities, and to evaluate the assumed tax positions. The Company expects to finalize its analysis of the acquired loans and subordinated debentures along with the other acquired assets and assumed liabilities in this transaction over the next few months, within one year of the acquisition. Therefore, adjustments to the estimated amounts and carrying values may occur. The Company’s operating results for 2015 include the operating results of the acquired assets and assumed liabilities of Community First subsequent to the acquisition date. Summary of Unaudited Pro forma Information The unaudited pro forma information below for the three and six months ended June 30, 2015 and 2014 gives effect to the Liberty and Community First acquisitions as if the acquisitions had occurred on January 1, 2014. Pro forma earnings for the three months ended June 30, 2015 were adjusted to exclude $7.4 million of acquisition-related costs, net of tax, incurred by Simmons during 2015. Supplemental pro-forma earnings for the six months ended June 30, 2014 were also adjusted to include these charges. The pro forma financial information is not necessarily indicative of the results of operations if the acquisitions had been effective as of this date. (In thousands) Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Revenue (1) $ 96,942 $ 95,504 Net income $ 30,043 $ 9,934 Earnings per share $ 1.00 $ 0.35 (In thousands) Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Revenue (1) $ 194,203 $ 185,977 Net income $ 42,090 $ 26,191 Earnings per share $ 1.40 $ 0.93 (1) Net interest income plus noninterest income. Consolidated year-to-date 2015 results included approximately $18.8 million of revenue and $8.3 million of net income attributable to the Liberty acquisition and $32.5 million of revenue and $8.4 million of net income attributable to the Community First acquisition. Ozark Trust & Investment Corporation (Pending Acquisition) On April 28, 2015, the Company entered into a definitive agreement and plan of merger (the “Agreement”) with Ozark Trust & Investment Corporation (“OTIC”), including its wholly-owned non-deposit trust company, Trust Company of the Ozarks (“TCO”). TCO is headquartered in Springfield, Missouri and has over $1 billion in assets under management. Under the terms of the Agreement, each outstanding share of common stock of OTIC held by banks or bank holding companies will be converted into the right to receive $701.9268 in cash and each share of common stock or common stock equivalents held by any other type of shareholder will be converted into the right to receive 16.7205 shares of the Company’s common stock, all subject to certain conditions and potential adjustments. The Company owns 1,000 shares of OTIC’s common stock, which it acquired through its acquisition of Liberty Bancshares, Inc. in February 2015. The transaction is valued at $20.7 million (based on the Company’s April 27, 2015 closing price). The purchase price will be allocated among the net assets of OTIC acquired as appropriate, with the remaining balance being reported as goodwill. The transaction is subject to the routine regulatory review by the Missouri Department of Finance and other customary closing conditions. The transaction is expected to close during the third quarter of 2015. Upon closing, OTIC will merge into the Company. |
Note 3 - Investment Securities
Note 3 - Investment Securities | 6 Months Ended |
Jun. 30, 2015 | |
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: June 30, 2015 December 31, 2014 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Estimated Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Estimated Fair Value Held-to-Maturity U.S. Government agencies $ 361,744 $ 1,234 $ (1,463 ) $ 361,515 $ 418,914 $ 929 $ (4,055 ) $ 415,788 Mortgage-backed securities 27,146 130 (240 ) 27,036 29,743 56 (411 ) 29,388 State and political subdivisions 471,631 5,151 (3,059 ) 473,723 328,310 7,000 (573 ) 334,737 Other securities 1,075 - - 1,075 620 - - 620 Total HTM $ 861,596 $ 6,515 $ (4,762 ) $ 863,349 $ 777,587 $ 7,985 $ (5,039 ) $ 780,533 Available-for-Sale U.S. Treasury $ 4,000 $ 5 $ - $ 4,005 $ 4,000 $ 1 $ (9 ) $ 3,992 U.S. Government agencies 236,700 138 (835 ) 236,003 275,381 15 (2,580 ) 272,816 Mortgage-backed securities 466,060 889 (2,092 ) 464,857 1,579 - (7 ) 1,572 State and political subdivisions 10,961 29 (19 ) 10,971 6,536 7 (3 ) 6,540 Other securities 32,284 422 (841 ) 31,865 19,985 386 (8 ) 20,363 Total AFS $ 750,005 $ 1,483 $ (3,787 ) $ 747,701 $ 307,481 $ 409 $ (2,607 ) $ 305,283 Securities with limited marketability, such as stock in the Federal Reserve Bank and the Federal Home Loan Bank, are carried at cost and are reported as other available-for-sale securities in the table above. Certain investment securities are valued at less than their historical cost. Total fair value of these investments at June 30, 2015, was $983.1 million, which is approximately 61.1% of the Company’s combined available-for-sale and held-to-maturity investment portfolios. The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2015: Less Than 12 Months 12 Months or More Total (In thousands) Estimated Gross Estimated Gross Estimated Gross Held-to-Maturity U.S. Government agencies $ 177,586 $ (850 ) $ 63,880 $ (613 ) $ 241,466 $ (1,463 ) Mortgage-backed securities 8,581 (46 ) 8,882 (194 ) 17,463 (240 ) State and political subdivisions 191,420 (2,995 ) 3,805 (64 ) 195,225 (3,059 ) Total HTM $ 377,587 $ (3,891 ) $ 76,567 $ (871 ) $ 454,154 $ (4,762 ) Available-for-Sale U.S. Government agencies $ 138,848 $ (405 ) $ 42,673 $ (430 ) $ 181,521 $ (835 ) Mortgage-backed securities 342,210 (2,092 ) - - 342,210 (2,092 ) State and political subdivisions 3,473 (19 ) - - 3,473 (19 ) Equity Securities 764 (5 ) - - 764 (5 ) Other 1,000 (836 ) - - 1,000 (836 ) Total AFS $ 486,295 $ (3,357 ) $ 42,673 $ (430 ) $ 528,968 $ (3,787 ) 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. 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 June 30, 2015, 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 June 30, 2015, management believes the impairments detailed in the table above are temporary. 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. The book value of securities sold under agreements to repurchase equaled $105.7 million and $100.8 million for June 30, 2015 and December 31, 2014, respectively. Income earned on securities for the three and six months ended June 30, 2015 and 2014, is as follows: Three Months Ended Six Months Ended (In thousands, except per share data) 2015 2014 2015 2014 Taxable: Held-to-maturity $ 1,307 $ 1,378 $ 2,696 $ 2,727 Available-for-sale 3,172 729 4,755 1,279 Non-taxable: Held-to-maturity 2,732 2,633 5,334 5,252 Available-for-sale 839 26 1,144 57 Total $ 8,050 $ 4,766 $ 13,929 $ 9,315 Maturities of investment securities at June 30, 2015, are as follows: Held-to-Maturity Available-for-Sale (In thousands, except per share data) Amortized Fair Amortized Fair One year or less $ 52,552 $ 52,603 $ 21,853 $ 21,833 After one through five years 379,913 379,511 183,376 182,746 After five through ten years 177,863 179,113 116,360 116,088 After ten years 251,268 252,122 396,901 395,933 Other securities (no maturity) - - 31,515 31,101 Total $ 861,596 $ 863,349 $ 750,005 $ 747,701 The carrying value, which approximates the fair value, of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $819.6 million at June 30, 2015 and $520.4 million at December 31, 2014. There were no realized gains and no realized losses for the three months ended June 30, 2015 and there were $2,000 of gross realized gains and $40,000 of realized losses from the sale of available for sale securities during the six months ended June 30, 2015. There were $38,000 of realized gains and no realized losses on investment securities for the three and six months ended June 30, 2014. The state and political subdivision debt obligations are primarily non-rated bonds representing small, Arkansas, Texas, Missouri and Tennessee issues, which are evaluated on an ongoing basis. |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 4: LOANS AND ALLOWANCE FOR LOAN LOSSES At June 30, 2015, the Company’s loan portfolio was $4.81 billion, compared to $2.74 billion at December 31, 2014. The various categories of loans are summarized as follows: (In thousands) June 30, December 31, Consumer: Credit cards $ 174,074 $ 185,380 Other consumer 160,828 103,402 Total consumer 334,902 288,782 Real Estate: Construction 199,707 181,968 Single family residential 662,954 455,563 Other commercial 878,109 714,797 Total real estate 1,740,770 1,352,328 Commercial: Commercial 388,869 291,820 Agricultural 141,502 115,658 Total commercial 530,371 407,478 Other 5,186 5,133 Legacy loans 2,611,229 2,053,721 Loans acquired, not covered by FDIC loss share (net of discount) (1) 2,108,306 575,980 Loans acquired, covered by FDIC loss share (net of discount and allowance) (1) 93,121 106,933 Total loans $ 4,812,656 $ 2,736,634 (1) See Note 5, Loans Acquired, for segregation of loans acquired by loan class. Loan Origination/Risk Management Consumer Real estate Commercial Nonaccrual and Past Due Loans Nonaccrual loans, excluding loans acquired, segregated by class of loans, are as follows: (In thousands) June 30, December 31, Consumer: Credit cards $ 321 $ 197 Other consumer 308 405 Total consumer 629 602 Real estate: Construction 5,058 4,863 Single family residential 4,672 4,010 Other commercial 3,266 1,522 Total real estate 12,996 10,395 Commercial: Commercial 1,844 585 Agricultural 96 456 Total commercial 1,940 1,041 Total $ 15,565 $ 12,038 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 June 30, 2015 Consumer: Credit cards $ 539 $ 479 $ 1,018 $ 173,056 $ 174,074 $ 158 Other consumer 1,650 352 2,002 158,826 160,828 194 Total consumer 2,189 831 3,020 331,882 334,902 352 Real estate: Construction 475 2,544 3,019 196,688 199,707 357 Single family residential 3,963 3,487 7,450 655,504 662,954 273 Other commercial 1,903 2,193 4,096 874,013 878,109 96 Total real estate 6,341 8,224 14,565 1,726,205 1,740,770 726 Commercial: Commercial 994 425 1,419 387,450 388,869 203 Agricultural 187 163 350 141,152 141,502 94 Total commercial 1,181 588 1,769 528,602 530,371 297 Other - - - 5,186 5,186 - Total $ 9,711 $ 9,643 $ 19,354 $ 2,591,875 $ 2,611,229 $ 1,375 December 31, 2014 Consumer: Credit cards $ 687 $ 457 $ 1,144 $ 184,236 $ 185,380 $ - Other consumer 1,349 447 1,796 101,606 103,402 223 Total consumer 2,036 904 2,940 285,842 288,782 223 Real estate: Construction 760 570 1,330 180,638 181,968 177 Single family residential 4,913 2,213 7,126 448,437 455,563 248 Other commercial 1,987 847 2,834 711,963 714,797 - Total real estate 7,660 3,630 11,290 1,341,038 1,352,328 425 Commercial: Commercial 381 354 735 291,085 291,820 - Agricultural 119 109 228 115,430 115,658 40 Total commercial 500 463 963 406,515 407,478 40 Other - - - 5,133 5,133 - Total $ 10,196 $ 4,997 $ 15,193 $ 2,038,528 $ 2,053,721 $ 688 Impaired Loans 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 Investment Recorded Total Related Average Investment in Impaired Loans Interest Average Investment in Impaired Loans Interest Income Recognized June 30, 2015 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Consumer: Credit cards $ 479 $ 479 $ - $ 479 $ 14 $ 459 $ 7 $ 372 $ 12 Other consumer 519 502 21 523 89 538 11 565 19 Total consumer 998 981 21 1,002 103 997 18 937 31 Real estate: Construction 6,104 2,650 - 2,650 - 5,066 107 5,717 197 Single family residential 5,744 5,237 639 5,876 920 5,251 93 4,942 170 Other commercial 4,240 3,362 127 3,489 593 3,104 48 2,563 88 Total real estate 16,088 11,249 766 12,015 1,513 13,421 248 13,222 455 Commercial: Commercial 1,824 2,048 1,102 3,150 363 2,054 29 1,558 54 Agricultural 195 190 - 190 33 166 5 264 9 Total commercial 2,019 2,238 1,102 3,3407 396 2,220 34 1,822 63 Total $ 19,105 $ 14,468 $ 1,889 $ 16,357 $ 2,012 $ 16,638 $ 300 $ 15,981 $ 549 December 31, 2014 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Consumer: Credit cards $ 197 $ 197 $ - $ 197 $ 6 $ 446 $ 4 $ 470 $ 9 Other consumer 604 610 9 619 118 778 7 823 16 Total consumer 801 807 9 816 124 1,224 11 1,293 25 Real estate: Construction 7,400 7,020 - 7,020 599 2,840 2 4 2,962 5 8 Single family residential 4,442 3,948 377 4,325 899 4,254 36 4,153 81 Other commercial 1,955 1,446 36 1,482 268 9,562 80 9,437 185 Total real estate 13,797 12,414 413 12,827 1,766 16,656 140 16,552 324 Commercial: Commercial 1,227 566 - 566 102 765 6 664 13 Agricultural 501 460 - 466 83 98 1 92 2 Total commercial 1,728 1,026 - 1,026 185 863 7 756 15 Total $ 16,326 $ 14,247 $ 422 $ 14,669 $ 2,075 $ 18,743 $ 158 $ 18,601 $ 364 At June 30, 2015, and December 31, 2014, impaired loans, net of government guarantees and excluding loans acquired, totaled $16.4 million and $14.7 million, respectively. Allocations of the allowance for loan losses relative to impaired loans were $2.0 million at June 30, 2015 and $2.1 million at December 31, 2014. Approximately $300,000 and $549,000 of interest income was recognized on average impaired loans of $16.6 million and $16.0 million for the three and six months ended June 30, 2015. Interest income recognized on impaired loans on a cash basis during the three and six months ended June 30, 2015 and 2014 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 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 Loans Total TDR Loans (Dollars in thousands) Number Balance Number Balance Number Balance June 30, 2015 Real estate: Construction - $ - 1 $ 263 1 $ 263 Single-family residential 2 137 6 953 8 1,090 Other commercial 3 1,822 2 622 5 2,444 Total real estate 5 1,959 9 1,838 14 3,797 Total 5 $ 1,959 9 $ 1,838 14 $ 3,797 December 31, 2014 Real estate: Construction - $ - 1 $ 391 1 $ 391 Single-family residential 2 393 1 3 3 396 Other commercial 3 1,840 1 614 4 2,454 Total real estate 5 2,233 3 1,008 8 3,241 Total 5 $ 2,233 3 $ 1,008 8 $ 3,241 The following table presents loans that were restructured as TDRs during the three and six months ended June 30, 2015 and 2014, 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 Three Months Ended June 30, 2015 Real Estate: Single-family residential 4 $ 361 $ 361 $ 361 $ - $ - Other commercial 1 19 19 19 Total real estate 5 380 380 380 - - Total 5 $ 380 $ 380 $ 380 $ - $ - Three Months Ended June 30, 2014 Commercial: Commercial 1 $ 599 $ 599 $ 599 $ - $ - Total commercial 1 599 599 599 - - Total 1 $ 599 $ 599 $ 599 $ - $ - Six Months Ended June 30, 2015 Real estate: Single-family residential 6 $ 709 $ 701 $ 701 $ - $ - Other commercial 1 19 19 19 Total real estate 7 728 720 720 - - Total 7 $ 728 $ 720 $ 720 $ - $ - Six Months Ended June 30, 2014 Real estate: Single-family residential 1 $ 1,031 $ 1,031 $ 1,031 $ - $ - Total real estate 1 1,031 1,031 1,031 - - Commercial: Commercial 1 599 599 599 - - Total commercial 1 599 599 599 - - Total 2 $ 1,630 $ 1,630 $ 1,630 $ - $ - During the three months ended June 30, 2015, the Company modified five loans with a recorded investment of $380,000 prior to modification which were deemed troubled debt restructuring. The restructured loans were modified various terms, including changing the maturity date, deferring amortized principal payments and requiring interest only payments for a period of 12 months. Based on the fair value of the collateral, no specific reserve was determined necessary for these loans. Also, there was no immediate financial impact from the restructuring of these loans, as it was not considered necessary to charge-off interest or principal on the date of restructure. During the six months ended June 30, 2015, the Company modified seven loans with a total recorded investment of $728,000 prior to modification which were deemed troubled debt restructuring. The restructured loans were modified by various terms, including changing the maturity date and deferring amortized principal payments. Based on the fair value of the collateral, no specific reserve was determined necessary for these loans. Also, there was no immediate financial impact from the restructuring of these loans, as it was not considered necessary to charge-off interest or principal on the date of restructure. During the three months ended June 30, 2014, the Company modified one loan with a recorded investment of $599,000 and during the six months ended June 30, 2014, the Company modified two loans with a total recorded investment of $1,630,000 prior to modification which were deemed troubled debt restructuring. The restructured loans were modified by changing various terms, including changing the maturity date and deferring amortized principal payments. Based on the fair value of the collateral, no specific reserve was determined necessary for these loans. Also, there was no immediate financial impact from the restructuring of these loans, 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 six months ended June 30, 2015 and 2014, 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. In addition to the TDRs that occurred during the period provided in the preceding tables, the Company had TDRs with pre-modification loan balances of $4,756,500 and $9,268,321 at June 30, 2015 and 2014, respectively, for which other real estate owned (“OREO”) was received in full or partial satisfaction of the loans. The majority of such TDRs were in commercial real estate and residential real estate. At June 30, 2015, the Company had $1,537,000 of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process. At June 30, 2015, the Company had $4,599,000 of OREO secured by residential real estate properties. Credit Quality Indicators 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) · Risk Rate 2 – Pass (Good) · Risk Rate 3 – Pass (Acceptable – Average) · Risk Rate 4 – Pass (Monitor) · Risk Rate 5 – Special Mention · Risk Rate 6 – Substandard · Risk Rate 7 – Doubtful · Risk Rate 8 – Loss Loans acquired, including loans covered by FDIC loss share agreements, are evaluated using this internal grading system. Loans acquired through FDIC-assisted transactions are accounted for in pools. All of the non-covered loan pools accounted for under ASC Topic 310-30 were considered satisfactory (Risk Ratings 1 – 4) at June 30, 2015 and December 31, 2014, respectively. Loans acquired in the Liberty, Community First, Metropolitan and Delta Trust acquisitions are evaluated individually and include purchased credit impaired loans of $32.9 million and $22.3 million that are accounted for under ASC Topic 310-30 and are classified as substandard (Risk Rating 6) as of June 30, 2015 and December 31, 2014, respectively. Of the remaining loans acquired in the Liberty, Community First, Metropolitan and Delta Trust transactions and accounted for under ASC Topic 310-20, $29.8 million and $16.6 million were classified (Risk Ratings 6, 7 and 8 – see classified loans discussion below) at June 30, 2015 and December 31, 2014, respectively. Loans acquired, covered by loss share agreements, have additional protection provided by the FDIC. During the 2014 quarterly impairment testing on the estimated cash flows of the credit impaired loans, the Company established that some of the pools covered by loss share from our FDIC-assisted transactions had experienced material projected credit deterioration. As a result, the Company established a $1.0 million allowance for loan losses on covered loans by recording a provision for loan losses of $0.4 million (net of FDIC-loss share adjustments) during the period ended December 31, 2014. There was no further projected credit deterioration and no addition to the allowance for covered loans during the period ended June 30, 2015. See Note 5, Loans Acquired, for further discussion of the acquired loans, loan pools and loss sharing agreements. Purchased credit impaired loans are loans that showed evidence of deterioration of credit quality since origination and for which it is probable, at acquisition, that the Company will be unable to collect all amounts contractually owed. Their fair value was initially based on the estimate of cash flows, both principal and interest, expected to be collected or estimated collateral values if cash flows are not estimable, discounted at prevailing market rates of interest. The difference between the undiscounted cash flows expected at acquisition and the fair value at acquisition is recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition are not recognized as a yield adjustment. Increases in expected cash flows subsequent to the initial investment are recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows are recognized as impairment. 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, excluding covered and non-covered loans acquired in FDIC-assisted transactions, were $102.1 million and $82.1 million, as of June 30, 2015 and December 31, 2014, respectively. The following table presents a summary of loans by credit risk rating as of June 30, 2015 and December 31, 2014, segregated by class of loans. (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total June 30, 2015 Consumer: Credit cards $ 173,595 $ - $ 479 $ - $ - $ 174,074 Other consumer 160,243 - 577 8 - 160,828 Total consumer 333,838 - 1,056 8 - 334,902 Real estate: Construction 192,697 514 6,496 - - 199,707 Single family residential 651,355 1,616 9,808 175 - 662,954 Other commercial 846,907 5,206 25,996 - - 878,109 Total real estate 1,690,959 7,336 42,300 175 - 1,740,770 Commercial: Commercial 377,144 1,374 10,313 38 - 388,869 Agricultural 140,631 700 171 - - 141,502 Total commercial 517,775 2,074 10,484 38 - 530,371 Other 5,148 - 38 - - 5,186 Loans acquired, not covered by FDIC loss share 2,046,360 13,901 46,151 1,855 39 2,108,306 Loans acquired, covered by FDIC loss share 93,121 - - - - 93,121 Total $ 4,687,201 $ 23,311 $ 100,029 $ 2,076 $ 39 $ 4,812,656 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2014 Consumer: Credit cards $ 184,923 $ - $ 457 $ - $ - $ 185,380 Other consumer 102,515 5 839 43 - 103,402 Total consumer 287,438 5 1,296 43 - 288,782 Real estate: Construction 176,825 84 5,059 - - 181,968 Single family residential 446,040 1,776 7,665 82 - 455,563 Other commercial 698,329 7,074 9,394 - - 714,797 Total real estate 1,321,194 8,934 22,118 82 - 1,352,328 Commercial: Commercial 271,017 1,544 19,248 11 - 291,820 Agricultural 115,106 20 532 - - 115,658 Total commercial 386,123 1,564 19,780 11 - 407,478 Other 5,133 - - - - 5,133 Loans acquired, not covered by FDIC loss share 535,728 1,435 36,958 1,854 5 575,980 Loans acquired, covered by FDIC loss share 106,933 - - - - 106,933 Total $ 2,642,549 $ 11,938 $ 80,152 $ 1,990 $ 5 $ 2,736,634 Net (charge-offs)/recoveries for the three and six months ended June 30, 2015 and 2014, excluding loans acquired, segregated by class of loans, were as follows: Three Months Ended Six Months Ended (In thousands) 2015 2014 2015 2014 Consumer: Credit cards $ (561 ) $ (510 ) $ (1,133 ) $ (1,055 ) Student loans - (20 ) - (29 ) Other consumer (179 ) (273 ) (266 ) (291 ) Total consumer (740 ) (803 ) (1,399 ) (1,375 ) Real estate: Construction (29 ) (24 ) (29 ) (444 ) Single-family residential (74 ) (47 ) (325 ) (358 ) Other commercial (184 ) (11 ) (214 ) (7 ) Total real estate (287 ) (82 ) (568 ) (809 ) Commercial: Commercial - (170 ) (76 ) (220 ) Agriculture 9 - 9 (18 ) Total commercial 9 (170 ) (67 ) (238 ) Total $ (1,018 ) $ (1,055 ) $ (2,034 ) $ (2,422 ) Allowance for Loan Losses Allowance for Loan Losses Receivables Loss Contingencies 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 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 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. The following table details activity in the allowance for loan losses, excluding loans acquired, by portfolio segment for the three and six months ended June 30, 2015. 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 Total Three Months Ended June 30, 2015 Balance, beginning of period (2) $ 6,870 $ 15,553 $ 5,527 $ 1,233 $ 29,183 Provision for loan losses (1) (1,569 ) 3,311 352 308 2,402 Charge-offs - (333 ) (802 ) (366 ) (1,501 ) Recoveries 9 46 241 187 483 Net recoveries (charge-offs) 9 (287 ) (561 ) (179 ) (1,018 ) Balance, June 30, 2015 (2) $ 5,310 $ 18,577 $ 5,318 $ 1,362 $ 30,567 Six Months Ended June 30, 2015 Balance, beginning of period (2) $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 Provision for loan losses (1) (1,585 ) 3,984 1,006 168 3,573 Charge-offs (245 ) (626 ) (1,587 ) (586 ) (3,044 ) Recoveries 178 58 454 320 1,010 Net charge-offs (67 ) (568 ) (1,133 ) (266 ) (2,034 ) Balance, June 30, 2015 (2) $ 5,310 $ 18,577 $ 5,318 $ 1,362 $ 30,567 Period-end amount allocated to: Loans individually evaluated for impairment $ 396 $ 1,513 $ 14 $ 89 $ 2,012 Loans collectively evaluated for impairment 4,914 17,064 5,304 1,273 28,555 Balance, June 30, 2015 (2) $ 5,310 $ 18,577 $ 5,318 $ 1,362 $ 30,567 (1) Provision for loan losses of $604,000 attributable to loans acquired, not covered by loss share, was excluded from this table for the three and six months ended June 30, 2015 (total provision for loan losses for the three and six months ended June 30, 2015 was $3,006,000 and $4,177,000). The $604,000 was subsequently charged-off, resulting in no ending balance in the allowance related to loans acquired, not covered by loss share. (2) Allowance for loan losses at March 31, 2015, June 30, 2015 and December 31, 2014 includes $954,000 allowance for loans acquired, covered by loss share. The total allowance for loan losses at March 31, 2015, June 30, 2015 and December 31, 2014 was $30,137,000, $31,521,000 and $29,982,000, respectively. Activity in the allowance for loan losses, excluding loans acquired, for the three and six months ended June 30, 2014 was as follows: (In thousands) Commercial Real Credit Other Total Three Months Ended June 30, 2014 Balance, beginning of period $ 3,508 $ 16,393 $ 5,444 $ 1,638 $ 26,983 Provision for loan losses 613 (142 ) 576 555 1,602 Charge-offs (186 ) (1,144 ) (725 ) (426 ) (2,481 ) Recoveries 16 1,062 215 133 1,426 Net charge-offs (170 ) (82 ) (510 ) (293 ) (1,055 ) Balance, June 30, 2014 $ 3,951 $ 16,169 $ 5,510 $ 1,900 $ 27,530 Six Months Ended June 30, 2014 Balance, beginning of period $ 3,205 $ 16,885 $ 5,430 $ 1,922 $ 27,442 Provision for loan losses 984 93 1,135 298 2,510 Charge-offs (268 ) (2,179 ) (1,541 ) (574 ) (4,562 ) Recoveries 30 1,370 486 254 2,140 Net charge-offs (238 ) (809 ) (1,055 ) (320 ) (2,422 ) Balance, June 30, 2014 $ 3,951 $ 16,169 $ 5,510 $ 1,900 $ 27,530 Period-end amount allocated to: Loans individually evaluated for impairment $ 136 $ 1,697 $ 13 $ 166 $ 2,012 Loans collectively evaluated for impairment 3,815 14,472 5,497 1,734 25,518 Balance, June 30, 2014 $ 3,951 $ 16,169 $ 5,510 $ 1,900 $ 27,530 Period-end amount allocated to: Loans individually evaluated for impairment $ 185 $ 1,756 $ 6 $ 118 $ 2,065 Loans collectively evaluated for impairment 6,777 13,405 5,439 1,342 26,963 Balance, December 31, 2014 (1) $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 (1) Allowance for loan losses at December 31, 2014 includes $954,000 allowance for loans acquired, covered by loss share. The total allowance for loan losses at December 31, 2014 was $29,982,000. 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 June 30, 2015 Loans individually evaluated for impairment $ 3,340 $ 12,015 $ 479 $ 523 $ 16,357 Loans collectively evaluated for impairment 527,031 1,728,755 173,595 165,491 2,594,872 Balance, end of period $ 530,371 $ 1,740,770 $ 174,074 $ 166,014 $ 2,611,229 December 31, 2014 Loans individually evaluated for impairment $ 1,026 $ 12,827 $ 197 $ 619 $ 14,669 Loans collectively evaluated for impairment 406,452 1,339,501 185,183 107,916 2,039,052 Balance, end of period $ 407,478 $ 1,352,328 $ 185,380 $ 108,535 $ 2,053,721 |
Note 5 - Loans Acquired
Note 5 - Loans Acquired | 6 Months Ended |
Jun. 30, 2014 | |
Loans Acquired [Abstract] | |
Loans Acquired [Text Block] | NOTE 5: LOANS ACQUIRED During the first quarter of 2015, the Company evaluated $769.9 million of net loans ($774.8 million gross loans less $4.9 million discount) purchased in conjunction with the acquisition of Liberty, described in Note 2, Acquisitions, in accordance with the provisions of ASC Topic 310-20, Nonrefundable Fees and Other Costs Loans and Debt Securities Acquired with Deteriorated Credit Quality Also during the first quarter of 2015, the Company evaluated $1.13 billion of net loans ($1.15 billion gross loans less $23.7 million discount) purchased in conjunction with the acquisition of Community First, described in Note 2, Acquisitions, in accordance with the provisions of ASC Topic 310-20. The fair value discount is being accreted into interest income over the weighted average life of the loans using a constant yield method. These loans are not considered to be impaired loans. The Company evaluated the remaining $7.0 million of net loans ($10.1 million gross loans less $3.1 million discount) purchased in conjunction with the acquisition of Community First for impairment in accordance with the provisions of ASC Topic 310-30. The Company evaluated all of the loans acquired during 2013 – 2014 using the same methodologies as in the 2015 acquisitions. The Company evaluated all of the loans purchased in conjunction with its previous FDIC-assisted transactions in accordance with the provisions of ASC Topic 310-30. All loans acquired in the FDIC transactions, both covered and not covered, were deemed to be impaired loans. 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. See Note 2, Acquisitions, for further discussion of loans acquired. The following table reflects the carrying value of all acquired loans as of June 30, 2015 and December 31, 2014: Loans Acquired (in thousands) June 30, December 31, Consumer: Other consumer $ 107,149 $ 8,514 Total consumer 107,149 8,514 Real estate: Construction 119,530 46,911 Single family residential 629,113 175,970 Other commercial 1,057,280 390,877 Total real estate 1,805,923 613,758 Commercial: Commercial 239,355 56,134 Agricultural 15,797 4,507 Total commercial 155,152 60,641 Other 33,203 - Total loans acquired (1) $ 2,201,427 $ 682,913 (1) Loans acquired include $93.1 million and $106.9 million (each net of $1.0 million allowance) of loans covered by FDIC loss share agreements at June 30, 2015 and December 31, 2014, respectively. Nonaccrual acquired loans, excluding loans covered by loss share accounted for under ASC Topic 310-30, segregated by class of loans, are as follows (see Note 4, Loans an Allowance for Loan Losses, for discussion of nonaccrual loans): (In thousands) June 30, December 31, Consumer: Other consumer $ 83 $ 29 Total consumer 83 29 Real estate: Construction 151 105 Single family residential 4,796 2,018 Other commercial 2,905 271 Total real estate 7,852 2,394 Commercial: Commercial 884 291 Agricultural 18 3 Total commercial 902 294 Other 46 - Total $ 8,883 $ 2,717 An age analysis of past due acquired loans, excluding loans covered by loss share, segregated by class of loans, is as follows (see Note 4, Loans an Allowance for Loan Losses, for discussion of past due loans): (In thousands) Gross 90 Days Total Current Total 90 Days June 30, 2015 Consumer: Other consumer $ 434 $ 73 $ 507 $ 106,639 $ 107,146 $ 33 Total consumer 434 73 507 106,639 107,146 33 Real estate: Construction 2,298 105 2,403 111,532 113,935 - Single family residential 12,492 5,926 18,418 583,432 601,850 2,377 Other commercial 6,406 5,748 12,154 990,074 1,002,228 333 Total real estate 21,196 11,779 32,975 1,685,038 1,718,013 2,710 Commercial: Commercial 3,668 3,776 7,444 226,737 234,181 51 Agricultural 99 6 105 15,658 15,763 6 Total commercial 3,767 3,782 7,549 242,395 249,944 57 Other - - - 33,203 33,203 - Total $ 25,397 $ 15,634 $ 41,031 $ 2,067,275 $ 2,108,306 $ 2,800 December 31, 2014 Consumer: Other consumer $ 70 $ 34 $ 104 $ 8,407 $ 8,511 $ 5 Total consumer 70 34 104 8,407 8,511 5 Real estate: Construction 292 105 397 36,450 36,847 - Single family residential 3,804 2,906 6,710 138,383 145,093 594 Other commercial 1,415 5,994 7,409 326,759 334,168 - Total real estate 5,511 9,005 14,516 501,592 516,108 594 Commercial: Commercial 110 421 531 46,730 47,261 - Agricultural - - - 4,100 4,100 - Total commercial 110 421 531 50,830 51,361 - Total $ 5,691 $ 9,460 $ 15,151 $ 560,829 $ 575,980 $ 599 The following table presents a summary of acquired loans, excluding loans covered by loss share, by credit risk rating, segregated by class of loans (see Note 4, Loans an Allowance for Loan Losses, for discussion of loan risk rating). (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total June 30, 2015 Consumer: Other consumer $ 106,784 $ - $ 362 $ - $ - $ 107,146 Total consumer 106,784 - 362 - - 107,146 Real estate: Construction 108,222 120 5,594 - - 113,936 Single family residential 586,785 2,133 11,072 1,833 26 601,849 Other commercial 972,522 9,047 20,661 - - 1,002,230 Total real estate 1,667,529 11,300 37,327 1,833 26 1,718,015 Commercial: Commercial 223,674 2,601 7,882 22 - 234,179 Agricultural 15,216 - 534 - 13 15,763 Total commercial 238,890 2,601 8,416 22 13 249,942 Other 33,157 - 46 - - 33,203 Total $ 2,046,360 $ 13,901 $ 46,151 $ 1,855 $ 39 $ 2,108,306 December 31, 2014 Consumer: Other consumer $ 8,479 $ - $ 32 $ - $ - $ 8,511 Total consumer 8,479 - 32 - - 8,511 Real estate: Construction 27,430 78 9,339 - - 36,847 Single family residential 135,240 683 7,311 1,854 5 145,093 Other commercial 317,965 605 15,598 - - 334,168 Total real estate 480,635 1,366 32,248 1,854 5 516,108 Commercial: Commercial 43,585 69 3,607 - - 47,261 Agricultural 3,030 - 1,070 - - 4,100 Total commercial 46,615 69 4,677 - - 51,361 Total $ 535,729 $ 1,435 $ 36,957 $ 1,854 $ 5 $ 575,980 Loans acquired as a part of the Liberty, Community First, Metropolitan and Delta Trust transactions were individually evaluated and recorded at estimated fair value, including estimated credit losses, at the time of acquisition. The loans acquired in FDIC assisted transactions were grouped into pools based on common risk characteristics and the pools were recorded at their estimated fair values, which incorporated estimated credit losses at the acquisition date. These loans and 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 legacy loan portfolio, with most focus being placed on those loans which include the larger loan relationships and those loans which exhibit higher risk characteristics. The following is a summary of the non-covered loans acquired in the Liberty acquisition on February 27, 2015, as of the date of acquisition. (in thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 774,777 $ 15,716 Non-accretable difference (expected losses and foregone interest) - (4,978 ) Cash flows expected to be collected at acquisition 774,777 10,738 Accretable yield (4,869 ) 12 Basis in acquired loans at acquisition $ 769,908 $ 10,750 The following is a summary of the non-covered loans acquired in the Community First acquisition on February 27, 2015, as of the date of acquisition. (in thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 1,153,255 $ 10,143 Non-accretable difference (expected losses and foregone interest) - (3,247 ) Cash flows expected to be collected at acquisition 1,153,255 6,896 Accretable yield (23,712 ) 104 Basis in acquired loans at acquisition $ 1,129,543 $ 7,000 The amount of the estimated cash flows expected to be received from the acquired loan pools and purchased credit impaired loans in excess of the fair values recorded for the loan pools and the purchased credit impaired loans 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 purchased credit impaired loans, and adjustments may or may not be required. This has resulted in increased interest income that is spread on a level-yield basis over the remaining expected lives of the loans or 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 six months ended June 30, 2015 and 2014 is shown below: Three Months Ended Six Months Ended (In thousands) 2015 2014 2015 2014 Impact on net interest income $ 3,223 $ 5,856 $ 9,325 $ 13,247 Non-interest income (2,941 ) (6,410 ) (5,686 ) (13,850 ) Net impact to pre-tax income 282 (554 ) 3,639 (603 ) Net impact, net of taxes $ 171 $ (337 ) $ 2,212 $ (366 ) These adjustments will be recognized over the remaining lives of the loans for purchased credit impaired loans. For FDIC acquisition loans, the adjustments will be recognized over the remaining lives of the loan pools and, for covered loans, over the remainder of the loss sharing agreements, respectively. The current estimate of the remaining accretable yield adjustment that will positively impact interest income is $15.3 million and the remaining adjustment to the indemnification assets that will reduce non-interest income is $6.6 million. Of the remaining adjustments, the Company expects to recognize $5.8 million of interest income and a $5.4 million reduction of non-interest income, for a net increase to pre-tax income of approximately $0.4 million during the remainder of 2015. The accretable yield adjustments recorded in future periods will change as the Company continues to evaluate expected cash flows from the acquired loan pools and purchased credit impaired loans. Changes in the carrying amount of the accretable yield for all purchased impaired loans were as follows for the three and six months ended June 30, 2015 and 2014. Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 (In thousands) Accretable Carrying Accretable Carrying Beginning balance $ 17,226 $ 177,691 $ 20,635 $ 169,098 Additions - - (116 ) 17,750 Accretable yield adjustments 2,369 - 5,443 - Accretion (4,547 ) 4,547 (10,914 ) 10,914 Payments and other reductions, net - (22,144 ) - (37,668 ) Balance, ending $ 15,048 $ 160,094 $ 15,048 $ 160,094 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 (In thousands) Accretable Carrying Accretable Carrying Beginning balance $ 33,542 $ 218,532 $ 41,385 $ 234,785 Additions - - - - Accretable yield adjustments 3,928 - 5,411 - Accretion (6,180 ) 6,180 (15,506 ) 15,506 Payments and other reductions, net - (32,619 ) - (58,198 ) Balance, ending $ 31,290 $ 192,093 $ 31,290 $ 192,093 Purchased impaired loans on the FDIC-assisted transactions are evaluated in pools with similar characteristics. Because some pools evaluated by the Company, covered by loss share agreements, were determined to have experienced impairment in the estimated credit quality or cash flows during 2014, the Company recorded a provision to establish a $1.0 million allowance for loan losses for covered purchased impaired loans. For Liberty, Community First, Metropolitan and Delta Trust, purchased impaired loans are evaluated on an individual borrower basis. No loans, not covered by loss share, evaluated by the Company were determined to have experienced further impairment. Therefore, there were no allowances for loan losses related to the non-covered purchased impaired loans at June 30, 2015 or December 31, 2014. 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 six months ended June 30, 2015 and 2014. Three Months Ended Six Months Ended (In thousands) 2015 2014 2015 2014 Beginning balance $ 8,602 $ 7,253 $ 8,308 $ 6,768 Amortization expense 40 41 80 84 Adjustments related to changes in expected losses 279 474 533 916 Balance, ending $ 8,921 $ 7,768 $ 8,921 $ 7,768 |
Note 6 - Goodwill and Other Int
Note 6 - Goodwill and Other Intangible Assets | 6 Months Ended |
Jun. 30, 2015 | |
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 often 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 $314.2 million at June 30, 2015 and $108.1 million at December 31, 2014. The Company recorded $111.3 million and $95.6 of goodwill during the six months ended June 30, 2015 as a result of its acquisitions of Community First and Liberty, respectively. Goodwill impairment was neither indicated nor recorded during the six months ended June 30, 2015 or the year ended December 31, 2014. 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. Core deposit premiums of $11.3 million and $14.6 million were recorded during the first quarter of 2015 as part of the Community First and Liberty acquisitions, respectively. The Delta Trust acquisition on August 31, 2014 included some significant lines of business related to investments, trust and insurance, for which the Company recorded $5.1 million of intangible assets. The Company also recorded $0.4 million of intangible assets during the six months ended June 30, 2015 related to a line of insurance business as part of the Community First acquisition. These intangible assets are being amortized over various periods ranging from 10 to 15 years. 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 is being amortized over a five year period. The Company’s goodwill and other intangibles (carrying basis and accumulated amortization) at June 30, 2015 and December 31, 2014, were as follows: (In thousands) June 30, December 31, Goodwill $ 314,282 $ 108,095 Core deposit premiums: Gross carrying amount 44,030 18,318 Accumulated amortization (4,040 ) (2,386 ) Core deposit premiums, net 39,990 15,932 Purchased credit card relationships: Gross carrying amount 2,068 2,068 Accumulated amortization (724 ) (517 ) Purchased credit card relationships, net 1,344 1,551 Books of business intangible: Gross carrying amount 5,560 5,140 Accumulated amortization (289 ) (97 ) Books of business intangible, net 5,271 5,043 Other intangible assets, net 46,605 22,526 Total goodwill and other intangible assets $ 360,887 $ 130,621 The Company’s estimated future amortization expense for intangible assets remaining as of June 30, 2015 is as follows: (In thousands) Year Amortization Remainder of 2015 $ 2,633 2016 5,240 2017 5,240 2018 5,137 2019 4,826 Thereafter 23,529 Total $ 46,605 |
Note 7 - Time Deposits
Note 7 - Time Deposits | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Deposit Liabilities Disclosures [Text Block] | NOTE 7: TIME DEPOSITS Time deposits include approximately $439,793,000 and $434,297,000 of certificates of deposit of $100,000 or more at June 30, 2015, and December 31, 2014, respectively. Of this total approximately $188,273,000 and $106,603,000 of certificates of deposit were over $250,000 at June 30, 2015, and December 31, 2014, respectively. |
Note 8 - Income Taxes
Note 8 - Income Taxes | 6 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | NOTE 8: INCOME TAXES The provision for income taxes is comprised of the following components: (In thousands) June 30, June 30, Income taxes currently payable $ 16,204 $ 8,539 Deferred income taxes (1,772 ) (3,143 ) Provision for income taxes $ 14,432 $ 5,396 The tax effects of temporary differences related to deferred taxes shown on the balance sheets were: (In thousands) June 30, 2015 December 31, 2014 Deferred tax assets: Loans acquired $ 30,715 $ 16,925 FDIC true-up liability 2,802 2,792 Allowance for loan losses 11,602 11,749 Valuation of foreclosed assets 15,249 14,167 Tax NOLs from acquisition 11,819 11,819 Deferred compensation payable 2,609 1,536 Vacation compensation 1,597 1,456 Accumulated depreciation - 1,937 Loan interest 2,197 1,693 Accrued pension and profit sharing 1,793 1,793 Accrued equity and other compensation 4,821 3,356 Acquired securities 2,083 2,568 Accrued merger related costs 2,464 2,464 Basis difference in partnership investments 840 617 Unrealized loss on available-for-sale securities 904 862 Other 3,310 1,666 Gross deferred tax assets 94,805 77,400 Deferred tax liabilities: Goodwill and other intangible amortization (25,817 ) (16,953 ) FDIC acquired assets (601 ) (4,377 ) Deferred loan fee income and expenses, net (1,979 ) (1,515 ) FHLB stock dividends (2,227 ) (1,160 ) Limitations under IRC Sec 382 (10,510 ) (11,169 ) Prepayment liabilities (1,979 ) (1,141 ) Accumulated depreciation (661 ) - Other (563 ) (337 ) Gross deferred tax liabilities (44,337 ) (36,652 ) Net deferred tax asset, included in other assets $ 50,468 $ 40,748 A reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense is shown below: (In thousands) June 30, June 30, Computed at the statutory rate (35%) $ 15,142 $ 6,880 Increase (decrease) in taxes resulting from: State income taxes, net of federal tax benefit 1,432 460 Tax exempt interest income (2,284 ) (1,868 ) Tax exempt earnings on BOLI (364 ) (247 ) Merger related expenses 569 - Federal tax credits (276 ) - Other differences, net 213 171 Actual tax provision $ 14,432 $ 5,396 The Company follows ASC Topic 740, Income Taxes 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 2011 tax year and forward. The Company’s various state income tax returns are generally open from the 2008 and later tax return years based on individual state statute of limitations. |
Note 9 - Securities Sold Under
Note 9 - Securities Sold Under Agreements to Repurchase | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | NOTE 9: SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and to facilitate secured short-term funding needs. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. We monitor collateral levels on a continuous basis. We may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. The gross amount of recognized liabilities for repurchase agreements was $105.7 million and $100.8 million at June 30, 2015 and December 31, 2014, respectively. The remaining contractual maturity of the securities sold under agreements to repurchase in the consolidated balance sheets as of June 30, 2015 and December 31, 2014 is presented in the following tables. Remaining Contractual Maturity of the Agreements (In thousands) Overnight and Up to 30 Days 30-90 Days Greater than 90 Total June 30, 2015 Repurchase agreements: U.S. Government agencies $ 98,361 $ - $ - $ 7,321 $ 105,682 December 31, 2014 Repurchase agreements: U.S. Government agencies $ 93,454 $ - $ - $ 7,317 $ 100,771 |
Note 10 - Other Borrowings and
Note 10 - Other Borrowings and Subordinated Debentures | 6 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | NOTE 10: OTHER BORROWINGS AND SUBORDINATED DEBENTURES Debt at June 30, 2015 and December 31, 2014 consisted of the following components: (In thousands) June 30, 2015 December 31, Other Borrowings FHLB advances, net of discount, due 2015 to 2033, 0.35% to 7.38% secured by residential real estate loans $ 129,749 $ 71,582 Notes payable, due 7/31/2015 to 12/31/2016, 3.25%, floating rate, unsecured 41,572 43,100 171,321 114,682 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 Trust preferred securities, net of discount, due 6/30/2035, floating rate of 1.75% above the three month LIBOR rate, reset quarterly, callable without penalty 11,110 - Trust preferred securities, net of discount, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly 9,898 - Trust preferred securities, net of discount, due 12/3/2033, floating rate of 2.88% above the three month LIBOR rate, reset quarterly, callable without penalty 5,169 - Trust preferred securities, net of discount, due 12/13/2034, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty 5,041 - Trust preferred securities, net of discount, due 6/6/2037, floating rate of 1.57% above the three month LIBOR rate, reset quarterly, callable without penalty 9,956 - 61,794 20,620 Total other borrowings and subordinated debentures $ 233,115 $ 135,302 During the fourth quarter of 2013, the Company borrowed $46.0 million from correspondent banks to partially fund the acquisition of Metropolitan. This debt is unsecured and is scheduled to be repaid in three years or less, by December 31, 2016. At June 30, 2015, the Company had $31.3 million of Federal Home Loan Bank (“FHLB”) advances with original maturities of one year or less. The Company had total FHLB advances of $129.7 million at June 30, 2015, with approximately $796.7 million of additional advances available from the FHLB. The FHLB advances are secured by mortgage loans and investment securities totaling approximately $931.1 million at June 30, 2015. 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 debt at June 30, 2015, are: (In thousands) Year Annual 2015 $ 40,545 2016 33,157 2017 75,417 2018 6,555 2019 2,742 Thereafter 74,699 Total $ 233,115 |
Note 11 - Contingent Liabilitie
Note 11 - Contingent Liabilities | 6 Months Ended |
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 11: 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 12 - Common Stock
Note 12 - Common Stock | 6 Months Ended |
Jun. 30, 2015 | |
Capital Stock Disclosure [Abstract] | |
Capital Stock Disclosure [Text Block] | NOTE 12: COMMON STOCK During 2012, the Company announced the adoption by the Board of Directors of a new stock repurchase program. The program authorizes the repurchase of up to 850,000 additional shares of Class A common stock, or approximately 5% of the shares outstanding at that time. 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 intends to use the repurchased shares to satisfy stock option exercises, payment of future stock awards and dividends and general corporate purposes. The Company suspended its stock repurchases in August of 2013, with 154,136 shares remaining available for repurchase under the program. On March 4, 2014 the Company filed a shelf registration statement with the Securities and Exchange Commission (“SEC”). Subsequently, on June 18, 2014 the Company filed Amendment No. 1 to the shelf registration statement. After becoming effective, the shelf registration statement allows the Company to raise capital from time to time, up to an aggregate of $300 million, through the sale of common stock, preferred stock, stock warrants, stock rights or a combination thereof, subject to market conditions. Specific terms and prices are determined at the time of any offering under a separate prospectus supplement that the Company is required to file with the SEC at the time of the specific offering. |
Note 13 - Undivided Profits
Note 13 - Undivided Profits | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract] | |
Restrictions on Dividends, Loans and Advances [Text Block] | NOTE 13: UNDIVIDED PROFITS The Company’s subsidiaries 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. At June 30, 2015, the Company’s subsidiary banks had approximately $22.8 million available for payment of dividends to the Company, without prior regulatory approval. 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. Under the newly adopted Basel III Rules, the criteria for a well-capitalized institution are: a 5% "Tier l leverage capital" ratio, an 8% "Tier 1 risk-based capital" ratio, 10% "total risk-based capital" ratio; and a 6.50% “common equity Tier 1 (“CETI”) ratio. As of June 30, 2015, The Company’s subsidiary banks met the capital standards for a well-capitalized institution. The Company's CET1 ratio was 13.63% at June 30, 2015. |
Note 14 - Stock Based Compensat
Note 14 - Stock Based Compensation | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 14: 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 six months ended June 30, 2015: Stock Options Non-Vested Stock Number Weighted Number Weighted Balance, January 1, 2015 119,690 $ 27.72 226,932 $ 31.88 Granted 113,695 42.76 62,225 41.19 Stock Options Exercised (52,929 ) 22.69 - - Stock Options from Acquisitions 65,850 20.43 - - Stock Awards Vested - - (79,607 ) 34.37 Forfeited/Expired - - (10,730 ) 39.56 Balance, June 30, 2015 246,306 $ 33.64 198,820 $ 33.38 Exercisable, June 30, 2015 117,661 $ 26.25 The following table summarizes information about stock options under the plans outstanding at June 30, 2015: Options Outstanding Options Exercisable Range of Number Weighted Weighted Number Weighted $15.55 - $21.29 37,741 4.86 $ 19.52 24,291 $ 19.01 21.51 - 26.19 31,200 1.28 25.70 31,200 25.70 28.42 - 28.42 31,500 1.92 28.42 31,500 28.42 30.31 - 30.31 30,670 2.91 30.31 30,670 30.31 40.57 - 40.57 48,690 9.50 40.57 - - 40.72 - 40.72 1,500 9.38 40.72 - - 44.40 - 44.40 65,005 9.73 44.40 - - $15.55 - $44.40 246,306 6.02 $ 33.64 117,661 $ 26.25 Total stock-based compensation expense was $1,077,000 and $655,000 during the six months ended June 30, 2015 and 2014, respectively. Stock-based compensation expense is recognized ratably over the requisite service period for all stock-based awards. There was $728,000 of unrecognized stock-based compensation expense related to stock options at June 30, 2015. There was no unrecognized stock-based compensation expense related to stock options at June 30, 2014. The intrinsic value of stock options outstanding and stock options exercisable at June 30, 2015 was $3,212,000 and $2,404,000. Intrinsic value represents the difference between the Company’s closing stock price on the last trading day of the period, which was $46.68 as of June 30, 2015, 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 six months ended June 30, 2015 and June 30, 2014 was $1,270,000 and $471,000, respectively. |
Note 15 - Additional Cash Flow
Note 15 - Additional Cash Flow Information | 6 Months Ended |
Jun. 30, 2015 | |
Supplemental Cash Flow Elements [Abstract] | |
Cash Flow, Supplemental Disclosures [Text Block] | NOTE 15: ADDITIONAL CASH FLOW INFORMATION The following is a summary of the Company’s additional cash flow information during the six months ended: Six Months Ended (In thousands) 2015 2014 Interest paid $ 9,413 $ 6,952 Income taxes paid 13,981 11,674 Transfers of loans not covered by FDIC loss share to foreclosed assets held for sale 7,426 2,097 Transfers of loans acquired, covered by FDIC loss share, to foreclosed assets covered by FDIC loss share 2,288 4,043 Transfers of premises held for sale to foreclosed assets held for sale 6,126 - |
Note 16 - Other Operating Expen
Note 16 - Other Operating Expenses | 6 Months Ended |
Jun. 30, 2015 | |
Other Income and Expenses [Abstract] | |
Other Income and Other Expense Disclosure [Text Block] | NOTE 16: OTHER OPERATING EXPENSES Other operating expenses consist of the following: Three Months Ended Six Months Ended (In thousands) 2015 2014 2015 2014 Professional services $ 2,261 $ 1,868 $ 4,135 $ 3,246 Postage 1,085 813 2,017 1,730 Telephone 1,321 703 2,175 1,403 Credit card expense 2,280 2,123 4,271 4,322 Operating supplies 612 418 1,092 934 Amortization of intangibles 996 452 2,287 954 Branch right sizing expense 2,745 300 2,780 4,178 Other expense 6,741 3,869 11,456 7,156 Total other operating expenses $ 18,041 $ 10,546 $ 30,213 $ 23,923 |
Note 17 - Certain Transactions
Note 17 - Certain Transactions | 6 Months Ended |
Jun. 30, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE 17: 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 subsidiaries, Simmons Bank and First State Bank. 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 18 - Commitments and Credi
Note 18 - Commitments and Credit Risk | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Commitments Disclosure [Text Block] | NOTE 18: COMMITMENTS AND CREDIT RISK The Company grants agri-business, commercial and residential loans to customers throughout Arkansas, Kansas, Missouri and Tennessee, 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 June 30, 2015, the Company had outstanding commitments to extend credit aggregating approximately $495,558,000 and $783,710,000 for credit card commitments and other loan commitments. At December 31, 2014, the Company had outstanding commitments to extend credit aggregating approximately $480,653,000 and $439,053,000 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 $26,711,000 and $16,217,000 at June 30, 2015, and December 31, 2014, respectively, with terms ranging from 9 months to 15 years. At June 30, 2015, the Company had no deferred revenue under standby letter of credit agreements and approximately $13,000 at December 31, 2014. |
Note 19 - Preferred Stock
Note 19 - Preferred Stock | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Preferred Stock [Text Block] | NOTE 19: PREFERRED STOCK On February 27, 2015, as part of the acquisition of Community First, the Company issued 30,852 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series A (“Simmons Series A Preferred Stock”) in exchange for the outstanding shares of Community First Senior Non-Cumulative Perpetual Preferred Stock, Series C (“Community First Series C Preferred Stock”). The preferred stock is held by the United States Department of the Treasury (“Treasury”) as the Community First Series C Preferred Stock was issued when Community First entered into a Small Business Lending Fund Securities Purchase Agreement with the Treasury. The Simmons Series A Preferred Stock qualifies as Tier 1 capital, has a $1,000 liquidation value per share and will pay quarterly dividends. The rate will remain fixed at 1% through February 18, 2016, at which time it will convert to a fixed rate of 9%. The Company plans to redeem the Simmons Series A Preferred Stock in the first quarter of 2016. |
Note 20 - Fair Value Measuremen
Note 20 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | NOTE 20: FAIR VALUE MEASUREMENTS ASC Topic 820, 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 · Level 2 Inputs · Level 3 Inputs 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 June 30, 2015 and 2014. Available-for-sale securities Assets held in trading accounts The following table sets forth the Company’s financial assets and liabilities by level within the fair value hierarchy that were measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014. Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant June 30, 2015 ASSETS Available-for-sale securities U.S. Treasury $ 4,005 $ - $ 4,005 $ - U.S. Government agencies 236,003 - 236,003 - Mortgage-backed securities 464,857 - 464,857 - State and political subdivisions 10,971 - 10,971 - Other securities 31,865 - 31,865 - Assets held in trading accounts 6,481 2,709 3,772 - December 31, 2014 ASSETS Available-for-sale securities U.S. Treasury $ 3,992 $ - $ 3,992 $ - U.S. Government agencies 272,816 - 272,816 - Mortgage-backed securities 1,572 - 1,572 - State and political subdivisions 6,540 - 6,540 - Other securities 20,363 - 20,363 - Assets held in trading accounts 6,987 3,320 3,667 - 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) 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 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 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 June 30, 2015 and December 31, 2014. Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant June 30, 2015 ASSETS Impaired loans (1) (2) $ 15,958 $ - $ - $ 15,958 Foreclosed assets held for sale (1) 6,681 - - 6,681 December 31, 2014 ASSETS Impaired loans (1) (2) $ 12,276 $ - $ - $ 12,276 Foreclosed assets held for sale (1) 3,417 - - 3,417 (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 $953,000 and $733,000 were related to the impaired collateral dependent loans for which fair value re-measurements took place during the periods ended June 30, 2015 and December 31, 2014, respectively. ASC Topic 825, Financial Instruments Cash and cash equivalents and interest bearing balances due from banks – time Held-to-maturity securities Loans Loans acquired FDIC indemnification asset Deposits Federal Funds purchased, securities sold under agreement to repurchase Other borrowings Subordinated debentures Accrued interest receivable/payable Commitments to extend credit, letters of credit and lines of credit 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 June 30, 2015 Financial assets: Cash and cash equivalents $ 292,470 $ 292,470 $ - $ - $ 292,470 Interest bearing balances due from banks - time 24,189 - 24,180 - 24,180 Held-to-maturity securities 861,596 - 863,349 - 863,349 Mortgage loans held for sale 48,094 - - 48,094 48,094 Interest receivable 24,129 - 24,129 - 24,129 Legacy loans, net 2,580,662 - - 2,585,022 2,585,022 Loans acquired, not covered by FDIC loss share 2,108,306 - - 2,111,868 2,111,868 Loans acquired, covered by FDIC loss share 93,121 - - 93,278 93,278 FDIC indemnification asset 13,020 - - 13,020 13,020 Financial liabilities: Non-interest bearing transaction accounts 1,141,285 - 1,141,285 - 1,141,285 Interest bearing transaction accounts and savings deposits 3,581,049 - 3,581,049 - 3,581,049 Time deposits 1,447,688 - - 1,443,811 1,443,811 Federal funds purchased and securities sold under agreements to repurchase 111,792 - 111,792 - 111,792 Other borrowings 171,321 - 176,279 - 176,279 Subordinated debentures 61,794 - 56,876 - 56,876 Interest payable 2,234 - 2,234 - 2,234 December 31, 2014 Financial assets: Cash and cash equivalents $ 335,909 $ 335,909 $ - $ - $ 335,909 Held-to-maturity securities 777,587 - 780,533 - 780,533 Mortgage loans held for sale 21,265 - - 21,265 21,265 Interest receivable 16,774 - 16,774 - 16,774 Legacy loans, net 2,024,693 - - 2,022,889 2,022,889 Loans acquired, not covered by FDIC loss share 575,980 - - 560,651 560,651 Loans acquired, covered by FDIC loss share, net 106,933 - - 105,789 105,789 FDIC indemnification asset 22,663 - - 22,663 22,663 Financial liabilities: Non-interest bearing transaction accounts 889,260 - 889,260 - 889,260 Interest bearing transaction accounts and savings deposits 2,006,271 - 2,006,271 - 2,006,271 Time deposits 965,187 - - 967,900 967,900 Federal funds purchased and securities sold under agreements to repurchase 110,586 - 110,586 - 110,586 Other borrowings 114,682 - 114,698 - 114,698 Subordinated debentures 20,620 - 16,115 - 16,115 Interest payable 1,147 - 1,147 - 1,147 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) | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements ASU 2015-08 – Business Combinations: Pushdown Accounting – Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 ASU 2014-17 – Business Combinations: Pushdown Accounting ASU 2014-14 – Receivables – Troubled Debt Restructurings by Creditors: Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure ASU 2014-12 – Compensation – Stock Compensation – Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved After the Requisite Service Period ASU 2014-11 – Transfers and Servicing – Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures ASU 2014-09 – Revenue from Contracts with Customers ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors There have been no other significant changes to the Company’s accounting policies from the 2014 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, Acquired Loans The Company accounts for its acquisitions under ASC Topic 805, Business Combinations The Company evaluates loans acquired in accordance with the provisions of ASC Topic 310-20, Nonrefundable Fees and Other Costs Loans and Debt Securities Acquired with Deteriorated Credit Quality The Company evaluates all of the loans purchased in conjunction with its FDIC-assisted transactions in accordance with the provisions of ASC Topic 310-30. All loans acquired in the FDIC transactions, both covered and not covered, were deemed to be impaired loans. 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. For impaired loans accounted for under ASC Topic 310-30, we continue to estimate cash flows expected to be collected on pools of loans sharing common risk characteristics, which are treated in the aggregate when applying various valuation techniques. We evaluate at each balance sheet date whether the present value of our pools of loans determined using the effective interest rates has decreased significantly and if so, recognize a provision for loan loss in our consolidated statement of income. For any significant increases in cash flows expected to be collected, we adjust the amount of accretable yield recognized on a prospective basis over the pool’s remaining life. |
Deteriorated Loans Transferred in, Policy [Policy Text Block] | Covered Loans and Related Indemnification Asset Because the FDIC will reimburse us for certain 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, as prescribed by ASC Topic 805. 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, Policy [Policy Text Block] | Earnings Per Common Share (“EPS”) Basic EPS is computed by dividing reported net income available to common shareholders by weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common shareholders by the weighted average common shares and all potential dilutive common shares outstanding during the period. Following is the computation of earnings per common share for the three and six months ended June 30, 2015 and 2014: Three Months Ended Six Months Ended (In thousands, except per share data) 2015 2014 2015 2014 Net income available to common shareholders $ 20,018 $ 9,908 $ 28,727 $ 14,261 Average common shares outstanding 29,867 16,318 26,084 16,294 Average potential dilutive common shares 120 43 120 43 Average diluted common shares 29,987 16,361 26,204 16,337 Basic earnings per share $ 0.67 $ 0.61 $ 1.10 $ 0.88 Diluted earnings per share (1) $ 0.67 $ 0.60 $ 1.10 $ 0.87 (1) EPS are computed independently for each quarter and therefore the sum of each quarterly EPS may not equal the year-to-date EPS. As a result of the large stock issuances during 2015 as part of the Company’s acquisitions, the computed independent quarterly average common shares outstanding and the computed year-to-date average common shares differ significantly. For purposes of calculating a roll-forward amount for year-to-date EPS, diluted EPS for the second quarter would require a computed amount of $0.71, producing a difference of $.04 from actual second quarter diluted EPS of $0.67. This difference is based on the direct result of the varying denominator for each period presented. |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended (In thousands, except per share data) 2015 2014 2015 2014 Net income available to common shareholders $ 20,018 $ 9,908 $ 28,727 $ 14,261 Average common shares outstanding 29,867 16,318 26,084 16,294 Average potential dilutive common shares 120 43 120 43 Average diluted common shares 29,987 16,361 26,204 16,337 Basic earnings per share $ 0.67 $ 0.61 $ 1.10 $ 0.88 Diluted earnings per share (1) $ 0.67 $ 0.60 $ 1.10 $ 0.87 |
Note 2 - Acquisitions (Tables)
Note 2 - Acquisitions (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks, including time deposits $ 102,637 $ (14 ) $ 102,623 Federal funds sold 7,060 - 7,060 Investment securities 99,123 (335 ) 98,788 Loans acquired, not covered by FDIC loss share 790,493 (9,835 ) 780,658 Allowance for loan losses (10,422 ) 10,422 - Premises and equipment 34,239 (3,215 ) 31,024 Bank owned life insurance 16,972 - 16,972 Core deposit intangible 699 13,857 14,556 Other intangibles 3,063 (3,063 ) - Other assets 17,703 (3,843 ) 13,860 Total assets acquired $ 1,061,567 $ 3,974 $ 1,065,541 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 146,618 $ - $ 146,618 Interest bearing transaction accounts and savings deposits 543,183 - 543,183 Time deposits 184,913 - 184,913 Total deposits 874,714 - 874,714 FHLB borrowings 46,128 223 46,351 Subordinated debentures 20,620 (840 ) 19,780 Accrued interest and other liabilities 7,828 300 8,128 Total liabilities assumed 949,290 (317 ) 948,973 Equity 112,277 (112,277 ) - Total equity assumed 112,277 (112,277 ) - Total liabilities and equity assumed $ 1,061,567 $ (112,594 ) $ 948,973 Net assets acquired 116,568 Purchase price 212,176 Goodwill $ 95,608 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 39,848 $ - $ 39,848 Federal funds sold 76,508 - 76,508 Investment securities 570,199 (3,381 ) 566,818 Loans acquired, not covered by FDIC loss share 1,163,398 (26,855 ) 1,136,543 Allowance for loan losses (14,635 ) 14,635 - Foreclosed assets not covered by FDIC loss share 747 - 747 Premises and equipment 44,837 (2,794 ) 42,043 Bank owned life insurance 22,149 - 22,149 Goodwill 100 (100 ) - Core deposit intangible - 11,273 11,273 Other intangibles - 420 420 Deferred tax asset 3,700 3,667 7,367 Other assets 11,474 - 11,474 Total assets acquired $ 1,918,325 $ (3,135 ) $ 1,915,190 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 103,825 $ - $ 103,825 Interest bearing transaction accounts and savings deposits 995,207 - 995,207 Time deposits 436,181 849 437,030 Total deposits 1,535,213 849 1,536,062 Federal funds purchased and securities sold under agreement to repurchase 16,230 - 16,230 FHLB borrowings 143,047 1,347 144,394 Subordinated debentures 21,754 (510 ) 21,244 Accrued interest and other liabilities 8,769 601 9,370 Total liabilities assumed 1,725,013 2,287 1,727,300 Equity 193,312 (193,312 ) - Total equity assumed 193,312 (193,312 ) - Total liabilities and equity assumed $ 1,918,325 $ (191,025 ) $ 1,727,300 Net assets acquired 187,890 Purchase price 299,204 Goodwill $ 111,314 |
Business Acquisition, Pro Forma Information [Table Text Block] | (In thousands) Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Revenue (1) $ 96,942 $ 95,504 Net income $ 30,043 $ 9,934 Earnings per share $ 1.00 $ 0.35 (In thousands) Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Revenue (1) $ 194,203 $ 185,977 Net income $ 42,090 $ 26,191 Earnings per share $ 1.40 $ 0.93 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment [Table Text Block] | June 30, 2015 December 31, 2014 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Estimated Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Estimated Fair Value Held-to-Maturity U.S. Government agencies $ 361,744 $ 1,234 $ (1,463 ) $ 361,515 $ 418,914 $ 929 $ (4,055 ) $ 415,788 Mortgage-backed securities 27,146 130 (240 ) 27,036 29,743 56 (411 ) 29,388 State and political subdivisions 471,631 5,151 (3,059 ) 473,723 328,310 7,000 (573 ) 334,737 Other securities 1,075 - - 1,075 620 - - 620 Total HTM $ 861,596 $ 6,515 $ (4,762 ) $ 863,349 $ 777,587 $ 7,985 $ (5,039 ) $ 780,533 Available-for-Sale U.S. Treasury $ 4,000 $ 5 $ - $ 4,005 $ 4,000 $ 1 $ (9 ) $ 3,992 U.S. Government agencies 236,700 138 (835 ) 236,003 275,381 15 (2,580 ) 272,816 Mortgage-backed securities 466,060 889 (2,092 ) 464,857 1,579 - (7 ) 1,572 State and political subdivisions 10,961 29 (19 ) 10,971 6,536 7 (3 ) 6,540 Other securities 32,284 422 (841 ) 31,865 19,985 386 (8 ) 20,363 Total AFS $ 750,005 $ 1,483 $ (3,787 ) $ 747,701 $ 307,481 $ 409 $ (2,607 ) $ 305,283 |
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 Held-to-Maturity U.S. Government agencies $ 177,586 $ (850 ) $ 63,880 $ (613 ) $ 241,466 $ (1,463 ) Mortgage-backed securities 8,581 (46 ) 8,882 (194 ) 17,463 (240 ) State and political subdivisions 191,420 (2,995 ) 3,805 (64 ) 195,225 (3,059 ) Total HTM $ 377,587 $ (3,891 ) $ 76,567 $ (871 ) $ 454,154 $ (4,762 ) Available-for-Sale U.S. Government agencies $ 138,848 $ (405 ) $ 42,673 $ (430 ) $ 181,521 $ (835 ) Mortgage-backed securities 342,210 (2,092 ) - - 342,210 (2,092 ) State and political subdivisions 3,473 (19 ) - - 3,473 (19 ) Equity Securities 764 (5 ) - - 764 (5 ) Other 1,000 (836 ) - - 1,000 (836 ) Total AFS $ 486,295 $ (3,357 ) $ 42,673 $ (430 ) $ 528,968 $ (3,787 ) |
Investment Income [Table Text Block] | Three Months Ended Six Months Ended (In thousands, except per share data) 2015 2014 2015 2014 Taxable: Held-to-maturity $ 1,307 $ 1,378 $ 2,696 $ 2,727 Available-for-sale 3,172 729 4,755 1,279 Non-taxable: Held-to-maturity 2,732 2,633 5,334 5,252 Available-for-sale 839 26 1,144 57 Total $ 8,050 $ 4,766 $ 13,929 $ 9,315 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Held-to-Maturity Available-for-Sale (In thousands, except per share data) Amortized Fair Amortized Fair One year or less $ 52,552 $ 52,603 $ 21,853 $ 21,833 After one through five years 379,913 379,511 183,376 182,746 After five through ten years 177,863 179,113 116,360 116,088 After ten years 251,268 252,122 396,901 395,933 Other securities (no maturity) - - 31,515 31,101 Total $ 861,596 $ 863,349 $ 750,005 $ 747,701 |
Note 4 - Loans and Allowance 33
Note 4 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) June 30, December 31, Consumer: Credit cards $ 174,074 $ 185,380 Other consumer 160,828 103,402 Total consumer 334,902 288,782 Real Estate: Construction 199,707 181,968 Single family residential 662,954 455,563 Other commercial 878,109 714,797 Total real estate 1,740,770 1,352,328 Commercial: Commercial 388,869 291,820 Agricultural 141,502 115,658 Total commercial 530,371 407,478 Other 5,186 5,133 Legacy loans 2,611,229 2,053,721 Loans acquired, not covered by FDIC loss share (net of discount) (1) 2,108,306 575,980 Loans acquired, covered by FDIC loss share (net of discount and allowance) (1) 93,121 106,933 Total loans $ 4,812,656 $ 2,736,634 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) June 30, December 31, Consumer: Credit cards $ 321 $ 197 Other consumer 308 405 Total consumer 629 602 Real estate: Construction 5,058 4,863 Single family residential 4,672 4,010 Other commercial 3,266 1,522 Total real estate 12,996 10,395 Commercial: Commercial 1,844 585 Agricultural 96 456 Total commercial 1,940 1,041 Total $ 15,565 $ 12,038 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days June 30, 2015 Consumer: Credit cards $ 539 $ 479 $ 1,018 $ 173,056 $ 174,074 $ 158 Other consumer 1,650 352 2,002 158,826 160,828 194 Total consumer 2,189 831 3,020 331,882 334,902 352 Real estate: Construction 475 2,544 3,019 196,688 199,707 357 Single family residential 3,963 3,487 7,450 655,504 662,954 273 Other commercial 1,903 2,193 4,096 874,013 878,109 96 Total real estate 6,341 8,224 14,565 1,726,205 1,740,770 726 Commercial: Commercial 994 425 1,419 387,450 388,869 203 Agricultural 187 163 350 141,152 141,502 94 Total commercial 1,181 588 1,769 528,602 530,371 297 Other - - - 5,186 5,186 - Total $ 9,711 $ 9,643 $ 19,354 $ 2,591,875 $ 2,611,229 $ 1,375 December 31, 2014 Consumer: Credit cards $ 687 $ 457 $ 1,144 $ 184,236 $ 185,380 $ - Other consumer 1,349 447 1,796 101,606 103,402 223 Total consumer 2,036 904 2,940 285,842 288,782 223 Real estate: Construction 760 570 1,330 180,638 181,968 177 Single family residential 4,913 2,213 7,126 448,437 455,563 248 Other commercial 1,987 847 2,834 711,963 714,797 - Total real estate 7,660 3,630 11,290 1,341,038 1,352,328 425 Commercial: Commercial 381 354 735 291,085 291,820 - Agricultural 119 109 228 115,430 115,658 40 Total commercial 500 463 963 406,515 407,478 40 Other - - - 5,133 5,133 - Total $ 10,196 $ 4,997 $ 15,193 $ 2,038,528 $ 2,053,721 $ 688 |
Impaired Financing Receivables [Table Text Block] | (In thousands) Unpaid Recorded Investment Recorded Total Related Average Investment in Impaired Loans Interest Average Investment in Impaired Loans Interest Income Recognized June 30, 2015 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Consumer: Credit cards $ 479 $ 479 $ - $ 479 $ 14 $ 459 $ 7 $ 372 $ 12 Other consumer 519 502 21 523 89 538 11 565 19 Total consumer 998 981 21 1,002 103 997 18 937 31 Real estate: Construction 6,104 2,650 - 2,650 - 5,066 107 5,717 197 Single family residential 5,744 5,237 639 5,876 920 5,251 93 4,942 170 Other commercial 4,240 3,362 127 3,489 593 3,104 48 2,563 88 Total real estate 16,088 11,249 766 12,015 1,513 13,421 248 13,222 455 Commercial: Commercial 1,824 2,048 1,102 3,150 363 2,054 29 1,558 54 Agricultural 195 190 - 190 33 166 5 264 9 Total commercial 2,019 2,238 1,102 3,3407 396 2,220 34 1,822 63 Total $ 19,105 $ 14,468 $ 1,889 $ 16,357 $ 2,012 $ 16,638 $ 300 $ 15,981 $ 549 December 31, 2014 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Consumer: Credit cards $ 197 $ 197 $ - $ 197 $ 6 $ 446 $ 4 $ 470 $ 9 Other consumer 604 610 9 619 118 778 7 823 16 Total consumer 801 807 9 816 124 1,224 11 1,293 25 Real estate: Construction 7,400 7,020 - 7,020 599 2,840 2 4 2,962 5 8 Single family residential 4,442 3,948 377 4,325 899 4,254 36 4,153 81 Other commercial 1,955 1,446 36 1,482 268 9,562 80 9,437 185 Total real estate 13,797 12,414 413 12,827 1,766 16,656 140 16,552 324 Commercial: Commercial 1,227 566 - 566 102 765 6 664 13 Agricultural 501 460 - 466 83 98 1 92 2 Total commercial 1,728 1,026 - 1,026 185 863 7 756 15 Total $ 16,326 $ 14,247 $ 422 $ 14,669 $ 2,075 $ 18,743 $ 158 $ 18,601 $ 364 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Accruing TDR Loans Nonaccrual TDR Loans Total TDR Loans (Dollars in thousands) Number Balance Number Balance Number Balance June 30, 2015 Real estate: Construction - $ - 1 $ 263 1 $ 263 Single-family residential 2 137 6 953 8 1,090 Other commercial 3 1,822 2 622 5 2,444 Total real estate 5 1,959 9 1,838 14 3,797 Total 5 $ 1,959 9 $ 1,838 14 $ 3,797 December 31, 2014 Real estate: Construction - $ - 1 $ 391 1 $ 391 Single-family residential 2 393 1 3 3 396 Other commercial 3 1,840 1 614 4 2,454 Total real estate 5 2,233 3 1,008 8 3,241 Total 5 $ 2,233 3 $ 1,008 8 $ 3,241 |
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 Three Months Ended June 30, 2015 Real Estate: Single-family residential 4 $ 361 $ 361 $ 361 $ - $ - Other commercial 1 19 19 19 Total real estate 5 380 380 380 - - Total 5 $ 380 $ 380 $ 380 $ - $ - Three Months Ended June 30, 2014 Commercial: Commercial 1 $ 599 $ 599 $ 599 $ - $ - Total commercial 1 599 599 599 - - Total 1 $ 599 $ 599 $ 599 $ - $ - Six Months Ended June 30, 2015 Real estate: Single-family residential 6 $ 709 $ 701 $ 701 $ - $ - Other commercial 1 19 19 19 Total real estate 7 728 720 720 - - Total 7 $ 728 $ 720 $ 720 $ - $ - Six Months Ended June 30, 2014 Real estate: Single-family residential 1 $ 1,031 $ 1,031 $ 1,031 $ - $ - Total real estate 1 1,031 1,031 1,031 - - Commercial: Commercial 1 599 599 599 - - Total commercial 1 599 599 599 - - Total 2 $ 1,630 $ 1,630 $ 1,630 $ - $ - |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total June 30, 2015 Consumer: Credit cards $ 173,595 $ - $ 479 $ - $ - $ 174,074 Other consumer 160,243 - 577 8 - 160,828 Total consumer 333,838 - 1,056 8 - 334,902 Real estate: Construction 192,697 514 6,496 - - 199,707 Single family residential 651,355 1,616 9,808 175 - 662,954 Other commercial 846,907 5,206 25,996 - - 878,109 Total real estate 1,690,959 7,336 42,300 175 - 1,740,770 Commercial: Commercial 377,144 1,374 10,313 38 - 388,869 Agricultural 140,631 700 171 - - 141,502 Total commercial 517,775 2,074 10,484 38 - 530,371 Other 5,148 - 38 - - 5,186 Loans acquired, not covered by FDIC loss share 2,046,360 13,901 46,151 1,855 39 2,108,306 Loans acquired, covered by FDIC loss share 93,121 - - - - 93,121 Total $ 4,687,201 $ 23,311 $ 100,029 $ 2,076 $ 39 $ 4,812,656 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2014 Consumer: Credit cards $ 184,923 $ - $ 457 $ - $ - $ 185,380 Other consumer 102,515 5 839 43 - 103,402 Total consumer 287,438 5 1,296 43 - 288,782 Real estate: Construction 176,825 84 5,059 - - 181,968 Single family residential 446,040 1,776 7,665 82 - 455,563 Other commercial 698,329 7,074 9,394 - - 714,797 Total real estate 1,321,194 8,934 22,118 82 - 1,352,328 Commercial: Commercial 271,017 1,544 19,248 11 - 291,820 Agricultural 115,106 20 532 - - 115,658 Total commercial 386,123 1,564 19,780 11 - 407,478 Other 5,133 - - - - 5,133 Loans acquired, not covered by FDIC loss share 535,728 1,435 36,958 1,854 5 575,980 Loans acquired, covered by FDIC loss share 106,933 - - - - 106,933 Total $ 2,642,549 $ 11,938 $ 80,152 $ 1,990 $ 5 $ 2,736,634 |
Schedule of Net (charge-offs)/recoveries, excluding loans acquired [Table Text Block] | Three Months Ended Six Months Ended (In thousands) 2015 2014 2015 2014 Consumer: Credit cards $ (561 ) $ (510 ) $ (1,133 ) $ (1,055 ) Student loans - (20 ) - (29 ) Other consumer (179 ) (273 ) (266 ) (291 ) Total consumer (740 ) (803 ) (1,399 ) (1,375 ) Real estate: Construction (29 ) (24 ) (29 ) (444 ) Single-family residential (74 ) (47 ) (325 ) (358 ) Other commercial (184 ) (11 ) (214 ) (7 ) Total real estate (287 ) (82 ) (568 ) (809 ) Commercial: Commercial - (170 ) (76 ) (220 ) Agriculture 9 - 9 (18 ) Total commercial 9 (170 ) (67 ) (238 ) Total $ (1,018 ) $ (1,055 ) $ (2,034 ) $ (2,422 ) |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (In thousands) Commercial Real Credit Other Total Three Months Ended June 30, 2015 Balance, beginning of period (2) $ 6,870 $ 15,553 $ 5,527 $ 1,233 $ 29,183 Provision for loan losses (1) (1,569 ) 3,311 352 308 2,402 Charge-offs - (333 ) (802 ) (366 ) (1,501 ) Recoveries 9 46 241 187 483 Net recoveries (charge-offs) 9 (287 ) (561 ) (179 ) (1,018 ) Balance, June 30, 2015 (2) $ 5,310 $ 18,577 $ 5,318 $ 1,362 $ 30,567 Six Months Ended June 30, 2015 Balance, beginning of period (2) $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 Provision for loan losses (1) (1,585 ) 3,984 1,006 168 3,573 Charge-offs (245 ) (626 ) (1,587 ) (586 ) (3,044 ) Recoveries 178 58 454 320 1,010 Net charge-offs (67 ) (568 ) (1,133 ) (266 ) (2,034 ) Balance, June 30, 2015 (2) $ 5,310 $ 18,577 $ 5,318 $ 1,362 $ 30,567 Period-end amount allocated to: Loans individually evaluated for impairment $ 396 $ 1,513 $ 14 $ 89 $ 2,012 Loans collectively evaluated for impairment 4,914 17,064 5,304 1,273 28,555 Balance, June 30, 2015 (2) $ 5,310 $ 18,577 $ 5,318 $ 1,362 $ 30,567 (In thousands) Commercial Real Credit Other Total Three Months Ended June 30, 2014 Balance, beginning of period $ 3,508 $ 16,393 $ 5,444 $ 1,638 $ 26,983 Provision for loan losses 613 (142 ) 576 555 1,602 Charge-offs (186 ) (1,144 ) (725 ) (426 ) (2,481 ) Recoveries 16 1,062 215 133 1,426 Net charge-offs (170 ) (82 ) (510 ) (293 ) (1,055 ) Balance, June 30, 2014 $ 3,951 $ 16,169 $ 5,510 $ 1,900 $ 27,530 Six Months Ended June 30, 2014 Balance, beginning of period $ 3,205 $ 16,885 $ 5,430 $ 1,922 $ 27,442 Provision for loan losses 984 93 1,135 298 2,510 Charge-offs (268 ) (2,179 ) (1,541 ) (574 ) (4,562 ) Recoveries 30 1,370 486 254 2,140 Net charge-offs (238 ) (809 ) (1,055 ) (320 ) (2,422 ) Balance, June 30, 2014 $ 3,951 $ 16,169 $ 5,510 $ 1,900 $ 27,530 Period-end amount allocated to: Loans individually evaluated for impairment $ 136 $ 1,697 $ 13 $ 166 $ 2,012 Loans collectively evaluated for impairment 3,815 14,472 5,497 1,734 25,518 Balance, June 30, 2014 $ 3,951 $ 16,169 $ 5,510 $ 1,900 $ 27,530 Period-end amount allocated to: Loans individually evaluated for impairment $ 185 $ 1,756 $ 6 $ 118 $ 2,065 Loans collectively evaluated for impairment 6,777 13,405 5,439 1,342 26,963 Balance, December 31, 2014 (1) $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 |
Schedule of Loans by impairment evaluation [Table Text Block] | (In thousands) Commercial Real Credit Other Total June 30, 2015 Loans individually evaluated for impairment $ 3,340 $ 12,015 $ 479 $ 523 $ 16,357 Loans collectively evaluated for impairment 527,031 1,728,755 173,595 165,491 2,594,872 Balance, end of period $ 530,371 $ 1,740,770 $ 174,074 $ 166,014 $ 2,611,229 December 31, 2014 Loans individually evaluated for impairment $ 1,026 $ 12,827 $ 197 $ 619 $ 14,669 Loans collectively evaluated for impairment 406,452 1,339,501 185,183 107,916 2,039,052 Balance, end of period $ 407,478 $ 1,352,328 $ 185,380 $ 108,535 $ 2,053,721 |
Note 5 - Loans Acquired (Tables
Note 5 - Loans Acquired (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Note 5 - Loans Acquired (Tables) [Line Items] | |
Carrying Value Of All Acquired Impaired Loans [Table Text Block] | Loans Acquired (in thousands) June 30, December 31, Consumer: Other consumer $ 107,149 $ 8,514 Total consumer 107,149 8,514 Real estate: Construction 119,530 46,911 Single family residential 629,113 175,970 Other commercial 1,057,280 390,877 Total real estate 1,805,923 613,758 Commercial: Commercial 239,355 56,134 Agricultural 15,797 4,507 Total commercial 155,152 60,641 Other 33,203 - Total loans acquired (1) $ 2,201,427 $ 682,913 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) June 30, December 31, Consumer: Credit cards $ 321 $ 197 Other consumer 308 405 Total consumer 629 602 Real estate: Construction 5,058 4,863 Single family residential 4,672 4,010 Other commercial 3,266 1,522 Total real estate 12,996 10,395 Commercial: Commercial 1,844 585 Agricultural 96 456 Total commercial 1,940 1,041 Total $ 15,565 $ 12,038 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days June 30, 2015 Consumer: Credit cards $ 539 $ 479 $ 1,018 $ 173,056 $ 174,074 $ 158 Other consumer 1,650 352 2,002 158,826 160,828 194 Total consumer 2,189 831 3,020 331,882 334,902 352 Real estate: Construction 475 2,544 3,019 196,688 199,707 357 Single family residential 3,963 3,487 7,450 655,504 662,954 273 Other commercial 1,903 2,193 4,096 874,013 878,109 96 Total real estate 6,341 8,224 14,565 1,726,205 1,740,770 726 Commercial: Commercial 994 425 1,419 387,450 388,869 203 Agricultural 187 163 350 141,152 141,502 94 Total commercial 1,181 588 1,769 528,602 530,371 297 Other - - - 5,186 5,186 - Total $ 9,711 $ 9,643 $ 19,354 $ 2,591,875 $ 2,611,229 $ 1,375 December 31, 2014 Consumer: Credit cards $ 687 $ 457 $ 1,144 $ 184,236 $ 185,380 $ - Other consumer 1,349 447 1,796 101,606 103,402 223 Total consumer 2,036 904 2,940 285,842 288,782 223 Real estate: Construction 760 570 1,330 180,638 181,968 177 Single family residential 4,913 2,213 7,126 448,437 455,563 248 Other commercial 1,987 847 2,834 711,963 714,797 - Total real estate 7,660 3,630 11,290 1,341,038 1,352,328 425 Commercial: Commercial 381 354 735 291,085 291,820 - Agricultural 119 109 228 115,430 115,658 40 Total commercial 500 463 963 406,515 407,478 40 Other - - - 5,133 5,133 - Total $ 10,196 $ 4,997 $ 15,193 $ 2,038,528 $ 2,053,721 $ 688 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total June 30, 2015 Consumer: Credit cards $ 173,595 $ - $ 479 $ - $ - $ 174,074 Other consumer 160,243 - 577 8 - 160,828 Total consumer 333,838 - 1,056 8 - 334,902 Real estate: Construction 192,697 514 6,496 - - 199,707 Single family residential 651,355 1,616 9,808 175 - 662,954 Other commercial 846,907 5,206 25,996 - - 878,109 Total real estate 1,690,959 7,336 42,300 175 - 1,740,770 Commercial: Commercial 377,144 1,374 10,313 38 - 388,869 Agricultural 140,631 700 171 - - 141,502 Total commercial 517,775 2,074 10,484 38 - 530,371 Other 5,148 - 38 - - 5,186 Loans acquired, not covered by FDIC loss share 2,046,360 13,901 46,151 1,855 39 2,108,306 Loans acquired, covered by FDIC loss share 93,121 - - - - 93,121 Total $ 4,687,201 $ 23,311 $ 100,029 $ 2,076 $ 39 $ 4,812,656 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2014 Consumer: Credit cards $ 184,923 $ - $ 457 $ - $ - $ 185,380 Other consumer 102,515 5 839 43 - 103,402 Total consumer 287,438 5 1,296 43 - 288,782 Real estate: Construction 176,825 84 5,059 - - 181,968 Single family residential 446,040 1,776 7,665 82 - 455,563 Other commercial 698,329 7,074 9,394 - - 714,797 Total real estate 1,321,194 8,934 22,118 82 - 1,352,328 Commercial: Commercial 271,017 1,544 19,248 11 - 291,820 Agricultural 115,106 20 532 - - 115,658 Total commercial 386,123 1,564 19,780 11 - 407,478 Other 5,133 - - - - 5,133 Loans acquired, not covered by FDIC loss share 535,728 1,435 36,958 1,854 5 575,980 Loans acquired, covered by FDIC loss share 106,933 - - - - 106,933 Total $ 2,642,549 $ 11,938 $ 80,152 $ 1,990 $ 5 $ 2,736,634 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | (in thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 774,777 $ 15,716 Non-accretable difference (expected losses and foregone interest) - (4,978 ) Cash flows expected to be collected at acquisition 774,777 10,738 Accretable yield (4,869 ) 12 Basis in acquired loans at acquisition $ 769,908 $ 10,750 (in thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 1,153,255 $ 10,143 Non-accretable difference (expected losses and foregone interest) - (3,247 ) Cash flows expected to be collected at acquisition 1,153,255 6,896 Accretable yield (23,712 ) 104 Basis in acquired loans at acquisition $ 1,129,543 $ 7,000 |
Tabular Temporal Display of Adjustments Related to Purchased Covered Impaired Loans [Table Text Block] | Three Months Ended Six Months Ended (In thousands) 2015 2014 2015 2014 Impact on net interest income $ 3,223 $ 5,856 $ 9,325 $ 13,247 Non-interest income (2,941 ) (6,410 ) (5,686 ) (13,850 ) Net impact to pre-tax income 282 (554 ) 3,639 (603 ) Net impact, net of taxes $ 171 $ (337 ) $ 2,212 $ (366 ) |
Tabular Temporal Display of Accretable Yield [Table Text Block] | Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 (In thousands) Accretable Carrying Accretable Carrying Beginning balance $ 17,226 $ 177,691 $ 20,635 $ 169,098 Additions - - (116 ) 17,750 Accretable yield adjustments 2,369 - 5,443 - Accretion (4,547 ) 4,547 (10,914 ) 10,914 Payments and other reductions, net - (22,144 ) - (37,668 ) Balance, ending $ 15,048 $ 160,094 $ 15,048 $ 160,094 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 (In thousands) Accretable Carrying Accretable Carrying Beginning balance $ 33,542 $ 218,532 $ 41,385 $ 234,785 Additions - - - - Accretable yield adjustments 3,928 - 5,411 - Accretion (6,180 ) 6,180 (15,506 ) 15,506 Payments and other reductions, net - (32,619 ) - (58,198 ) Balance, ending $ 31,290 $ 192,093 $ 31,290 $ 192,093 |
Summary of the Changes in the FDIC True-Up Provision [Table Text Block] | Three Months Ended Six Months Ended (In thousands) 2015 2014 2015 2014 Beginning balance $ 8,602 $ 7,253 $ 8,308 $ 6,768 Amortization expense 40 41 80 84 Adjustments related to changes in expected losses 279 474 533 916 Balance, ending $ 8,921 $ 7,768 $ 8,921 $ 7,768 |
Acquired Loans [Member] | |
Note 5 - Loans Acquired (Tables) [Line Items] | |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) June 30, December 31, Consumer: Other consumer $ 83 $ 29 Total consumer 83 29 Real estate: Construction 151 105 Single family residential 4,796 2,018 Other commercial 2,905 271 Total real estate 7,852 2,394 Commercial: Commercial 884 291 Agricultural 18 3 Total commercial 902 294 Other 46 - Total $ 8,883 $ 2,717 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days June 30, 2015 Consumer: Other consumer $ 434 $ 73 $ 507 $ 106,639 $ 107,146 $ 33 Total consumer 434 73 507 106,639 107,146 33 Real estate: Construction 2,298 105 2,403 111,532 113,935 - Single family residential 12,492 5,926 18,418 583,432 601,850 2,377 Other commercial 6,406 5,748 12,154 990,074 1,002,228 333 Total real estate 21,196 11,779 32,975 1,685,038 1,718,013 2,710 Commercial: Commercial 3,668 3,776 7,444 226,737 234,181 51 Agricultural 99 6 105 15,658 15,763 6 Total commercial 3,767 3,782 7,549 242,395 249,944 57 Other - - - 33,203 33,203 - Total $ 25,397 $ 15,634 $ 41,031 $ 2,067,275 $ 2,108,306 $ 2,800 December 31, 2014 Consumer: Other consumer $ 70 $ 34 $ 104 $ 8,407 $ 8,511 $ 5 Total consumer 70 34 104 8,407 8,511 5 Real estate: Construction 292 105 397 36,450 36,847 - Single family residential 3,804 2,906 6,710 138,383 145,093 594 Other commercial 1,415 5,994 7,409 326,759 334,168 - Total real estate 5,511 9,005 14,516 501,592 516,108 594 Commercial: Commercial 110 421 531 46,730 47,261 - Agricultural - - - 4,100 4,100 - Total commercial 110 421 531 50,830 51,361 - Total $ 5,691 $ 9,460 $ 15,151 $ 560,829 $ 575,980 $ 599 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total June 30, 2015 Consumer: Other consumer $ 106,784 $ - $ 362 $ - $ - $ 107,146 Total consumer 106,784 - 362 - - 107,146 Real estate: Construction 108,222 120 5,594 - - 113,936 Single family residential 586,785 2,133 11,072 1,833 26 601,849 Other commercial 972,522 9,047 20,661 - - 1,002,230 Total real estate 1,667,529 11,300 37,327 1,833 26 1,718,015 Commercial: Commercial 223,674 2,601 7,882 22 - 234,179 Agricultural 15,216 - 534 - 13 15,763 Total commercial 238,890 2,601 8,416 22 13 249,942 Other 33,157 - 46 - - 33,203 Total $ 2,046,360 $ 13,901 $ 46,151 $ 1,855 $ 39 $ 2,108,306 December 31, 2014 Consumer: Other consumer $ 8,479 $ - $ 32 $ - $ - $ 8,511 Total consumer 8,479 - 32 - - 8,511 Real estate: Construction 27,430 78 9,339 - - 36,847 Single family residential 135,240 683 7,311 1,854 5 145,093 Other commercial 317,965 605 15,598 - - 334,168 Total real estate 480,635 1,366 32,248 1,854 5 516,108 Commercial: Commercial 43,585 69 3,607 - - 47,261 Agricultural 3,030 - 1,070 - - 4,100 Total commercial 46,615 69 4,677 - - 51,361 Total $ 535,729 $ 1,435 $ 36,957 $ 1,854 $ 5 $ 575,980 |
Note 6 - Goodwill and Other I35
Note 6 - Goodwill and Other Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Note 6 - Goodwill and Other Intangible Assets (Tables) [Line Items] | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | (In thousands) June 30, December 31, Goodwill $ 314,282 $ 108,095 Core deposit premiums: Gross carrying amount 44,030 18,318 Accumulated amortization (4,040 ) (2,386 ) Core deposit premiums, net 39,990 15,932 Purchased credit card relationships: Gross carrying amount 2,068 2,068 Accumulated amortization (724 ) (517 ) Purchased credit card relationships, net 1,344 1,551 Books of business intangible: Gross carrying amount 5,560 5,140 Accumulated amortization (289 ) (97 ) Books of business intangible, net 5,271 5,043 Other intangible assets, net 46,605 22,526 Total goodwill and other intangible assets $ 360,887 $ 130,621 |
Core Deposit Premium [Member] | |
Note 6 - Goodwill and Other Intangible Assets (Tables) [Line Items] | |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (In thousands) Year Amortization Remainder of 2015 $ 2,633 2016 5,240 2017 5,240 2018 5,137 2019 4,826 Thereafter 23,529 Total $ 46,605 |
Note 8 - Income Taxes (Tables)
Note 8 - Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | (In thousands) June 30, June 30, Income taxes currently payable $ 16,204 $ 8,539 Deferred income taxes (1,772 ) (3,143 ) Provision for income taxes $ 14,432 $ 5,396 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (In thousands) June 30, 2015 December 31, 2014 Deferred tax assets: Loans acquired $ 30,715 $ 16,925 FDIC true-up liability 2,802 2,792 Allowance for loan losses 11,602 11,749 Valuation of foreclosed assets 15,249 14,167 Tax NOLs from acquisition 11,819 11,819 Deferred compensation payable 2,609 1,536 Vacation compensation 1,597 1,456 Accumulated depreciation - 1,937 Loan interest 2,197 1,693 Accrued pension and profit sharing 1,793 1,793 Accrued equity and other compensation 4,821 3,356 Acquired securities 2,083 2,568 Accrued merger related costs 2,464 2,464 Basis difference in partnership investments 840 617 Unrealized loss on available-for-sale securities 904 862 Other 3,310 1,666 Gross deferred tax assets 94,805 77,400 Deferred tax liabilities: Goodwill and other intangible amortization (25,817 ) (16,953 ) FDIC acquired assets (601 ) (4,377 ) Deferred loan fee income and expenses, net (1,979 ) (1,515 ) FHLB stock dividends (2,227 ) (1,160 ) Limitations under IRC Sec 382 (10,510 ) (11,169 ) Prepayment liabilities (1,979 ) (1,141 ) Accumulated depreciation (661 ) - Other (563 ) (337 ) Gross deferred tax liabilities (44,337 ) (36,652 ) Net deferred tax asset, included in other assets $ 50,468 $ 40,748 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | (In thousands) June 30, June 30, Computed at the statutory rate (35%) $ 15,142 $ 6,880 Increase (decrease) in taxes resulting from: State income taxes, net of federal tax benefit 1,432 460 Tax exempt interest income (2,284 ) (1,868 ) Tax exempt earnings on BOLI (364 ) (247 ) Merger related expenses 569 - Federal tax credits (276 ) - Other differences, net 213 171 Actual tax provision $ 14,432 $ 5,396 |
Note 9 - Securities Sold Unde37
Note 9 - Securities Sold Under Agreements to Repurchase (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Schedule of Repurchase Agreements [Table Text Block] | Remaining Contractual Maturity of the Agreements (In thousands) Overnight and Up to 30 Days 30-90 Days Greater than 90 Total June 30, 2015 Repurchase agreements: U.S. Government agencies $ 98,361 $ - $ - $ 7,321 $ 105,682 December 31, 2014 Repurchase agreements: U.S. Government agencies $ 93,454 $ - $ - $ 7,317 $ 100,771 |
Note 10 - Other Borrowings an38
Note 10 - Other Borrowings and Subordinated Debentures (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Schedule of Debt [Table Text Block] | (In thousands) June 30, 2015 December 31, Other Borrowings FHLB advances, net of discount, due 2015 to 2033, 0.35% to 7.38% secured by residential real estate loans $ 129,749 $ 71,582 Notes payable, due 7/31/2015 to 12/31/2016, 3.25%, floating rate, unsecured 41,572 43,100 171,321 114,682 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 Trust preferred securities, net of discount, due 6/30/2035, floating rate of 1.75% above the three month LIBOR rate, reset quarterly, callable without penalty 11,110 - Trust preferred securities, net of discount, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly 9,898 - Trust preferred securities, net of discount, due 12/3/2033, floating rate of 2.88% above the three month LIBOR rate, reset quarterly, callable without penalty 5,169 - Trust preferred securities, net of discount, due 12/13/2034, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty 5,041 - Trust preferred securities, net of discount, due 6/6/2037, floating rate of 1.57% above the three month LIBOR rate, reset quarterly, callable without penalty 9,956 - 61,794 20,620 Total other borrowings and subordinated debentures $ 233,115 $ 135,302 |
Schedule of Maturities of Long-term Debt [Table Text Block] | (In thousands) Year Annual 2015 $ 40,545 2016 33,157 2017 75,417 2018 6,555 2019 2,742 Thereafter 74,699 Total $ 233,115 |
Note 14 - Stock Based Compens39
Note 14 - Stock Based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 Number Weighted Number Weighted Balance, January 1, 2015 119,690 $ 27.72 226,932 $ 31.88 Granted 113,695 42.76 62,225 41.19 Stock Options Exercised (52,929 ) 22.69 - - Stock Options from Acquisitions 65,850 20.43 - - Stock Awards Vested - - (79,607 ) 34.37 Forfeited/Expired - - (10,730 ) 39.56 Balance, June 30, 2015 246,306 $ 33.64 198,820 $ 33.38 Exercisable, June 30, 2015 117,661 $ 26.25 |
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 $15.55 - $21.29 37,741 4.86 $ 19.52 24,291 $ 19.01 21.51 - 26.19 31,200 1.28 25.70 31,200 25.70 28.42 - 28.42 31,500 1.92 28.42 31,500 28.42 30.31 - 30.31 30,670 2.91 30.31 30,670 30.31 40.57 - 40.57 48,690 9.50 40.57 - - 40.72 - 40.72 1,500 9.38 40.72 - - 44.40 - 44.40 65,005 9.73 44.40 - - $15.55 - $44.40 246,306 6.02 $ 33.64 117,661 $ 26.25 |
Note 15 - Additional Cash Flo40
Note 15 - Additional Cash Flow Information (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Supplemental Cash Flow Elements [Abstract] | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Six Months Ended (In thousands) 2015 2014 Interest paid $ 9,413 $ 6,952 Income taxes paid 13,981 11,674 Transfers of loans not covered by FDIC loss share to foreclosed assets held for sale 7,426 2,097 Transfers of loans acquired, covered by FDIC loss share, to foreclosed assets covered by FDIC loss share 2,288 4,043 Transfers of premises held for sale to foreclosed assets held for sale 6,126 - |
Note 16 - Other Operating Exp41
Note 16 - Other Operating Expenses (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Other Income and Expenses [Abstract] | |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | Three Months Ended Six Months Ended (In thousands) 2015 2014 2015 2014 Professional services $ 2,261 $ 1,868 $ 4,135 $ 3,246 Postage 1,085 813 2,017 1,730 Telephone 1,321 703 2,175 1,403 Credit card expense 2,280 2,123 4,271 4,322 Operating supplies 612 418 1,092 934 Amortization of intangibles 996 452 2,287 954 Branch right sizing expense 2,745 300 2,780 4,178 Other expense 6,741 3,869 11,456 7,156 Total other operating expenses $ 18,041 $ 10,546 $ 30,213 $ 23,923 |
Note 20 - Fair Value Measurem42
Note 20 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30, 2015 ASSETS Available-for-sale securities U.S. Treasury $ 4,005 $ - $ 4,005 $ - U.S. Government agencies 236,003 - 236,003 - Mortgage-backed securities 464,857 - 464,857 - State and political subdivisions 10,971 - 10,971 - Other securities 31,865 - 31,865 - Assets held in trading accounts 6,481 2,709 3,772 - December 31, 2014 ASSETS Available-for-sale securities U.S. Treasury $ 3,992 $ - $ 3,992 $ - U.S. Government agencies 272,816 - 272,816 - Mortgage-backed securities 1,572 - 1,572 - State and political subdivisions 6,540 - 6,540 - Other securities 20,363 - 20,363 - Assets held in trading accounts 6,987 3,320 3,667 - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant June 30, 2015 ASSETS Impaired loans (1) (2) $ 15,958 $ - $ - $ 15,958 Foreclosed assets held for sale (1) 6,681 - - 6,681 December 31, 2014 ASSETS Impaired loans (1) (2) $ 12,276 $ - $ - $ 12,276 Foreclosed assets held for sale (1) 3,417 - - 3,417 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Value Measurements (In thousands) Amount Level 1 Level 2 Level 3 Total June 30, 2015 Financial assets: Cash and cash equivalents $ 292,470 $ 292,470 $ - $ - $ 292,470 Interest bearing balances due from banks - time 24,189 - 24,180 - 24,180 Held-to-maturity securities 861,596 - 863,349 - 863,349 Mortgage loans held for sale 48,094 - - 48,094 48,094 Interest receivable 24,129 - 24,129 - 24,129 Legacy loans, net 2,580,662 - - 2,585,022 2,585,022 Loans acquired, not covered by FDIC loss share 2,108,306 - - 2,111,868 2,111,868 Loans acquired, covered by FDIC loss share 93,121 - - 93,278 93,278 FDIC indemnification asset 13,020 - - 13,020 13,020 Financial liabilities: Non-interest bearing transaction accounts 1,141,285 - 1,141,285 - 1,141,285 Interest bearing transaction accounts and savings deposits 3,581,049 - 3,581,049 - 3,581,049 Time deposits 1,447,688 - - 1,443,811 1,443,811 Federal funds purchased and securities sold under agreements to repurchase 111,792 - 111,792 - 111,792 Other borrowings 171,321 - 176,279 - 176,279 Subordinated debentures 61,794 - 56,876 - 56,876 Interest payable 2,234 - 2,234 - 2,234 December 31, 2014 Financial assets: Cash and cash equivalents $ 335,909 $ 335,909 $ - $ - $ 335,909 Held-to-maturity securities 777,587 - 780,533 - 780,533 Mortgage loans held for sale 21,265 - - 21,265 21,265 Interest receivable 16,774 - 16,774 - 16,774 Legacy loans, net 2,024,693 - - 2,022,889 2,022,889 Loans acquired, not covered by FDIC loss share 575,980 - - 560,651 560,651 Loans acquired, covered by FDIC loss share, net 106,933 - - 105,789 105,789 FDIC indemnification asset 22,663 - - 22,663 22,663 Financial liabilities: Non-interest bearing transaction accounts 889,260 - 889,260 - 889,260 Interest bearing transaction accounts and savings deposits 2,006,271 - 2,006,271 - 2,006,271 Time deposits 965,187 - - 967,900 967,900 Federal funds purchased and securities sold under agreements to repurchase 110,586 - 110,586 - 110,586 Other borrowings 114,682 - 114,698 - 114,698 Subordinated debentures 20,620 - 16,115 - 16,115 Interest payable 1,147 - 1,147 - 1,147 |
Note 1 - Basis of Presentatio43
Note 1 - Basis of Presentation (Details) - $ / shares | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Disclosure Text Block [Abstract] | |||||
Earnings Per Share, Diluted, Year-to-Date Roll-forward Amount | $ 0.71 | ||||
Earnings Per Share, Diluted, Difference from Actual Amount | 0.04 | ||||
Earnings Per Share, Diluted | [1] | $ 0.67 | $ 0.60 | $ 1.10 | $ 0.87 |
[1] | EPS are computed independently for each quarter and therefore the sum of each quarterly EPS may not equal the year-to-date EPS. As a result of the large stock issuances during 2015 as part of the Company's acquisitions, the computed independent quarterly average common shares outstanding and the computed year-to-date average common shares differ significantly. For purposes of calculating a roll-forward amount for year-to-date EPS, diluted EPS for the second quarter would require a computed amount of $0.71, producing a difference of $.04 from actual second quarter diluted EPS of $0.67. This difference is based on the direct result of the varying denominator for each period presented. |
Note 1 - Basis of Presentatio44
Note 1 - Basis of Presentation (Details) - Earnings Per Share - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Earnings Per Share [Abstract] | |||||
Net income available to common shareholders (in Dollars) | $ 20,018 | $ 9,908 | $ 28,727 | $ 14,261 | |
Average common shares outstanding | 29,867 | 16,318 | 26,084 | 16,294 | |
Average potential dilutive common shares | 120 | 43 | 120 | 43 | |
Average diluted common shares | 29,987 | 16,361 | 26,204 | 16,337 | |
Basic earnings per share (in Dollars per share) | $ 0.67 | $ 0.61 | $ 1.10 | $ 0.88 | |
Diluted earnings per share (1) (in Dollars per share) | [1] | $ 0.67 | $ 0.60 | $ 1.10 | $ 0.87 |
[1] | EPS are computed independently for each quarter and therefore the sum of each quarterly EPS may not equal the year-to-date EPS. As a result of the large stock issuances during 2015 as part of the Company's acquisitions, the computed independent quarterly average common shares outstanding and the computed year-to-date average common shares differ significantly. For purposes of calculating a roll-forward amount for year-to-date EPS, diluted EPS for the second quarter would require a computed amount of $0.71, producing a difference of $.04 from actual second quarter diluted EPS of $0.67. This difference is based on the direct result of the varying denominator for each period presented. |
Note 2 - Acquisitions (Details)
Note 2 - Acquisitions (Details) | Apr. 28, 2015USD ($)shares | Feb. 27, 2015USD ($)shares | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) |
Note 2 - Acquisitions (Details) [Line Items] | ||||
Deposits | $ 6,170,022,000 | $ 3,860,718,000 | ||
Goodwill | 314,282,000 | $ 108,095,000 | ||
Liberty Bancshares, Inc. [Member] | ||||
Note 2 - Acquisitions (Details) [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | shares | 5,181,337 | |||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 212,200,000 | |||
Number of Bank Branches | 23 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 1,065,541,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 780,658,000 | |||
Deposits | 874,700,000 | |||
Goodwill | $ 95,608,000 | |||
Business Combination, Percentage of Fair Value Adjustment, Deferred Tax Asset | 39.225% | |||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 18,800,000 | |||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 8,300,000 | |||
Community First Bancshares, Inc. [Member] | ||||
Note 2 - Acquisitions (Details) [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | shares | 6,552,915 | |||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 268,300,000 | |||
Number of Bank Branches | 33 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | $ 1,100,000,000 | |||
Deposits | 1,500,000,000 | |||
Goodwill | $ 111,300,000 | |||
Business Combination, Percentage of Fair Value Adjustment, Deferred Tax Asset | 39.225% | |||
Payments to Acquire Businesses, Gross | $ 9,974 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Net | 1,900,000,000 | |||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 32,500,000 | |||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | $ 8,400,000 | |||
Community First Bancshares, Inc. [Member] | Preferred Stock [Member] | ||||
Note 2 - Acquisitions (Details) [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | 30,900,000 | |||
Community First Bancshares, Inc. [Member] | Acquisition-related Costs Excluded [Member] | ||||
Note 2 - Acquisitions (Details) [Line Items] | ||||
Revenues | $ 7,400,000 | |||
OTIC and TCO [Member] | ||||
Note 2 - Acquisitions (Details) [Line Items] | ||||
Assets under Management, Carrying Amount | $ 1,000,000,000 | |||
Number of Investment in Shares, Repurchased Through Acquisition (in Shares) | shares | 1,000 | |||
OTIC and TCO [Member] | Pending Acquisition [Member] | ||||
Note 2 - Acquisitions (Details) [Line Items] | ||||
Payments to Acquire Businesses, Gross | $ 701.9268 | |||
Conversion of Stock, Shares Converted (in Shares) | shares | 16.7205 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $ 20,700,000 |
Note 2 - Acquisitions (Detail46
Note 2 - Acquisitions (Details) - Assets Acquired and Liabilities Assumed - USD ($) $ in Thousands | Feb. 27, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
Deposits: | |||
Goodwill | $ 314,282 | $ 108,095 | |
Liberty Bancshares, Inc. [Member] | |||
Note 2 - Acquisitions (Details) - Assets Acquired and Liabilities Assumed [Line Items] | |||
Cash and due from banks | $ 102,623 | ||
Federal funds sold | 7,060 | ||
Investment securities | 98,788 | ||
Loans acquired, not covered by FDIC loss share | 780,658 | ||
Premises and equipment | 31,024 | ||
Bank owned life insurance | 16,972 | ||
Core deposit intangible | 14,556 | ||
Other assets | 13,860 | ||
Total assets acquired | 1,065,541 | ||
Deposits: | |||
Non-interest bearing transaction accounts | 146,618 | ||
Interest bearing transaction accounts and savings deposits | 543,183 | ||
Time deposits | 184,913 | ||
Total deposits | 874,714 | ||
FHLB borrowings | 46,351 | ||
Subordinated debentures | 19,780 | ||
Accrued interest and other liabilities | 8,128 | ||
Total liabilities assumed | 948,973 | ||
Total liabilities and equity assumed | 948,973 | ||
Net assets acquired | 116,568 | ||
Purchase price | 212,176 | ||
Goodwill | 95,608 | ||
Liberty Bancshares, Inc. [Member] | Cost Acquired [Member] | |||
Note 2 - Acquisitions (Details) - Assets Acquired and Liabilities Assumed [Line Items] | |||
Cash and due from banks | 102,637 | ||
Federal funds sold | 7,060 | ||
Investment securities | 99,123 | ||
Loans acquired, not covered by FDIC loss share | 790,493 | ||
Allowance for loan losses | (10,422) | ||
Premises and equipment | 34,239 | ||
Bank owned life insurance | 16,972 | ||
Core deposit intangible | 699 | ||
Other intangibles | 3,063 | ||
Other assets | 17,703 | ||
Total assets acquired | 1,061,567 | ||
Deposits: | |||
Non-interest bearing transaction accounts | 146,618 | ||
Interest bearing transaction accounts and savings deposits | 543,183 | ||
Time deposits | 184,913 | ||
Total deposits | 874,714 | ||
FHLB borrowings | 46,128 | ||
Subordinated debentures | 20,620 | ||
Accrued interest and other liabilities | 7,828 | ||
Total liabilities assumed | 949,290 | ||
Equity | 112,277 | ||
Total liabilities and equity assumed | 1,061,567 | ||
Liberty Bancshares, Inc. [Member] | Fair Value Adjustments [Member] | |||
Note 2 - Acquisitions (Details) - Assets Acquired and Liabilities Assumed [Line Items] | |||
Cash and due from banks | (14) | ||
Investment securities | (335) | ||
Loans acquired, not covered by FDIC loss share | (9,835) | ||
Allowance for loan losses | 10,422 | ||
Premises and equipment | (3,215) | ||
Core deposit intangible | 13,857 | ||
Other intangibles | (3,063) | ||
Other assets | (3,843) | ||
Total assets acquired | 3,974 | ||
Deposits: | |||
FHLB borrowings | 223 | ||
Subordinated debentures | (840) | ||
Accrued interest and other liabilities | 300 | ||
Total liabilities assumed | (317) | ||
Equity | (112,277) | ||
Total liabilities and equity assumed | (112,594) | ||
Delta Trust [Member] | |||
Note 2 - Acquisitions (Details) - Assets Acquired and Liabilities Assumed [Line Items] | |||
Cash and due from banks | 39,848 | ||
Federal funds sold | 76,508 | ||
Investment securities | 566,818 | ||
Loans acquired, not covered by FDIC loss share | 1,136,543 | ||
Foreclosed assets not covered by FDIC loss share | 747 | ||
Premises and equipment | 42,043 | ||
Bank owned life insurance | 22,149 | ||
Core deposit intangible | 11,273 | ||
Other intangibles | 420 | ||
Deferred tax asset | 7,367 | ||
Other assets | 11,474 | ||
Total assets acquired | 1,915,190 | ||
Deposits: | |||
Non-interest bearing transaction accounts | 103,825 | ||
Interest bearing transaction accounts and savings deposits | 995,207 | ||
Time deposits | 437,030 | ||
Total deposits | 1,536,062 | ||
Federal funds purchased and securities sold under agreement to repurchase | 16,230 | ||
FHLB borrowings | 144,394 | ||
Subordinated debentures | 21,244 | ||
Accrued interest and other liabilities | 9,370 | ||
Total liabilities assumed | 1,727,300 | ||
Total liabilities and equity assumed | 1,727,300 | ||
Net assets acquired | 187,890 | ||
Purchase price | 299,204 | ||
Goodwill | 111,314 | ||
Delta Trust [Member] | Cost Acquired [Member] | |||
Note 2 - Acquisitions (Details) - Assets Acquired and Liabilities Assumed [Line Items] | |||
Cash and due from banks | 39,848 | ||
Federal funds sold | 76,508 | ||
Investment securities | 570,199 | ||
Loans acquired, not covered by FDIC loss share | 1,163,398 | ||
Allowance for loan losses | (14,635) | ||
Foreclosed assets not covered by FDIC loss share | 747 | ||
Premises and equipment | 44,837 | ||
Bank owned life insurance | 22,149 | ||
Deferred tax asset | 3,700 | ||
Other assets | 11,474 | ||
Total assets acquired | 1,918,325 | ||
Deposits: | |||
Non-interest bearing transaction accounts | 103,825 | ||
Interest bearing transaction accounts and savings deposits | 995,207 | ||
Time deposits | 436,181 | ||
Total deposits | 1,535,213 | ||
Federal funds purchased and securities sold under agreement to repurchase | 16,230 | ||
FHLB borrowings | 143,047 | ||
Subordinated debentures | 21,754 | ||
Accrued interest and other liabilities | 8,769 | ||
Total liabilities assumed | 1,725,013 | ||
Equity | 193,312 | ||
Total liabilities and equity assumed | 1,918,325 | ||
Goodwill | 100 | ||
Delta Trust [Member] | Fair Value Adjustments [Member] | |||
Note 2 - Acquisitions (Details) - Assets Acquired and Liabilities Assumed [Line Items] | |||
Investment securities | (3,381) | ||
Loans acquired, not covered by FDIC loss share | (26,855) | ||
Allowance for loan losses | 14,635 | ||
Premises and equipment | (2,794) | ||
Core deposit intangible | 11,273 | ||
Other intangibles | 420 | ||
Deferred tax asset | 3,667 | ||
Total assets acquired | (3,135) | ||
Deposits: | |||
Time deposits | 849 | ||
Total deposits | 849 | ||
FHLB borrowings | 1,347 | ||
Subordinated debentures | (510) | ||
Accrued interest and other liabilities | 601 | ||
Total liabilities assumed | 2,287 | ||
Equity | (193,312) | ||
Total liabilities and equity assumed | (191,025) | ||
Goodwill | $ (100) |
Note 2 - Acquisitions (Detail47
Note 2 - Acquisitions (Details) - Pro forma information - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Pro forma information [Abstract] | |||||
Revenue (1) | [1] | $ 96,942 | $ 95,504 | $ 194,203 | $ 185,977 |
Net income | $ 30,043 | $ 9,934 | $ 42,090 | $ 26,191 | |
Earnings per share (in Dollars per share) | $ 1 | $ 0.35 | $ 1.40 | $ 0.93 | |
[1] | Net interest income plus noninterest income. |
Note 3 - Investment Securitie48
Note 3 - Investment Securities (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Investments, Debt and Equity Securities [Abstract] | |||||
Securities Continuous Unrealized Loss Position Fair Value | $ 983,100,000 | ||||
Securities Continuous Unrealized Loss Position Fair Value Percent of Portfolio | 61.10% | ||||
Securities Sold under Agreements to Repurchase | $ 105,700,000 | $ 105,700,000 | $ 100,800,000 | ||
Available-for-sale Securities Pledged as Collateral | 819,600,000 | 819,600,000 | $ 520,400,000 | ||
Available-for-sale Securities, Gross Realized Gains | 0 | 2,000 | |||
Available-for-sale Securities, Gross Realized Losses | $ 0 | $ 40,000 | |||
Marketable Securities, Realized Gain (Loss) | $ 38,000 | $ 3 |
Note 3 - Investment Securitie49
Note 3 - Investment Securities (Details) - Investment Securities - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Held-to-Maturity | ||
Held to maturity-Amortized cost | $ 861,596 | $ 777,587 |
Held to maturity-Gross unrealized gains | 6,515 | 7,985 |
Held to maturity-Gross unrealized losses | (4,762) | (5,039) |
Held to maturity-Estimated fair value | 863,349 | 780,533 |
Available-for-Sale | ||
Available for sale--Amortized cost | 750,005 | 307,481 |
Available for sale--Gross unrealized gains | 1,483 | 409 |
Available for sale--Gross unrealized losses | (3,787) | (2,607) |
Available for sale--Estimated fair value | 747,701 | 305,283 |
US Government Agencies Debt Securities [Member] | ||
Held-to-Maturity | ||
Held to maturity-Amortized cost | 361,744 | 418,914 |
Held to maturity-Gross unrealized gains | 1,234 | 929 |
Held to maturity-Gross unrealized losses | (1,463) | (4,055) |
Held to maturity-Estimated fair value | 361,515 | 415,788 |
Available-for-Sale | ||
Available for sale--Amortized cost | 236,700 | 275,381 |
Available for sale--Gross unrealized gains | 138 | 15 |
Available for sale--Gross unrealized losses | (835) | (2,580) |
Available for sale--Estimated fair value | 236,003 | 272,816 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Held-to-Maturity | ||
Held to maturity-Amortized cost | 27,146 | 29,743 |
Held to maturity-Gross unrealized gains | 130 | 56 |
Held to maturity-Gross unrealized losses | (240) | (411) |
Held to maturity-Estimated fair value | 27,036 | 29,388 |
Available-for-Sale | ||
Available for sale--Amortized cost | 466,060 | 1,579 |
Available for sale--Gross unrealized gains | 889 | |
Available for sale--Gross unrealized losses | (2,092) | (7) |
Available for sale--Estimated fair value | 464,857 | 1,572 |
US States and Political Subdivisions Debt Securities [Member] | ||
Held-to-Maturity | ||
Held to maturity-Amortized cost | 471,631 | 328,310 |
Held to maturity-Gross unrealized gains | 5,151 | 7,000 |
Held to maturity-Gross unrealized losses | (3,059) | (573) |
Held to maturity-Estimated fair value | 473,723 | 334,737 |
Available-for-Sale | ||
Available for sale--Amortized cost | 10,961 | 6,536 |
Available for sale--Gross unrealized gains | 29 | 7 |
Available for sale--Gross unrealized losses | (19) | (3) |
Available for sale--Estimated fair value | 10,971 | 6,540 |
Other Securities [Member] | ||
Held-to-Maturity | ||
Held to maturity-Amortized cost | 1,075 | 620 |
Held to maturity-Estimated fair value | 1,075 | 620 |
Available-for-Sale | ||
Available for sale--Amortized cost | 32,284 | 19,985 |
Available for sale--Gross unrealized gains | 422 | 386 |
Available for sale--Gross unrealized losses | (841) | (8) |
Available for sale--Estimated fair value | 31,865 | 20,363 |
US Treasury Securities [Member] | ||
Available-for-Sale | ||
Available for sale--Amortized cost | 4,000 | 4,000 |
Available for sale--Gross unrealized gains | 5 | 1 |
Available for sale--Gross unrealized losses | (9) | |
Available for sale--Estimated fair value | $ 4,005 | $ 3,992 |
Note 3 - Investment Securitie50
Note 3 - Investment Securities (Details) - Securities with Unrealized Losses - Jun. 30, 2015 - USD ($) $ in Thousands | Total |
Held-to-Maturity | |
Held-to-maturity, less than 12 months, estimated fair value | $ 377,587 |
Held-to-maturity, less than 12 months, gross unrealized losses | (3,891) |
Held-to-maturity, 12 months or more, estimated fair value | 76,567 |
Held-to-maturity, 12 months or more, gross unrealized losses | (871) |
Held-to-maturity, total, estimated fair value | 454,154 |
Held-to-maturity, total, gross unrealized losses | (4,762) |
Available-for-Sale | |
Available-for-sale, less than 12 months, estimated fair value | 486,295 |
Available-for-sale, less than 12 months, gross unrealized losses | (3,357) |
Available-for-sale, 12 months or more, estimated fair value | 42,673 |
Available-for-sale, 12 months or more, gross unrealized losses | (430) |
Available-for-sale, estimated fair value | 528,968 |
Available-for-sale, gross unrealized losses | (3,787) |
US Government Agencies Debt Securities [Member] | |
Held-to-Maturity | |
Held-to-maturity, less than 12 months, estimated fair value | 177,586 |
Held-to-maturity, less than 12 months, gross unrealized losses | (850) |
Held-to-maturity, 12 months or more, estimated fair value | 63,880 |
Held-to-maturity, 12 months or more, gross unrealized losses | (613) |
Held-to-maturity, total, estimated fair value | 241,466 |
Held-to-maturity, total, gross unrealized losses | (1,463) |
Available-for-Sale | |
Available-for-sale, less than 12 months, estimated fair value | 138,848 |
Available-for-sale, less than 12 months, gross unrealized losses | (405) |
Available-for-sale, 12 months or more, estimated fair value | 42,673 |
Available-for-sale, 12 months or more, gross unrealized losses | (430) |
Available-for-sale, estimated fair value | 181,521 |
Available-for-sale, gross unrealized losses | (835) |
Collateralized Mortgage Backed Securities [Member] | |
Held-to-Maturity | |
Held-to-maturity, less than 12 months, estimated fair value | 8,581 |
Held-to-maturity, less than 12 months, gross unrealized losses | (46) |
Held-to-maturity, 12 months or more, estimated fair value | 8,882 |
Held-to-maturity, 12 months or more, gross unrealized losses | (194) |
Held-to-maturity, total, estimated fair value | 17,463 |
Held-to-maturity, total, gross unrealized losses | (240) |
Available-for-Sale | |
Available-for-sale, less than 12 months, estimated fair value | 342,210 |
Available-for-sale, less than 12 months, gross unrealized losses | (2,092) |
Available-for-sale, estimated fair value | 342,210 |
Available-for-sale, gross unrealized losses | (2,092) |
US States and Political Subdivisions Debt Securities [Member] | |
Held-to-Maturity | |
Held-to-maturity, less than 12 months, estimated fair value | 191,420 |
Held-to-maturity, less than 12 months, gross unrealized losses | (2,995) |
Held-to-maturity, 12 months or more, estimated fair value | 3,805 |
Held-to-maturity, 12 months or more, gross unrealized losses | (64) |
Held-to-maturity, total, estimated fair value | 195,225 |
Held-to-maturity, total, gross unrealized losses | (3,059) |
Available-for-Sale | |
Available-for-sale, less than 12 months, estimated fair value | 3,473 |
Available-for-sale, less than 12 months, gross unrealized losses | (19) |
Available-for-sale, estimated fair value | 3,473 |
Available-for-sale, gross unrealized losses | (19) |
Equity Securities [Member] | |
Available-for-Sale | |
Available-for-sale, less than 12 months, estimated fair value | 764 |
Available-for-sale, less than 12 months, gross unrealized losses | (5) |
Available-for-sale, estimated fair value | 764 |
Available-for-sale, gross unrealized losses | (5) |
Other Securities [Member] | |
Available-for-Sale | |
Available-for-sale, less than 12 months, estimated fair value | 1,000 |
Available-for-sale, less than 12 months, gross unrealized losses | (836) |
Available-for-sale, estimated fair value | 1,000 |
Available-for-sale, gross unrealized losses | $ (836) |
Note 3 - Investment Securitie51
Note 3 - Investment Securities (Details) - Income Earned on Securities - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Non-taxable: | ||||
Total | $ 8,050 | $ 4,766 | $ 13,929 | $ 9,315 |
Held-to-maturity Securities [Member] | ||||
Taxable: | ||||
Taxable | 1,307 | 1,378 | 2,696 | 2,727 |
Non-taxable: | ||||
Non taxable | 2,732 | 2,633 | 5,334 | 5,252 |
Available-for-sale Securities [Member] | ||||
Taxable: | ||||
Taxable | 3,172 | 729 | 4,755 | 1,279 |
Non-taxable: | ||||
Non taxable | $ 839 | $ 26 | $ 1,144 | $ 57 |
Note 3 - Investment Securitie52
Note 3 - Investment Securities (Details) - Maturities of Investment Securities - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Maturities of Investment Securities [Abstract] | ||
One year or less | $ 52,552 | |
One year or less | 52,603 | |
One year or less | 21,853 | |
One year or less | 21,833 | |
After one through five years | 379,913 | |
After one through five years | 379,511 | |
After one through five years | 183,376 | |
After one through five years | 182,746 | |
After five through ten years | 177,863 | |
After five through ten years | 179,113 | |
After five through ten years | 116,360 | |
After five through ten years | 116,088 | |
After ten years | 251,268 | |
After ten years | 252,122 | |
After ten years | 396,901 | |
After ten years | 395,933 | |
Other securities (no maturity) | 31,515 | |
Other securities (no maturity) | 31,101 | |
Total | 861,596 | $ 777,587 |
Total | 863,349 | 780,533 |
Total | 750,005 | 307,481 |
Total | $ 747,701 | $ 305,283 |
Note 4 - Loans and Allowance 53
Note 4 - Loans and Allowance for Loan Losses (Details) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Dec. 31, 2014USD ($) | Mar. 31, 2015USD ($) | ||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Loans and Leases Receivable, Gross | $ 4,810,000,000 | $ 4,810,000,000 | $ 2,740,000,000 | ||||
Impaired Financing Receivable, Recorded Investment | 16,357,000 | 16,357,000 | 14,669,000 | ||||
Impaired Financing Receivable, Related Allowance | 2,012,000 | 2,012,000 | 2,075,000 | ||||
Impaired Financing Receivable, Interest Income, Accrual Method | 300,000 | $ 158,000 | 549,000 | $ 364,000 | |||
Impaired Financing Receivable, Average Recorded Investment | $ 16,638,000 | $ 18,743,000 | $ 15,981,000 | $ 18,601,000 | |||
Financing Receivable, Modifications, Number of Contracts | 5 | 1 | 7 | 2 | |||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 380,000 | $ 599,000 | $ 728,000 | $ 1,630,000 | |||
Mortgage Loans in Process of Foreclosure, Amount | 1,537,000 | 1,537,000 | |||||
Real Estate Acquired Through Foreclosure | 42,666,000 | 42,666,000 | 44,856,000 | ||||
Acquired Impaired Loans, Carrying Value | [1] | 2,201,427,000 | 2,201,427,000 | 682,913,000 | |||
Loans And Leases Receivable Classified | 29,800,000 | 29,800,000 | 16,600,000 | ||||
Covered Purchased Impaired Loans, Allowance | 1,000,000 | 1,000,000 | 1,000,000 | ||||
Provision for Loan Losses, Net of FDIC Loss Share Adjustments | 400,000 | ||||||
Provision for Loan and Lease Losses | 3,006,000 | $ 1,602,000 | 4,177,000 | $ 2,510,000 | |||
Loans and Leases Receivable, Allowance | 30,567,000 | $ 30,567,000 | 29,028,000 | ||||
Risk Ratings 6,7, and 8 [Member] | |||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |||||
Loans And Leases Receivable Classified | 102,100,000 | $ 102,100,000 | 82,100,000 | ||||
Liberty, Community First, Metropolitan and Delta Trust Acquisitions [Member] | |||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Acquired Impaired Loans, Carrying Value | 32,900,000 | 32,900,000 | 22,300,000 | ||||
OREO Secured by Residential Real Estate Properties [Member] | |||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Real Estate Acquired Through Foreclosure | $ 4,599,000 | 4,599,000 | |||||
OREO Received in Full or Partial Satisfaction of Loans [Member] | Commerical Real Estate and Residential Real Estate [Member] | |||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 4,756,500 | $ 9,268,321 | |||||
Restructured During Current Period [Member] | |||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Number of Contracts | 5 | 1 | 7 | 2 | |||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 380,000 | $ 599,000 | $ 1,630,000 | ||||
Restructured Loan [Member] | |||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 728,000 | ||||||
Acquired Loans [Member] | |||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Loans and Leases Receivable, Gross | 2,108,306,000 | 2,108,306,000 | 575,980,000 | ||||
Provision for Loan and Lease Losses | 604,000 | 604,000 | |||||
Allowance for Loan and Lease Losses, Write-offs | 604,000 | ||||||
Loans and Leases Receivable, Allowance | 0 | 0 | |||||
Loans and Leases Receivable, Allowance, Covered | 954,000 | 954,000 | 954,000 | $ 954,000 | |||
Loans, Including Acquired Loans [Member] | |||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||||
Loans and Leases Receivable, Allowance | $ 31,521,000 | $ 31,521,000 | $ 29,982,000 | $ 30,137,000 | |||
[1] | Loans acquired include $93.1 million and $106.9 million (each net of $1.0 million allowance) of loans covered by FDIC loss share agreements at June 30, 2015 and December 31, 2014, respectively. |
Note 4 - Loans and Allowance 54
Note 4 - Loans and Allowance for Loan Losses (Details) - Loan Portfolio by Categories - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | $ 4,810,000 | $ 2,740,000 | |
Loans acquired, not covered by FDIC loss share (net of discount) (1) | [1] | 2,108,306 | 575,980 |
Loans acquired, covered by FDIC loss share (net of discount and allowance) (1) | [1] | 93,121 | 106,933 |
Total loans | 4,812,656 | 2,736,634 | |
Loans, Excluding Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 2,611,229 | 2,053,721 | |
Consumer Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 334,902 | 288,782 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 174,074 | 185,380 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 160,828 | 103,402 | |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 334,902 | 288,782 | |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Credit Card Receivable [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 174,074 | 185,380 | |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 160,828 | 103,402 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 1,740,770 | 1,352,328 | |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 878,109 | 714,797 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 199,707 | 181,968 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 662,954 | 455,563 | |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 1,740,770 | 1,352,328 | |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 878,109 | 714,797 | |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Construction Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 199,707 | 181,968 | |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Single Family Residential Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 662,954 | 455,563 | |
Commercial Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 530,371 | 407,478 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 388,869 | 291,820 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 141,502 | 115,658 | |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 530,371 | 407,478 | |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Commercial Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 388,869 | 291,820 | |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Agricultural Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 141,502 | 115,658 | |
Unallocated Financing Receivables [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 5,186 | 5,133 | |
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | $ 5,186 | $ 5,133 | |
[1] | See Note 5, Loans Acquired, for segregation of loans acquired by loan class. |
Note 4 - Loans and Allowance 55
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 ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
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 | $ 15,565 | $ 12,038 |
Consumer Portfolio Segment [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 | 629 | 602 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [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 | 321 | 197 |
Consumer Portfolio Segment [Member] | Other 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 | 308 | 405 |
Commercial Real Estate Portfolio Segment [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 | 12,996 | 10,395 |
Commercial Real Estate Portfolio Segment [Member] | Other 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 | 3,266 | 1,522 |
Commercial Real Estate Portfolio Segment [Member] | 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 | 5,058 | 4,863 |
Commercial Real Estate Portfolio Segment [Member] | 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 | 4,672 | 4,010 |
Commercial Portfolio Segment [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 | 1,940 | 1,041 |
Commercial Portfolio Segment [Member] | 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 | 1,844 | 585 |
Commercial Portfolio Segment [Member] | 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 | $ 96 | $ 456 |
Note 4 - Loans and Allowance 56
Note 4 - Loans and Allowance for Loan Losses (Details) - Age Analysis of Past Due Loans, Excluding Loans Acquired, Segregated by Class of Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | $ 4,810,000 | $ 2,740,000 |
Loans, Excluding Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 19,354 | 15,193 |
Current | 2,591,875 | 2,038,528 |
Total Loans | 2,611,229 | 2,053,721 |
90 Days Past Due & Accruing | 1,375 | 688 |
Loans, Excluding Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 9,711 | 10,196 |
Loans, Excluding Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 9,643 | 4,997 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 334,902 | 288,782 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 174,074 | 185,380 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 160,828 | 103,402 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,020 | 2,940 |
Current | 331,882 | 285,842 |
Total Loans | 334,902 | 288,782 |
90 Days Past Due & Accruing | 352 | 223 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,189 | 2,036 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 831 | 904 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,018 | 1,144 |
Current | 173,056 | 184,236 |
Total Loans | 174,074 | 185,380 |
90 Days Past Due & Accruing | 158 | |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Credit Card Receivable [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 539 | 687 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Credit Card Receivable [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 479 | 457 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,002 | 1,796 |
Current | 158,826 | 101,606 |
Total Loans | 160,828 | 103,402 |
90 Days Past Due & Accruing | 194 | 223 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,650 | 1,349 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 352 | 447 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 1,740,770 | 1,352,328 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 878,109 | 714,797 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 199,707 | 181,968 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 662,954 | 455,563 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 14,565 | 11,290 |
Current | 1,726,205 | 1,341,038 |
Total Loans | 1,740,770 | 1,352,328 |
90 Days Past Due & Accruing | 726 | 425 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 6,341 | 7,660 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 8,224 | 3,630 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 4,096 | 2,834 |
Current | 874,013 | 711,963 |
Total Loans | 878,109 | 714,797 |
90 Days Past Due & Accruing | 96 | |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,903 | 1,987 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,193 | 847 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,019 | 1,330 |
Current | 196,688 | 180,638 |
Total Loans | 199,707 | 181,968 |
90 Days Past Due & Accruing | 357 | 177 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Construction Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 475 | 760 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,544 | 570 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 7,450 | 7,126 |
Current | 655,504 | 448,437 |
Total Loans | 662,954 | 455,563 |
90 Days Past Due & Accruing | 273 | 248 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Single Family Residential Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,963 | 4,913 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Single Family Residential Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,487 | 2,213 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 530,371 | 407,478 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 388,869 | 291,820 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 141,502 | 115,658 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,769 | 963 |
Current | 528,602 | 406,515 |
Total Loans | 530,371 | 407,478 |
90 Days Past Due & Accruing | 297 | 40 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,181 | 500 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 588 | 463 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,419 | 735 |
Current | 387,450 | 291,085 |
Total Loans | 388,869 | 291,820 |
90 Days Past Due & Accruing | 203 | |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 994 | 381 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 425 | 354 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 350 | 228 |
Current | 141,152 | 115,430 |
Total Loans | 141,502 | 115,658 |
90 Days Past Due & Accruing | 94 | 40 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Agricultural Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 187 | 119 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Agricultural Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 163 | 109 |
Unallocated Financing Receivables [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 5,186 | 5,133 |
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 5,186 | 5,133 |
Total Loans | $ 5,186 | $ 5,133 |
Note 4 - Loans and Allowance 57
Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loans, Net of Government Guarantees and Excluding Loans Acquired, Segregated by Class of Loans - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | $ 19,105,000 | $ 19,105,000 | $ 16,326,000 | ||
Recorded investment with no allowance | 14,468,000 | 14,468,000 | 14,247,000 | ||
Recorded investment with allowance | 1,889,000 | 1,889,000 | 422,000 | ||
Total recorded investment | 16,357,000 | 16,357,000 | 14,669,000 | ||
Related allowance | 2,012,000 | 2,012,000 | 2,075,000 | ||
Average investment in impaired loans | 16,638,000 | $ 18,743,000 | 15,981,000 | $ 18,601,000 | |
Interest income recognized | 300,000 | 158,000 | 549,000 | 364,000 | |
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 998,000 | 998,000 | 801,000 | ||
Recorded investment with no allowance | 981,000 | 981,000 | 807,000 | ||
Recorded investment with allowance | 21,000 | 21,000 | 9,000 | ||
Total recorded investment | 1,002,000 | 1,002,000 | 816,000 | ||
Related allowance | 103,000 | 103,000 | 124,000 | ||
Average investment in impaired loans | 997,000 | 1,224,000 | 937,000 | 1,293,000 | |
Interest income recognized | 18,000 | 11,000 | 31,000 | 25,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 479,000 | 479,000 | 197,000 | ||
Recorded investment with no allowance | 479,000 | 479,000 | 197,000 | ||
Total recorded investment | 479,000 | 479,000 | 197,000 | ||
Related allowance | 14,000 | 14,000 | 6,000 | ||
Average investment in impaired loans | 459,000 | 446,000 | 372,000 | 470,000 | |
Interest income recognized | 7,000 | 4,000 | 12,000 | 9,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 519,000 | 519,000 | 604,000 | ||
Recorded investment with no allowance | 502,000 | 502,000 | 610,000 | ||
Recorded investment with allowance | 21,000 | 21,000 | 9,000 | ||
Total recorded investment | 523,000 | 523,000 | 619,000 | ||
Related allowance | 89,000 | 89,000 | 118,000 | ||
Average investment in impaired loans | 538,000 | 778,000 | 565,000 | 823,000 | |
Interest income recognized | 11,000 | 7,000 | 19,000 | 16,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 16,088,000 | 16,088,000 | 13,797,000 | ||
Recorded investment with no allowance | 11,249,000 | 11,249,000 | 12,414,000 | ||
Recorded investment with allowance | 766,000 | 766,000 | 413,000 | ||
Total recorded investment | 12,015,000 | 12,015,000 | 12,827,000 | ||
Related allowance | 1,513,000 | 1,513,000 | 1,766,000 | ||
Average investment in impaired loans | 13,421,000 | 16,656,000 | 13,222,000 | 16,552,000 | |
Interest income recognized | 248,000 | 140,000 | 455,000 | 324,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 4,240,000 | 4,240,000 | 1,955,000 | ||
Recorded investment with no allowance | 3,362,000 | 3,362,000 | 1,446,000 | ||
Recorded investment with allowance | 127,000 | 127,000 | 36,000 | ||
Total recorded investment | 3,489,000 | 3,489,000 | 1,482,000 | ||
Related allowance | 593,000 | 593,000 | 268,000 | ||
Average investment in impaired loans | 3,104,000 | 9,562,000 | 2,563,000 | 9,437,000 | |
Interest income recognized | 48,000 | 80,000 | 88,000 | 185,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 6,104,000 | 6,104,000 | 7,400,000 | ||
Recorded investment with no allowance | 2,650,000 | 2,650,000 | 7,020,000 | ||
Total recorded investment | 2,650,000 | 2,650,000 | 7,020,000 | ||
Related allowance | 599,000 | ||||
Average investment in impaired loans | 5,066,000 | 2,840,000 | 5,717,000 | 2,962,000 | |
Interest income recognized | 107,000 | 24,000 | 197,000 | 58,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 5,744,000 | 5,744,000 | 4,442,000 | ||
Recorded investment with no allowance | 5,237,000 | 5,237,000 | 3,948,000 | ||
Recorded investment with allowance | 639,000 | 639,000 | 377,000 | ||
Total recorded investment | 5,876,000 | 5,876,000 | 4,325,000 | ||
Related allowance | 920,000 | 920,000 | 899,000 | ||
Average investment in impaired loans | 5,251,000 | 4,254,000 | 4,942,000 | 4,153,000 | |
Interest income recognized | 93,000 | 36,000 | 170,000 | 81,000 | |
Commercial Portfolio Segment [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 2,019,000 | 2,019,000 | 1,728,000 | ||
Recorded investment with no allowance | 2,238,000 | 2,238,000 | 1,026,000 | ||
Recorded investment with allowance | 1,102,000 | 1,102,000 | |||
Total recorded investment | 33,407,000 | 33,407,000 | 1,026,000 | ||
Related allowance | 396,000 | 396,000 | 185,000 | ||
Average investment in impaired loans | 2,220,000 | 863,000 | 1,822,000 | 756,000 | |
Interest income recognized | 34,000 | 7,000 | 63,000 | 15,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 1,824,000 | 1,824,000 | 1,227,000 | ||
Recorded investment with no allowance | 2,048,000 | 2,048,000 | 566,000 | ||
Recorded investment with allowance | 1,102,000 | 1,102,000 | |||
Total recorded investment | 3,150,000 | 3,150,000 | 566,000 | ||
Related allowance | 363,000 | 363,000 | 102,000 | ||
Average investment in impaired loans | 2,054,000 | 765,000 | 1,558,000 | 664,000 | |
Interest income recognized | 29,000 | 6,000 | 54,000 | 13,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal | 195,000 | 195,000 | 501,000 | ||
Recorded investment with no allowance | 190,000 | 190,000 | 460,000 | ||
Total recorded investment | 190,000 | 190,000 | 466,000 | ||
Related allowance | 33,000 | 33,000 | $ 83,000 | ||
Average investment in impaired loans | 166,000 | 98,000 | 264,000 | 92,000 | |
Interest income recognized | $ 5,000 | $ 1,000 | $ 9,000 | $ 2,000 |
Note 4 - Loans and Allowance 58
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings, Excluding Loans Acquired, Segregated by Class of Loans $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015USD ($) | Jun. 30, 2014 | Jun. 30, 2015USD ($) | Jun. 30, 2014 | Dec. 31, 2014USD ($) | |
Financing Receivable, Modifications [Line Items] | |||||
Number | 5 | 1 | 7 | 2 | |
Loans, Excluding Acquired Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 14 | 8 | |||
Balance | $ 3,797 | $ 3,797 | $ 3,241 | ||
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 5 | 5 | |||
Balance | 1,959 | $ 1,959 | $ 2,233 | ||
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 9 | 3 | |||
Balance | $ 1,838 | $ 1,838 | $ 1,008 | ||
Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 5 | 7 | 1 | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 4 | 6 | 1 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 14 | 8 | |||
Balance | $ 3,797 | $ 3,797 | $ 3,241 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Construction Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 1 | 1 | |||
Balance | 263 | $ 263 | $ 391 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Single Family Residential Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 8 | 3 | |||
Balance | 1,090 | $ 1,090 | $ 396 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Other Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 5 | 4 | |||
Balance | 2,444 | $ 2,444 | $ 2,454 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 5 | 5 | |||
Balance | 1,959 | $ 1,959 | $ 2,233 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Single Family Residential Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 2 | 2 | |||
Balance | 137 | $ 137 | $ 393 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Other Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 3 | 3 | |||
Balance | 1,822 | $ 1,822 | $ 1,840 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 9 | 3 | |||
Balance | 1,838 | $ 1,838 | $ 1,008 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Construction Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 1 | 1 | |||
Balance | 263 | $ 263 | $ 391 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Single Family Residential Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 6 | 1 | |||
Balance | 953 | $ 953 | $ 3 | ||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Other Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Number | 2 | 1 | |||
Balance | $ 622 | $ 622 | $ 614 |
Note 4 - Loans and Allowance 59
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | |
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Number of Loans | 5 | 1 | 7 | 2 |
Balance Prior to TDR | $ 380 | $ 599 | $ 728 | $ 1,630 |
Balance | 380 | 599 | 720 | 1,630 |
Extended Maturity [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Change in Maturity Date | $ 380 | $ 599 | $ 720 | $ 1,630 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Number of Loans | 5 | 7 | 1 | |
Balance Prior to TDR | $ 380 | $ 728 | $ 1,031 | |
Balance | 380 | 720 | 1,031 | |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Change in Maturity Date | $ 380 | $ 720 | $ 1,031 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Number of Loans | 4 | 6 | 1 | |
Balance Prior to TDR | $ 361 | $ 709 | $ 1,031 | |
Balance | 361 | 701 | 1,031 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Extended Maturity [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Change in Maturity Date | $ 361 | $ 701 | $ 1,031 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Number of Loans | 1 | 1 | ||
Balance Prior to TDR | $ 19 | $ 19 | ||
Balance | 19 | 19 | ||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Extended Maturity [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Change in Maturity Date | $ 19 | $ 19 | ||
Commercial Portfolio Segment [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Number of Loans | 1 | 1 | ||
Balance Prior to TDR | $ 599 | $ 599 | ||
Balance | 599 | 599 | ||
Commercial Portfolio Segment [Member] | Extended Maturity [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Change in Maturity Date | $ 599 | $ 599 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Number of Loans | 1 | 1 | ||
Balance Prior to TDR | $ 599 | $ 599 | ||
Balance | 599 | 599 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Extended Maturity [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Change in Maturity Date | $ 599 | $ 599 |
Note 4 - Loans and Allowance 60
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans by Credit Risk Rating, Segregated by Class of Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | $ 4,812,656 | $ 2,736,634 |
Loans acquired, not covered by FDIC loss share | 2,108,306 | 575,980 |
Loans acquired, covered by FDIC loss share | 93,121 | 106,933 |
Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 4,687,201 | 2,642,549 |
Loans acquired, not covered by FDIC loss share | 2,046,360 | 535,728 |
Loans acquired, covered by FDIC loss share | 93,121 | 106,933 |
Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 23,311 | 11,938 |
Loans acquired, not covered by FDIC loss share | 13,901 | 1,435 |
Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 100,029 | 80,152 |
Loans acquired, not covered by FDIC loss share | 46,151 | 36,958 |
Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 2,076 | 1,990 |
Loans acquired, not covered by FDIC loss share | 1,855 | 1,854 |
Risk Rate 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 39 | 5 |
Loans acquired, not covered by FDIC loss share | 39 | 5 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 334,902 | 288,782 |
Consumer Portfolio Segment [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 333,838 | 287,438 |
Consumer Portfolio Segment [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 5 | |
Consumer Portfolio Segment [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 1,056 | 1,296 |
Consumer Portfolio Segment [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 8 | 43 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 174,074 | 185,380 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 173,595 | 184,923 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 479 | 457 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 160,828 | 103,402 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 160,243 | 102,515 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 5 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 577 | 839 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 8 | 43 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 1,740,770 | 1,352,328 |
Commercial Real Estate Portfolio Segment [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 1,690,959 | 1,321,194 |
Commercial Real Estate Portfolio Segment [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 7,336 | 8,934 |
Commercial Real Estate Portfolio Segment [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 42,300 | 22,118 |
Commercial Real Estate Portfolio Segment [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 175 | 82 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 878,109 | 714,797 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 846,907 | 698,329 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 5,206 | 7,074 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 25,996 | 9,394 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 199,707 | 181,968 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 192,697 | 176,825 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 514 | 84 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 6,496 | 5,059 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 662,954 | 455,563 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 651,355 | 446,040 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 1,616 | 1,776 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 9,808 | 7,665 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 175 | 82 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 530,371 | 407,478 |
Commercial Portfolio Segment [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 517,775 | 386,123 |
Commercial Portfolio Segment [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 2,074 | 1,564 |
Commercial Portfolio Segment [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 10,484 | 19,780 |
Commercial Portfolio Segment [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 38 | 11 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 388,869 | 291,820 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 377,144 | 271,017 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 1,374 | 1,544 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 10,313 | 19,248 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 38 | 11 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 141,502 | 115,658 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 140,631 | 115,106 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 700 | 20 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 171 | 532 |
Unallocated Financing Receivables [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 5,186 | 5,133 |
Unallocated Financing Receivables [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 5,148 | $ 5,133 |
Unallocated Financing Receivables [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | $ 38 |
Note 4 - Loans and Allowance 61
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | $ (1,018) | $ (1,055) | $ (2,034) | $ (2,422) |
Consumer Portfolio Segment [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | (740) | (803) | (1,399) | (1,375) |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | (561) | (510) | (1,133) | (1,055) |
Consumer Portfolio Segment [Member] | Student Loan [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | (20) | (29) | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | (179) | (273) | (266) | (291) |
Commercial Real Estate Portfolio Segment [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | (287) | (82) | (568) | (809) |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | (184) | (11) | (214) | (7) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | (29) | (24) | (29) | (444) |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | (74) | (47) | (325) | (358) |
Commercial Portfolio Segment [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | 9 | (170) | (67) | (238) |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | $ (170) | (76) | (220) | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||
Note 4 - Loans and Allowance for Loan Losses (Details) - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans [Line Items] | ||||
Loans Receivable | $ 9 | $ 9 | $ (18) |
Note 4 - Loans and Allowance 62
Note 4 - Loans and Allowance for Loan Losses (Details) - Activity in the Allowance for Loan Losses, by Portfolio Segment, for the Current Year: - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||
Balance, beginning of period | $ 29,028,000 | ||||||
Provision for loan losses | $ 3,006,000 | $ 1,602,000 | 4,177,000 | $ 2,510,000 | |||
Balance | 30,567,000 | 30,567,000 | |||||
Loans, Excluding Acquired Loans [Member] | |||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||
Balance, beginning of period | 29,183,000 | [1] | 26,983,000 | 29,028,000 | [1],[2] | 27,442,000 | |
Provision for loan losses | 2,402,000 | [3] | 1,602,000 | 3,573,000 | [3] | 2,510,000 | |
Charge-offs | (1,501,000) | (2,481,000) | (3,044,000) | (4,562,000) | |||
Recoveries | 483,000 | 1,426,000 | 1,010,000 | 2,140,000 | |||
Net charge-offs | (1,018,000) | (1,055,000) | (2,034,000) | (2,422,000) | |||
Balance | 30,567,000 | [1] | 27,530,000 | 30,567,000 | [1] | 27,530,000 | |
Period-end amount allocated to: | |||||||
Loans individually evaluated for impairment | 2,012,000 | 2,012,000 | 2,012,000 | 2,012,000 | $ 2,065,000 | ||
Loans collectively evaluated for impairment | 28,555,000 | 25,518,000 | 28,555,000 | 25,518,000 | 26,963,000 | ||
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | |||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||
Balance, beginning of period | 6,870,000 | [1] | 3,508,000 | 6,962,000 | [1],[2] | 3,205,000 | |
Provision for loan losses | (1,569,000) | [3] | 613,000 | (1,585,000) | [3] | 984,000 | |
Charge-offs | (186,000) | (245,000) | (268,000) | ||||
Recoveries | 9,000 | 16,000 | 178,000 | 30,000 | |||
Net charge-offs | 9,000 | (170,000) | (67,000) | (238,000) | |||
Balance | 5,310,000 | [1] | 3,951,000 | 5,310,000 | [1] | 3,951,000 | |
Period-end amount allocated to: | |||||||
Loans individually evaluated for impairment | 396,000 | 136,000 | 396,000 | 136,000 | 185,000 | ||
Loans collectively evaluated for impairment | 4,914,000 | 3,815,000 | 4,914,000 | 3,815,000 | 6,777,000 | ||
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||
Balance, beginning of period | 15,553,000 | [1] | 16,393,000 | 15,161,000 | [1],[2] | 16,885,000 | |
Provision for loan losses | 3,311,000 | [3] | (142,000) | 3,984,000 | [3] | 93,000 | |
Charge-offs | (333,000) | (1,144,000) | (626,000) | (2,179,000) | |||
Recoveries | 46,000 | 1,062,000 | 58,000 | 1,370,000 | |||
Net charge-offs | (287,000) | (82,000) | (568,000) | (809,000) | |||
Balance | 18,577,000 | [1] | 16,169,000 | 18,577,000 | [1] | 16,169,000 | |
Period-end amount allocated to: | |||||||
Loans individually evaluated for impairment | 1,513,000 | 1,697,000 | 1,513,000 | 1,697,000 | 1,756,000 | ||
Loans collectively evaluated for impairment | 17,064,000 | 14,472,000 | 17,064,000 | 14,472,000 | 13,405,000 | ||
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | |||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||
Balance, beginning of period | 5,527,000 | [1] | 5,444,000 | 5,445,000 | [1],[2] | 5,430,000 | |
Provision for loan losses | 352,000 | [3] | 576,000 | 1,006,000 | [3] | 1,135,000 | |
Charge-offs | (802,000) | (725,000) | (1,587,000) | (1,541,000) | |||
Recoveries | 241,000 | 215,000 | 454,000 | 486,000 | |||
Net charge-offs | (561,000) | (510,000) | (1,133,000) | (1,055,000) | |||
Balance | 5,318,000 | [1] | 5,510,000 | 5,318,000 | [1] | 5,510,000 | |
Period-end amount allocated to: | |||||||
Loans individually evaluated for impairment | 14,000 | 13,000 | 14,000 | 13,000 | 6,000 | ||
Loans collectively evaluated for impairment | 5,304,000 | 5,497,000 | 5,304,000 | 5,497,000 | 5,439,000 | ||
Loans, Excluding Acquired Loans [Member] | Unallocated Financing Receivables [Member] | |||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||
Balance, beginning of period | 1,233,000 | [1] | 1,638,000 | 1,460,000 | [1],[2] | 1,922,000 | |
Provision for loan losses | 308,000 | [3] | 555,000 | 168,000 | [3] | 298,000 | |
Charge-offs | (366,000) | (426,000) | (586,000) | (574,000) | |||
Recoveries | 187,000 | 133,000 | 320,000 | 254,000 | |||
Net charge-offs | (179,000) | (293,000) | (266,000) | (320,000) | |||
Balance | 1,362,000 | [1] | 1,900,000 | 1,362,000 | [1] | 1,900,000 | |
Period-end amount allocated to: | |||||||
Loans individually evaluated for impairment | 89,000 | 166,000 | 89,000 | 166,000 | 118,000 | ||
Loans collectively evaluated for impairment | $ 1,273,000 | $ 1,734,000 | $ 1,273,000 | $ 1,734,000 | $ 1,342,000 | ||
[1] | Allowance for loan losses at March 31, 2015, June 30, 2015 and December 31, 2014 includes $954,000 allowance for loans acquired, covered by loss share. The total allowance for loan losses at March 31, 2015, June 30, 2015 and December 31, 2014 was $30,137,000, $31,521,000 and $29,982,000, respectively. | ||||||
[2] | Allowance for loan losses at December 31, 2014 includes $954,000 allowance for loans acquired, covered by loss share. The total allowance for loan losses at December 31, 2014 was $29,982,000. | ||||||
[3] | Provision for loan losses of $604,000 attributable to loans acquired, not covered by loss share, was excluded from this table for the three and six months ended June 30, 2015 (total provision for loan losses for the three and six months ended June 30, 2015 was $3,006,000 and $4,177,000). The $604,000 was subsequently charged-off, resulting in no ending balance in the allowance related to loans acquired, not covered by loss share. |
Note 4 - Loans and Allowance 63
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Balance, end of period | $ 4,812,656 | $ 2,736,634 |
Commercial Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Balance, end of period | 530,371 | 407,478 |
Commercial Real Estate Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Balance, end of period | 1,740,770 | 1,352,328 |
Consumer Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Balance, end of period | 334,902 | 288,782 |
Unallocated Financing Receivables [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Balance, end of period | 5,186 | 5,133 |
Loans, Excluding Acquired Loans [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Loans individually evaluated for impairment | 16,357 | 14,669 |
Loans collectively evaluated for impairment | 2,594,872 | 2,039,052 |
Balance, end of period | 2,611,229 | 2,053,721 |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Loans individually evaluated for impairment | 3,340 | 1,026 |
Loans collectively evaluated for impairment | 527,031 | 406,452 |
Balance, end of period | 530,371 | 407,478 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Loans individually evaluated for impairment | 12,015 | 12,827 |
Loans collectively evaluated for impairment | 1,728,755 | 1,339,501 |
Balance, end of period | 1,740,770 | 1,352,328 |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Loans individually evaluated for impairment | 479 | 197 |
Loans collectively evaluated for impairment | 173,595 | 185,183 |
Balance, end of period | 174,074 | 185,380 |
Loans, Excluding Acquired Loans [Member] | Unallocated Financing Receivables [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans, Excluding Loans Acquired [Line Items] | ||
Loans individually evaluated for impairment | 523 | 619 |
Loans collectively evaluated for impairment | 165,491 | 107,916 |
Balance, end of period | $ 166,014 | $ 108,535 |
Note 5 - Loans Acquired (Detail
Note 5 - Loans Acquired (Details) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2015 | |
Note 5 - Loans Acquired (Details) [Line Items] | ||||
Acquired Loans, Covered By FDIC Loss Share Agreements | $ 93,100,000 | $ 106,900,000 | ||
Allowance for Loan and Lease Losses, Loans Acquired | 1,000,000 | |||
Certain Loans Acquired In Transfer Accretable Yield Adjustment | 15,300,000 | |||
FDIC Indemnification Asset Accretable Yield Adjustment | 6,600,000 | |||
Covered Purchased Impaired Loans, Allowance | 1,000,000 | 1,000,000 | ||
Scenario, Forecast [Member] | ||||
Note 5 - Loans Acquired (Details) [Line Items] | ||||
Certain Loans Acquired In Transfer Accretable Yield Adjustment Current Year Increase Decrease | $ 5,800,000 | |||
FDIC Indemnification Asset Accretable Yield Adjustment Current Year Increase Decrease | (5,400,000) | |||
Net Addition to Pre-tax Income Due to Remaining Accretable Yield Adjustments | $ 400,000 | |||
Loans Acquired, Not Covered By FDIC Loss Share [Member] | ||||
Note 5 - Loans Acquired (Details) [Line Items] | ||||
Allowance for Loan and Lease Losses, Loans Acquired | $ 0 | $ 0 | ||
Liberty Bancshares, Inc. [Member] | ||||
Note 5 - Loans Acquired (Details) [Line Items] | ||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Not Covered by FDIC Loss Share | $ 769,900,000 | |||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Gross | 774,800,000 | |||
Loans Acquired Discount | 4,900,000 | |||
Liberty Bancshares, Inc. [Member] | Purchased Credit Impaired Loans [Member] | ||||
Note 5 - Loans Acquired (Details) [Line Items] | ||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Not Covered by FDIC Loss Share | 10,700,000 | |||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Gross | 15,700,000 | |||
Loans Acquired Discount | 5,000,000 | |||
Community First Bancshares, Inc. [Member] | ||||
Note 5 - Loans Acquired (Details) [Line Items] | ||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Not Covered by FDIC Loss Share | 1,130,000,000 | |||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Gross | 1,150,000,000 | |||
Loans Acquired Discount | 23,700,000 | |||
Community First Bancshares, Inc. [Member] | Purchased Credit Impaired Loans [Member] | ||||
Note 5 - Loans Acquired (Details) [Line Items] | ||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Not Covered by FDIC Loss Share | 7,000,000 | |||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Gross | 10,100,000 | |||
Loans Acquired Discount | $ 3,100,000 |
Note 5 - Loans Acquired (Deta65
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | |
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | [1] | $ 2,201,427 | $ 682,913 |
Consumer Portfolio Segment [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 107,149 | 8,514 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 107,149 | 8,514 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 1,805,923 | 613,758 | |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 1,057,280 | 390,877 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 119,530 | 46,911 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 629,113 | 175,970 | |
Commercial Portfolio Segment [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 155,152 | 60,641 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 239,355 | 56,134 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | 15,797 | $ 4,507 | |
Unallocated Financing Receivables [Member] | |||
Note 5 - Loans Acquired (Details) - Carrying Value of all Acquired Impaired Loans [Line Items] | |||
Acquired loans | $ 33,203 | ||
[1] | Loans acquired include $93.1 million and $106.9 million (each net of $1.0 million allowance) of loans covered by FDIC loss share agreements at June 30, 2015 and December 31, 2014, respectively. |
Note 5 - Loans Acquired (Deta66
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans - Acquired Loans [Member] - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | $ 8,883 | $ 2,717 |
Consumer Portfolio Segment [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 83 | 29 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 83 | 29 |
Commercial Real Estate Portfolio Segment [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 7,852 | 2,394 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 2,905 | 271 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 151 | 105 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 4,796 | 2,018 |
Commercial Portfolio Segment [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 902 | 294 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 884 | 291 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | 18 | $ 3 |
Unallocated Financing Receivables [Member] | ||
Note 5 - Loans Acquired (Details) - Nonaccrual Acquired Loans [Line Items] | ||
Nonaccrual acquired loans | $ 46 |
Note 5 - Loans Acquired (Deta67
Note 5 - Loans Acquired (Details) - Age Analysis of Past Due Acquired Loans, Excluding Loans Covered by Loss Share - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | $ 4,810,000 | $ 2,740,000 |
Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 41,031 | 15,151 |
Past due acquired loans, current | 2,067,275 | 560,829 |
Past due acquired loans, total loans | 2,108,306 | 575,980 |
Past due acquired loans, 90 days past due and accruing | 2,800 | 599 |
Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 25,397 | 5,691 |
Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 15,634 | 9,460 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 334,902 | 288,782 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 160,828 | 103,402 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 507 | 104 |
Past due acquired loans, current | 106,639 | 8,407 |
Past due acquired loans, total loans | 107,146 | 8,511 |
Past due acquired loans, 90 days past due and accruing | 33 | 5 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 434 | 70 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 73 | 34 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 507 | 104 |
Past due acquired loans, current | 106,639 | 8,407 |
Past due acquired loans, total loans | 107,146 | 8,511 |
Past due acquired loans, 90 days past due and accruing | 33 | 5 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 434 | 70 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 73 | 34 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 1,740,770 | 1,352,328 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 878,109 | 714,797 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 199,707 | 181,968 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 662,954 | 455,563 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 32,975 | 14,516 |
Past due acquired loans, current | 1,685,038 | 501,592 |
Past due acquired loans, total loans | 1,718,013 | 516,108 |
Past due acquired loans, 90 days past due and accruing | 2,710 | 594 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 21,196 | 5,511 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 11,779 | 9,005 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 12,154 | 7,409 |
Past due acquired loans, current | 990,074 | 326,759 |
Past due acquired loans, total loans | 1,002,228 | 334,168 |
Past due acquired loans, 90 days past due and accruing | 333 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 6,406 | 1,415 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 5,748 | 5,994 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 2,403 | 397 |
Past due acquired loans, current | 111,532 | 36,450 |
Past due acquired loans, total loans | 113,935 | 36,847 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 2,298 | 292 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 105 | 105 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 18,418 | 6,710 |
Past due acquired loans, current | 583,432 | 138,383 |
Past due acquired loans, total loans | 601,850 | 145,093 |
Past due acquired loans, 90 days past due and accruing | 2,377 | 594 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 12,492 | 3,804 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 5,926 | 2,906 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 530,371 | 407,478 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 388,869 | 291,820 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 141,502 | 115,658 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 7,549 | 531 |
Past due acquired loans, current | 242,395 | 50,830 |
Past due acquired loans, total loans | 249,944 | 51,361 |
Past due acquired loans, 90 days past due and accruing | 57 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 3,767 | 110 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 3,782 | 421 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 7,444 | 531 |
Past due acquired loans, current | 226,737 | 46,730 |
Past due acquired loans, total loans | 234,181 | 47,261 |
Past due acquired loans, 90 days past due and accruing | 51 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 3,668 | 110 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 3,776 | 421 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 105 | |
Past due acquired loans, current | 15,658 | 4,100 |
Past due acquired loans, total loans | 15,763 | 4,100 |
Past due acquired loans, 90 days past due and accruing | 6 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 99 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total past due | 6 | |
Unallocated Financing Receivables [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, total loans | 5,186 | $ 5,133 |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due acquired loans, current | 33,203 | |
Past due acquired loans, total loans | $ 33,203 |
Note 5 - Loans Acquired (Deta68
Note 5 - Loans Acquired (Details) - Summary of Acquired Loans, Excluding Loans Covered by Loss Share - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | $ 4,812,656 | $ 2,736,634 |
Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 4,687,201 | 2,642,549 |
Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 23,311 | 11,938 |
Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 100,029 | 80,152 |
Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 2,076 | 1,990 |
Risk Rate 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 39 | 5 |
Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 2,108,306 | 575,980 |
Acquired Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 2,046,360 | 535,729 |
Acquired Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 13,901 | 1,435 |
Acquired Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 46,151 | 36,957 |
Acquired Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,855 | 1,854 |
Acquired Loans [Member] | Risk Rate 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 39 | 5 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 334,902 | 288,782 |
Consumer Portfolio Segment [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 333,838 | 287,438 |
Consumer Portfolio Segment [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 5 | |
Consumer Portfolio Segment [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,056 | 1,296 |
Consumer Portfolio Segment [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 8 | 43 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 160,828 | 103,402 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 160,243 | 102,515 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 5 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 577 | 839 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 8 | 43 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 107,146 | 8,511 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 106,784 | 8,479 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 362 | 32 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 107,146 | 8,511 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 106,784 | 8,479 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 362 | 32 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,740,770 | 1,352,328 |
Commercial Real Estate Portfolio Segment [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,690,959 | 1,321,194 |
Commercial Real Estate Portfolio Segment [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 7,336 | 8,934 |
Commercial Real Estate Portfolio Segment [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 42,300 | 22,118 |
Commercial Real Estate Portfolio Segment [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 175 | 82 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 878,109 | 714,797 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 846,907 | 698,329 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 5,206 | 7,074 |
Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 25,996 | 9,394 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 199,707 | 181,968 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 192,697 | 176,825 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 514 | 84 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 6,496 | 5,059 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 662,954 | 455,563 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 651,355 | 446,040 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,616 | 1,776 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 9,808 | 7,665 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 175 | 82 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,718,015 | 516,108 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,667,529 | 480,635 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 11,300 | 1,366 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 37,327 | 32,248 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,833 | 1,854 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 26 | 5 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,002,230 | 334,168 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 972,522 | 317,965 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 9,047 | 605 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 20,661 | 15,598 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 113,936 | 36,847 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 108,222 | 27,430 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 120 | 78 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 5,594 | 9,339 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 601,849 | 145,093 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 586,785 | 135,240 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 2,133 | 683 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 11,072 | 7,311 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,833 | 1,854 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Risk Rate 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 26 | 5 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 530,371 | 407,478 |
Commercial Portfolio Segment [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 517,775 | 386,123 |
Commercial Portfolio Segment [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 2,074 | 1,564 |
Commercial Portfolio Segment [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 10,484 | 19,780 |
Commercial Portfolio Segment [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 38 | 11 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 388,869 | 291,820 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 377,144 | 271,017 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 1,374 | 1,544 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 10,313 | 19,248 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 38 | 11 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 141,502 | 115,658 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 140,631 | 115,106 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 700 | 20 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 171 | 532 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 249,942 | 51,361 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 238,890 | 46,615 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 2,601 | 69 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 8,416 | 4,677 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 22 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Risk Rate 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 13 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 234,179 | 47,261 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 223,674 | 43,585 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Risk Rate 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 2,601 | 69 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 7,882 | 3,607 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Risk Rate 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 22 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 15,763 | 4,100 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 15,216 | 3,030 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 534 | 1,070 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Risk Rate 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 13 | |
Unallocated Financing Receivables [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 5,186 | 5,133 |
Unallocated Financing Receivables [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 5,148 | $ 5,133 |
Unallocated Financing Receivables [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 38 | |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 33,203 | |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Risk Rate 1-4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | 33,157 | |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Risk Rate 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Acquired loans | $ 46 |
Note 5 - Loans Acquired (Deta69
Note 5 - Loans Acquired (Details) - Summary of the Non-covered Impaired Loans Acquired in Acquisitions - Loans Acquired, Not Covered By FDIC Loss Share [Member] $ in Thousands | Feb. 27, 2015USD ($) |
Liberty [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Contractually required principal and interest at acquisition | $ 774,777 |
Cash flows expected to be collected at acquisition | 774,777 |
Accretable yield | (4,869) |
Basis in acquired loans at acquisition | 769,908 |
Liberty [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Contractually required principal and interest at acquisition | 15,716 |
Non-accretable difference (expected losses and foregone interest) | (4,978) |
Cash flows expected to be collected at acquisition | 10,738 |
Accretable yield | 12 |
Basis in acquired loans at acquisition | 10,750 |
Community First Bancshares, Inc. [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Contractually required principal and interest at acquisition | 1,153,255 |
Cash flows expected to be collected at acquisition | 1,153,255 |
Accretable yield | (23,712) |
Basis in acquired loans at acquisition | 1,129,543 |
Community First Bancshares, Inc. [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Contractually required principal and interest at acquisition | 10,143 |
Non-accretable difference (expected losses and foregone interest) | (3,247) |
Cash flows expected to be collected at acquisition | 6,896 |
Accretable yield | 104 |
Basis in acquired loans at acquisition | $ 7,000 |
Note 5 - Loans Acquired (Deta70
Note 5 - Loans Acquired (Details) - Impact of the Adjustments on the Company's Financial Results for the Following Reporting Periods - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Impact of the Adjustments on the Company's Financial Results for the Following Reporting Periods [Abstract] | ||||
Impact on net interest income | $ 3,223 | $ 5,856 | $ 9,325 | $ 13,247 |
Non-interest income | (2,941) | (6,410) | (5,686) | (13,850) |
Net impact to pre-tax income | 282 | (554) | 3,639 | (603) |
Net impact, net of taxes | $ 171 | $ (337) | $ 2,212 | $ (366) |
Note 5 - Loans Acquired (Deta71
Note 5 - Loans Acquired (Details) - Changes in the Carrying Amount of the Accretable Yield for All Purchased Impaired and Non-Impaired Loans - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Changes in the Carrying Amount of the Accretable Yield for All Purchased Impaired and Non-Impaired Loans [Abstract] | ||||
Beginning balance | $ 17,226 | $ 33,542 | $ 20,635 | $ 41,385 |
Beginning balance | 177,691 | 218,532 | 169,098 | 234,785 |
Additions | (116) | |||
Additions | 17,750 | |||
Accretable yield adjustments | 2,369 | 3,928 | 5,443 | 5,411 |
Accretion | (4,547) | (6,180) | (10,914) | (15,506) |
Accretion | 4,547 | 6,180 | 10,914 | 15,506 |
Payments and other reductions, net | (22,144) | (32,619) | (37,668) | (58,198) |
Balance, ending | 15,048 | 31,290 | 15,048 | 31,290 |
Balance, ending | $ 160,094 | $ 192,093 | $ 160,094 | $ 192,093 |
Note 5 - Loans Acquired (Deta72
Note 5 - Loans Acquired (Details) - Summary of the Changes in the FDIC True-Up Provision - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Summary of the Changes in the FDIC True-Up Provision [Abstract] | ||||
Balance | $ 8,602 | $ 7,253 | $ 8,308 | $ 6,768 |
Amortization expense | 40 | 41 | 80 | 84 |
Adjustments related to changes in expected losses | 279 | 474 | 533 | 916 |
Balance | $ 8,921 | $ 7,768 | $ 8,921 | $ 7,768 |
Note 6 - Goodwill and Other I73
Note 6 - Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2013 | Mar. 31, 2015 | Jun. 30, 2015 | Feb. 27, 2015 | Dec. 31, 2014 |
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Goodwill | $ 314,282 | $ 108,095 | |||
Community First Bancshares, Inc. [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Goodwill | $ 111,300 | ||||
Goodwill, Acquired During Period | 111,300 | ||||
Liberty Bancshares, Inc. [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Goodwill | $ 95,608 | ||||
Goodwill, Acquired During Period | $ 95,600 | ||||
Core Deposit Premium [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||||
Core Deposit Premium [Member] | Community First Bancshares, Inc. [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Finite-lived Intangible Assets Acquired | $ 11,300 | ||||
Core Deposit Premium [Member] | Liberty Bancshares, Inc. [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Finite-lived Intangible Assets Acquired | 14,600 | ||||
Books of Business Intangible [Member] | Community First Bancshares, Inc. [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Finite-lived Intangible Assets Acquired | 400 | ||||
Books of Business Intangible [Member] | Delta Acquisition [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Finite-lived Intangible Assets Acquired | $ 5,100 | ||||
Books of Business Intangible [Member] | Minimum [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||||
Books of Business Intangible [Member] | Maximum [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Finite-Lived Intangible Asset, Useful Life | 15 years | ||||
Purchased Credit Card Relationships [Member] | |||||
Note 6 - Goodwill and Other Intangible Assets (Details) [Line Items] | |||||
Finite-Lived Intangible Asset, Useful Life | 5 years | ||||
Finite-lived Intangible Assets Acquired | $ 2,100 |
Note 6 - Goodwill and Other I74
Note 6 - Goodwill and Other Intangible Assets (Details) - Goodwill and Other Intangibles - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Note 6 - Goodwill and Other Intangible Assets (Details) - Goodwill and Other Intangibles [Line Items] | ||
Goodwill | $ 314,282 | $ 108,095 |
Core deposit premiums: | ||
Net carrying amount | 46,605 | |
Total goodwill and other intangible assets | 360,887 | 130,621 |
Core Deposit Premium [Member] | ||
Core deposit premiums: | ||
Gross carrying amount | 44,030 | 18,318 |
Accumulated amortization | (4,040) | (2,386) |
Net carrying amount | 39,990 | 15,932 |
Purchased Credit Card Relationships [Member] | ||
Core deposit premiums: | ||
Gross carrying amount | 2,068 | 2,068 |
Accumulated amortization | (724) | (517) |
Net carrying amount | 1,344 | 1,551 |
Books of Business Intangible [Member] | ||
Core deposit premiums: | ||
Gross carrying amount | 5,560 | 5,140 |
Accumulated amortization | (289) | (97) |
Net carrying amount | 5,271 | 5,043 |
Other Intangible Assets [Member] | ||
Core deposit premiums: | ||
Net carrying amount | $ 46,605 | $ 22,526 |
Note 6 - Goodwill and Other I75
Note 6 - Goodwill and Other Intangible Assets (Details) - Amortization Expense $ in Thousands | Jun. 30, 2015USD ($) |
Amortization Expense [Abstract] | |
Remainder of 2015 | $ 2,633 |
2,016 | 5,240 |
2,017 | 5,240 |
2,018 | 5,137 |
2,019 | 4,826 |
Thereafter | 23,529 |
Total | $ 46,605 |
Note 7 - Time Deposits (Details
Note 7 - Time Deposits (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Disclosure Text Block [Abstract] | ||
Time Deposits, $100,000 or More | $ 439,793,000 | $ 434,297,000 |
Time Deposit,$250,000 or More | $ 188,273,000 | $ 106,603,000 |
Note 8 - Income Taxes (Details)
Note 8 - Income Taxes (Details) - Earliest Tax Year [Member] | 6 Months Ended |
Jun. 30, 2015 | |
Domestic Tax Authority [Member] | |
Note 8 - Income Taxes (Details) [Line Items] | |
Open Tax Year | 2,011 |
State and Local Jurisdiction [Member] | |
Note 8 - Income Taxes (Details) [Line Items] | |
Open Tax Year | 2,008 |
Note 8 - Income Taxes (Detail78
Note 8 - Income Taxes (Details) - Provision for Income Taxes - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Provision for Income Taxes [Abstract] | ||||
Income taxes currently payable | $ 16,204 | $ 8,539 | ||
Deferred income taxes | (1,772) | (3,143) | ||
Provision for income taxes | $ 10,250 | $ 4,464 | $ 14,432 | $ 5,396 |
Note 8 - Income Taxes (Detail79
Note 8 - Income Taxes (Details) - Tax Effects of Temporary Differences Related to Deferred Taxes Included in Other Liabilities: - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Deferred tax assets: | ||
Loans acquired | $ 30,715 | $ 16,925 |
FDIC true-up liability | 2,802 | 2,792 |
Allowance for loan losses | 11,602 | 11,749 |
Valuation of foreclosed assets | 15,249 | 14,167 |
Tax NOLs from acquisition | 11,819 | 11,819 |
Deferred compensation payable | 2,609 | 1,536 |
Vacation compensation | 1,597 | 1,456 |
Accumulated depreciation | 1,937 | |
Loan interest | 2,197 | 1,693 |
Accrued pension and profit sharing | 1,793 | 1,793 |
Accrued equity and other compensation | 4,821 | 3,356 |
Acquired securities | 2,083 | 2,568 |
Accrued merger related costs | 2,464 | 2,464 |
Basis difference in partnership investments | 840 | 617 |
Unrealized loss on available-for-sale securities | 904 | 862 |
Other | 3,310 | 1,666 |
Gross deferred tax assets | 94,805 | 77,400 |
Deferred tax liabilities: | ||
Goodwill and other intangible amortization | (25,817) | (16,953) |
FDIC acquired assets | (601) | (4,377) |
Deferred loan fee income and expenses, net | (1,979) | (1,515) |
FHLB stock dividends | (2,227) | (1,160) |
Limitations under IRC Sec 382 | (10,510) | (11,169) |
Prepayment liabilities | (1,979) | (1,141) |
Accumulated depreciation | (661) | |
Other | (563) | (337) |
Gross deferred tax liabilities | (44,337) | (36,652) |
Net deferred tax asset, included in other assets | $ 50,468 | $ 40,748 |
Note 8 - Income Taxes (Detail80
Note 8 - Income Taxes (Details) - Reconciliation of Income Tax Expense - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Reconciliation of Income Tax Expense [Abstract] | ||||
Computed at the statutory rate (35%) | $ 15,142 | $ 6,880 | ||
Increase (decrease) in taxes resulting from: | ||||
State income taxes, net of federal tax benefit | 1,432 | 460 | ||
Tax exempt interest income | (2,284) | (1,868) | ||
Tax exempt earnings on BOLI | (364) | (247) | ||
Merger related expenses | 569 | |||
Federal tax credits | (276) | |||
Other differences, net | 213 | 171 | ||
Actual tax provision | $ 10,250 | $ 4,464 | $ 14,432 | $ 5,396 |
Note 8 - Income Taxes (Detail81
Note 8 - Income Taxes (Details) - Reconciliation of Income Tax Expense (Parentheticals) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Reconciliation of Income Tax Expense [Abstract] | ||
Statutory rate | 35.00% | 35.00% |
Note 9 - Securities Sold Unde82
Note 9 - Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Millions | Jun. 30, 2015 | Dec. 31, 2014 |
Disclosure Text Block [Abstract] | ||
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | $ 105.7 | $ 100.8 |
Note 9 - Securities Sold Unde83
Note 9 - Securities Sold Under Agreements to Repurchase (Details) - Contractual Maturity of the Agreements - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Repurchase agreements: | ||
U.S. Government agencies | $ 105,700 | $ 100,800 |
US Government Agencies Debt Securities [Member] | ||
Repurchase agreements: | ||
U.S. Government agencies | 105,682 | 100,771 |
Maturity Overnight [Member] | US Government Agencies Debt Securities [Member] | ||
Repurchase agreements: | ||
U.S. Government agencies | 98,361 | 93,454 |
Maturity Greater than 90 Days [Member] | US Government Agencies Debt Securities [Member] | ||
Repurchase agreements: | ||
U.S. Government agencies | $ 7,321 | $ 7,317 |
Note 10 - Other Borrowings an84
Note 10 - Other Borrowings and Subordinated Debentures (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Dec. 31, 2013 | Jun. 30, 2015 | Dec. 31, 2014 | |
Note 10 - Other Borrowings and Subordinated Debentures (Details) [Line Items] | |||
Unsecured Debt | $ 41,572 | $ 43,100 | |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | 31,300 | ||
Advances from Federal Home Loan Banks | 129,700 | ||
Advances from Federal Home Loan Bank Available | 796,700 | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 931,100 | ||
Metropolitan [Member] | |||
Note 10 - Other Borrowings and Subordinated Debentures (Details) [Line Items] | |||
Unsecured Debt | $ 46,000 | ||
Debt Instrument, Term | 3 years |
Note 10 - Other Borrowings an85
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Other Borrowings | ||
Notes payable, due 7/31/2015 to 12/31/2016, 3.25%, floating rate, unsecured | $ 41,572 | $ 43,100 |
171,321 | 114,682 | |
Subordinated Debentures | ||
Trust preferred securities | 61,794 | 20,620 |
Total other borrowings and subordinated debentures | 233,115 | 135,302 |
Federal Home Loan Bank Advances [Member] | ||
Other Borrowings | ||
FHLB advances, net of discount, due 2015 to 2033, 0.35% to 7.38% secured by residential real estate loans | 129,749 | 71,582 |
Trust Preferred Securities Due 12/30/2033 [Member] | ||
Subordinated Debentures | ||
Trust preferred securities | 20,620 | $ 20,620 |
Trust Preferred Securities Due 6/30/2035 [Member] | ||
Subordinated Debentures | ||
Trust preferred securities | 11,110 | |
Trust Preferred Securities Due 9/15/2037 [Member] | ||
Subordinated Debentures | ||
Trust preferred securities | 9,898 | |
Trust Preferred Securities Due 12/3/2033 [Member] | ||
Subordinated Debentures | ||
Trust preferred securities | 5,169 | |
Trust Preferred Securities Due 12/13/2034 [Member] | ||
Subordinated Debentures | ||
Trust preferred securities | 5,041 | |
Trust Preferred Securities, Due 6/6/2037 [Member] | ||
Subordinated Debentures | ||
Trust preferred securities | $ 9,956 |
Note 10 - Other Borrowings an86
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
Floating rate | 3.25% | 3.25% |
Trust Preferred Securities Due 12/30/2033 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
Floating rate | 2.80% | 2.80% |
Trust Preferred Securities Due 6/30/2035 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
Floating rate | 1.75% | |
Trust Preferred Securities Due 9/15/2037 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
Floating rate | 1.37% | |
Trust Preferred Securities Due 12/3/2033 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
Floating rate | 2.88% | |
Trust Preferred Securities Due 12/13/2034 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
Floating rate | 2.00% | |
Trust Preferred Securities, Due 6/6/2037 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
Floating rate | 1.57% | |
Minimum [Member] | Federal Home Loan Bank Advances [Member] | ||
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
FHLB advances, interest rate | 0.35% | 0.35% |
Maximum [Member] | Federal Home Loan Bank Advances [Member] | ||
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Debt (Parentheticals) [Line Items] | ||
FHLB advances, interest rate | 7.38% | 7.38% |
Note 10 - Other Borrowings an87
Note 10 - Other Borrowings and Subordinated Debentures (Details) - Aggregate Annual Maturities of Long-Term Debt $ in Thousands | Jun. 30, 2015USD ($) |
Aggregate Annual Maturities of Long-Term Debt [Abstract] | |
2,015 | $ 40,545 |
2,016 | 33,157 |
2,017 | 75,417 |
2,018 | 6,555 |
2,019 | 2,742 |
Thereafter | 74,699 |
Total | $ 233,115 |
Note 12 - Common Stock (Details
Note 12 - Common Stock (Details) - USD ($) $ in Millions | Jun. 30, 2015 | Mar. 04, 2014 | Dec. 31, 2012 |
Capital Stock Disclosure [Abstract] | |||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 850,000 | ||
Percent of Oustanding Stock | 5.00% | ||
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 154,136 | ||
Shelf Registration Statement Max Capital Allowed to Raise (in Dollars) | $ 300 |
Note 13 - Undivided Profits (De
Note 13 - Undivided Profits (Details) - Jun. 30, 2015 - USD ($) $ in Millions | Total |
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract] | |
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval (in Dollars) | $ 22.8 |
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 | 8.00% |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% |
Common Equity Tier 1 Ratio Required to be Well Capitalized | 6.50% |
Capital to Risk Weighted Assets | 13.63% |
Note 14 - Stock Based Compens90
Note 14 - Stock Based Compensation (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Allocated Share-based Compensation Expense | $ 1,077,000 | $ 655,000 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 728,000 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 3,212,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 2,404,000 | |
Share Price (in Dollars per share) | $ 46.68 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 1,270,000 | $ 471,000 |
Note 14 - Stock Based Compens91
Note 14 - Stock Based Compensation (Details) - Stock Compensation Plans | 6 Months Ended |
Jun. 30, 2015$ / sharesshares | |
Stock Compensation Plans [Abstract] | |
Stock Options Outstanding, Number of Shares | 119,690 |
Stock Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $ / shares | $ 27.72 |
Non-Vested Stock Awards Outstanding, Number of Shares | 226,932 |
Non-Vested Stock Awards Outstanding, Weighted Average Grant-Date Fair-Value (in Dollars per share) | $ / shares | $ 31.88 |
Exercisable, June 30, 2015 | 117,661 |
Exercisable, June 30, 2015 (in Dollars per share) | $ / shares | $ 26.25 |
Granted | 113,695 |
Granted (in Dollars per share) | $ / shares | $ 42.76 |
Granted | 62,225 |
Granted (in Dollars per share) | $ / shares | $ 41.19 |
Stock Options Exercised | (52,929) |
Stock Options Exercised (in Dollars per share) | $ / shares | $ 22.69 |
Stock Options from Acquisitions | 65,850 |
Stock Options from Acquisitions | 20.43 |
Stock Awards Vested | (79,607) |
Stock Awards Vested (in Dollars per share) | $ / shares | $ 34.37 |
Forfeited/Expired | (10,730) |
Forfeited/Expired (in Dollars per share) | $ / shares | $ 39.56 |
Stock Options Outstanding, Number of Shares | 246,306 |
Stock Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $ / shares | $ 33.64 |
Non-Vested Stock Awards Outstanding, Number of Shares | 198,820 |
Non-Vested Stock Awards Outstanding, Weighted Average Grant-Date Fair-Value (in Dollars per share) | $ / shares | $ 33.38 |
Note 14 - Stock Based Compens92
Note 14 - Stock Based Compensation (Details) - Stock Options Oustanding by Range of Exercise Prices - Jun. 30, 2015 - $ / shares | Total |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Range of Exercise Prices - Lower limit | $ 15.55 |
Range of Exercise Prices - Upper limit | $ 44.40 |
Number of shares outstanding (in Shares) | 246,306 |
Options outstanding weighted average remaining contractual life (Years) | 6 years 7 days |
Options outstanding weighted average exercise price | $ 33.64 |
Number of shares exercisable (in Shares) | 117,661 |
Options exercisable weighted average exercise price | $ 26.25 |
Range01 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Range of Exercise Prices - Lower limit | 15.55 |
Range of Exercise Prices - Upper limit | $ 21.29 |
Number of shares outstanding (in Shares) | 37,741 |
Options outstanding weighted average remaining contractual life (Years) | 4 years 313 days |
Options outstanding weighted average exercise price | $ 19.52 |
Number of shares exercisable (in Shares) | 24,291 |
Options exercisable weighted average exercise price | $ 19.01 |
Range 02 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Range of Exercise Prices - Lower limit | 21.51 |
Range of Exercise Prices - Upper limit | $ 26.19 |
Number of shares outstanding (in Shares) | 31,200 |
Options outstanding weighted average remaining contractual life (Years) | 1 year 102 days |
Options outstanding weighted average exercise price | $ 25.70 |
Number of shares exercisable (in Shares) | 31,200 |
Options exercisable weighted average exercise price | $ 25.70 |
Range 03 [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) | 31,500 |
Options outstanding weighted average remaining contractual life (Years) | 1 year 335 days |
Options outstanding weighted average exercise price | $ 28.42 |
Number of shares exercisable (in Shares) | 31,500 |
Options exercisable weighted average exercise price | $ 28.42 |
Range 04 [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) | 30,670 |
Options outstanding weighted average remaining contractual life (Years) | 2 years 332 days |
Options outstanding weighted average exercise price | $ 30.31 |
Number of shares exercisable (in Shares) | 30,670 |
Options exercisable weighted average exercise price | $ 30.31 |
Range 05 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Range of Exercise Prices - Lower limit | 40.57 |
Range of Exercise Prices - Upper limit | $ 40.57 |
Number of shares outstanding (in Shares) | 48,690 |
Options outstanding weighted average remaining contractual life (Years) | 9 years 6 months |
Options outstanding weighted average exercise price | $ 40.57 |
Range 06 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Range of Exercise Prices - Lower limit | 40.72 |
Range of Exercise Prices - Upper limit | $ 40.72 |
Number of shares outstanding (in Shares) | 1,500 |
Options outstanding weighted average remaining contractual life (Years) | 9 years 138 days |
Options outstanding weighted average exercise price | $ 40.72 |
Range 07 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Range of Exercise Prices - Lower limit | 44.40 |
Range of Exercise Prices - Upper limit | $ 44.40 |
Number of shares outstanding (in Shares) | 65,005 |
Options outstanding weighted average remaining contractual life (Years) | 9 years 266 days |
Options outstanding weighted average exercise price | $ 44.40 |
Note 15 - Additional Cash Flo93
Note 15 - Additional Cash Flow Information (Details) - Additional Cash Flow Information - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Note 15 - Additional Cash Flow Information (Details) - Additional Cash Flow Information [Line Items] | ||
Interest paid | $ 9,413 | $ 6,952 |
Income taxes paid | 13,981 | 11,674 |
Transfers of Loans Not Covered by FDIC Loss Share to Foreclosed Assets Held-for-sale [Member] | ||
Note 15 - Additional Cash Flow Information (Details) - Additional Cash Flow Information [Line Items] | ||
Transfers to foreclosed assets | 7,426 | 2,097 |
Transfers of Loans Acquired Covered by FDIC Loss Share to Foreclosed Assets Covered by FDIC Loss Share [Member] | ||
Note 15 - Additional Cash Flow Information (Details) - Additional Cash Flow Information [Line Items] | ||
Transfers to foreclosed assets | 2,288 | $ 4,043 |
Transfers of Premises Held-for-sale to Foreclosed Assets Held-for-sale [Member] | ||
Note 15 - Additional Cash Flow Information (Details) - Additional Cash Flow Information [Line Items] | ||
Transfers to foreclosed assets | $ 6,126 |
Note 16 - Other Operating Exp94
Note 16 - Other Operating Expenses (Details) - Other Operating Expenses - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Other Operating Expenses [Abstract] | ||||
Professional services | $ 2,261 | $ 1,868 | $ 4,135 | $ 3,246 |
Postage | 1,085 | 813 | 2,017 | 1,730 |
Telephone | 1,321 | 703 | 2,175 | 1,403 |
Credit card expense | 2,280 | 2,123 | 4,271 | 4,322 |
Operating supplies | 612 | 418 | 1,092 | 934 |
Amortization of intangibles | 996 | 452 | 2,287 | 954 |
Branch right sizing expense | 2,745 | 300 | 2,780 | 4,178 |
Other expense | 6,741 | 3,869 | 11,456 | 7,156 |
Total other operating expenses | $ 18,041 | $ 10,546 | $ 30,213 | $ 23,923 |
Note 18 - Commitments and Cre95
Note 18 - Commitments and Credit Risk (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Note 18 - Commitments and Credit Risk (Details) [Line Items] | ||
Letters of Credit Outstanding, Amount | $ 26,711,000 | $ 16,217,000 |
Standby Letters of Credit [Member] | ||
Note 18 - Commitments and Credit Risk (Details) [Line Items] | ||
Deferred Revenue | 0 | 13,000 |
Credit Card Commitments to Extend Credit [Member] | ||
Note 18 - Commitments and Credit Risk (Details) [Line Items] | ||
Commitments and Contingencies | 495,558,000 | 480,653,000 |
Other Loan Commitments to Extend Credit [Member] | ||
Note 18 - Commitments and Credit Risk (Details) [Line Items] | ||
Commitments and Contingencies | $ 783,710,000 | $ 439,053,000 |
Minimum [Member] | ||
Note 18 - Commitments and Credit Risk (Details) [Line Items] | ||
Letters of Credit Term | 9 months | |
Maximum [Member] | ||
Note 18 - Commitments and Credit Risk (Details) [Line Items] | ||
Letters of Credit Term | 15 years |
Note 19 - Preferred Stock (Deta
Note 19 - Preferred Stock (Details) - $ / shares | Feb. 19, 2016 | Feb. 27, 2015 | Jun. 30, 2015 | Feb. 18, 2016 |
Note 19 - Preferred Stock (Details) [Line Items] | ||||
Preferred Stock, Liquidation Preference Per Share (in Dollars per share) | $ 1,000 | |||
Series A Preferred Stock [Member] | ||||
Note 19 - Preferred Stock (Details) [Line Items] | ||||
Preferred Stock, Liquidation Preference Per Share (in Dollars per share) | $ 1,000 | |||
Preferred Stock, Dividend Rate, Percentage | 1.00% | |||
Scenario, Forecast [Member] | Series A Preferred Stock [Member] | ||||
Note 19 - Preferred Stock (Details) [Line Items] | ||||
Preferred Stock, Dividend Rate, Percentage | 9.00% | 1.00% | ||
Community First Bancshares, Inc. [Member] | ||||
Note 19 - Preferred Stock (Details) [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 6,552,915 | |||
Community First Bancshares, Inc. [Member] | Series A Preferred Stock [Member] | ||||
Note 19 - Preferred Stock (Details) [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 30,852 |
Note 20 - Fair Value Measurem97
Note 20 - Fair Value Measurements (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Note 20 - Fair Value Measurements (Details) [Line Items] | ||
Real Estate Acquired Through Foreclosure | $ 42,666,000 | $ 44,856,000 |
Impaired Financing Receivable, Related Allowance | 2,012,000 | 2,075,000 |
Foreclosed Assets Not Covered By FDIC Loss Share [Member] | ||
Note 20 - Fair Value Measurements (Details) [Line Items] | ||
Real Estate Acquired Through Foreclosure | 42,700,000 | 44,900,000 |
Special Mention or Worse [Member] | ||
Note 20 - 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 | |
Collateral Dependent Loans [Member] | ||
Note 20 - Fair Value Measurements (Details) [Line Items] | ||
Impaired Financing Receivable, Related Allowance | $ 953,000 | $ 733,000 |
Minimum [Member] | Commercial and Residential Real Estate Collateral [Member] | ||
Note 20 - Fair Value Measurements (Details) [Line Items] | ||
Fair Value Percentage of Collateral Discount | 10.00% | |
Maximum [Member] | Commercial and Residential Real Estate Collateral [Member] | ||
Note 20 - Fair Value Measurements (Details) [Line Items] | ||
Fair Value Percentage of Collateral Discount | 40.00% |
Note 20 - Fair Value Measurem98
Note 20 - Fair Value Measurements (Details) - Fair Value of Financial Assets Measured on a Recurring Basis - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Available-for-sale securities | ||
Available-for-sale securities | $ 747,701 | $ 305,283 |
Assets held in trading accounts | 6,481 | 6,987 |
US Treasury Securities [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 4,005 | 3,992 |
US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 236,003 | 272,816 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 464,857 | 1,572 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 10,971 | 6,540 |
Other Securities [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 31,865 | 20,363 |
Other securities | 31,865 | 20,363 |
Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | ||
Assets held in trading accounts | 2,709 | 3,320 |
Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | ||
Assets held in trading accounts | 3,772 | 3,667 |
Fair Value, Inputs, Level 2 [Member] | US Treasury Securities [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 4,005 | 3,992 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 236,003 | 272,816 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 464,857 | 1,572 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | ||
Available-for-sale securities | 10,971 | 6,540 |
Fair Value, Inputs, Level 2 [Member] | Other Securities [Member] | ||
Available-for-sale securities | ||
Other securities | $ 31,865 | $ 20,363 |
Note 20 - Fair Value Measurem99
Note 20 - Fair Value Measurements (Details) - Fair Value of Financial Assets Measured on a Nonrecurring Basis - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | |
ASSETS | |||
Impaired loans | $ 16,357 | $ 14,669 | |
Fair Value, Measurements, Nonrecurring [Member] | |||
ASSETS | |||
Impaired loans | [1],[2] | 15,958 | 12,276 |
Foreclosed assets held for sale | [2] | $ 6,681 | $ 3,417 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
ASSETS | |||
Impaired loans | [1],[2] | ||
Foreclosed assets held for sale | [2] | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
ASSETS | |||
Impaired loans | [1],[2] | ||
Foreclosed assets held for sale | [2] | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
ASSETS | |||
Impaired loans | [1],[2] | $ 15,958 | $ 12,276 |
Foreclosed assets held for sale | [2] | $ 6,681 | $ 3,417 |
[1] | Specific allocations of $953,000 and $733,000 were related to the impaired collateral dependent loans for which fair value re-measurementstook place during the periods ended June 30, 2015 and December 31, 2014, respectively. | ||
[2] | These amounts represent the resulting carrying amounts on the Consolidated Balance Sheets for impaired collateral dependent loans andforeclosed assets held for sale for which fair value re-measurements took place during the period. |
Note 20 - Fair Value Measure100
Note 20 - Fair Value Measurements (Details) - Estimated Fair Values and Related Carrying Amounts of Financial Instruments - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financial assets: | ||
Financial Assets, Carrying Amount | $ 7,614,358 | $ 4,643,354 |
Financial Liabilities, Carrying Amount | 6,589,253 | 4,149,035 |
Cash and Cash Equivalents [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 292,470 | 335,909 |
Financial Assets, Fair Value Measurement | 292,470 | 335,909 |
Interest Bearing Balances Due from Banks - Time [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 24,189 | |
Financial Assets, Fair Value Measurement | 24,180 | |
Held-to-Maturity Securities [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 861,596 | 777,587 |
Financial Assets, Fair Value Measurement | 863,349 | 780,533 |
Mortgage Loans Held For Sale [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 48,094 | 21,265 |
Financial Assets, Fair Value Measurement | 48,094 | 21,265 |
Interest Receivable [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 24,129 | 16,774 |
Financial Assets, Fair Value Measurement | 24,129 | 16,774 |
Loans1 [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 2,580,662 | 2,024,693 |
Financial Assets, Fair Value Measurement | 2,585,022 | 2,022,889 |
Loans Acquired, Not Covered By FDIC Loss Share [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 2,108,306 | 575,980 |
Financial Assets, Fair Value Measurement | 2,111,868 | 560,651 |
Loans Acquired, Covered by FDIC Loss Share [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 93,121 | 106,933 |
Financial Assets, Fair Value Measurement | 93,278 | 105,789 |
FDIC Indemnification Asset [Member] | ||
Financial assets: | ||
Financial Assets, Carrying Amount | 13,020 | 22,663 |
Financial Assets, Fair Value Measurement | 13,020 | 22,663 |
Non-Interest Bearing Transaction Accounts [Member] | ||
Financial assets: | ||
Financial Liabilities, Carrying Amount | 1,141,285 | 889,260 |
Financial Liabilities, Fair Value Measurement | 1,141,285 | 889,260 |
Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Financial assets: | ||
Financial Liabilities, Carrying Amount | 3,581,049 | 2,006,271 |
Financial Liabilities, Fair Value Measurement | 3,581,049 | 2,006,271 |
Time Deposits [Member] | ||
Financial assets: | ||
Financial Liabilities, Carrying Amount | 1,447,688 | 965,187 |
Financial Liabilities, Fair Value Measurement | 1,443,811 | 967,900 |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Member] | ||
Financial assets: | ||
Financial Liabilities, Carrying Amount | 111,792 | 110,586 |
Financial Liabilities, Fair Value Measurement | 111,792 | 110,586 |
Other Borrowings [Member] | ||
Financial assets: | ||
Financial Liabilities, Carrying Amount | 171,321 | 114,682 |
Financial Liabilities, Fair Value Measurement | 176,279 | 114,698 |
Subordinated Debentures [Member] | ||
Financial assets: | ||
Financial Liabilities, Carrying Amount | 61,794 | 20,620 |
Financial Liabilities, Fair Value Measurement | 56,876 | 16,115 |
Interest Payable [Member] | ||
Financial assets: | ||
Financial Liabilities, Carrying Amount | 2,234 | 1,147 |
Financial Liabilities, Fair Value Measurement | 2,234 | 1,147 |
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 292,470 | 335,909 |
Fair Value, Inputs, Level 2 [Member] | Interest Bearing Balances Due from Banks - Time [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 24,180 | |
Fair Value, Inputs, Level 2 [Member] | Held-to-Maturity Securities [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 863,349 | 780,533 |
Fair Value, Inputs, Level 2 [Member] | Interest Receivable [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 24,129 | 16,774 |
Fair Value, Inputs, Level 2 [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Financial assets: | ||
Financial Liabilities, Fair Value Measurement | 1,141,285 | 889,260 |
Fair Value, Inputs, Level 2 [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Financial assets: | ||
Financial Liabilities, Fair Value Measurement | 3,581,049 | 2,006,271 |
Fair Value, Inputs, Level 2 [Member] | Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Member] | ||
Financial assets: | ||
Financial Liabilities, Fair Value Measurement | 111,792 | 110,586 |
Fair Value, Inputs, Level 2 [Member] | Other Borrowings [Member] | ||
Financial assets: | ||
Financial Liabilities, Fair Value Measurement | 176,279 | 114,698 |
Fair Value, Inputs, Level 2 [Member] | Subordinated Debentures [Member] | ||
Financial assets: | ||
Financial Liabilities, Fair Value Measurement | 56,876 | 16,115 |
Fair Value, Inputs, Level 2 [Member] | Interest Payable [Member] | ||
Financial assets: | ||
Financial Liabilities, Fair Value Measurement | 2,234 | 1,147 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Loans Held For Sale [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 48,094 | 21,265 |
Fair Value, Inputs, Level 3 [Member] | Loans1 [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 2,585,022 | 2,022,889 |
Fair Value, Inputs, Level 3 [Member] | Loans Acquired, Not Covered By FDIC Loss Share [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 2,111,868 | 560,651 |
Fair Value, Inputs, Level 3 [Member] | Loans Acquired, Covered by FDIC Loss Share [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 93,278 | 105,789 |
Fair Value, Inputs, Level 3 [Member] | FDIC Indemnification Asset [Member] | ||
Financial assets: | ||
Financial Assets, Fair Value Measurement | 13,020 | 22,663 |
Fair Value, Inputs, Level 3 [Member] | Time Deposits [Member] | ||
Financial assets: | ||
Financial Liabilities, Fair Value Measurement | $ 1,443,811 | $ 967,900 |