Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Feb. 03, 2017 | Jun. 30, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | SIMMONS FIRST NATIONAL CORP | ||
Entity Central Index Key | 90,498 | ||
Trading Symbol | sfnc | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Common Stock, Shares Outstanding (in shares) | 31,348,589 | ||
Entity Public Float | $ 1,307,543,795 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
ASSETS | ||
Cash and non-interest bearing balances due from banks | $ 117,007 | $ 97,656 |
Interest bearing balances due from banks | 168,652 | 154,606 |
Cash and cash equivalents | 285,659 | 252,262 |
Interest bearing balances due from banks – time | 4,563 | 14,107 |
Held-to-maturity | 462,096 | 705,373 |
Available-for-sale | 1,157,354 | 821,407 |
Total investments | 1,619,450 | 1,526,780 |
Mortgage loans held for sale | 27,788 | 30,265 |
Assets held in trading accounts | 41 | 4,422 |
Loans: | ||
Legacy loans | 4,327,207 | 3,246,454 |
Allowance for loan losses | (36,286) | (31,351) |
Loans acquired, net of discount and allowance | 1,305,683 | 1,672,901 |
Net loans | 5,596,604 | 4,888,004 |
Premises and equipment | 199,359 | 193,618 |
Premises held for sale | 6,052 | 923 |
Foreclosed assets | 26,895 | 44,820 |
Interest receivable | 27,788 | 25,793 |
Bank owned life insurance | 138,620 | 131,536 |
Goodwill | 348,505 | 327,686 |
Other intangible assets | 52,959 | 53,237 |
Other assets | 65,773 | 66,205 |
Total assets | 8,400,056 | 7,559,658 |
Deposits: | ||
Non-interest bearing transaction accounts | 1,491,676 | 1,280,234 |
Interest bearing transaction accounts and savings deposits | 3,956,483 | 3,485,845 |
Time deposits | 1,287,060 | 1,320,017 |
Total deposits | 6,735,219 | 6,086,096 |
Federal funds purchased and securities sold under agreements to repurchase | 115,029 | 99,398 |
Other borrowings | 273,159 | 162,289 |
Subordinated debentures | 60,397 | 60,570 |
Accrued interest and other liabilities | 65,141 | 74,450 |
Total liabilities | 7,248,945 | 6,482,803 |
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 December 31, 2015 | 30,852 | |
Common stock, Class A, $0.01 par value; 120,000,000 shares authorized; 31,277,723 and 30,278,432 shares issued and outstanding at December 31, 2016 and 2015, respectively | 313 | 303 |
Surplus | 711,976 | 662,378 |
Undivided profits | 454,034 | 385,987 |
Accumulated other comprehensive loss | (15,212) | (2,665) |
Total stockholders’ equity | 1,151,111 | 1,076,855 |
Total liabilities and stockholders’ equity | $ 8,400,056 | $ 7,559,658 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2016 | Dec. 31, 2015 |
Preferred stock, par value (in dollars per share) | $ 0.01 | |
Preferred stock, liquidation value (in dollars per share) | $ 1,000 | |
Preferred stock, shares authorized (in shares) | 40,040,000 | |
Preferred stock, shares issued (in shares) | 30,852 | |
Preferred stock, shares outstanding (in shares) | 30,852 | |
Common stock Class A, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock Class A, shares authorized (in shares) | 120,000,000 | 120,000,000 |
Common stock Class A, shares issued (in shares) | 31,277,723 | 30,278,432 |
Common stock Class A, shares outstanding (in shares) | 31,277,723 | 30,278,432 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
INTEREST INCOME | |||
Loans | $ 265,652,000 | $ 268,367,000 | $ 164,082,000 |
Federal funds sold | 57,000 | 126,000 | 27,000 |
Investment securities | 33,479,000 | 30,613,000 | 19,357,000 |
Mortgage loans held for sale | 1,102,000 | 1,051,000 | 695,000 |
Assets held in trading accounts | 16,000 | 18,000 | 17,000 |
Interest bearing balances due from banks | 699,000 | 773,000 | 857,000 |
TOTAL INTEREST INCOME | 301,005,000 | 300,948,000 | 185,035,000 |
INTEREST EXPENSE | |||
Deposits | 15,217,000 | 15,248,000 | 9,079,000 |
Federal funds purchased and securities sold under agreements to repurchase | 273,000 | 236,000 | 269,000 |
Other borrowings | 4,148,000 | 5,097,000 | 3,986,000 |
Subordinated debentures | 2,161,000 | 1,772,000 | 637,000 |
TOTAL INTEREST EXPENSE | 21,799,000 | 22,353,000 | 13,971,000 |
NET INTEREST INCOME | 279,206,000 | 278,595,000 | 171,064,000 |
Provision for loan losses | 20,065,000 | 9,022,000 | 7,245,000 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 259,141,000 | 269,573,000 | 163,819,000 |
NON-INTEREST INCOME | |||
Trust income | 15,442,000 | 9,261,000 | 7,111,000 |
Service charges on deposit accounts | 32,414,000 | 30,985,000 | 25,650,000 |
Other service charges and fees | 6,913,000 | 8,756,000 | 3,574,000 |
Mortgage lending income | 22,442,000 | 11,452,000 | 5,342,000 |
Investment banking income | 3,471,000 | 2,590,000 | 1,070,000 |
Debit and credit card fees | 30,740,000 | 26,660,000 | 22,866,000 |
Bank owned life insurance income | 3,324,000 | 2,680,000 | 1,843,000 |
Gain on sale of securities, net | 5,848,000 | 307,000 | 8,000 |
Net loss on assets covered by FDIC loss share agreements | (14,812,000) | (20,316,000) | |
Other income | 18,788,000 | 16,782,000 | 15,044,000 |
TOTAL NON-INTEREST INCOME | 139,382,000 | 94,661,000 | 62,192,000 |
NON-INTEREST EXPENSE | |||
Salaries and employee benefits | 133,457,000 | 138,243,000 | 89,210,000 |
Occupancy expense, net | 18,667,000 | 16,858,000 | 12,833,000 |
Furniture and equipment expense | 16,683,000 | 14,352,000 | 9,325,000 |
Other real estate and foreclosure expense | 4,461,000 | 4,861,000 | 4,507,000 |
Deposit insurance | 3,469,000 | 4,201,000 | 3,354,000 |
Merger related costs | 4,835,000 | 13,760,000 | 7,470,000 |
Other operating expenses | 73,513,000 | 64,695,000 | 49,022,000 |
TOTAL NON-INTEREST EXPENSE | 255,085,000 | 256,970,000 | 175,721,000 |
INCOME BEFORE INCOME TAXES | 143,438,000 | 107,264,000 | 50,290,000 |
Provision for income taxes | 46,624,000 | 32,900,000 | 14,602,000 |
NET INCOME | 96,814,000 | 74,364,000 | 35,688,000 |
Preferred stock dividends | 24,000 | 257,000 | |
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ 96,790,000 | $ 74,107,000 | $ 35,688,000 |
BASIC EARNINGS PER SHARE (in dollars per share) | $ 3.16 | $ 2.64 | $ 2.11 |
DILUTED EARNINGS PER SHARE (in dollars per share) | $ 3.13 | $ 2.63 | $ 2.11 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
NET INCOME | $ 96,814 | $ 74,364 | $ 35,688 |
OTHER COMPREHENSIVE INCOME | |||
Unrealized holding (losses) gains arising during the period on available-for-sale securities | (14,797) | (1,880) | 2,749 |
Less: Reclassification adjustment for realized gains (losses) included in net income | 5,848 | 307 | 8 |
Other comprehensive (loss) income, before tax effect | (20,645) | (2,187) | 2,741 |
Less: Tax effect of other comprehensive (loss) income | (8,098) | (858) | 1,075 |
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME | (12,547) | (1,329) | 1,666 |
COMPREHENSIVE INCOME | $ 84,267 | $ 73,035 | $ 37,354 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
OPERATING ACTIVITIES | |||
Net income | $ 96,814,000 | $ 74,364,000 | $ 35,688,000 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | |||
Depreciation and amortization | 16,978,000 | 13,654,000 | 7,933,000 |
Provision for loan losses | 20,065,000 | 9,022,000 | 7,245,000 |
Gain on sale of available-for-sale securities | (5,848,000) | (307,000) | (8,000) |
Net accretion of investment securities and assets not covered by FDIC loss share | (31,928,000) | (32,933,000) | (8,711,000) |
Net amortization on borrowings | 421,000 | 375,000 | |
Stock-based compensation expense | 3,418,000 | 4,018,000 | 1,423,000 |
Net accretion on assets covered by FDIC loss share | (2,709,000) | (1,497,000) | |
Loss (gain) on sale of premises and equipment, net of impairment | 2,775,000 | 2,339,000 | (4,630,000) |
(Gain) loss on sale of foreclosed assets held for sale | (2,432,000) | (4,339,000) | 28,000 |
Gain on sale of mortgage loans held for sale | (14,683,000) | (11,625,000) | (4,823,000) |
Deferred income taxes | (9,832,000) | 13,599,000 | (9,029,000) |
FDIC loss share indemnification loss | 7,476,000 | ||
Gain on sale of banking operation | (2,110,000) | ||
Increase in cash surrender value of bank owned life insurance income | (3,324,000) | (2,680,000) | (1,843,000) |
Originations of mortgage loans held for sale | (618,453,000) | (571,750,000) | (297,530,000) |
Proceeds from sale of mortgage loans held for sale | 635,613,000 | 574,375,000 | 290,582,000 |
Changes in assets and liabilities: | |||
Interest receivable | (1,197,000) | 713,000 | 359,000 |
Assets held in trading accounts | 4,381,000 | 2,565,000 | 1,991,000 |
Other assets | 1,578,000 | 5,453,000 | (17,313,000) |
Accrued interest and other liabilities | (5,127,000) | 1,393,000 | 6,511,000 |
Income taxes payable | 1,915,000 | 3,466,000 | 5,272,000 |
Net cash provided by operating activities | 91,134,000 | 84,359,000 | 11,648,000 |
INVESTING ACTIVITIES | |||
Net originations of loans not covered by FDIC loss share | (368,162,000) | (301,323,000) | (83,825,000) |
Net collections of loans covered by FDIC loss share | 23,646,000 | 55,361,000 | |
Decrease in due from banks - time | 9,544,000 | 10,879,000 | |
Proceeds from sale of student loans | 22,136,000 | ||
Purchases of premises and equipment, net | (17,264,000) | (9,094,000) | 18,762,000 |
Proceeds from sale of foreclosed assets held for sale | 29,055,000 | 40,988,000 | 26,872,000 |
Proceeds from sale of foreclosed assets held for sale, covered by FDIC loss share | 2,858,000 | 14,328,000 | |
Proceeds from sale of available-for-sale securities | 346,273,000 | 32,007,000 | 20,609,000 |
Proceeds from maturities of available-for-sale securities | 257,388,000 | 435,438,000 | 194,423,000 |
Purchases of available-for-sale securities | (861,572,000) | (445,281,000) | (265,835,000) |
Proceeds from maturities of held-to-maturity securities | 250,636,000 | 281,120,000 | 403,186,000 |
Purchases of held-to-maturity securities | (6,162,000) | (59,486,000) | (413,020,000) |
Proceeds from bank owned life insurance death benefits | 3,039,000 | ||
Purchases of bank owned life insurance | (143,000) | (12,143,000) | (7,826,000) |
Settlement of FDIC loss share agreements | 2,368,000 | ||
Cash received on FDIC loss share | 3,980,000 | 15,700,000 | |
Cash paid on sale of banking operations, net of cash received | (68,273,000) | ||
Cash received in business combinations, net of cash paid | 106,419,000 | 197,029,000 | 11,343,000 |
Net cash (used in) provided by investing activities | (250,949,000) | 134,713,000 | 12,214,000 |
FINANCING ACTIVITIES | |||
Net change in deposits | 139,266,000 | (107,633,000) | (192,211,000) |
Repayments of subordinated debentures | (594,000) | ||
Dividends paid on preferred stock | (24,000) | (257,000) | |
Dividends paid on common stock | (28,743,000) | (27,026,000) | (15,359,000) |
Net change in other borrowed funds | 106,823,000 | (143,914,000) | (13,385,000) |
Net change in federal funds purchased and securities sold under agreements to repurchase | 2,398,000 | (27,418,000) | (8,401,000) |
Net shares issued under stock compensation plans | 4,938,000 | 3,529,000 | 2,023,000 |
Redemption of preferred stock | (30,852,000) | ||
Net cash provided by (used in) financing activities | 193,212,000 | (302,719,000) | (227,333,000) |
INCREASE (DECREASE) IN CASH EQUIVALENTS | 33,397,000 | (83,647,000) | (203,471,000) |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 252,262,000 | 335,909,000 | 539,380,000 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ 285,659,000 | $ 252,262,000 | $ 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 Bancshares, Inc. [Member]Common Stock [Member] | Liberty Bancshares, Inc. [Member]Additional Paid-in Capital [Member] | Liberty Bancshares, Inc. [Member] | Ozark Trust [Member]Common Stock [Member] | Ozark Trust [Member]Additional Paid-in Capital [Member] | Ozark Trust [Member] | Citizens National Bank [Member]Common Stock [Member] | Citizens National Bank [Member]Additional Paid-in Capital [Member] | Citizens National Bank [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 | 1,666 | 35,688 | 37,354 | |||||||||||||||||||
Stock issued for employee stock purchase plan | 118 | 118 | ||||||||||||||||||||
Stock-based compensation plans, net | 3 | 3,325 | 3,328 | |||||||||||||||||||
Stock issued for acquisition | $ 16 | $ 65,030 | $ 65,046 | |||||||||||||||||||
Cash dividends | (15,359) | (15,359) | ||||||||||||||||||||
Balance at Dec. 31, 2014 | 181 | 156,568 | (1,336) | 338,906 | 494,319 | |||||||||||||||||
Cash dividends | (15,359) | (15,359) | ||||||||||||||||||||
Stock issued for employee stock purchase plan | 118 | 118 | ||||||||||||||||||||
Stock-based compensation plans, net | 3 | 3,325 | 3,328 | |||||||||||||||||||
Comprehensive income | (1,329) | 74,364 | 73,035 | |||||||||||||||||||
Stock issued for employee stock purchase plan | 226 | 226 | ||||||||||||||||||||
Stock-based compensation plans, net | 2 | 7,319 | 7,321 | |||||||||||||||||||
Stock issued for acquisition | $ 30,852 | $ 65 | $ 268,277 | $ 299,194 | $ 52 | $ 212,124 | $ 212,176 | $ 3 | $ 17,864 | $ 17,867 | ||||||||||||
Cash dividends | (27,026) | (27,026) | ||||||||||||||||||||
Balance at Dec. 31, 2015 | $ 30,852 | 303 | 662,378 | (2,665) | 385,987 | 1,076,855 | ||||||||||||||||
Dividends on preferred stock | (257) | (257) | ||||||||||||||||||||
Cash dividends | (27,026) | (27,026) | ||||||||||||||||||||
Stock issued for employee stock purchase plan | 226 | 226 | ||||||||||||||||||||
Stock-based compensation plans, net | 2 | 7,319 | 7,321 | |||||||||||||||||||
Comprehensive income | (12,547) | 96,814 | 84,267 | |||||||||||||||||||
Stock issued for employee stock purchase plan | 586 | 586 | ||||||||||||||||||||
Stock-based compensation plans, net | 2 | 7,768 | 7,770 | |||||||||||||||||||
Stock issued for acquisition | $ 8 | $ 41,244 | $ 41,252 | |||||||||||||||||||
Balance at Dec. 31, 2016 | 313 | 711,976 | $ (15,212) | 454,034 | 1,151,111 | |||||||||||||||||
Dividends on preferred stock | (24) | (24) | ||||||||||||||||||||
Stock issued for employee stock purchase plan | 586 | 586 | ||||||||||||||||||||
Stock-based compensation plans, net | $ 2 | $ 7,768 | 7,770 | |||||||||||||||||||
Preferred stock redeemed | $ (30,852) | (30,852) | ||||||||||||||||||||
Dividends on common stock | $ (28,743) | $ (28,743) |
Consolidated Statements of Sto8
Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Additional Paid-in Capital [Member] | Citizens National Bank [Member] | |||
Stock issued for acquisition, shares (in shares) | 835,741 | ||
Additional Paid-in Capital [Member] | |||
Stock issued for employee stock purchase plan, shares (in shares) | 15,735 | 6,528 | 4,897 |
Stock issued for employee stock purchase plan, shares (in shares) | 15,735 | 6,528 | 4,897 |
Common Stock [Member] | Delta Trust [Member] | |||
Stock issued for acquisition, shares (in shares) | 1,629,515 | ||
Common Stock [Member] | Community First Bancshares Inc [Member] | |||
Stock issued for acquisition, shares (in shares) | 6,552,915 | ||
Common Stock [Member] | Liberty Bancshares, Inc. [Member] | |||
Stock issued for acquisition, shares (in shares) | 5,181,337 | ||
Common Stock [Member] | Ozark Trust [Member] | |||
Stock issued for acquisition, shares (in shares) | 339,290 | ||
Common Stock [Member] | |||
Stock issued for compensation plans, shares (in shares) | 145,874 | 191,820 | |
Stock issued for compensation plans, shares (in shares) | 145,874 | 191,820 | |
Retained Earnings [Member] | |||
Cash dividends, per share (in dollars per share) | $ 0.96 | $ 0.92 | $ 0.88 |
Cash dividends, per share (in dollars per share) | $ 0.96 | $ 0.92 | $ 0.88 |
Preferred Stock [Member] | Community First Bancshares Inc [Member] | |||
Stock issued for acquisition, shares (in shares) | 30,852 | ||
Stock issued for compensation plans, shares (in shares) | 147,815 | ||
Stock issued for acquisition, shares (in shares) | 66,000 | ||
Stock issued for compensation plans, shares (in shares) | 147,815 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Principles of Consolidation Simmons First National Corporation (the “Company”) is primarily engaged in providing a full range of banking services to individual and corporate customers through its subsidiaries and their branch banks with offices in Arkansas, Kansas, Missouri and Tennessee. The Company is subject to competition from other financial institutions. The Company also is subject to the regulation of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. The consolidated financial statements include the accounts of Simmons First National Corporation and its subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation. Operating Segments The Company is organized on a regional basis upon which management makes decisions regarding how to allocate resources and assess performance. Each of the regions provides a group of similar community banking services, including such products and services as loans; time deposits, checking and savings accounts; personal and corporate trust services; credit cards; investment management; insurance; and securities and investment services. Loan products include consumer, real estate, commercial, agricultural, equipment and SBA lending. The individual bank regions have similar operating and economic characteristics and have been reported as one The Company also considers its trust, investment and insurance services to be operating segments. Information on these segments is not reported separately since they do not meet the quantitative thresholds under ASC Topic 280 10 50 12. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and the valuation of covered loans and related indemnification asset. In connection with the determination of the allowance for loan losses and the valuation of foreclosed assets, management obtains independent appraisals for significant properties. Reclassifications Various items within the accompanying consolidated financial statements for previous years have been reclassified to provide more comparative information. These reclassifications had no effect on net earnings. Cash Equivalents The Company considers all liquid investments with original maturities of three Investment Securities Held-to-maturity securities, which include any security for which the Company has the positive intent and ability to hold until maturity, are carried at historical cost adjusted for amortization of premiums and accretion of discounts. Premiums and discounts are amortized and accreted, respectively, to interest income using the constant yield method over the period to maturity. Available-for-sale securities, which include any security for which the Company has no immediate plan to sell but which may Trading securities, which include any security held primarily for near-term sale, are carried at fair value. Gains and losses on trading securities are included in other income. The Company applies accounting guidance related to recognition and presentation of other-than-temporary impairment under ASC Topic 320 10. As a result of this guidance, the Company’s consolidated statements of income reflect the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale and held-to-maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. Mortgage Loans Held For Sale Mortgage loans held for sale are carried at the lower of cost or fair value, determined using an aggregate basis. Write-downs to fair value are recognized as a charge to earnings at the time the decline in value occurs. Forward commitments to sell mortgage loans are acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sale. The forward commitments acquired by the Company for mortgage loans in process of origination are not mandatory forward commitments. These commitments are structured on a best efforts basis; therefore, the Company is not required to substitute another loan or to buy back the commitment if the original loan does not fund. Typically, the Company delivers the mortgage loans within a few days after the loans are funded. These commitments are derivative instruments and their fair values at December 31, 2016 2015 Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-offs are reported at their outstanding principal adjusted for any loans charged off, the allowance for loan losses and any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans, except on certain government guaranteed loans, is discontinued at the time the loan is 90 Discounts and premiums on purchased residential real estate loans are amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method. For discussion of the Company’s accounting for acquired loans, see Acquisition Accounting, Covered Loans and Related Indemnification Asset later in this section. Allowance for Loan Losses The allowance for loan losses is management’s estimate of probable losses in the loan portfolio. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Allocations to the allowance for loan losses are categorized as either general reserves or specific reserves. The allowance for loan losses is calculated monthly based on management’s assessment of several factors such as (1) (2) (3) (4) (5) (6) (7) (8) one four Specific reserves are provided on loans that are considered impaired when it is probable that we will not receive all amounts due according to the contractual terms of the loan, including scheduled principal and interest payments. This includes loans that are delinquent 90 90 Management’s evaluation of the allowance for loan losses is inherently subjective as it requires material estimates. The actual amounts of loan losses realized in the near term could differ from the amounts estimated in arriving at the allowance for loan losses reported in the financial statements. Reserve for Unfunded Commitments In addition to the allowance for loan losses, the Company has established a reserve for unfunded commitments, classified in other liabilities. This reserve is maintained at a level sufficient to absorb losses arising from unfunded loan commitments. The adequacy of the reserve for unfunded commitments is determined monthly based on methodology similar to the Company’s methodology for determining the allowance for loan losses. Net adjustments to the reserve for unfunded commitments are included in other non-interest expense. Acquisition Accounting, Acquired Loans The Company accounts for its acquisitions under ASC Topic 805, Business Combinations 820. The Company evaluates non-impaired loans acquired in accordance with the provisions of ASC Topic 310 20, Nonrefundable Fees and Other Costs 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality For impaired loans accounted for under ASC Topic 310 30, Covered Loans and Related Indemnification Asset In September 2015, 2010 2012 four Under the terms of the agreement, the FDIC made a net payment of $2,368,000 one $7,476,000. For further discussion of our acquisition and loan accounting, see Note 2, 5, Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are capitalized and amortized by the straight-line method over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Premises Held for Sale The Company records premises held for sale at the lower of (1) (2) Foreclosed Assets Held For Sale Assets acquired by foreclosure or in settlement of debt and held for sale are valued at estimated fair value as of the date of foreclosure, and a related valuation allowance is provided for estimated costs to sell the assets. Management evaluates the value of foreclosed assets held for sale periodically and increases the valuation allowance for any subsequent declines in fair value. Changes in the valuation allowance are charged or credited to other expense. Bank Owned Life Insurance The Company maintains bank-owned life insurance policies on certain current and former employees and directors, which are recorded at their cash surrender values as determined by the insurance carriers. The appreciation in the cash surrender value of the policies is recognized as a component of non-interest income in the Company’s consolidated statements of income. Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that also lack physical substance but can be separately distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. The Company performs an annual goodwill impairment test, and more frequently if circumstances warrant, in accordance with ASC Topic 350, Intangibles – Goodwill and Other 350 may Derivative Financial Instruments The Company may $99.2 December 31, 2016, $61.3 December 31, 2015. Securities Sold Under Agreements to Repurchase The Company sells securities under agreements to repurchase to meet customer needs for sweep accounts. At the point funds deposited by customers become investable, those funds are used to purchase securities owned by the Company and held in its general account with the designation of Customers’ Securities. A third Bankcard Fee Income Periodic bankcard fees, net of direct origination costs, are recognized as revenue on a straight-line basis over the period the fee entitles the cardholder to use the card. Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance in ASC Topic 740, Income Taxes two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 50 The Company files consolidated income tax returns with its subsidiaries. Earnings Per Share Basic earnings per share are computed based on the weighted average number of shares outstanding during each year. Diluted earnings per share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period. The computation of per share earnings is as follows: (In thousands, except per share data) 2016 2015 2014 Net income available to common shareholders $ 96,790 $ 74,107 $ 35,688 Average common shares outstanding 30,646 28,084 16,879 Average potential dilutive common shares 318 126 43 Average diluted common shares 30,964 28,210 16,922 Basic earnings per share $ 3.16 $ 2.64 $ 2.11 Diluted earnings per share $ 3.13 $ 2.63 $ 2.11 There were no stock options excluded from the earnings per share calculation due to the related exercise price exceeding the average market price for the years ended December 31, 2016, 2015 2014. Stock-Based Compensation The Company has adopted various stock-based 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 exercise of stock options or awarding of bonus shares granted to directors, officers and other key employees. In accordance with ASC Topic 718, Compensation – Stock Compensation 13, Subsequent Events On January 17, 2017, Hardeman County Investment Company, Inc. (Pending Acquisition) On November 17, 2016, $72.2 ten November 15, 2016), first Hardeman conducts banking business from 10 December 31, 2016, $477 $255 $395 second 2017 Southwest Bancorp, Inc. (Pending Acquisition) On December 14, 2016, $564.4 December 13, 2016), first SBI conducts banking business from 31 December 31, 2016, $2.5 $1.9 $1.9 third 2017 First Texas BHC, Inc. (Pending Acquisition) On January 23, 2017, $462 January 20, 2017), first First Texas conducts banking business from 16 December 31, 2016, $2.1 $1.8 $1.7 third 2017 |
Note 2 - Acquisitions
Note 2 - Acquisitions | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | NOTE 2: ACQUISITIONS Citizens National Bank On September 9, 2016, 835,741 $41.3 September 9, 2016, $35.0 Prior to the acquisition, Citizens conducted banking business from 9 $585.5 $340.9 $509.9 October 21, 2016. Goodwill of $21.5 two A summary, at fair value, of the assets acquired and liabilities assumed in the Citizens transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 131,467 $ -- $ 131,467 Federal funds sold 10,000 -- 10,000 Investment securities 61,987 1 61,988 Loans acquired 350,361 (9,511 ) 340,850 Allowance for loan losses (4,313 ) 4,313 -- Foreclosed assets 4,960 (1,518 ) 3,442 Premises and equipment 6,746 1,339 8,085 Bank owned life insurance 6,632 -- 6,632 Core deposit intangible -- 5,075 5,075 Other intangibles -- 591 591 Other assets 17,364 6 17,370 Total assets acquired $ 585,204 $ 296 $ 585,500 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 109,281 $ -- $ 109,281 Interest bearing transaction accounts and savings deposits 204,912 -- 204,912 Time deposits 195,664 -- 195,664 Total deposits 509,857 -- 509,857 Securities sold under agreement to repurchase 13,233 -- 13,233 FHLB borrowings 4,000 47 4,047 Accrued interest and other liabilities 3,558 -- 3,558 Total liabilities assumed 530,648 47 530,695 Equity 54,556 (54,556 ) -- Total equity assumed 54,556 (54,556 ) -- Total liabilities and equity assumed $ 585,204 $ (54,509 ) $ 530,695 Net assets acquired 54,805 Purchase price 76,300 Goodwill $ 21,495 74 The purchase price allocation and certain fair value measurements remain preliminary due to the timing of the acquisition. Management will continue to review the estimated fair values and to evaluate the assumed tax positions. The Company expects to finalize its analysis of the acquired assets and assumed liabilities in this transaction over the next few months, within one may The Company’s operating results for 2016 Liberty Bancshares, Inc. On February 27, 2015, 5,181,337 $212.2 February 27, 2015 Prior to the acquisition, Liberty conducted banking business from 24 $1.1 $780.7 $874.7 April 24, 2015. Goodwill of $95.2 two 75 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 (3,112 ) 14,591 Total assets acquired $ 1,061,567 $ 4,705 $ 1,066,272 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 (510 ) 20,110 Accrued interest and other liabilities 7,828 300 8,128 Total liabilities assumed 949,290 13 949,303 Equity 112,277 (112,277 ) -- Total equity assumed 112,277 (112,277 ) -- Total liabilities and equity assumed $ 1,061,567 $ (112,264 ) $ 949,303 Net assets acquired 116,969 Purchase price 212,176 Goodwill $ 95,207 During 2015 The Company’s operating results for 2016 2015 Community First Bancshares, Inc. On February 27, 2015, 6,552,915 $268.3 February 27, 2015, $9,974 $30.9 January 29, 2016, Prior to the acquisition, Community First conducted banking business from 33 $1.9 $1.1 $1.5 September 4, 2015. 76 Goodwill of $110.4 two 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 3,538 7,238 Other assets 11,474 -- 11,474 Total assets acquired $ 1,918,325 $ (3,264 ) $ 1,915,061 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 143,047 674 143,721 Subordinated debentures 21,754 (840 ) 20,914 Accrued interest and other liabilities 8,769 601 9,370 Total liabilities assumed 1,725,013 1,284 1,726,297 Equity 193,312 (193,312 ) -- Total equity assumed 193,312 (193,312 ) -- Total liabilities and equity assumed $ 1,918,325 $ (192,028 ) $ 1,726,297 Net assets acquired 188,764 Purchase price 299,204 Goodwill $ 110,440 During 2015 The Company’s operating results for 2016 2015 77 Summary of Unaudited Pro forma Information The unaudited pro forma information below for the years ended December 31, 2015 2014 January 1, 2014. December 31, 2015 $7.4 2015.The Years Ended December 31 (In thousands, except per share data) 2015 2014 Revenue (1) $ 395,959 $ 390,606 Net income $ 85,773 $ 64,166 Earnings per share $ 2.68 $ 2.24 ___________________________ (1) Consolidated year-to-date 2015 $46.0 $24.2 $77.3 $33.3 Ozark Trust & Investment Corporation On October 29, 2015, 339,290 $17.9 October 29, 2015, $5.8 Prior to the acquisition, Ozark Trust had over $1 1,000 February 2015. A summary, at fair value, of the assets acquired and liabilities assumed in the Ozark Trust transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash $ 1,756 $ -- $ 1,756 Investment securities 241 -- 241 Premises and equipment 1,126 418 1,544 Other intangibles -- 9,733 9,733 Other assets 752 869 1,621 Total assets acquired $ 3,875 $ 11,020 $ 14,895 Liabilities Assumed Deferred tax liability 63 4,175 4,238 Accrued and other liabilities 302 -- 302 Total liabilities assumed 365 4,175 4,540 Equity 3,510 (3,510 ) -- Total equity assumed 3,510 (3,510 ) -- Total liabilities and equity assumed $ 3,875 $ 665 $ 4,540 Net assets acquired 10,355 Purchase price 23,623 Goodwill $ 13,268 During 2015 The Company’s operating results for 2016 2015 78 Delta Trust & Banking Corporation On August 31, 2014, 1,629,515 $65.0 August 29, 2014, $2.4 Prior to the acquisition, Delta Trust conducted banking business from 9 $417 $312 $355 October 24, 2014. A summary, at fair value, of the assets acquired and liabilities assumed in the Delta Trust transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 13,739 $ -- $ 13,739 Investment securities 62,410 (37 ) 62,373 Loans acquired, not covered by FDIC loss share 326,829 (15,149 ) 311,680 Allowance for loan losses (6,008 ) 6,008 -- Foreclosed assets not covered by FDIC loss share 3,262 (1,471 ) 1,791 Premises and equipment 4,405 (433 ) 3,972 Bank owned life insurance 7,530 -- 7,530 Goodwill 822 (822 ) -- Core deposit intangible -- 4,318 4,318 Other intangibles 137 5,003 5,140 Deferred tax asset 1,859 558 2,417 Other assets 5,807 (1,381 ) 4,426 Total assets acquired $ 420,792 $ (3,406 ) $ 417,386 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 63,259 $ -- $ 63,259 Interest bearing transaction accounts and savings deposits 200,596 -- 200,596 Time deposits 91,507 -- 91,507 Total deposits 355,362 -- 355,362 Fed funds purchased 11,100 -- 11,100 FHLB borrowings 11,106 (129 ) 10,977 Accrued interest and other liabilities 1,528 -- 1,528 Total liabilities assumed 379,096 (129 ) 378,967 Equity 41,696 (41,696 ) -- Total equity assumed 41,696 (41,696 ) -- Total liabilities and equity assumed $ 420,792 $ (41,825 ) $ 378,967 Net assets acquired 38,419 Purchase price 67,441 Goodwill $ 29,022 During 2015 The Company’s operating results for 2016, 2015 2014 79 The following is a description of the methods used to determine the fair values of significant assets and liabilities presented in the acquisitions above. Cash and due from banks, time deposits 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 39.225% Other assets Deposits Federal funds purchased and securities sold under agreement to repurchase 80 FHLB borrowings Subordinated debentures Accrued interest and other liabilities |
Note 3 - Investment Securities
Note 3 - Investment Securities | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
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: Years Ended December 31 2016 2015 (In thousands) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Held-to-Maturity U.S. Government agencies $ 76,875 $ 107 $ (182 ) $ 76,800 $ 237,139 $ 582 $ (1,395 ) $ 236,326 Mortgage-backed securities 19,773 63 (249 ) 19,587 24,774 86 (290 ) 24,570 State and political subdivisions 362,532 4,967 (842 ) 366,657 440,676 9,138 (123 ) 449,691 Other securities 2,916 -- -- 2,916 2,784 -- -- 2,784 Total $ 462,096 $ 5,137 $ (1,273 ) $ 465,960 $ 705,373 $ 9,806 $ (1,808 ) $ 713,371 Available-for-Sale U.S. Treasury $ 300 $ -- $ -- $ 300 $ 4,000 $ -- $ (6 ) $ 3,994 U.S. Government agencies 140,005 67 (2,301 ) 137,771 121,017 118 (898 ) 120,237 Mortgage-backed securities 885,783 178 (17,637 ) 868,324 650,619 937 (4,130 ) 647,426 State and political subdivisions 108,374 38 (5,469 ) 102,943 9,762 112 -- 9,874 Other securities 47,022 996 (2 ) 48,016 39,594 420 (138 ) 39,876 Total $ 1,181,484 $ 1,279 $ (25,409 ) $ 1,157,354 $ 824,992 $ 1,587 $ (5,172 ) $ 821,407 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 December 31, 2016 2015, $1.2 $872.4 75.7% 57.1%, 81 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 December 31: Less Than 12 Months 12 Months or More Total (In thousands) Estimated Gross Estimated Gross Estimated Gross December 31, 2016 Held-to-Maturity U.S. Government agencies $ 32,859 $ 141 $ 19,959 $ 41 $ 52,818 $ 182 Mortgage-backed securities 11,833 205 1,465 44 13,298 249 State and political subdivisions 104,974 841 330 1 105,304 842 Total $ 149,666 $ 1,187 $ 21,754 $ 86 $ 171,420 $ 1,273 Available-for-Sale U.S. Government agencies $ 126,325 $ 2,301 $ -- $ -- $ 126,325 $ 2,301 Mortgage-backed securities 833,393 17,637 -- -- 833,393 17,637 State and political subdivisions 94,922 5,469 -- -- 94,922 5,469 Other securities 99 2 -- -- 99 2 Total $ 1,054,739 $ 25,409 $ -- $ -- $ 1,054,739 $ 25,409 December 31, 2015 Held-to-Maturity U.S. Government agencies $ 107,758 $ 567 $ 79,166 $ 828 $ 186,924 $ 1,395 Mortgage-backed securities 7,958 94 8,144 196 16,102 290 State and political subdivisions 27,866 100 3,946 23 31,812 123 Total $ 143,582 $ 761 $ 91,256 $ 1,047 $ 234,838 $ 1,808 Available-for-Sale U.S. Treasury $ 3,994 $ 6 $ -- $ -- $ 3,994 $ 6 U.S. Government agencies 62,473 317 46,023 581 108,496 898 Mortgage-backed securities 523,185 4,130 -- -- 523,185 4,130 State and political subdivisions 281 -- -- -- 281 -- Other securities 1,060 137 510 1 1,570 138 Total $ 590,993 $ 4,590 $ 46,533 $ 582 $ 637,526 $ 5,172 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 December 31, 2016, December 31, 2016, 82 Income earned on the above securities for the years ended December 31, 2016, 2015 2014, (In thousands) 2016 2015 2014 Taxable Held-to-maturity $ 3,778 $ 5,162 $ 5,839 Available-for-sale 17,928 12,129 2,785 Non-taxable Held-to-maturity 10,641 11,635 10,625 Available-for-sale 1,132 1,687 108 Total $ 33,479 $ 30,613 $ 19,357 The amortized cost and estimated fair value by maturity of securities are shown in the following table. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. Accordingly, actual maturities may Held-to-Maturity Available-for-Sale (In thousands) Amortized Fair Amortized Fair Value One year or less $ 52,055 $ 52,034 $ 1,552 $ 1,552 After one through five years 122,870 123,029 96,774 95,688 After five through ten years 105,482 106,097 12,756 12,539 After ten years 161,916 165,213 138,697 132,335 Securities not due on a single maturity date 19,773 19,587 885,783 868,324 Other securities (no maturity) -- -- 45,922 46,916 Total $ 462,096 $ 465,960 $ 1,181,484 $ 1,157,354 The carrying value, which approximates the fair value, of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $915.2 December 31, 2016 $840.4 December 31, 2015. $102.4 $96.8 December 31, 2016 2015, There were $5.8 no December 31, 2016. $350,000 $43,000 December 31, 2015. $199,000 $191,000 December 31, 2014. 39.225% The state and political subdivision debt obligations are primarily non-rated bonds and representing small issuances, primarily in Arkansas, Missouri, Tennessee and Texas, which are evaluated on an ongoing basis. |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 4: LOANS AND ALLOWANCE FOR LOAN LOSSES At December 31, 2016, $5.63 $4.92 December 31, 2015. (In thousands) 2016 2015 Consumer: Credit cards $ 184,591 $ 177,288 Other consumer 303,972 208,380 Total consumer 488,563 385,668 Real estate: Construction 336,759 279,740 Single family residential 904,245 696,180 Other commercial 1,787,075 1,229,072 Total real estate 3,028,079 2,204,992 Commercial: Commercial 639,525 500,116 Agricultural 150,378 148,563 Total commercial 789,903 648,679 Other 20,662 7,115 Loans 4,327,207 3,246,454 Loans acquired, net of discount and allowance (1) 1,305,683 1,672,901 Total loans $ 5,632,890 $ 4,919,355 __________________________________ (1) See Note 5, Loan Origination/Risk Management may seven Consumer Real estate tension tend one 84 Commercial one three Nonaccrual and Past Due Loans may may Nonaccrual loans, excluding loans acquired, at December 31, 2016 2015, (In thousands) 2016 2015 Consumer: Credit cards $ 373 $ 212 Other consumer 1,793 442 Total consumer 2,166 654 Real estate: Construction 3,411 4,955 Single family residential 12,139 5,453 Other commercial 12,385 4,420 Total real estate 27,935 14,828 Commercial: Commercial 7,765 1,968 Agricultural 1,238 264 Total commercial 9,003 2,232 Total $ 39,104 $ 17,714 85 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 December 31, 2016 Consumer: Credit cards $ 716 $ 275 $ 991 $ 183,600 $ 184,591 $ 275 Other consumer 3,786 1,027 4,813 299,159 303,972 11 Total consumer 4,502 1,302 5,804 482,759 488,563 286 Real estate: Construction 1,420 1,246 2,666 334,093 336,759 -- Single family residential 6,310 5,927 12,237 892,008 904,245 14 Other commercial 4,212 6,722 10,934 1,776,141 1,787,075 -- Total real estate 11,942 13,895 25,837 3,002,242 3,028,079 14 Commercial: Commercial 2,040 5,296 7,336 632,189 639,525 -- Agricultural 121 1,215 1,336 149,042 150,378 -- Total commercial 2,161 6,511 8,672 781,231 789,903 -- Other -- -- -- 20,662 20,662 -- Total $ 18,605 $ 21,708 $ 40,313 $ 4,286,894 $ 4,327,207 $ 300 December 31, 2015 Consumer: Credit cards $ 639 $ 479 $ 1,118 $ 176,170 $ 177,288 $ 267 Other consumer 1,879 648 2,527 205,853 208,380 374 Total consumer 2,518 1,127 3,645 382,023 385,668 641 Real estate: Construction 1,328 4,511 5,839 273,901 279,740 -- Single family residential 4,856 3,342 8,198 687,982 696,180 364 Other commercial 869 3,302 4,171 1,224,901 1,229,072 25 Total real estate 7,053 11,155 18,208 2,186,784 2,204,992 389 Commercial: Commercial 3,427 637 4,064 496,052 500,116 90 Agricultural 285 243 528 148,035 148,563 56 Total commercial 3,712 880 4,592 644,087 648,679 146 Other 108 93 201 6,914 7,115 15 Total $ 13,391 $ 13,255 $ 26,646 $ 3,219,808 $ 3,246,454 $ 1,191 Impaired Loans 90 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. 86 Impaired loans, net of government guarantees and excluding loans acquired, segregated by class of loans, are as follows: (In thousands) Unpaid Recorded Recorded Total Related Average Interest December 31, 2016 Consumer: Credit cards $ 373 $ 373 $ -- $ 373 $ -- $ 346 $ 20 Other consumer 1,836 1,797 3 1,800 1 1,066 47 Total consumer 2,209 2,170 3 2,173 1 1,412 67 Real estate: Construction 4,275 1,038 2,374 3,412 156 4,436 196 Single family residential 12,970 10,630 1,753 12,383 162 9,486 419 Other commercial 20,993 6,891 7,315 14,206 99 14,932 659 Total real estate 38,238 18,559 11,442 30,001 417 28,854 1,274 Commercial: Commercial 11,848 2,734 7,573 10,307 262 4,666 206 Agricultural 2,226 1,215 -- 1,215 -- 1,046 46 Total commercial 14,074 3,949 7,573 11,522 262 5,712 252 Total $ 54,521 $ 24,678 $ 19,018 $ 43,696 $ 680 $ 35,978 $ 1,593 December 31, 2015 Consumer: Credit cards $ 479 $ 479 $ -- $ 479 $ 7 $ 411 $ 30 Other consumer 459 423 19 442 85 562 40 Total consumer 938 902 19 921 92 973 70 Real estate: Construction 5,678 1,636 3,318 4,954 441 5,417 390 Single family residential 5,938 4,702 945 5,647 1,034 5,148 370 Other commercial 5,688 4,328 88 4,416 832 3,147 227 Total real estate 17,304 10,666 4,351 15,017 2,307 13,712 987 Commercial: Commercial 2,656 1,654 334 1,988 387 1,736 125 Agricultural 264 264 -- 264 45 254 18 Total commercial 2,920 1,918 334 2,252 432 1,990 143 Total $ 21,162 $ 13,486 $ 4,704 $ 18,190 $ 2,831 $ 16,675 $ 1,200 At December 31, 2016, December 31, 2015, $43.7 $18.2 $680,000 $2.8 December 31, 2016 2015, $1.6 $1.2 $0.8 $36.0 $16.7 $17.5 2016, 2015 2014, 2016, 2015 2014 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) (2) six 87 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 December 31, 2016 Consumer: Other consumer -- $ -- 1 $ 3 1 $ 3 Total consumer -- -- 1 3 1 3 Real estate: Construction -- -- 1 18 1 18 Single-family residential 3 167 29 2,078 32 2,245 Other commercial 23 9,048 2 780 25 9,828 Total real estate 26 9,215 32 2,876 58 12,091 Commercial: Commercial 15 1,783 5 297 20 2,080 Total commercial 15 1,783 5 297 20 2,080 Total 41 $ 10,998 38 $ 3,176 79 $ 14,174 December 31, 2015 Consumer: Other consumer -- $ -- 1 $ 13 1 $ 13 Total consumer -- -- 1 13 1 13 Real estate: Construction -- -- 1 253 1 253 Single-family residential 2 137 11 1,335 13 1,472 Other commercial 4 2,894 1 597 5 3,491 Total real estate 6 3,031 13 2,185 19 5,216 Commercial: Commercial -- -- 5 332 5 332 Total commercial -- -- 5 332 5 332 Total 6 $ 3,031 19 $ 2,530 25 $ 5,561 88 The following table presents loans that were restructured as TDRs during the years ended December 31, 2016 2015, Modification Type (Dollars in thousands) Number of Balance Prior Balance at Change in Change in Financial Impact Year Ended December 31, 2016 Consumer: Other consumer 2 $ 50 $ 11 $ 11 $ -- $ -- Total consumer 2 50 11 11 -- -- Real estate: Single-family residential 23 1,570 1,518 964 554 -- Other commercial 28 10,291 10,260 9,128 1,132 -- Total real estate 51 11,861 11,778 10,092 1,686 -- Commercial: Commercial 17 1,996 1,968 1,968 -- -- Total commercial 17 1,996 1,968 1,968 -- -- Total 70 $ 13,907 $ 13,757 $ 12,071 $ 1,686 $ -- Year Ended December 31, 2015 Consumer: Other consumer 1 $ 13 $ 13 $ 13 $ -- $ -- Total consumer 1 13 13 13 -- -- Real estate: Single-family residential 11 1,179 1,103 1,103 -- -- Other commercial 1 1,097 1,097 1,097 -- -- Total real estate 12 2,276 2,200 2,200 -- -- Commercial: Commercial 5 347 332 332 -- -- Total commercial 5 347 332 332 -- -- Total 18 $ 2,636 $ 2,545 $ 2,545 $ -- $ -- During year ended December 31, 2016, seventy $13.9 12 $402,000 December 31, 2016, fifteen $3.7 During year ended December 31, 2015, eighteen $2.6 12 $113,000 There was one December 31, 2016, 12 $39,000 one December 31, 2016, 12 $31,000 $69,000 no December 31, 2015, 12 90 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 $236,000 $167,000 December 31, 2016 2015, December 31, 2016 2015, $1,714,000 $1,064,000, December 31, 2016 2015, $5,094,000 $5,916,000, 89 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 8. 8 · Risk Rate 1 · Risk Rate 2 · Risk Rate 3 · Risk Rate 4 may may first may one may one · Risk Rate 5 may may may · Risk Rate 6 may · Risk Rate 7 may 90 · Risk Rate 8 may Loans acquired are evaluated using this internal grading system. Loans acquired are evaluated individually and include purchased credit impaired loans of $17.8 $23.5 310 30 6) December 31, 2016 2015, 310 20, $47.8 $49.9 6, 7 8 December 31, 2016 2015, Loans acquired, covered by loss share agreements, had additional protection provided by the FDIC prior to the termination of the loss share agreements. During the 2014 $954,000 $0.4 December 31, 2014. 2015 2016. $954,000 5, Purchased credit impaired loans are loans that showed evidence of deterioration of credit quality prior to acquisition 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 8. may one (1) 6 8 (2) 310 30, $166.0 $153.7 December 31, 2016 December 31, 2015, 91 The following table presents a summary of loans by credit risk rating, segregated by class of loans. Loans accounted for under ASC Topic 310 30 1 4 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2016 Consumer: Credit cards $ 183,943 $ -- $ 648 $ -- $ -- $ 184,591 Other consumer 301,632 26 2,314 -- -- 303,972 Total consumer 485,575 26 2,962 -- -- 488,563 Real estate: Construction 330,080 98 6,565 16 -- 336,759 Single family residential 875,603 4,024 24,460 158 -- 904,245 Other commercial 1,738,207 6,874 41,994 -- -- 1,787,075 Total real estate 2,943,890 10,996 73,019 174 -- 3,028,079 Commercial: Commercial 616,805 558 22,162 -- -- 639,525 Agricultural 148,218 104 2,033 -- 23 150,378 Total commercial 765,023 662 24,195 -- 23 789,903 Other 20,662 -- -- -- -- 20,662 Loans acquired 1,217,886 22,181 64,075 1,541 -- 1,305,683 Total $ 5,433,036 $ 33,865 $ 164,251 $ 1,715 $ 23 $ 5,632,890 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2015 Consumer: Credit cards $ 176,809 $ -- $ 479 $ -- $ -- $ 177,288 Other consumer 207,069 -- 1,262 49 -- 208,380 Total consumer 383,878 -- 1,741 49 -- 385,668 Real estate: Construction 270,386 319 9,019 16 -- 279,740 Single family residential 679,484 2,701 13,824 171 -- 696,180 Other commercial 1,178,817 5,404 44,261 590 -- 1,229,072 Total real estate 2,128,687 8,424 67,104 777 -- 2,204,992 Commercial: Commercial 487,563 2,760 9,787 6 -- 500,116 Agricultural 147,788 -- 775 -- -- 148,563 Total commercial 635,351 2,760 10,562 6 -- 648,679 Other 7,022 -- 93 -- -- 7,115 Loans acquired, not covered by FDIC loss share 1,590,384 9,150 69,219 3,689 459 1,672,901 Total $ 4,745,322 $ 20,334 $ 148,719 $ 4,521 $ 459 $ 4,919,355 92 Net (charge-offs)/recoveries for the years ended December 31, 2016 2015, (In thousands) 2016 2015 Consumer: Credit cards $ (2,288 ) $ (2,217 ) Other consumer (1,459 ) (1,134 ) Total consumer (3,747 ) (3,351 ) Real estate: Construction (16 ) (44 ) Single family residential (706 ) (407 ) Other commercial (6,444 ) (926 ) Total real estate (7,166 ) (1,377 ) Commercial: Commercial (1,255 ) (1,202 ) Agricultural (2,336 ) (33 ) Total commercial (3,591 ) (1,235 ) Total $ (14,504 ) $ (5,963 ) Allowance for Loan Losses Allowance for Loan Losses 310 10, Receivables 450 20, 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) (2) (3) (4) (5) (6) (7) (8) one four 93 The following table details activity in the allowance for loan losses, excluding loans acquired, by portfolio segment for the year ended December 31, 2016. one (In thousands) Commercial Real Credit Other Total December 31, 2016 (1) Balance, beginning of year $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Provision for loan losses (1) 5,345 9,461 2,174 2,459 19,439 Charge-offs (3,956 ) (7,517 ) (3,195 ) (1,975 ) (16,643 ) Recoveries 365 351 907 516 2,139 Net charge-offs (3,591 ) (7,166 ) (2,288 ) (1,459 ) (14,504 ) Balance, end of year (1) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 Period-end amount allocated to: Loans individually evaluated for impairment $ 262 $ 417 $ -- $ 1 $ 680 Loans collectively evaluated for impairment 7,477 21,400 3,779 2,950 35,606 Balance, end of year (1) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 December 31, 2015 (2) Balance, beginning of year $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 Provision for loan losses (1) 258 5,738 665 1,625 8,286 Charge-offs (1,415 ) (1,580 ) (3,107 ) (1,672 ) (7,774 ) Recoveries 180 203 890 538 1,811 Net charge-offs (1,235 ) (1,377 ) (2,217 ) (1,134 ) (5,963 ) Balance, end of year (2) $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Period-end amount allocated to: Loans individually evaluated for impairment $ 432 $ 2,307 $ 7 $ 85 $ 2,831 Loans collectively evaluated for impairment 5,553 17,215 3,886 1,866 28,520 Balance, end of year (2) $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 (1) Provision for loan losses of $626,000 December 31, 2016 December 31, 2016 $20,065,000). $626,000 no $736,000 December 31, 2015 December 31, 2015 $9,022,000). (2) Allowance for loan losses at December 31, 2016, 2015 2014 $954,000 December 31, 2016, 2015 2014 $37,240,000, $32,305,000 $29,982,000, 94 Activity in the allowance for loan losses, excluding allowance on loans acquired, for the year ended December 31, 2014 (In thousands) Commercial Real Credit Other Total December 31, 2014 Balance, beginning of year $ 3,205 $ 16,885 $ 5,430 $ 1,922 $ 27,442 Provision for loan losses 4,475 (606 ) 2,307 706 6,882 Charge-offs (1,044 ) (2,684 ) (3,188 ) (1,638 ) (8,554 ) Recoveries 326 1,566 896 470 3,258 Net charge-offs (718 ) (1,118 ) (2,292 ) (1,168 ) (5,296 ) Balance, end of year $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 The Company’s recorded investment in loans, excluding loans acquired, as of December 31, 2016 2015 (In thousands) Commercial Real Credit Other Total December 31, 2016 Loans individually evaluated for impairment $ 11,522 $ 30,001 $ 373 $ 1,800 $ 43,696 Loans collectively evaluated for impairment 778,381 2,998,078 184,218 322,834 4,283,511 Balance, end of period $ 789,903 $ 3,028,079 $ 184,591 $ 324,634 $ 4,327,207 December 31, 2015 Loans individually evaluated for impairment $ 2,252 $ 15,017 $ 479 $ 442 $ 18,190 Loans collectively evaluated for impairment 646,427 2,189,975 176,809 215,053 3,228,264 Balance, end of period $ 648,679 $ 2,204,992 $ 177,288 $ 215,495 $ 3,246,454 |
Note 5 - Loans Acquired
Note 5 - Loans Acquired | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Loans Acquired [Text Block] | NOTE 5: LOANS ACQUIRED On September 15, 2015, 2010 2012 four Under the terms of the agreement, the FDIC made a net payment of $2,368,000 one $7,476,000. During the third 2016, $340.1 ($348.8 $8.7 2, 310 20, Nonrefundable Fees and Other Costs $757,000 ($1.6 $848,000 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality During the first 2015, $769.9 ($774.8 $4.9 2, 310 20, Nonrefundable Fees and Other Costs $10.7 ($15.7 $5.0 310 30. Also during the first 2015, $1.13 ($1.15 $23.7 2, 310 20. $7.0 ($10.1 $3.1 310 30. During the third 2014, $308.2 ($316.1 $7.9 2, 310 20, Nonrefundable Fees and Other Costs $3.5 ($10.7 $7.2 310 30. See Note 2, 96 The following table reflects the carrying value of all acquired loans as of December 31, 2016 2015: Loans Acquired (in thousands) 2016 2015 Consumer: Credit cards $ -- $ -- Other consumer 49,677 75,606 Total consumer 49,677 75,606 Real estate: Construction 57,587 77,119 Single family residential 423,176 501,002 Other commercial 690,108 854,068 Total real estate 1,170,871 1,432,189 Commercial: Commercial 81,837 154,533 Agricultural 3,298 10,573 Total commercial 85,135 165,106 Total loans acquired (1) $ 1,305,683 $ 1,672,901 (1) Loans acquired are reported net of a $954,000 December 31, 2016 2015. Nonaccrual acquired loans, excluding purchased credit impaired loans accounted for under ASC Topic 310 30, 4, (In thousands) December 31, December 31, Consumer: Other consumer $ 456 $ 71 Total consumer 456 71 Real estate: Construction 7,961 783 Single family residential 13,366 7,795 Other commercial 22,045 6,435 Total real estate 43,372 15,013 Commercial: Commercial 2,806 3,859 Agricultural 198 8 Total commercial 3,004 3,867 Total $ 46,832 $ 18,951 97 An age analysis of past due acquired loans segregated by class of loans, is as follows (see Note 4, (In thousands) Gross 90 Days Total Current Total 90 Days December 31, 2016 Consumer: Other consumer $ 571 $ 189 $ 760 $ 48,917 $ 49,677 $ -- Total consumer 571 189 760 48,917 49,677 -- Real estate: Construction 132 7,332 7,464 50,123 57,587 -- Single family residential 8,358 4,857 13,215 409,961 423,176 11 Other commercial 2,836 10,741 13,577 676,531 690,108 -- Total real estate 11,326 22,930 34,256 1,136,615 1,170,871 11 Commercial: Commercial 723 2,153 2,876 78,961 81,837 -- Agricultural 48 -- 48 3,250 3,298 -- Total commercial 771 2,153 2,924 82,211 85,135 -- Total $ 12,668 $ 25,272 $ 37,940 $ 1,267,743 $ 1,305,683 $ 11 December 31, 2015 Consumer: Other consumer $ 826 $ 122 $ 948 $ 74,658 $ 75,606 $ 57 Total consumer 826 122 948 74,658 75,606 57 Real estate: Construction 736 9,449 10,185 66,934 77,119 410 Single family residential 9,493 4,850 14,343 486,659 501,002 1,246 Other commercial 12,910 7,810 20,720 833,348 854,068 203 Total real estate 23,139 22,109 45,248 1,386,941 1,432,189 1,859 Commercial: Commercial 1,999 2,334 4,333 150,200 154,533 912 Agricultural 114 396 510 10,063 10,573 396 Total commercial 2,113 2,730 4,843 160,263 165,106 1,308 Total $ 26,078 $ 24,961 $ 51,039 $ 1,621,862 $ 1,672,901 $ 3,224 98 The following table presents a summary of acquired loans, at December 31, 2016 2015, 4, 310 30 1 4 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2016 Consumer: Other consumer $ 48,992 $ 14 $ 671 $ -- $ -- $ 49,677 Total consumer 48,992 14 671 -- -- 49,677 Real estate: Construction 50,704 88 6,795 -- -- 57,587 Single family residential 400,553 2,696 18,392 1,535 -- 423,176 Other commercial 641,018 17,384 31,706 -- -- 690,108 Total real estate 1,092,275 20,168 56,893 1,535 -- 1,170,871 Commercial: Commercial 73,609 1,965 6,257 6 -- 81,837 Agricultural 3,010 34 254 -- -- 3,298 Total commercial 76,619 1,999 6,511 6 -- 85,135 Total $ 1,217,886 $ 22,181 $ 64,075 $ 1,541 $ -- $ 1,305,683 December 31, 2015 Consumer: Other consumer $ 75,330 $ -- $ 276 $ -- $ -- $ 75,606 Total consumer 75,330 -- 276 -- -- 75,606 Real estate: Construction 68,775 -- 8,344 -- -- 77,119 Single family residential 479,193 1,490 18,640 1,675 4 501,002 Other commercial 812,537 7,328 33,748 -- 455 854,068 Total real estate 1,360,505 8,818 60,732 1,675 459 1,432,189 Commercial: Commercial 144,239 332 7,948 2,014 -- 154,533 Agricultural 10,310 -- 263 -- -- 10,573 Total commercial 154,549 332 8,211 2,014 -- 165,106 Total $ 1,590,384 $ 9,150 $ 69,219 $ 3,689 $ 459 $ 1,672,901 Loans acquired were individually evaluated and recorded at estimated fair value, including estimated credit losses, at the time of acquisition. These loans are systematically reviewed by the Company to determine the risk of losses that may The following is a summary of the loans acquired in the Citizens acquisition on September 9, 2016, (in thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 348,756 $ 1,605 Non-accretable difference (expected losses and foregone interest) -- (848 ) Cash flows expected to be collected at acquisition 348,756 757 Accretable yield (8,663 ) -- Basis in acquired loans at acquisition $ 340,093 $ 757 99 The following is a summary of the loans acquired in the Liberty acquisition on February 27, 2015, (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 loans acquired in the Community First acquisition on February 27, 2015, (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 following is a summary of the non-covered loans acquired in the Delta acquisition on August 31, 2014, (in thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 316,103 $ 10,726 Non-accretable difference (expected losses and foregone interest) -- (7,023 ) Cash flows expected to be collected at acquisition 316,103 3,703 Accretable yield (7,949 ) (177 ) Basis in acquired loans at acquisition $ 308,154 $ 3,526 The amount of the estimated cash flows expected to be received from the purchased credit impaired loans in excess of the fair values recorded for 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 purchased credit impaired loans, and adjustments may may 100 The impact of the adjustments on the Company’s financial results for the years ended December 31, 2016 2015 (In thousands) 2016 2015 Impact on net interest income $ 3,072 $ 19,995 Non-interest income (1) -- (7,719 ) Net impact to pre-tax income 3,072 12,276 Net impact, net of taxes $ 1,867 $ 7,461 (1) Negative non-interest income resulted from the amortization of the FDIC indemnification assets. Because the Company’s loss share agreements with the FDIC have been terminated, there will be no further indemnification asset amortization. These adjustments will be recognized over the remaining lives of the purchased credit impaired loans. The accretable yield adjustments recorded in future periods will change as the Company continues to evaluate expected cash flows from the purchased credit impaired loans. Changes in the carrying amount of the accretable yield for all purchased impaired loans were as follows for the years ended December 31, 2016, 2015 2014. (in thousands) Accretable Carrying Balance, January 1, 2014 $ 41,385 $ 234,785 Additions 177 3,526 Accretable yield adjustments 9,104 -- Accretion (30,031 ) 30,031 Payments and other reductions, net -- (99,244 ) Balance, December 31, 2014 20,635 169,098 Additions (116 ) 17,750 Accretable yield adjustments 6,593 -- Accretion (21,038 ) 21,038 Payments and other reductions, net (5,120 ) (184,417 ) Balance, December 31, 2015 954 23,469 Additions 19 757 Accretable yield adjustments 5,122 -- Accretion (4,440 ) 4,440 Payments and other reductions, net (10,864 ) Balance, December 31, 2016 $ 1,655 $ 17,802 Purchased impaired loans are evaluated on an individual borrower basis. Because some loans evaluated by the Company, previously covered by loss share agreements, were determined to have experienced impairment in the estimated credit quality or cash flows during 2014, $954,000 2015, $736,000 2015. $954,000 December 31, 2016 2015. The purchase and assumption agreements for the FDIC-assisted acquisitions allowed for the FDIC to recover a portion of the funds previously paid out under the indemnification agreement in the event losses failed to reach the expected loss level under a claw back provision (“true-up provision”). The amount of the true-up provision for each acquisition was measured and recorded at Day 1 101 Under the terms of the loss share termination agreement, the FDIC made a net payment of $2.4 one $7.5 The following table presents a summary of the changes in the FDIC true-up provision for years ended December 31, 2015 2014, September 2015 no December 31, 2016. (in thousands) FDIC True-up Balance, January 1, 2014 $ 6,768 Amortization expense 168 Adjustments related to changes in expected losses 1,372 Balance, December 31, 2014 8,308 Amortization expense 107 Adjustments related to changes in expected losses 720 Loss share termination agreement (9,135 ) Balance, December 31, 2015 $ -- |
Note 6 - Goodwill and Other Int
Note 6 - Goodwill and Other Intangible Assets | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
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 $348.5 December 31, 2016 $327.7 December 31, 2015. $21.5 2016 $95.2 $110.4 $13.3 2015 2016, 2015 2014. Core deposit premiums are amortized over a ten 15 $5.1 2016 $11.3 $14.6 2015 third 2015, $382,000. The Company recorded $591,000 third 2016 $420,000 first 2015. $9.7 fourth 2015 10 15 102 The Company’s goodwill and other intangibles (carrying basis and accumulated amortization) at December 31, 2016 2015 (In thousands) 2016 2015 Goodwill $ 348,505 $ 327,686 Core deposit premiums: Gross carrying amount 48,692 43,648 Accumulated amortization (10,625 ) (6,217 ) Core deposit premiums, net 38,067 37,431 Purchased credit card relationships: Gross carrying amount 2,068 2,068 Accumulated amortization (1,344 ) (931 ) Purchased credit card relationships, net 724 1,137 Books of business intangible: Gross carrying amount 15,884 15,293 Accumulated amortization (1,716 ) (624 ) Books of business intangible, net 14,168 14,669 Other intangible assets, net 52,959 53,237 Total goodwill and other intangible assets $ 401,464 $ 380,923 Core deposit premium amortization expense recorded for the years ended December 31, 2016, 2015 2014 $4.4 $3.9 $1.4 December 31, 2016, 2015 2014 $ 414,000 December 31, 2016, 2015 2014 $1.1 $528,000 $151,000, The Company’s estimated remaining amortization expense on intangibles as of December 31, 2016 (In thousands) Year Amortization 2017 $ 6,202 2018 6,099 2019 5,789 2020 5,777 2021 5,715 Thereafter 23,377 Total $ 52,959 |
Note 7 - Time Deposits
Note 7 - Time Deposits | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 7: TIME DEPOSITS Time deposits included approximately $600,280,000 $625,755,000 $100,000 December 31, 2016 2015, $193,596,000 $186,352,000 $250,000 December 31, 2016 2015, Brokered deposits were $7,040,000 $1,455,000 December 31, 2016 2015, 2017 $928,935,000; 2018 $240,219,000; 2019 $77,481,000; 2020 $27,852,000; 2021 $12,559,000 $14,000 Deposits are the Company's primary funding source for loans and investment securities. The mix and repricing alternatives can significantly affect the cost of this source of funds and, therefore, impact the interest margin. |
Note 8 - Income Taxes
Note 8 - Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 8: INCOME TAXES The provision (benefit) for income taxes for the years ended December 31 (In thousands) 2016 2015 2014 Income taxes currently payable $ 36,792 $ 19,301 $ 23,631 Deferred income taxes 9,832 13,599 (9,029 ) Provision for income taxes $ 46,624 $ 32,900 $ 14,602 The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows as of December 31, 2016 2015: (In thousands) 2016 2015 Deferred tax assets: Loans acquired $ 7,986 $ 14,716 Allowance for loan losses 14,754 12,700 Valuation of foreclosed assets 3,958 11,212 Tax NOLs from acquisition 13,077 14,593 Deferred compensation payable 2,785 2,767 Vacation compensation 1,740 2,250 Accrued equity and other compensation 6,367 5,197 Acquired securities 1,098 1,770 Other accrued liabilities 1,834 1,943 Unrealized loss on available-for-sale securities 9,559 1,655 Other 5,267 3,006 Gross deferred tax assets 68,425 71,809 Deferred tax liabilities: Goodwill and other intangible amortization (29,601 ) (30,550 ) Limitations under IRC Sec 382 -- (3,478 ) Accumulated depreciation (5,370 ) (3,914 ) Other (5,877 ) (4,187 ) Gross deferred tax liabilities (40,848 ) (42,129 ) Net deferred tax asset, included in other assets $ 27,577 $ 29,680 104 A reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense is shown below for the years ended December 31: (In thousands) 2016 2015 2014 Computed at the statutory rate (35%) $ 50,203 $ 37,543 $ 17,601 Increase (decrease) in taxes resulting from: State income taxes, net of federal tax benefit 2,121 2,097 41 Tax exempt interest income (4,207 ) (4,708 ) (3,774 ) Tax exempt earnings on BOLI (905 ) (724 ) (499 ) Section 382 adjustment -- (2,293 ) -- Other differences, net (588 ) 985 1,233 Actual tax provision $ 46,624 $ 32,900 $ 14,602 The Company follows ASC Topic 740, Income Taxes fifty first first 740 The amount of unrecognized tax benefits may Section 382 382 $37.5 382 2028 2035. 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 2013 2013 |
Note 9 - Securities Sold Under
Note 9 - Securities Sold Under Agreements to Repurchase | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | NOTE 9: 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 The gross amount of recognized liabilities for repurchase agreements was $102.4 $96.8 December 31, 2016 2015, December 31, 2016 2015 Remaining Contractual Maturity of the Agreements (In thousands) Overnight and Up to 30 Days 30-90 Days Greater than 90 Total December 31, 2016 Repurchase agreements: U.S. Government agencies $ 101,647 $ -- $ -- $ 757 $ 102,404 December 31, 2015 Repurchase agreements: U.S. Government agencies $ 89,512 $ -- $ -- $ 7,326 $ 96,838 |
Note 10 - Other Borrowings and
Note 10 - Other Borrowings and Subordinated Debentures | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 10: OTHER BORROWINGS AND SUBORDINATED DEBENTURES Debt at December 31, 2016 2015 (In thousands) 2016 2015 Other Borrowings FHLB advances, net of discount, due 2017 to 2033, 0.46% to 7.37% secured by residential real estate loans $ 225,230 $ 109,989 Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured 47,929 52,300 Total other borrowings 273,159 162,289 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 9,225 9,723 Trust preferred securities, net of discount, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly 10,130 9,975 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 5,161 5,167 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 5,105 5,063 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 10,156 10,022 Total subordinated debentures 60,397 60,570 Total other borrowings and subordinated debentures $ 333,556 $ 222,859 During October 2015, $52.3 3.85% 10 5 October 2020. $36 2013 At December 31, 2016, $180.0 one The Company had total FHLB advances of $225.2 December 31, 2016, $1.3 $1.7 December 31, 2016. The trust preferred securities are tax-advantaged issues that qualify for Tier 1 107 Aggregate annual maturities of long-term debt at December 31, 2016 (In thousands) Year Annual 2017 $ 193,714 2018 23,913 2019 7,673 2020 36,429 2021 2,332 Thereafter 69,495 Total $ 333,556 |
Note 11 - Capital Stock
Note 11 - Capital Stock | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Capital Stock Disclosure [Text Block] | NOTE 11: CAPITAL STOCK On February 27, 2009, 40,040,000 $0.01 $80,000,000. On February 27, 2015, 30,852 1 1% February 18, 2016, 9%. January 29, 2016, On July 23, 2012, 850,000 5% may During 2013, 419,564 $25.89 154,136 August 2013. 2, On March 4, 2014 June 18, 2014 1 $300 |
Note 12 - Transactions With Rel
Note 12 - Transactions With Related Parties | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 12: TRANSACTIONS WITH RELATED PARTIES At December 31, 2016 2015, $65.8 2016 $58.4 2015. (In thousands) 2016 2015 Balance, beginning of year $ 58,404 $ 25,142 New extensions of credit 18,298 48,529 Repayments (10,868 ) (15,267 ) Balance, end of year $ 65,834 $ 58,404 In management's opinion, such loans and other extensions of credit and deposits (which were not material) were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management's opinion, these extensions of credit did not involve more than the normal risk of collectability or present other unfavorable features. |
Note 13 - Employee Benefit Plan
Note 13 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 13: EMPLOYEE BENEFIT PLANS Retirement Plans The Company has a 401(k) December 31, 2016, 401(k) one $5,488,000, $6,278,000 $4,496,000 2016, 2015 2014, The Company also provides deferred compensation agreements with certain active and retired officers. The agreements provide monthly payments of retirement compensation for either stated periods or for the life of the participant. The charges to income for the plans were $1,056,000 2016, $804,000 2015 $453,000 2014. Employee Stock Purchase Plan The Company established an Employee Stock Purchase Plan in 2015 $25,000 95% 95% The special stock offering is available to substantially all non-highly compensated employees with at least six may $10,000 85% 85% Stock-Based Compensation Plans The Company’s Board of Directors has adopted various stock-based compensation plans. The plans provide for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock units, and performance stock units. Pursuant to the plans, shares are reserved for future issuance by the Company upon exercise of stock options or awarding of bonus shares granted to directors, officers and other key employees. 109 Stock-based compensation expense for all stock-based compensation awards granted after January 1, 2006, may The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that uses various assumptions. Expected volatility is based on historical volatility of the Company’s stock and other factors. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Forfeitures are estimated at the time of grant, and are based partially on historical experience. The table below summarizes the transactions under the Company's active stock compensation plans at December 31, 2016, 2015 2014, Stock Options Stock Awards Stock Units Number Weighted Number Weighted Number Weighted Balance, December 31, 2013 185 $ 27.04 145 $ 26.00 -- $ -- Granted -- -- 134 37.51 -- -- Stock Options Exercised (65 ) 25.86 -- -- -- -- Stock Awards/Units Vested -- -- (51 ) 30.62 -- -- Forfeited/Expired -- -- (1 ) 26.54 -- -- Balance, December 31, 2014 120 27.72 227 31.88 -- -- Granted 375 44.69 95 43.45 20 37.15 Stock Options Exercised (71 ) 22.57 -- -- -- -- Stock Options from Acquisitions 66 20.43 -- -- -- -- Stock Awards/Units Vested -- -- (131 ) 34.77 -- -- Forfeited/Expired (5 ) 24.49 (20 ) 35.36 -- -- Balance, December 31, 2015 485 40.62 171 35.65 20 37.15 Granted 58 47.02 136 46.92 108 46.95 Stock Options Exercised (64 ) 30.28 -- -- -- -- Stock Awards/Units Vested -- -- (159 ) 41.91 (12 ) 45.54 Forfeited/Expired (6 ) 35.05 (9 ) 43.70 (3 ) 47.02 Balance, December 31, 2016 473 $ 42.85 139 $ 40.96 113 $ 45.40 Exercisable, December 31, 2016 322 $ 41.82 110 The following table summarizes information about stock options under the plans outstanding at December 31, 2016: Options Outstanding Options Exercisable Range of Number Weighted Weighted Number Weighted $17.55 - $21.29 13 4.58 $ 19.93 8 $ 19.58 21.51 - 21.51 2 3.05 21.51 2 21.51 28.42 - 28.42 18 0.38 28.42 18 28.42 30.31 - 30.31 26 1.35 30.31 26 30.31 40.57 - 40.57 41 8.00 40.57 40 40.57 40.72 - 40.72 2 7.88 40.72 1 40.72 44.40 - 44.40 52 8.23 44.40 24 44.40 45.50 - 45.50 258 8.61 45.50 200 45.50 47.02 - 47.02 58 9.05 47.02 -- -- 48.13 - 48.13 3 8.71 48.13 3 48.13 $17.55 - $48.13 473 7.72 $ 42.84 322 $ 41.82 Stock-based compensation expense was $5,451,000 2016, $4,018,000 2015 $1,366,000 2014. $842,000 December 31, 2016. $7.8 December 31, 2016. 2.6 The intrinsic value of stock options outstanding and stock options exercisable at December 31, 2016 $9,128,000 $6,552,000. $62.15 December 31, 2016, 63,712 2016, $2,031,000. 71,368 2015, $2,054,000. 64,720 2014, $957,000. The fair value of the Company’s employee stock options granted is estimated on the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. The weighted-average fair value of stock options granted during the year ended December 31, 2016 $11.64 December 31, 2015 $7.81 December 31, 2014. Year Ended Year Ended Expected dividend yield 1.96 % 2.06 % Expected stock price volatility 27.34 % 16.96 % Risk-free interest rate 2.01 % 2.17 % Expected life of options 7 years 10 years |
Note 14 - Additional Cash Flow
Note 14 - Additional Cash Flow Information | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | NOTE 14: ADDITIONAL CASH FLOW INFORMATION The following table presents additional information on cash payments and non-cash items: (In thousands) 2016 2015 2014 Interest paid $ 22,069 $ 21,700 $ 14,274 Income taxes paid 39,824 20,127 18,832 Transfers of loans not covered by FDIC loss share to foreclosed assets held for sale 17,213 16,456 5,145 Transfers of loans acquired covered by FDIC loss share to foreclosed assets covered by FDIC loss share -- 4,349 5,536 Transfers of foreclosed assets covered by FDIC loss share to foreclosed assets held for sale -- 13,895 -- Transfers of loans acquired covered by FDIC loss share to loans acquired not covered by FDIC loss share -- 88,922 -- Transfers of premises held for sale to foreclosed assets held for sale 652 6,126 -- In connection with the Citizens, Community First, Liberty, Ozark Trust, and Delta Trust acquisitions, accounted for by using the purchase method, the Company acquired assets and assumed liabilities as follows: (In thousands) 2016 2015 2014 Assets acquired $ 585,500 $ 2,996,228 $ 417,386 Liabilities assumed 530,695 2,680,140 378,967 Purchase price 76,300 535,003 67,441 Goodwill $ 21,495 $ 218,915 $ 29,022 |
Note 15 - Other Operating Expen
Note 15 - Other Operating Expenses | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Other Income and Other Expense Disclosure [Text Block] | NOTE 15: OTHER OPERATING EXPENSES Other operating expenses consist of the following: (In thousands) 2016 2015 2014 Professional services $ 14,630 $ 9,583 $ 7,516 Postage 4,599 4,219 3,383 Telephone 4,294 4,817 2,957 Credit card expense 11,328 9,157 8,699 Operating supplies 1,824 2,395 1,964 Amortization of intangibles 5,945 4,889 1,979 Branch right sizing expense 3,600 3,297 4,721 Other expense 27,293 26,338 17,803 Total $ 73,513 $ 64,695 $ 49,022 The Company had aggregate annual equipment rental expense of approximately $2.3 2016, $2.6 2015 $1.9 2014. $1,338,000, $1,463,000 $1,283,000 2016, 2015 2014, $4,643,000 2016, $4,216,000 2015 $3,706,000 2014. |
Note 16 - Disclosures About Fai
Note 16 - Disclosures About Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 16: DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS ASC Topic 820, Fair Value Measurements ASC Topic 820 820 three may · Level 1 · Level 2 1 · Level 3 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 may may may may 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. Available-for-sale securities 1 1 2 may 820, 2 third 16), 1 2 3 1 2 Assets held in trading accounts 1 2 113 The following table sets forth the Company’s financial assets by level within the fair value hierarchy that were measured at fair value on a recurring basis as of December 31, 2016 2015. Fair Value Measurements (In thousands) Fair Value Quoted Prices in Significant Other Significant December 31, 2016 ASSETS Available-for-sale securities U.S. Treasury $ 300 $ 300 $ -- $ -- U.S. Government agencies 137,771 -- 137,771 -- Mortgage-backed securities 868,324 -- 868,324 -- States and political subdivisions 102,943 -- 102,943 -- Other securities 48,016 -- 39,876 -- Assets held in trading accounts 41 -- 41 -- December 31, 2015 ASSETS Available-for-sale securities U.S. Treasury $ 3,994 $ 3,994 $ -- $ -- U.S. Government agencies 120,237 -- 120,237 -- Mortgage-backed securities 647,426 -- 647,426 -- States and political subdivisions 9,874 -- 9,874 -- Other securities 39,876 -- 39,876 -- Assets held in trading accounts 4,422 2,409 2,013 -- 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) 3 114 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 is performed on all loans over $1.5 one two may 1 3 310) Foreclosed assets held for sale 3 December 31, 2016 2015, $26.9 $44.9 The significant unobservable inputs (Level 3) may 3 10% 40% Mortgage loans held for sale may 2 3 3. December 31, 2016 2015, 115 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 December 31, 2016 2015. Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant December 31, 2016 Impaired loans (1) (2) $ 17,154 $ -- $ -- $ 17,154 Foreclosed assets held for sale (1) 17,806 -- -- 17,806 December 31, 2015 Impaired loans (1) (2) $ 19,027 $ -- $ -- $ 19,027 Foreclosed assets held for sale (1) 14,459 -- -- 14,459 (1) (2) $2,384,000 $1,136,000 December 31, 2016 2015, ASC Topic 825, Financial Instruments Cash and cash equivalents 1). Interest bearing balances due from banks 2). Held-to-maturity securities 1). may 2). 1 2 3 Loans 3). Loans acquired 3). FDIC indemnification asset 3). 116 Deposits 2). 3). Federal Funds purchased, securities sold under agreement to repurchase and short-term debt 2). Other borrowings 2). Subordinated debentures 2). Accrued interest receivable/payable 2). 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 117 The estimated fair values, and related carrying amounts, of the Company’s financial instruments not previously disclosed are as follows: Carrying Fair Value Measurements (In thousands) Amount Level 1 Level 2 Level 3 Total December 31, 2016 Financial assets: Cash and cash equivalents $ 285,659 $ 285,659 $ -- $ -- $ 285,659 Interest bearing balances due from banks - time 4,563 -- 4,563 -- 4,563 Held-to-maturity securities 462,096 -- 465,960 -- 465,960 Mortgage loans held for sale 27,788 -- -- 27,788 27,788 Interest receivable 27,788 -- 27,788 -- 27,788 Legacy loans (net of allowance) 4,290,921 -- -- 4,305,165 4,305,165 Loans acquired (net of allowance) 1,305,683 -- -- 1,310,017 1,310,017 Financial liabilities: Non-interest bearing transaction accounts 1,491,676 -- 1,491,676 -- 1,491,676 Interest bearing transaction accounts and savings deposits 3,956,483 -- 3,956,483 -- 3,956,483 Time deposits 1,287,060 -- -- 1,278,339 1,278,339 Federal funds purchased and securities sold under agreements to repurchase 115,029 -- 115,029 -- 115,029 Other borrowings 273,159 -- 292,367 -- 292,367 Subordinated debentures 60,397 -- 55,318 -- 55,318 Interest payable 1,668 -- 1,668 -- 1,668 December 31, 2015 Financial assets Cash and cash equivalents $ 252,262 $ 252,262 $ -- $ -- $ 252,262 Interest bearing balances due from banks - time 14,107 -- 14,105 -- 14,105 Held-to-maturity securities 705,373 -- 713,371 -- 713,371 Mortgage loans held for sale 30,265 -- -- 30,265 30,265 Interest receivable 25,793 -- 25,793 -- 25,793 Legacy loans (net of allowance) 3,215,103 -- -- 3,204,153 3,204,153 Loans acquired (net of allowance) 1,672,901 -- -- 1,667,204 1,667,204 Financial liabilities: Non-interest bearing transaction accounts 1,280,234 -- 1,280,234 -- 1,280,234 Interest bearing transaction accounts and savings deposits 3,485,845 -- 3,485,845 -- 3,485,845 Time deposits 1,320,017 -- -- 1,315,254 1,315,254 Federal funds purchased and securities sold under agreements to repurchase 99,398 -- 99,398 -- 99,398 Other borrowings 162,289 -- 168,254 -- 168,254 Subordinated debentures 60,570 -- 55,954 -- 55,954 Interest payable 1,800 -- 1,800 -- 1,800 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. |
Note 17 - Commitments and Credi
Note 17 - Commitments and Credit Risk | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | NOTE 17: COMMITMENTS AND CREDIT RISK The Company grants agri-business, commercial and residential loans to customers throughout Arkansas, Kansas, Missouri and Tennessee, as well as 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 may may At December 31, 2016, $562,527,000 $1,220,137,000 December 31, 2015, $497,961,000 $805,673,000 Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third $29,362,000 $23,515,000 December 31, 2016 2015, 9 15 December 31, 2016 2015, no At December 31, 2016, 5% |
Note 18 - New Accounting Standa
Note 18 - New Accounting Standards | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | NOTE 18: NEW ACCOUNTING STANDARDS In February 2015, 2015 02 Consolidation (Topic 810): 2015 02”). 2015 02 810 2015 02 December 15, 2015. In May 2015, 2015 08 Business Combinations: Pushdown Accounting – Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 2015 08”). 2015 08 5.J 805 50, 2015 08 In August 2015, 2015 14 Revenue from Contracts with Customers: Deferral of the Effective Date 2015 14”). 2015 14 2014 09 Revenue from Contracts with Customers 2014 09”). ASU2014 09 2015 14 December 15, 2017. 2015 14, 2015 14; In September 2015, 2015 16 Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments 2015 16”). 2015 16 2015 16 2015 16 December 15, 2016 119 In January 2016, 2016 01 Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities 2016 01”). 2016 01 2016 01 December 15, 2017, In February 2016, 2016 02 Leases 2016 02”). 2016 02 2016 02 December 15, 2018, December 31, 2016, In March 2016, 2016 09 Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting 2016 09”). 2016 09 2016 09 December 15, 2016, In June 2016, 2016 13 Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments 2016 13”). 2016 13 2016 13 2016 13 2016 13 December 15, 2019, one first one In August 2016 2016 15 Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments 2016 15”). 2016 15 2016 15 December 15, 2017, 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. |
Note 19 - Contingent Liabilitie
Note 19 - Contingent Liabilities | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 19: 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 20 - Stockholder' Equity
Note 20 - Stockholder' Equity | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 20: STOCKHOLDERS’ EQUITY The Company’s subsidiary bank is subject to a legal limitation on dividends that can be paid to the parent company without prior approval of the applicable regulatory agencies. Under applicable banking laws, the declaration of dividends by Simmons Bank in any year in an amount equal to or greater than 75% 75% December 31, 2016, $3.6 The Company’s subsidiary bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Effective January 1, 2015, July 2013 1 (CET1) 4.5% 1 2.5% CET1 January 1, 2016 0.625% January 1, 2019. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 1 1 December 31, 2016, As of the most recent notification from regulatory agencies, the bank subsidiary was well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Company and its subsidiary bank must maintain minimum total risk-based, Tier 1 1 1 121 The Company’s and the subsidiary Bank’s actual capital amounts and ratios are presented in the following table. Actual Minimum To Be Well (In thousands) Amount Ratio (%) Amount Ratio (%) Amount Ratio (%) As of December 31, 2016 Total Risk-Based Capital Ratio Simmons First National Corporation $ 912,948 15.1 $ 483,681 8.0 $ N/A Simmons Bank 830,921 13.8 481,693 8.0 602,117 10.0 Tier 1 Risk-Based Capital Ratio Simmons First National Corporation 872,707 14.5 361,120 6.0 N/A Simmons Bank 790,673 13.2 359,397 6.0 479,196 8.0 Common Equity Tier 1 Capital Ratio Simmons First National Corporation 812,310 13.5 270,770 4.5 N/A Simmons Bank 790,673 13.2 269,548 4.5 389,347 6.5 Tier 1 Leverage Ratio Simmons First National Corporation 872,707 11.0 317,348 4.0 N/A Simmons Bank 790,673 10.0 316,269 4.0 395,337 5.0 As of December 31, 2015 Total Risk-Based Capital Ratio Simmons First National Corporation $ 843,227 16.7 $ 403,941 8.0 $ N/A Simmons Bank 734,170 14.6 402,285 8.0 502,856 10.0 Tier 1 Risk-Based Capital Ratio Simmons First National Corporation 808,159 16.0 303,060 6.0 N/A Simmons Bank 699,102 13.9 301,771 6.0 402,361 8.0 Common Equity Tier 1 Capital Ratio Simmons First National Corporation 716,737 14.2 227,135 4.5 N/A Simmons Bank 699,102 13.9 226,328 4.5 326,918 6.5 Tier 1 Leverage Ratio Simmons First National Corporation 808,159 11.2 288,628 4.0 N/A Simmons Bank 699,102 9.7 288,289 4.0 360,362 5.0 |
Note 21 - Condensed Financial I
Note 21 - Condensed Financial Information (Parent Company Only) | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | NOTE 21: CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) CONDENSED BALANCE SHEETS DECEMBER 31, 2016 2015 (In thousands) 2016 2015 ASSETS Cash and cash equivalents $ 93,266 $ 119,383 Investment securities 79 2,049 Investments in wholly-owned subsidiaries 1,141,294 1,051,842 Loans 1,083 -- Intangible assets, net 133 133 Premises and equipment 11,534 5,338 Other assets 27,955 28,245 TOTAL ASSETS $ 1,275,344 $ 1,206,990 LIABILITIES Long-term debt $ 108,326 $ 112,870 Other liabilities 15,907 17,265 Total liabilities 124,233 130,135 STOCKHOLDERS’ EQUITY Preferred stock -- 30,852 Common stock 313 303 Surplus 711,976 662,378 Undivided profits 454,034 385,987 Accumulated other comprehensive loss Unrealized depreciation on available-for-sale securities, net of income taxes of ($9,818) and ($1,720) at December 31, 2016 and 2015 respectively (15,212 ) (2,665 ) Total stockholders’ equity 1,151,111 1,076,855 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,275,344 $ 1,206,990 CONDENSED STATEMENTS OF INCOME YEARS ENDED DECEMBER 31, 2016, 2015 2014 (In thousands) 2016 2015 2014 INCOME Dividends from subsidiaries $ 83,710 $ 84,128 $ 43,366 Other income 2,465 2,303 6,927 Income 86,175 86,431 50,293 EXPENSE 21,990 24,594 23,024 Income before income taxes and equity in undistributed net income of subsidiaries 64,185 61,837 27,269 Provision for income taxes (7,557 ) (8,251 ) (6,330 ) Income before equity in undistributed net income of subsidiaries 71,742 70,088 33,599 Equity in undistributed net income of subsidiaries 25,072 4,276 2,089 NET INCOME 96,814 74,364 35,688 Preferred stock dividends 24 257 -- NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 96,790 $ 74,107 $ 35,688 123 CONDENSED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2016, 2015 2014 (In thousands) 2016 2015 2014 NET INCOME $ 96,814 $ 74,364 $ 35,688 OTHER COMPREHENSIVE INCOME Equity in other comprehensive (loss) income of subsidiaries (12,547 ) (1,329 ) 1,666 COMPREHENSIVE INCOME $ 84,267 $ 73,035 $ 37,354 CONDENSED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2016, 2015 2014 (In thousands) 2016 2015 2014 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 96,814 $ 74,364 $ 35,688 Items not requiring (providing) cash Stock-based compensation expense 3,418 4,018 1,423 Depreciation and amortization 700 317 139 Deferred income taxes (2,526 ) 1,287 1,338 Equity in undistributed net income of bank subsidiaries (25,072 ) (4,276 ) (2,089 ) Changes in Other assets 2,816 (15,232 ) (1,296 ) Other liabilities (1,358 ) 13,121 (1,103 ) Net cash provided by operating activities 74,792 73,599 34,100 CASH FLOWS FROM INVESTING ACTIVITIES Net originations of loans (1,710 ) -- -- Net purchases of premises and equipment (6,896 ) 56 (5,435 ) Additional investment in subsidiary -- -- 288 Proceeds from maturities of available-for-sale securities 1,973 -- -- Purchases of available-for-sale securities (3 ) (354 ) 1,504 Cash received (paid) in business combinations (35,048 ) 44,173 (1,640 ) Net cash (used in) provided by investing activities (41,684 ) 43,875 (5,283 ) CASH FLOWS FROM FINANCING ACTIVITIES (Repayment) issuance of long-term debt (4,544 ) 8,126 (2,900 ) Issuance of common stock, net 4,938 3,529 2,023 Dividends paid on preferred stock (24 ) (257 ) -- Dividends paid on common stock (28,743 ) (27,026 ) (15,359 ) Redemption of preferred stock (30,852 ) -- -- Net cash used in financing activities (59,225 ) (15,628 ) (16,236 ) (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (26,117 ) 101,846 12,581 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 119,383 17,537 4,956 CASH AND CASH EQUIVALENTS, END OF YEAR $ 93,266 $ 119,383 $ 17,537 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Nature of Operations and Principles of Consolidation Simmons First National Corporation (the “Company”) is primarily engaged in providing a full range of banking services to individual and corporate customers through its subsidiaries and their branch banks with offices in Arkansas, Kansas, Missouri and Tennessee. The Company is subject to competition from other financial institutions. The Company also is subject to the regulation of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. The consolidated financial statements include the accounts of Simmons First National Corporation and its subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation. |
Segment Reporting, Policy [Policy Text Block] | Operating Segments The Company is organized on a regional basis upon which management makes decisions regarding how to allocate resources and assess performance. Each of the regions provides a group of similar community banking services, including such products and services as loans; time deposits, checking and savings accounts; personal and corporate trust services; credit cards; investment management; insurance; and securities and investment services. Loan products include consumer, real estate, commercial, agricultural, equipment and SBA lending. The individual bank regions have similar operating and economic characteristics and have been reported as one The Company also considers its trust, investment and insurance services to be operating segments. Information on these segments is not reported separately since they do not meet the quantitative thresholds under ASC Topic 280 10 50 12. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and the valuation of covered loans and related indemnification asset. In connection with the determination of the allowance for loan losses and the valuation of foreclosed assets, management obtains independent appraisals for significant properties. |
Reclassification, Policy [Policy Text Block] | Reclassifications Various items within the accompanying consolidated financial statements for previous years have been reclassified to provide more comparative information. These reclassifications had no effect on net earnings. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Equivalents The Company considers all liquid investments with original maturities of three |
Investment, Policy [Policy Text Block] | Investment Securities Held-to-maturity securities, which include any security for which the Company has the positive intent and ability to hold until maturity, are carried at historical cost adjusted for amortization of premiums and accretion of discounts. Premiums and discounts are amortized and accreted, respectively, to interest income using the constant yield method over the period to maturity. Available-for-sale securities, which include any security for which the Company has no immediate plan to sell but which may Trading securities, which include any security held primarily for near-term sale, are carried at fair value. Gains and losses on trading securities are included in other income. The Company applies accounting guidance related to recognition and presentation of other-than-temporary impairment under ASC Topic 320 10. As a result of this guidance, the Company’s consolidated statements of income reflect the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale and held-to-maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. |
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block] | Mortgage Loans Held For Sale Mortgage loans held for sale are carried at the lower of cost or fair value, determined using an aggregate basis. Write-downs to fair value are recognized as a charge to earnings at the time the decline in value occurs. Forward commitments to sell mortgage loans are acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sale. The forward commitments acquired by the Company for mortgage loans in process of origination are not mandatory forward commitments. These commitments are structured on a best efforts basis; therefore, the Company is not required to substitute another loan or to buy back the commitment if the original loan does not fund. Typically, the Company delivers the mortgage loans within a few days after the loans are funded. These commitments are derivative instruments and their fair values at December 31, 2016 2015 |
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] | Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-offs are reported at their outstanding principal adjusted for any loans charged off, the allowance for loan losses and any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans, except on certain government guaranteed loans, is discontinued at the time the loan is 90 Discounts and premiums on purchased residential real estate loans are amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method. For discussion of the Company’s accounting for acquired loans, see Acquisition Accounting, Covered Loans and Related Indemnification Asset later in this section. |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses The allowance for loan losses is management’s estimate of probable losses in the loan portfolio. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Allocations to the allowance for loan losses are categorized as either general reserves or specific reserves. The allowance for loan losses is calculated monthly based on management’s assessment of several factors such as (1) (2) (3) (4) (5) (6) (7) (8) one four Specific reserves are provided on loans that are considered impaired when it is probable that we will not receive all amounts due according to the contractual terms of the loan, including scheduled principal and interest payments. This includes loans that are delinquent 90 90 Management’s evaluation of the allowance for loan losses is inherently subjective as it requires material estimates. The actual amounts of loan losses realized in the near term could differ from the amounts estimated in arriving at the allowance for loan losses reported in the financial statements. |
Commitments and Contingencies, Policy [Policy Text Block] | Reserve for Unfunded Commitments In addition to the allowance for loan losses, the Company has established a reserve for unfunded commitments, classified in other liabilities. This reserve is maintained at a level sufficient to absorb losses arising from unfunded loan commitments. The adequacy of the reserve for unfunded commitments is determined monthly based on methodology similar to the Company’s methodology for determining the allowance for loan losses. Net adjustments to the reserve for unfunded commitments are included in other non-interest expense. |
Business Combinations Policy [Policy Text Block] | Acquisition Accounting, Acquired Loans The Company accounts for its acquisitions under ASC Topic 805, Business Combinations 820. The Company evaluates non-impaired loans acquired in accordance with the provisions of ASC Topic 310 20, Nonrefundable Fees and Other Costs 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality For impaired loans accounted for under ASC Topic 310 30, |
Deteriorated Loans Transferred in, Policy [Policy Text Block] | Covered Loans and Related Indemnification Asset In September 2015, 2010 2012 four Under the terms of the agreement, the FDIC made a net payment of $2,368,000 one $7,476,000. For further discussion of our acquisition and loan accounting, see Note 2, 5, |
Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are capitalized and amortized by the straight-line method over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. |
Premises Held-for-sale, Policy [Policy Text Block] | Premises Held for Sale The Company records premises held for sale at the lower of (1) (2) |
Real Estate Held for Development and Sale, Policy [Policy Text Block] | Foreclosed Assets Held For Sale Assets acquired by foreclosure or in settlement of debt and held for sale are valued at estimated fair value as of the date of foreclosure, and a related valuation allowance is provided for estimated costs to sell the assets. Management evaluates the value of foreclosed assets held for sale periodically and increases the valuation allowance for any subsequent declines in fair value. Changes in the valuation allowance are charged or credited to other expense. |
Bank Owned Life Insurance [Policy Text Block] | Bank Owned Life Insurance The Company maintains bank-owned life insurance policies on certain current and former employees and directors, which are recorded at their cash surrender values as determined by the insurance carriers. The appreciation in the cash surrender value of the policies is recognized as a component of non-interest income in the Company’s consolidated statements of income. |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that also lack physical substance but can be separately distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. The Company performs an annual goodwill impairment test, and more frequently if circumstances warrant, in accordance with ASC Topic 350, Intangibles – Goodwill and Other 350 may |
Derivatives, Policy [Policy Text Block] | Derivative Financial Instruments The Company may $99.2 December 31, 2016, $61.3 December 31, 2015. |
Repurchase and Resale Agreements Policy [Policy Text Block] | Securities Sold Under Agreements to Repurchase The Company sells securities under agreements to repurchase to meet customer needs for sweep accounts. At the point funds deposited by customers become investable, those funds are used to purchase securities owned by the Company and held in its general account with the designation of Customers’ Securities. A third |
Investment Banking Fees, Policy [Policy Text Block] | Bankcard Fee Income Periodic bankcard fees, net of direct origination costs, are recognized as revenue on a straight-line basis over the period the fee entitles the cardholder to use the card. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance in ASC Topic 740, Income Taxes two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 50 The Company files consolidated income tax returns with its subsidiaries. |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share Basic earnings per share are computed based on the weighted average number of shares outstanding during each year. Diluted earnings per share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period. The computation of per share earnings is as follows: (In thousands, except per share data) 2016 2015 2014 Net income available to common shareholders $ 96,790 $ 74,107 $ 35,688 Average common shares outstanding 30,646 28,084 16,879 Average potential dilutive common shares 318 126 43 Average diluted common shares 30,964 28,210 16,922 Basic earnings per share $ 3.16 $ 2.64 $ 2.11 Diluted earnings per share $ 3.13 $ 2.63 $ 2.11 There were no stock options excluded from the earnings per share calculation due to the related exercise price exceeding the average market price for the years ended December 31, 2016, 2015 2014. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation The Company has adopted various stock-based 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 exercise of stock options or awarding of bonus shares granted to directors, officers and other key employees. In accordance with ASC Topic 718, Compensation – Stock Compensation 13, |
Subsequent Events, Policy [Policy Text Block] | Subsequent Events On January 17, 2017, Hardeman County Investment Company, Inc. (Pending Acquisition) On November 17, 2016, $72.2 ten November 15, 2016), first Hardeman conducts banking business from 10 December 31, 2016, $477 $255 $395 second 2017 Southwest Bancorp, Inc. (Pending Acquisition) On December 14, 2016, $564.4 December 13, 2016), first SBI conducts banking business from 31 December 31, 2016, $2.5 $1.9 $1.9 third 2017 First Texas BHC, Inc. (Pending Acquisition) On January 23, 2017, $462 January 20, 2017), first First Texas conducts banking business from 16 December 31, 2016, $2.1 $1.8 $1.7 third 2017 |
Note 1 - Summary of Significa31
Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (In thousands, except per share data) 2016 2015 2014 Net income available to common shareholders $ 96,790 $ 74,107 $ 35,688 Average common shares outstanding 30,646 28,084 16,879 Average potential dilutive common shares 318 126 43 Average diluted common shares 30,964 28,210 16,922 Basic earnings per share $ 3.16 $ 2.64 $ 2.11 Diluted earnings per share $ 3.13 $ 2.63 $ 2.11 |
Note 2 - Acquisitions (Tables)
Note 2 - Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
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 $ 131,467 $ -- $ 131,467 Federal funds sold 10,000 -- 10,000 Investment securities 61,987 1 61,988 Loans acquired 350,361 (9,511 ) 340,850 Allowance for loan losses (4,313 ) 4,313 -- Foreclosed assets 4,960 (1,518 ) 3,442 Premises and equipment 6,746 1,339 8,085 Bank owned life insurance 6,632 -- 6,632 Core deposit intangible -- 5,075 5,075 Other intangibles -- 591 591 Other assets 17,364 6 17,370 Total assets acquired $ 585,204 $ 296 $ 585,500 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 109,281 $ -- $ 109,281 Interest bearing transaction accounts and savings deposits 204,912 -- 204,912 Time deposits 195,664 -- 195,664 Total deposits 509,857 -- 509,857 Securities sold under agreement to repurchase 13,233 -- 13,233 FHLB borrowings 4,000 47 4,047 Accrued interest and other liabilities 3,558 -- 3,558 Total liabilities assumed 530,648 47 530,695 Equity 54,556 (54,556 ) -- Total equity assumed 54,556 (54,556 ) -- Total liabilities and equity assumed $ 585,204 $ (54,509 ) $ 530,695 Net assets acquired 54,805 Purchase price 76,300 Goodwill $ 21,495 (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 (3,112 ) 14,591 Total assets acquired $ 1,061,567 $ 4,705 $ 1,066,272 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 (510 ) 20,110 Accrued interest and other liabilities 7,828 300 8,128 Total liabilities assumed 949,290 13 949,303 Equity 112,277 (112,277 ) -- Total equity assumed 112,277 (112,277 ) -- Total liabilities and equity assumed $ 1,061,567 $ (112,264 ) $ 949,303 Net assets acquired 116,969 Purchase price 212,176 Goodwill $ 95,207 (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 3,538 7,238 Other assets 11,474 -- 11,474 Total assets acquired $ 1,918,325 $ (3,264 ) $ 1,915,061 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 143,047 674 143,721 Subordinated debentures 21,754 (840 ) 20,914 Accrued interest and other liabilities 8,769 601 9,370 Total liabilities assumed 1,725,013 1,284 1,726,297 Equity 193,312 (193,312 ) -- Total equity assumed 193,312 (193,312 ) -- Total liabilities and equity assumed $ 1,918,325 $ (192,028 ) $ 1,726,297 Net assets acquired 188,764 Purchase price 299,204 Goodwill $ 110,440 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash $ 1,756 $ -- $ 1,756 Investment securities 241 -- 241 Premises and equipment 1,126 418 1,544 Other intangibles -- 9,733 9,733 Other assets 752 869 1,621 Total assets acquired $ 3,875 $ 11,020 $ 14,895 Liabilities Assumed Deferred tax liability 63 4,175 4,238 Accrued and other liabilities 302 -- 302 Total liabilities assumed 365 4,175 4,540 Equity 3,510 (3,510 ) -- Total equity assumed 3,510 (3,510 ) -- Total liabilities and equity assumed $ 3,875 $ 665 $ 4,540 Net assets acquired 10,355 Purchase price 23,623 Goodwill $ 13,268 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 13,739 $ -- $ 13,739 Investment securities 62,410 (37 ) 62,373 Loans acquired, not covered by FDIC loss share 326,829 (15,149 ) 311,680 Allowance for loan losses (6,008 ) 6,008 -- Foreclosed assets not covered by FDIC loss share 3,262 (1,471 ) 1,791 Premises and equipment 4,405 (433 ) 3,972 Bank owned life insurance 7,530 -- 7,530 Goodwill 822 (822 ) -- Core deposit intangible -- 4,318 4,318 Other intangibles 137 5,003 5,140 Deferred tax asset 1,859 558 2,417 Other assets 5,807 (1,381 ) 4,426 Total assets acquired $ 420,792 $ (3,406 ) $ 417,386 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 63,259 $ -- $ 63,259 Interest bearing transaction accounts and savings deposits 200,596 -- 200,596 Time deposits 91,507 -- 91,507 Total deposits 355,362 -- 355,362 Fed funds purchased 11,100 -- 11,100 FHLB borrowings 11,106 (129 ) 10,977 Accrued interest and other liabilities 1,528 -- 1,528 Total liabilities assumed 379,096 (129 ) 378,967 Equity 41,696 (41,696 ) -- Total equity assumed 41,696 (41,696 ) -- Total liabilities and equity assumed $ 420,792 $ (41,825 ) $ 378,967 Net assets acquired 38,419 Purchase price 67,441 Goodwill $ 29,022 |
Business Acquisition, Pro Forma Information [Table Text Block] | Years Ended December 31 (In thousands, except per share data) 2015 2014 Revenue (1) $ 395,959 $ 390,606 Net income $ 85,773 $ 64,166 Earnings per share $ 2.68 $ 2.24 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Investment [Table Text Block] | Years Ended December 31 2016 2015 (In thousands) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Held-to-Maturity U.S. Government agencies $ 76,875 $ 107 $ (182 ) $ 76,800 $ 237,139 $ 582 $ (1,395 ) $ 236,326 Mortgage-backed securities 19,773 63 (249 ) 19,587 24,774 86 (290 ) 24,570 State and political subdivisions 362,532 4,967 (842 ) 366,657 440,676 9,138 (123 ) 449,691 Other securities 2,916 -- -- 2,916 2,784 -- -- 2,784 Total $ 462,096 $ 5,137 $ (1,273 ) $ 465,960 $ 705,373 $ 9,806 $ (1,808 ) $ 713,371 Available-for-Sale U.S. Treasury $ 300 $ -- $ -- $ 300 $ 4,000 $ -- $ (6 ) $ 3,994 U.S. Government agencies 140,005 67 (2,301 ) 137,771 121,017 118 (898 ) 120,237 Mortgage-backed securities 885,783 178 (17,637 ) 868,324 650,619 937 (4,130 ) 647,426 State and political subdivisions 108,374 38 (5,469 ) 102,943 9,762 112 -- 9,874 Other securities 47,022 996 (2 ) 48,016 39,594 420 (138 ) 39,876 Total $ 1,181,484 $ 1,279 $ (25,409 ) $ 1,157,354 $ 824,992 $ 1,587 $ (5,172 ) $ 821,407 |
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 December 31, 2016 Held-to-Maturity U.S. Government agencies $ 32,859 $ 141 $ 19,959 $ 41 $ 52,818 $ 182 Mortgage-backed securities 11,833 205 1,465 44 13,298 249 State and political subdivisions 104,974 841 330 1 105,304 842 Total $ 149,666 $ 1,187 $ 21,754 $ 86 $ 171,420 $ 1,273 Available-for-Sale U.S. Government agencies $ 126,325 $ 2,301 $ -- $ -- $ 126,325 $ 2,301 Mortgage-backed securities 833,393 17,637 -- -- 833,393 17,637 State and political subdivisions 94,922 5,469 -- -- 94,922 5,469 Other securities 99 2 -- -- 99 2 Total $ 1,054,739 $ 25,409 $ -- $ -- $ 1,054,739 $ 25,409 December 31, 2015 Held-to-Maturity U.S. Government agencies $ 107,758 $ 567 $ 79,166 $ 828 $ 186,924 $ 1,395 Mortgage-backed securities 7,958 94 8,144 196 16,102 290 State and political subdivisions 27,866 100 3,946 23 31,812 123 Total $ 143,582 $ 761 $ 91,256 $ 1,047 $ 234,838 $ 1,808 Available-for-Sale U.S. Treasury $ 3,994 $ 6 $ -- $ -- $ 3,994 $ 6 U.S. Government agencies 62,473 317 46,023 581 108,496 898 Mortgage-backed securities 523,185 4,130 -- -- 523,185 4,130 State and political subdivisions 281 -- -- -- 281 -- Other securities 1,060 137 510 1 1,570 138 Total $ 590,993 $ 4,590 $ 46,533 $ 582 $ 637,526 $ 5,172 |
Investment Income [Table Text Block] | (In thousands) 2016 2015 2014 Taxable Held-to-maturity $ 3,778 $ 5,162 $ 5,839 Available-for-sale 17,928 12,129 2,785 Non-taxable Held-to-maturity 10,641 11,635 10,625 Available-for-sale 1,132 1,687 108 Total $ 33,479 $ 30,613 $ 19,357 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Held-to-Maturity Available-for-Sale (In thousands) Amortized Fair Amortized Fair Value One year or less $ 52,055 $ 52,034 $ 1,552 $ 1,552 After one through five years 122,870 123,029 96,774 95,688 After five through ten years 105,482 106,097 12,756 12,539 After ten years 161,916 165,213 138,697 132,335 Securities not due on a single maturity date 19,773 19,587 885,783 868,324 Other securities (no maturity) -- -- 45,922 46,916 Total $ 462,096 $ 465,960 $ 1,181,484 $ 1,157,354 |
Note 4 - Loans and Allowance 34
Note 4 - Loans and Allowance for Loan Losses (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) 2016 2015 Consumer: Credit cards $ 184,591 $ 177,288 Other consumer 303,972 208,380 Total consumer 488,563 385,668 Real estate: Construction 336,759 279,740 Single family residential 904,245 696,180 Other commercial 1,787,075 1,229,072 Total real estate 3,028,079 2,204,992 Commercial: Commercial 639,525 500,116 Agricultural 150,378 148,563 Total commercial 789,903 648,679 Other 20,662 7,115 Loans 4,327,207 3,246,454 Loans acquired, net of discount and allowance (1) 1,305,683 1,672,901 Total loans $ 5,632,890 $ 4,919,355 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) 2016 2015 Consumer: Credit cards $ 373 $ 212 Other consumer 1,793 442 Total consumer 2,166 654 Real estate: Construction 3,411 4,955 Single family residential 12,139 5,453 Other commercial 12,385 4,420 Total real estate 27,935 14,828 Commercial: Commercial 7,765 1,968 Agricultural 1,238 264 Total commercial 9,003 2,232 Total $ 39,104 $ 17,714 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days December 31, 2016 Consumer: Credit cards $ 716 $ 275 $ 991 $ 183,600 $ 184,591 $ 275 Other consumer 3,786 1,027 4,813 299,159 303,972 11 Total consumer 4,502 1,302 5,804 482,759 488,563 286 Real estate: Construction 1,420 1,246 2,666 334,093 336,759 -- Single family residential 6,310 5,927 12,237 892,008 904,245 14 Other commercial 4,212 6,722 10,934 1,776,141 1,787,075 -- Total real estate 11,942 13,895 25,837 3,002,242 3,028,079 14 Commercial: Commercial 2,040 5,296 7,336 632,189 639,525 -- Agricultural 121 1,215 1,336 149,042 150,378 -- Total commercial 2,161 6,511 8,672 781,231 789,903 -- Other -- -- -- 20,662 20,662 -- Total $ 18,605 $ 21,708 $ 40,313 $ 4,286,894 $ 4,327,207 $ 300 December 31, 2015 Consumer: Credit cards $ 639 $ 479 $ 1,118 $ 176,170 $ 177,288 $ 267 Other consumer 1,879 648 2,527 205,853 208,380 374 Total consumer 2,518 1,127 3,645 382,023 385,668 641 Real estate: Construction 1,328 4,511 5,839 273,901 279,740 -- Single family residential 4,856 3,342 8,198 687,982 696,180 364 Other commercial 869 3,302 4,171 1,224,901 1,229,072 25 Total real estate 7,053 11,155 18,208 2,186,784 2,204,992 389 Commercial: Commercial 3,427 637 4,064 496,052 500,116 90 Agricultural 285 243 528 148,035 148,563 56 Total commercial 3,712 880 4,592 644,087 648,679 146 Other 108 93 201 6,914 7,115 15 Total $ 13,391 $ 13,255 $ 26,646 $ 3,219,808 $ 3,246,454 $ 1,191 |
Impaired Financing Receivables [Table Text Block] | (In thousands) Unpaid Recorded Recorded Total Related Average Interest December 31, 2016 Consumer: Credit cards $ 373 $ 373 $ -- $ 373 $ -- $ 346 $ 20 Other consumer 1,836 1,797 3 1,800 1 1,066 47 Total consumer 2,209 2,170 3 2,173 1 1,412 67 Real estate: Construction 4,275 1,038 2,374 3,412 156 4,436 196 Single family residential 12,970 10,630 1,753 12,383 162 9,486 419 Other commercial 20,993 6,891 7,315 14,206 99 14,932 659 Total real estate 38,238 18,559 11,442 30,001 417 28,854 1,274 Commercial: Commercial 11,848 2,734 7,573 10,307 262 4,666 206 Agricultural 2,226 1,215 -- 1,215 -- 1,046 46 Total commercial 14,074 3,949 7,573 11,522 262 5,712 252 Total $ 54,521 $ 24,678 $ 19,018 $ 43,696 $ 680 $ 35,978 $ 1,593 December 31, 2015 Consumer: Credit cards $ 479 $ 479 $ -- $ 479 $ 7 $ 411 $ 30 Other consumer 459 423 19 442 85 562 40 Total consumer 938 902 19 921 92 973 70 Real estate: Construction 5,678 1,636 3,318 4,954 441 5,417 390 Single family residential 5,938 4,702 945 5,647 1,034 5,148 370 Other commercial 5,688 4,328 88 4,416 832 3,147 227 Total real estate 17,304 10,666 4,351 15,017 2,307 13,712 987 Commercial: Commercial 2,656 1,654 334 1,988 387 1,736 125 Agricultural 264 264 -- 264 45 254 18 Total commercial 2,920 1,918 334 2,252 432 1,990 143 Total $ 21,162 $ 13,486 $ 4,704 $ 18,190 $ 2,831 $ 16,675 $ 1,200 |
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 December 31, 2016 Consumer: Other consumer -- $ -- 1 $ 3 1 $ 3 Total consumer -- -- 1 3 1 3 Real estate: Construction -- -- 1 18 1 18 Single-family residential 3 167 29 2,078 32 2,245 Other commercial 23 9,048 2 780 25 9,828 Total real estate 26 9,215 32 2,876 58 12,091 Commercial: Commercial 15 1,783 5 297 20 2,080 Total commercial 15 1,783 5 297 20 2,080 Total 41 $ 10,998 38 $ 3,176 79 $ 14,174 December 31, 2015 Consumer: Other consumer -- $ -- 1 $ 13 1 $ 13 Total consumer -- -- 1 13 1 13 Real estate: Construction -- -- 1 253 1 253 Single-family residential 2 137 11 1,335 13 1,472 Other commercial 4 2,894 1 597 5 3,491 Total real estate 6 3,031 13 2,185 19 5,216 Commercial: Commercial -- -- 5 332 5 332 Total commercial -- -- 5 332 5 332 Total 6 $ 3,031 19 $ 2,530 25 $ 5,561 |
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 Year Ended December 31, 2016 Consumer: Other consumer 2 $ 50 $ 11 $ 11 $ -- $ -- Total consumer 2 50 11 11 -- -- Real estate: Single-family residential 23 1,570 1,518 964 554 -- Other commercial 28 10,291 10,260 9,128 1,132 -- Total real estate 51 11,861 11,778 10,092 1,686 -- Commercial: Commercial 17 1,996 1,968 1,968 -- -- Total commercial 17 1,996 1,968 1,968 -- -- Total 70 $ 13,907 $ 13,757 $ 12,071 $ 1,686 $ -- Year Ended December 31, 2015 Consumer: Other consumer 1 $ 13 $ 13 $ 13 $ -- $ -- Total consumer 1 13 13 13 -- -- Real estate: Single-family residential 11 1,179 1,103 1,103 -- -- Other commercial 1 1,097 1,097 1,097 -- -- Total real estate 12 2,276 2,200 2,200 -- -- Commercial: Commercial 5 347 332 332 -- -- Total commercial 5 347 332 332 -- -- Total 18 $ 2,636 $ 2,545 $ 2,545 $ -- $ -- |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2016 Consumer: Credit cards $ 183,943 $ -- $ 648 $ -- $ -- $ 184,591 Other consumer 301,632 26 2,314 -- -- 303,972 Total consumer 485,575 26 2,962 -- -- 488,563 Real estate: Construction 330,080 98 6,565 16 -- 336,759 Single family residential 875,603 4,024 24,460 158 -- 904,245 Other commercial 1,738,207 6,874 41,994 -- -- 1,787,075 Total real estate 2,943,890 10,996 73,019 174 -- 3,028,079 Commercial: Commercial 616,805 558 22,162 -- -- 639,525 Agricultural 148,218 104 2,033 -- 23 150,378 Total commercial 765,023 662 24,195 -- 23 789,903 Other 20,662 -- -- -- -- 20,662 Loans acquired 1,217,886 22,181 64,075 1,541 -- 1,305,683 Total $ 5,433,036 $ 33,865 $ 164,251 $ 1,715 $ 23 $ 5,632,890 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2015 Consumer: Credit cards $ 176,809 $ -- $ 479 $ -- $ -- $ 177,288 Other consumer 207,069 -- 1,262 49 -- 208,380 Total consumer 383,878 -- 1,741 49 -- 385,668 Real estate: Construction 270,386 319 9,019 16 -- 279,740 Single family residential 679,484 2,701 13,824 171 -- 696,180 Other commercial 1,178,817 5,404 44,261 590 -- 1,229,072 Total real estate 2,128,687 8,424 67,104 777 -- 2,204,992 Commercial: Commercial 487,563 2,760 9,787 6 -- 500,116 Agricultural 147,788 -- 775 -- -- 148,563 Total commercial 635,351 2,760 10,562 6 -- 648,679 Other 7,022 -- 93 -- -- 7,115 Loans acquired, not covered by FDIC loss share 1,590,384 9,150 69,219 3,689 459 1,672,901 Total $ 4,745,322 $ 20,334 $ 148,719 $ 4,521 $ 459 $ 4,919,355 |
Schedule of Net (charge-offs)/recoveries, excluding loans acquired [Table Text Block] | (In thousands) 2016 2015 Consumer: Credit cards $ (2,288 ) $ (2,217 ) Other consumer (1,459 ) (1,134 ) Total consumer (3,747 ) (3,351 ) Real estate: Construction (16 ) (44 ) Single family residential (706 ) (407 ) Other commercial (6,444 ) (926 ) Total real estate (7,166 ) (1,377 ) Commercial: Commercial (1,255 ) (1,202 ) Agricultural (2,336 ) (33 ) Total commercial (3,591 ) (1,235 ) Total $ (14,504 ) $ (5,963 ) |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (In thousands) Commercial Real Credit Other Total December 31, 2016 (1) Balance, beginning of year $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Provision for loan losses (1) 5,345 9,461 2,174 2,459 19,439 Charge-offs (3,956 ) (7,517 ) (3,195 ) (1,975 ) (16,643 ) Recoveries 365 351 907 516 2,139 Net charge-offs (3,591 ) (7,166 ) (2,288 ) (1,459 ) (14,504 ) Balance, end of year (1) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 Period-end amount allocated to: Loans individually evaluated for impairment $ 262 $ 417 $ -- $ 1 $ 680 Loans collectively evaluated for impairment 7,477 21,400 3,779 2,950 35,606 Balance, end of year (1) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 December 31, 2015 (2) Balance, beginning of year $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 Provision for loan losses (1) 258 5,738 665 1,625 8,286 Charge-offs (1,415 ) (1,580 ) (3,107 ) (1,672 ) (7,774 ) Recoveries 180 203 890 538 1,811 Net charge-offs (1,235 ) (1,377 ) (2,217 ) (1,134 ) (5,963 ) Balance, end of year (2) $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Period-end amount allocated to: Loans individually evaluated for impairment $ 432 $ 2,307 $ 7 $ 85 $ 2,831 Loans collectively evaluated for impairment 5,553 17,215 3,886 1,866 28,520 Balance, end of year (2) $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 (In thousands) Commercial Real Credit Other Total December 31, 2014 Balance, beginning of year $ 3,205 $ 16,885 $ 5,430 $ 1,922 $ 27,442 Provision for loan losses 4,475 (606 ) 2,307 706 6,882 Charge-offs (1,044 ) (2,684 ) (3,188 ) (1,638 ) (8,554 ) Recoveries 326 1,566 896 470 3,258 Net charge-offs (718 ) (1,118 ) (2,292 ) (1,168 ) (5,296 ) Balance, end of year $ 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 December 31, 2016 Loans individually evaluated for impairment $ 11,522 $ 30,001 $ 373 $ 1,800 $ 43,696 Loans collectively evaluated for impairment 778,381 2,998,078 184,218 322,834 4,283,511 Balance, end of period $ 789,903 $ 3,028,079 $ 184,591 $ 324,634 $ 4,327,207 December 31, 2015 Loans individually evaluated for impairment $ 2,252 $ 15,017 $ 479 $ 442 $ 18,190 Loans collectively evaluated for impairment 646,427 2,189,975 176,809 215,053 3,228,264 Balance, end of period $ 648,679 $ 2,204,992 $ 177,288 $ 215,495 $ 3,246,454 |
Note 5 - Loans Acquired (Tables
Note 5 - Loans Acquired (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Carrying Value Of All Acquired Impaired Loans [Table Text Block] | Loans Acquired (in thousands) 2016 2015 Consumer: Credit cards $ -- $ -- Other consumer 49,677 75,606 Total consumer 49,677 75,606 Real estate: Construction 57,587 77,119 Single family residential 423,176 501,002 Other commercial 690,108 854,068 Total real estate 1,170,871 1,432,189 Commercial: Commercial 81,837 154,533 Agricultural 3,298 10,573 Total commercial 85,135 165,106 Total loans acquired (1) $ 1,305,683 $ 1,672,901 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) 2016 2015 Consumer: Credit cards $ 373 $ 212 Other consumer 1,793 442 Total consumer 2,166 654 Real estate: Construction 3,411 4,955 Single family residential 12,139 5,453 Other commercial 12,385 4,420 Total real estate 27,935 14,828 Commercial: Commercial 7,765 1,968 Agricultural 1,238 264 Total commercial 9,003 2,232 Total $ 39,104 $ 17,714 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days December 31, 2016 Consumer: Credit cards $ 716 $ 275 $ 991 $ 183,600 $ 184,591 $ 275 Other consumer 3,786 1,027 4,813 299,159 303,972 11 Total consumer 4,502 1,302 5,804 482,759 488,563 286 Real estate: Construction 1,420 1,246 2,666 334,093 336,759 -- Single family residential 6,310 5,927 12,237 892,008 904,245 14 Other commercial 4,212 6,722 10,934 1,776,141 1,787,075 -- Total real estate 11,942 13,895 25,837 3,002,242 3,028,079 14 Commercial: Commercial 2,040 5,296 7,336 632,189 639,525 -- Agricultural 121 1,215 1,336 149,042 150,378 -- Total commercial 2,161 6,511 8,672 781,231 789,903 -- Other -- -- -- 20,662 20,662 -- Total $ 18,605 $ 21,708 $ 40,313 $ 4,286,894 $ 4,327,207 $ 300 December 31, 2015 Consumer: Credit cards $ 639 $ 479 $ 1,118 $ 176,170 $ 177,288 $ 267 Other consumer 1,879 648 2,527 205,853 208,380 374 Total consumer 2,518 1,127 3,645 382,023 385,668 641 Real estate: Construction 1,328 4,511 5,839 273,901 279,740 -- Single family residential 4,856 3,342 8,198 687,982 696,180 364 Other commercial 869 3,302 4,171 1,224,901 1,229,072 25 Total real estate 7,053 11,155 18,208 2,186,784 2,204,992 389 Commercial: Commercial 3,427 637 4,064 496,052 500,116 90 Agricultural 285 243 528 148,035 148,563 56 Total commercial 3,712 880 4,592 644,087 648,679 146 Other 108 93 201 6,914 7,115 15 Total $ 13,391 $ 13,255 $ 26,646 $ 3,219,808 $ 3,246,454 $ 1,191 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2016 Consumer: Credit cards $ 183,943 $ -- $ 648 $ -- $ -- $ 184,591 Other consumer 301,632 26 2,314 -- -- 303,972 Total consumer 485,575 26 2,962 -- -- 488,563 Real estate: Construction 330,080 98 6,565 16 -- 336,759 Single family residential 875,603 4,024 24,460 158 -- 904,245 Other commercial 1,738,207 6,874 41,994 -- -- 1,787,075 Total real estate 2,943,890 10,996 73,019 174 -- 3,028,079 Commercial: Commercial 616,805 558 22,162 -- -- 639,525 Agricultural 148,218 104 2,033 -- 23 150,378 Total commercial 765,023 662 24,195 -- 23 789,903 Other 20,662 -- -- -- -- 20,662 Loans acquired 1,217,886 22,181 64,075 1,541 -- 1,305,683 Total $ 5,433,036 $ 33,865 $ 164,251 $ 1,715 $ 23 $ 5,632,890 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2015 Consumer: Credit cards $ 176,809 $ -- $ 479 $ -- $ -- $ 177,288 Other consumer 207,069 -- 1,262 49 -- 208,380 Total consumer 383,878 -- 1,741 49 -- 385,668 Real estate: Construction 270,386 319 9,019 16 -- 279,740 Single family residential 679,484 2,701 13,824 171 -- 696,180 Other commercial 1,178,817 5,404 44,261 590 -- 1,229,072 Total real estate 2,128,687 8,424 67,104 777 -- 2,204,992 Commercial: Commercial 487,563 2,760 9,787 6 -- 500,116 Agricultural 147,788 -- 775 -- -- 148,563 Total commercial 635,351 2,760 10,562 6 -- 648,679 Other 7,022 -- 93 -- -- 7,115 Loans acquired, not covered by FDIC loss share 1,590,384 9,150 69,219 3,689 459 1,672,901 Total $ 4,745,322 $ 20,334 $ 148,719 $ 4,521 $ 459 $ 4,919,355 |
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 $ 348,756 $ 1,605 Non-accretable difference (expected losses and foregone interest) -- (848 ) Cash flows expected to be collected at acquisition 348,756 757 Accretable yield (8,663 ) -- Basis in acquired loans at acquisition $ 340,093 $ 757 (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 (in thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 316,103 $ 10,726 Non-accretable difference (expected losses and foregone interest) -- (7,023 ) Cash flows expected to be collected at acquisition 316,103 3,703 Accretable yield (7,949 ) (177 ) Basis in acquired loans at acquisition $ 308,154 $ 3,526 |
Tabular Temporal Display Of Adjustments Related To Purchased Covered Impaired Loans [Table Text Block] | (In thousands) 2016 2015 Impact on net interest income $ 3,072 $ 19,995 Non-interest income (1) -- (7,719 ) Net impact to pre-tax income 3,072 12,276 Net impact, net of taxes $ 1,867 $ 7,461 |
Tabular Temporal Display of Accretable Yield [Table Text Block] | (in thousands) Accretable Carrying Balance, January 1, 2014 $ 41,385 $ 234,785 Additions 177 3,526 Accretable yield adjustments 9,104 -- Accretion (30,031 ) 30,031 Payments and other reductions, net -- (99,244 ) Balance, December 31, 2014 20,635 169,098 Additions (116 ) 17,750 Accretable yield adjustments 6,593 -- Accretion (21,038 ) 21,038 Payments and other reductions, net (5,120 ) (184,417 ) Balance, December 31, 2015 954 23,469 Additions 19 757 Accretable yield adjustments 5,122 -- Accretion (4,440 ) 4,440 Payments and other reductions, net (10,864 ) Balance, December 31, 2016 $ 1,655 $ 17,802 |
Summary Of The Changes In The FDIC True-Up Provision [Table Text Block] | (in thousands) FDIC True-up Balance, January 1, 2014 $ 6,768 Amortization expense 168 Adjustments related to changes in expected losses 1,372 Balance, December 31, 2014 8,308 Amortization expense 107 Adjustments related to changes in expected losses 720 Loss share termination agreement (9,135 ) Balance, December 31, 2015 $ -- |
Acquired Loans [Member] | |
Notes Tables | |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) December 31, December 31, Consumer: Other consumer $ 456 $ 71 Total consumer 456 71 Real estate: Construction 7,961 783 Single family residential 13,366 7,795 Other commercial 22,045 6,435 Total real estate 43,372 15,013 Commercial: Commercial 2,806 3,859 Agricultural 198 8 Total commercial 3,004 3,867 Total $ 46,832 $ 18,951 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days December 31, 2016 Consumer: Other consumer $ 571 $ 189 $ 760 $ 48,917 $ 49,677 $ -- Total consumer 571 189 760 48,917 49,677 -- Real estate: Construction 132 7,332 7,464 50,123 57,587 -- Single family residential 8,358 4,857 13,215 409,961 423,176 11 Other commercial 2,836 10,741 13,577 676,531 690,108 -- Total real estate 11,326 22,930 34,256 1,136,615 1,170,871 11 Commercial: Commercial 723 2,153 2,876 78,961 81,837 -- Agricultural 48 -- 48 3,250 3,298 -- Total commercial 771 2,153 2,924 82,211 85,135 -- Total $ 12,668 $ 25,272 $ 37,940 $ 1,267,743 $ 1,305,683 $ 11 December 31, 2015 Consumer: Other consumer $ 826 $ 122 $ 948 $ 74,658 $ 75,606 $ 57 Total consumer 826 122 948 74,658 75,606 57 Real estate: Construction 736 9,449 10,185 66,934 77,119 410 Single family residential 9,493 4,850 14,343 486,659 501,002 1,246 Other commercial 12,910 7,810 20,720 833,348 854,068 203 Total real estate 23,139 22,109 45,248 1,386,941 1,432,189 1,859 Commercial: Commercial 1,999 2,334 4,333 150,200 154,533 912 Agricultural 114 396 510 10,063 10,573 396 Total commercial 2,113 2,730 4,843 160,263 165,106 1,308 Total $ 26,078 $ 24,961 $ 51,039 $ 1,621,862 $ 1,672,901 $ 3,224 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2016 Consumer: Other consumer $ 48,992 $ 14 $ 671 $ -- $ -- $ 49,677 Total consumer 48,992 14 671 -- -- 49,677 Real estate: Construction 50,704 88 6,795 -- -- 57,587 Single family residential 400,553 2,696 18,392 1,535 -- 423,176 Other commercial 641,018 17,384 31,706 -- -- 690,108 Total real estate 1,092,275 20,168 56,893 1,535 -- 1,170,871 Commercial: Commercial 73,609 1,965 6,257 6 -- 81,837 Agricultural 3,010 34 254 -- -- 3,298 Total commercial 76,619 1,999 6,511 6 -- 85,135 Total $ 1,217,886 $ 22,181 $ 64,075 $ 1,541 $ -- $ 1,305,683 December 31, 2015 Consumer: Other consumer $ 75,330 $ -- $ 276 $ -- $ -- $ 75,606 Total consumer 75,330 -- 276 -- -- 75,606 Real estate: Construction 68,775 -- 8,344 -- -- 77,119 Single family residential 479,193 1,490 18,640 1,675 4 501,002 Other commercial 812,537 7,328 33,748 -- 455 854,068 Total real estate 1,360,505 8,818 60,732 1,675 459 1,432,189 Commercial: Commercial 144,239 332 7,948 2,014 -- 154,533 Agricultural 10,310 -- 263 -- -- 10,573 Total commercial 154,549 332 8,211 2,014 -- 165,106 Total $ 1,590,384 $ 9,150 $ 69,219 $ 3,689 $ 459 $ 1,672,901 |
Note 6 - Goodwill and Other I36
Note 6 - Goodwill and Other Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | (In thousands) 2016 2015 Goodwill $ 348,505 $ 327,686 Core deposit premiums: Gross carrying amount 48,692 43,648 Accumulated amortization (10,625 ) (6,217 ) Core deposit premiums, net 38,067 37,431 Purchased credit card relationships: Gross carrying amount 2,068 2,068 Accumulated amortization (1,344 ) (931 ) Purchased credit card relationships, net 724 1,137 Books of business intangible: Gross carrying amount 15,884 15,293 Accumulated amortization (1,716 ) (624 ) Books of business intangible, net 14,168 14,669 Other intangible assets, net 52,959 53,237 Total goodwill and other intangible assets $ 401,464 $ 380,923 |
Core Deposit Premium [Member] | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (In thousands) Year Amortization 2017 $ 6,202 2018 6,099 2019 5,789 2020 5,777 2021 5,715 Thereafter 23,377 Total $ 52,959 |
Note 8 - Income Taxes (Tables)
Note 8 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | (In thousands) 2016 2015 2014 Income taxes currently payable $ 36,792 $ 19,301 $ 23,631 Deferred income taxes 9,832 13,599 (9,029 ) Provision for income taxes $ 46,624 $ 32,900 $ 14,602 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (In thousands) 2016 2015 Deferred tax assets: Loans acquired $ 7,986 $ 14,716 Allowance for loan losses 14,754 12,700 Valuation of foreclosed assets 3,958 11,212 Tax NOLs from acquisition 13,077 14,593 Deferred compensation payable 2,785 2,767 Vacation compensation 1,740 2,250 Accrued equity and other compensation 6,367 5,197 Acquired securities 1,098 1,770 Other accrued liabilities 1,834 1,943 Unrealized loss on available-for-sale securities 9,559 1,655 Other 5,267 3,006 Gross deferred tax assets 68,425 71,809 Deferred tax liabilities: Goodwill and other intangible amortization (29,601 ) (30,550 ) Limitations under IRC Sec 382 -- (3,478 ) Accumulated depreciation (5,370 ) (3,914 ) Other (5,877 ) (4,187 ) Gross deferred tax liabilities (40,848 ) (42,129 ) Net deferred tax asset, included in other assets $ 27,577 $ 29,680 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | (In thousands) 2016 2015 2014 Computed at the statutory rate (35%) $ 50,203 $ 37,543 $ 17,601 Increase (decrease) in taxes resulting from: State income taxes, net of federal tax benefit 2,121 2,097 41 Tax exempt interest income (4,207 ) (4,708 ) (3,774 ) Tax exempt earnings on BOLI (905 ) (724 ) (499 ) Section 382 adjustment -- (2,293 ) -- Other differences, net (588 ) 985 1,233 Actual tax provision $ 46,624 $ 32,900 $ 14,602 |
Note 9 - Securities Sold Unde38
Note 9 - Securities Sold Under Agreements to Repurchase (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
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 December 31, 2016 Repurchase agreements: U.S. Government agencies $ 101,647 $ -- $ -- $ 757 $ 102,404 December 31, 2015 Repurchase agreements: U.S. Government agencies $ 89,512 $ -- $ -- $ 7,326 $ 96,838 |
Note 10 - Other Borrowings an39
Note 10 - Other Borrowings and Subordinated Debentures (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | (In thousands) 2016 2015 Other Borrowings FHLB advances, net of discount, due 2017 to 2033, 0.46% to 7.37% secured by residential real estate loans $ 225,230 $ 109,989 Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured 47,929 52,300 Total other borrowings 273,159 162,289 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 9,225 9,723 Trust preferred securities, net of discount, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly 10,130 9,975 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 5,161 5,167 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 5,105 5,063 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 10,156 10,022 Total subordinated debentures 60,397 60,570 Total other borrowings and subordinated debentures $ 333,556 $ 222,859 |
Schedule of Maturities of Long-term Debt [Table Text Block] | (In thousands) Year Annual 2017 $ 193,714 2018 23,913 2019 7,673 2020 36,429 2021 2,332 Thereafter 69,495 Total $ 333,556 |
Note 12 - Transactions With R40
Note 12 - Transactions With Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | (In thousands) 2016 2015 Balance, beginning of year $ 58,404 $ 25,142 New extensions of credit 18,298 48,529 Repayments (10,868 ) (15,267 ) Balance, end of year $ 65,834 $ 58,404 |
Note 13 - Employee Benefit Pl41
Note 13 - Employee Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Stock Options Stock Awards Stock Units Number Weighted Number Weighted Number Weighted Balance, December 31, 2013 185 $ 27.04 145 $ 26.00 -- $ -- Granted -- -- 134 37.51 -- -- Stock Options Exercised (65 ) 25.86 -- -- -- -- Stock Awards/Units Vested -- -- (51 ) 30.62 -- -- Forfeited/Expired -- -- (1 ) 26.54 -- -- Balance, December 31, 2014 120 27.72 227 31.88 -- -- Granted 375 44.69 95 43.45 20 37.15 Stock Options Exercised (71 ) 22.57 -- -- -- -- Stock Options from Acquisitions 66 20.43 -- -- -- -- Stock Awards/Units Vested -- -- (131 ) 34.77 -- -- Forfeited/Expired (5 ) 24.49 (20 ) 35.36 -- -- Balance, December 31, 2015 485 40.62 171 35.65 20 37.15 Granted 58 47.02 136 46.92 108 46.95 Stock Options Exercised (64 ) 30.28 -- -- -- -- Stock Awards/Units Vested -- -- (159 ) 41.91 (12 ) 45.54 Forfeited/Expired (6 ) 35.05 (9 ) 43.70 (3 ) 47.02 Balance, December 31, 2016 473 $ 42.85 139 $ 40.96 113 $ 45.40 Exercisable, December 31, 2016 322 $ 41.82 |
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 $17.55 - $21.29 13 4.58 $ 19.93 8 $ 19.58 21.51 - 21.51 2 3.05 21.51 2 21.51 28.42 - 28.42 18 0.38 28.42 18 28.42 30.31 - 30.31 26 1.35 30.31 26 30.31 40.57 - 40.57 41 8.00 40.57 40 40.57 40.72 - 40.72 2 7.88 40.72 1 40.72 44.40 - 44.40 52 8.23 44.40 24 44.40 45.50 - 45.50 258 8.61 45.50 200 45.50 47.02 - 47.02 58 9.05 47.02 -- -- 48.13 - 48.13 3 8.71 48.13 3 48.13 $17.55 - $48.13 473 7.72 $ 42.84 322 $ 41.82 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Year Ended Year Ended Expected dividend yield 1.96 % 2.06 % Expected stock price volatility 27.34 % 16.96 % Risk-free interest rate 2.01 % 2.17 % Expected life of options 7 years 10 years |
Note 14 - Additional Cash Flo42
Note 14 - Additional Cash Flow Information (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | (In thousands) 2016 2015 2014 Interest paid $ 22,069 $ 21,700 $ 14,274 Income taxes paid 39,824 20,127 18,832 Transfers of loans not covered by FDIC loss share to foreclosed assets held for sale 17,213 16,456 5,145 Transfers of loans acquired covered by FDIC loss share to foreclosed assets covered by FDIC loss share -- 4,349 5,536 Transfers of foreclosed assets covered by FDIC loss share to foreclosed assets held for sale -- 13,895 -- Transfers of loans acquired covered by FDIC loss share to loans acquired not covered by FDIC loss share -- 88,922 -- Transfers of premises held for sale to foreclosed assets held for sale 652 6,126 -- |
Schedule of Cash Flow Information Related To Business Acquisition [Table Text Block] | (In thousands) 2016 2015 2014 Assets acquired $ 585,500 $ 2,996,228 $ 417,386 Liabilities assumed 530,695 2,680,140 378,967 Purchase price 76,300 535,003 67,441 Goodwill $ 21,495 $ 218,915 $ 29,022 |
Note 15 - Other Operating Exp43
Note 15 - Other Operating Expenses (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | (In thousands) 2016 2015 2014 Professional services $ 14,630 $ 9,583 $ 7,516 Postage 4,599 4,219 3,383 Telephone 4,294 4,817 2,957 Credit card expense 11,328 9,157 8,699 Operating supplies 1,824 2,395 1,964 Amortization of intangibles 5,945 4,889 1,979 Branch right sizing expense 3,600 3,297 4,721 Other expense 27,293 26,338 17,803 Total $ 73,513 $ 64,695 $ 49,022 |
Note 16 - Disclosures About F44
Note 16 - Disclosures About Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements (In thousands) Fair Value Quoted Prices in Significant Other Significant December 31, 2016 ASSETS Available-for-sale securities U.S. Treasury $ 300 $ 300 $ -- $ -- U.S. Government agencies 137,771 -- 137,771 -- Mortgage-backed securities 868,324 -- 868,324 -- States and political subdivisions 102,943 -- 102,943 -- Other securities 48,016 -- 39,876 -- Assets held in trading accounts 41 -- 41 -- December 31, 2015 ASSETS Available-for-sale securities U.S. Treasury $ 3,994 $ 3,994 $ -- $ -- U.S. Government agencies 120,237 -- 120,237 -- Mortgage-backed securities 647,426 -- 647,426 -- States and political subdivisions 9,874 -- 9,874 -- Other securities 39,876 -- 39,876 -- Assets held in trading accounts 4,422 2,409 2,013 -- |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant December 31, 2016 Impaired loans (1) (2) $ 17,154 $ -- $ -- $ 17,154 Foreclosed assets held for sale (1) 17,806 -- -- 17,806 December 31, 2015 Impaired loans (1) (2) $ 19,027 $ -- $ -- $ 19,027 Foreclosed assets held for sale (1) 14,459 -- -- 14,459 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Value Measurements (In thousands) Amount Level 1 Level 2 Level 3 Total December 31, 2016 Financial assets: Cash and cash equivalents $ 285,659 $ 285,659 $ -- $ -- $ 285,659 Interest bearing balances due from banks - time 4,563 -- 4,563 -- 4,563 Held-to-maturity securities 462,096 -- 465,960 -- 465,960 Mortgage loans held for sale 27,788 -- -- 27,788 27,788 Interest receivable 27,788 -- 27,788 -- 27,788 Legacy loans (net of allowance) 4,290,921 -- -- 4,305,165 4,305,165 Loans acquired (net of allowance) 1,305,683 -- -- 1,310,017 1,310,017 Financial liabilities: Non-interest bearing transaction accounts 1,491,676 -- 1,491,676 -- 1,491,676 Interest bearing transaction accounts and savings deposits 3,956,483 -- 3,956,483 -- 3,956,483 Time deposits 1,287,060 -- -- 1,278,339 1,278,339 Federal funds purchased and securities sold under agreements to repurchase 115,029 -- 115,029 -- 115,029 Other borrowings 273,159 -- 292,367 -- 292,367 Subordinated debentures 60,397 -- 55,318 -- 55,318 Interest payable 1,668 -- 1,668 -- 1,668 December 31, 2015 Financial assets Cash and cash equivalents $ 252,262 $ 252,262 $ -- $ -- $ 252,262 Interest bearing balances due from banks - time 14,107 -- 14,105 -- 14,105 Held-to-maturity securities 705,373 -- 713,371 -- 713,371 Mortgage loans held for sale 30,265 -- -- 30,265 30,265 Interest receivable 25,793 -- 25,793 -- 25,793 Legacy loans (net of allowance) 3,215,103 -- -- 3,204,153 3,204,153 Loans acquired (net of allowance) 1,672,901 -- -- 1,667,204 1,667,204 Financial liabilities: Non-interest bearing transaction accounts 1,280,234 -- 1,280,234 -- 1,280,234 Interest bearing transaction accounts and savings deposits 3,485,845 -- 3,485,845 -- 3,485,845 Time deposits 1,320,017 -- -- 1,315,254 1,315,254 Federal funds purchased and securities sold under agreements to repurchase 99,398 -- 99,398 -- 99,398 Other borrowings 162,289 -- 168,254 -- 168,254 Subordinated debentures 60,570 -- 55,954 -- 55,954 Interest payable 1,800 -- 1,800 -- 1,800 |
Note 20 - Stockholder' Equity (
Note 20 - Stockholder' Equity (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum To Be Well (In thousands) Amount Ratio (%) Amount Ratio (%) Amount Ratio (%) As of December 31, 2016 Total Risk-Based Capital Ratio Simmons First National Corporation $ 912,948 15.1 $ 483,681 8.0 $ N/A Simmons Bank 830,921 13.8 481,693 8.0 602,117 10.0 Tier 1 Risk-Based Capital Ratio Simmons First National Corporation 872,707 14.5 361,120 6.0 N/A Simmons Bank 790,673 13.2 359,397 6.0 479,196 8.0 Common Equity Tier 1 Capital Ratio Simmons First National Corporation 812,310 13.5 270,770 4.5 N/A Simmons Bank 790,673 13.2 269,548 4.5 389,347 6.5 Tier 1 Leverage Ratio Simmons First National Corporation 872,707 11.0 317,348 4.0 N/A Simmons Bank 790,673 10.0 316,269 4.0 395,337 5.0 As of December 31, 2015 Total Risk-Based Capital Ratio Simmons First National Corporation $ 843,227 16.7 $ 403,941 8.0 $ N/A Simmons Bank 734,170 14.6 402,285 8.0 502,856 10.0 Tier 1 Risk-Based Capital Ratio Simmons First National Corporation 808,159 16.0 303,060 6.0 N/A Simmons Bank 699,102 13.9 301,771 6.0 402,361 8.0 Common Equity Tier 1 Capital Ratio Simmons First National Corporation 716,737 14.2 227,135 4.5 N/A Simmons Bank 699,102 13.9 226,328 4.5 326,918 6.5 Tier 1 Leverage Ratio Simmons First National Corporation 808,159 11.2 288,628 4.0 N/A Simmons Bank 699,102 9.7 288,289 4.0 360,362 5.0 |
Note 21 - Condensed Financial46
Note 21 - Condensed Financial Information (Parent Company Only) (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | (In thousands) 2016 2015 ASSETS Cash and cash equivalents $ 93,266 $ 119,383 Investment securities 79 2,049 Investments in wholly-owned subsidiaries 1,141,294 1,051,842 Loans 1,083 -- Intangible assets, net 133 133 Premises and equipment 11,534 5,338 Other assets 27,955 28,245 TOTAL ASSETS $ 1,275,344 $ 1,206,990 LIABILITIES Long-term debt $ 108,326 $ 112,870 Other liabilities 15,907 17,265 Total liabilities 124,233 130,135 STOCKHOLDERS’ EQUITY Preferred stock -- 30,852 Common stock 313 303 Surplus 711,976 662,378 Undivided profits 454,034 385,987 Accumulated other comprehensive loss Unrealized depreciation on available-for-sale securities, net of income taxes of ($9,818) and ($1,720) at December 31, 2016 and 2015 respectively (15,212 ) (2,665 ) Total stockholders’ equity 1,151,111 1,076,855 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,275,344 $ 1,206,990 |
Condensed Income Statement [Table Text Block] | (In thousands) 2016 2015 2014 INCOME Dividends from subsidiaries $ 83,710 $ 84,128 $ 43,366 Other income 2,465 2,303 6,927 Income 86,175 86,431 50,293 EXPENSE 21,990 24,594 23,024 Income before income taxes and equity in undistributed net income of subsidiaries 64,185 61,837 27,269 Provision for income taxes (7,557 ) (8,251 ) (6,330 ) Income before equity in undistributed net income of subsidiaries 71,742 70,088 33,599 Equity in undistributed net income of subsidiaries 25,072 4,276 2,089 NET INCOME 96,814 74,364 35,688 Preferred stock dividends 24 257 -- NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 96,790 $ 74,107 $ 35,688 |
Condensed Statement of Comprehensive Income [Table Text Block] | (In thousands) 2016 2015 2014 NET INCOME $ 96,814 $ 74,364 $ 35,688 OTHER COMPREHENSIVE INCOME Equity in other comprehensive (loss) income of subsidiaries (12,547 ) (1,329 ) 1,666 COMPREHENSIVE INCOME $ 84,267 $ 73,035 $ 37,354 |
Condensed Cash Flow Statement [Table Text Block] | (In thousands) 2016 2015 2014 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 96,814 $ 74,364 $ 35,688 Items not requiring (providing) cash Stock-based compensation expense 3,418 4,018 1,423 Depreciation and amortization 700 317 139 Deferred income taxes (2,526 ) 1,287 1,338 Equity in undistributed net income of bank subsidiaries (25,072 ) (4,276 ) (2,089 ) Changes in Other assets 2,816 (15,232 ) (1,296 ) Other liabilities (1,358 ) 13,121 (1,103 ) Net cash provided by operating activities 74,792 73,599 34,100 CASH FLOWS FROM INVESTING ACTIVITIES Net originations of loans (1,710 ) -- -- Net purchases of premises and equipment (6,896 ) 56 (5,435 ) Additional investment in subsidiary -- -- 288 Proceeds from maturities of available-for-sale securities 1,973 -- -- Purchases of available-for-sale securities (3 ) (354 ) 1,504 Cash received (paid) in business combinations (35,048 ) 44,173 (1,640 ) Net cash (used in) provided by investing activities (41,684 ) 43,875 (5,283 ) CASH FLOWS FROM FINANCING ACTIVITIES (Repayment) issuance of long-term debt (4,544 ) 8,126 (2,900 ) Issuance of common stock, net 4,938 3,529 2,023 Dividends paid on preferred stock (24 ) (257 ) -- Dividends paid on common stock (28,743 ) (27,026 ) (15,359 ) Redemption of preferred stock (30,852 ) -- -- Net cash used in financing activities (59,225 ) (15,628 ) (16,236 ) (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (26,117 ) 101,846 12,581 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 119,383 17,537 4,956 CASH AND CASH EQUIVALENTS, END OF YEAR $ 93,266 $ 119,383 $ 17,537 |
Note 1 - Summary of Significa47
Note 1 - Summary of Significant Accounting Policies (Details Textual) | Jan. 23, 2017USD ($) | Dec. 14, 2016USD ($) | Nov. 17, 2016USD ($) | Sep. 15, 2015USD ($) | Sep. 30, 2015USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) |
Number of Reportable Segments | 1 | |||||||
FDIC Indemnification Asset, Cash Payments Received | $ 2,368,000 | $ 2,368,000 | ||||||
Gain (Loss) on Contract Termination | $ (7,476,000) | $ (7,476,000) | $ (7,476,000) | |||||
Derivative Asset, Notional Amount | 99,200,000 | 61,300,000 | ||||||
Assets | 8,400,056,000 | 7,559,658,000 | ||||||
Loans and Leases Receivable, Net Amount | 5,596,604,000 | 4,888,004,000 | ||||||
Deposits | $ 6,735,219,000 | $ 6,086,096,000 | ||||||
Hardeman County Investment Company, Inc. [Member] | ||||||||
Number of Bank Branches | 10 | |||||||
Assets | $ 477,000,000 | |||||||
Loans and Leases Receivable, Net Amount | 255,000,000 | |||||||
Deposits | $ 395,000,000 | |||||||
Southwest Bancorp, Inc. [Member] | ||||||||
Number of Bank Branches | 31 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 2,500,000,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 1,900,000,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | $ 1,900,000,000 | |||||||
First Texas BHC, Inc. [Member] | ||||||||
Number of Bank Branches | 16 | |||||||
Assets | $ 2,100,000,000 | |||||||
Loans and Leases Receivable, Net Amount | 1,800,000,000 | |||||||
Deposits | $ 1,700,000,000 | |||||||
Pending Acquisition, Hardeman County Investment Company, Inc. [Member] | ||||||||
Business Combination, Consideration Transferred | $ 72,200,000 | |||||||
Pending Acquisition, Southwest Bancorp, Inc. [Member] | ||||||||
Business Combination, Consideration Transferred | $ 564,400,000 | |||||||
Pending Acquisition, First Texas BHC, Inc. [Member] | Subsequent Event [Member] | ||||||||
Business Combination, Consideration Transferred | $ 462,000,000 |
Note 1 - Summary of Significa48
Note 1 - Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Net income available to common shareholders | $ 96,790 | $ 74,107 | $ 35,688 |
Average common shares outstanding (in shares) | 30,646 | 28,084 | 16,879 |
Average potential dilutive common shares (in shares) | 318 | 126 | 43 |
Average diluted common shares (in shares) | 30,964 | 28,210 | 16,922 |
Basic earnings per share (in dollars per share) | $ 3.16 | $ 2.64 | $ 2.11 |
Diluted earnings per share (in dollars per share) | $ 3.13 | $ 2.63 | $ 2.11 |
Note 2 - Acquisitions (Details
Note 2 - Acquisitions (Details Textual) | Sep. 09, 2016USD ($)shares | Oct. 29, 2015USD ($)shares | Feb. 28, 2015shares | Feb. 27, 2015USD ($)shares | Aug. 31, 2014USD ($)shares | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2016USD ($) | Oct. 28, 2015USD ($) | |
Goodwill | $ 327,686,000 | $ 348,505,000 | ||||||||
Business Percentage of Fair Value Adjustment Deferred Tax Asset | 39.225% | |||||||||
Citizens National Bank [Member] | ||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 835,741 | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 41,300,000 | |||||||||
Payments to Acquire Businesses, Gross | $ 35,000,000 | |||||||||
Number of Bank Branches | 9 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 585,500,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 340,850,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 509,857,000 | |||||||||
Goodwill | $ 21,495,000 | |||||||||
Liberty Bancshares, Inc. [Member] | ||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 5,181,337 | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 212,200,000 | |||||||||
Number of Bank Branches | 24 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 1,066,272,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 780,658,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 874,714,000 | |||||||||
Goodwill | $ 95,207,000 | |||||||||
Business Acquisition, Pro Forma Revenue | 46,000,000 | |||||||||
Business Acquisition, Pro Forma Net Income (Loss) | 24,200,000 | |||||||||
Community First Bancshares Inc [Member] | ||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 6,552,915 | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 268,300,000 | |||||||||
Payments to Acquire Businesses, Gross | $ 9,974 | |||||||||
Number of Bank Branches | 33 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 1,915,061,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 1,136,543,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 1,536,062,000 | |||||||||
Goodwill | $ 110,440,000 | |||||||||
Business Acquisition, Pro Forma Revenue | 77,300,000 | |||||||||
Business Acquisition, Pro Forma Net Income (Loss) | 33,300,000 | |||||||||
Community First Bancshares Inc [Member] | Preferred Stock [Member] | ||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 30,852 | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 30,900,000 | |||||||||
Liberty and Community First [Member] | ||||||||||
Business Combination, Acquisition Related Costs | 7,400,000 | |||||||||
Business Acquisition, Pro Forma Revenue | [1] | 395,959,000 | $ 390,606,000 | |||||||
Business Acquisition, Pro Forma Net Income (Loss) | $ 85,773,000 | $ 64,166,000 | ||||||||
OTIC and TCO [Member] | ||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 339,290 | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 17,900,000 | |||||||||
Payments to Acquire Businesses, Gross | 5,800,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 14,895,000 | |||||||||
Goodwill | $ 13,268,000 | |||||||||
Assets under Management, Carrying Amount | $ 1,000,000,000 | |||||||||
Number of Investment in Shares Repurchased Through Acquisition | shares | 1,000 | |||||||||
Delta Trust [Member] | ||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 1,629,515 | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 65,000,000 | |||||||||
Payments to Acquire Businesses, Gross | $ 2,400,000 | |||||||||
Number of Bank Branches | 9 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 417,386,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 311,680,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 355,362,000 | |||||||||
Goodwill | $ 29,022,000 | |||||||||
[1] | Net interest income plus noninterest income. |
Note 2 - Acquisitions - Assets
Note 2 - Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) | Sep. 09, 2016 | Oct. 29, 2015 | Feb. 27, 2015 | Aug. 31, 2014 | Dec. 31, 2016 | Dec. 31, 2015 |
Goodwill | $ 348,505,000 | $ 327,686,000 | ||||
Citizens National Bank [Member] | ||||||
Cash and due from banks | $ 131,467,000 | |||||
Federal funds sold | 10,000,000 | |||||
Investment securities | 61,988,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 340,850,000 | |||||
Allowance for loan losses | ||||||
Foreclosed assets | 3,442,000 | |||||
Premises and equipment | 8,085,000 | |||||
Bank owned life insurance | 6,632,000 | |||||
Core deposit intangible | 5,075,000 | |||||
Other intangibles | 591,000 | |||||
Other assets | 17,370,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 585,500,000 | |||||
Non-interest bearing transaction accounts | 109,281,000 | |||||
Interest bearing transaction accounts and savings deposits | 204,912,000 | |||||
Time deposits | 195,664,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 509,857,000 | |||||
Securities sold under agreement to repurchase | 13,233,000 | |||||
FHLB borrowings | 4,047,000 | |||||
Accrued interest and other liabilities | 3,558,000 | |||||
Total liabilities assumed | 530,695,000 | |||||
Equity | ||||||
Total liabilities and equity assumed | 530,695,000 | |||||
Net assets acquired | 54,805,000 | |||||
Business Combination, Consideration Transferred | 76,300,000 | |||||
Goodwill | 21,495,000 | |||||
Citizens National Bank [Member] | Cost Acquired [Member] | ||||||
Cash and due from banks | 131,467,000 | |||||
Federal funds sold | 10,000,000 | |||||
Investment securities | 61,987,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 350,361,000 | |||||
Allowance for loan losses | (4,313,000) | |||||
Foreclosed assets | 4,960,000 | |||||
Premises and equipment | 6,746,000 | |||||
Bank owned life insurance | 6,632,000 | |||||
Core deposit intangible | ||||||
Other intangibles | ||||||
Other assets | 17,364,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 585,204,000 | |||||
Non-interest bearing transaction accounts | 109,281,000 | |||||
Interest bearing transaction accounts and savings deposits | 204,912,000 | |||||
Time deposits | 195,664,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 509,857,000 | |||||
Securities sold under agreement to repurchase | 13,233,000 | |||||
FHLB borrowings | 4,000,000 | |||||
Accrued interest and other liabilities | 3,558,000 | |||||
Total liabilities assumed | 530,648,000 | |||||
Equity | 54,556,000 | |||||
Total liabilities and equity assumed | 585,204,000 | |||||
Citizens National Bank [Member] | Fair Value Adjustments [Member] | ||||||
Cash and due from banks | ||||||
Federal funds sold | ||||||
Investment securities | 1,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | (9,511,000) | |||||
Allowance for loan losses | 4,313,000 | |||||
Foreclosed assets | (1,518,000) | |||||
Premises and equipment | 1,339,000 | |||||
Bank owned life insurance | ||||||
Core deposit intangible | 5,075,000 | |||||
Other intangibles | 591,000 | |||||
Other assets | 6,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 296,000 | |||||
Non-interest bearing transaction accounts | ||||||
Interest bearing transaction accounts and savings deposits | ||||||
Time deposits | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | ||||||
Securities sold under agreement to repurchase | ||||||
FHLB borrowings | 47,000 | |||||
Accrued interest and other liabilities | ||||||
Total liabilities assumed | 47,000 | |||||
Equity | (54,556,000) | |||||
Total liabilities and equity assumed | $ (54,509,000) | |||||
Liberty Bancshares, Inc. [Member] | ||||||
Federal funds sold | $ 7,060,000 | |||||
Investment securities | 98,788,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 780,658,000 | |||||
Allowance for loan losses | ||||||
Premises and equipment | 31,024,000 | |||||
Bank owned life insurance | 16,972,000 | |||||
Core deposit intangible | 14,556,000 | |||||
Other intangibles | ||||||
Other assets | 14,591,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 1,066,272,000 | |||||
Non-interest bearing transaction accounts | 146,618,000 | |||||
Interest bearing transaction accounts and savings deposits | 543,183,000 | |||||
Time deposits | 184,913,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 874,714,000 | |||||
FHLB borrowings | 46,351,000 | |||||
Accrued interest and other liabilities | 8,128,000 | |||||
Total liabilities assumed | 949,303,000 | |||||
Equity | ||||||
Total liabilities and equity assumed | 949,303,000 | |||||
Net assets acquired | 116,969,000 | |||||
Business Combination, Consideration Transferred | 212,176,000 | |||||
Goodwill | 95,207,000 | |||||
Cash and due from banks, including time deposits | 102,623,000 | |||||
Subordinated debentures | 20,110,000 | |||||
Liberty Bancshares, Inc. [Member] | Cost Acquired [Member] | ||||||
Federal funds sold | 7,060,000 | |||||
Investment securities | 99,123,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 790,493,000 | |||||
Allowance for loan losses | (10,422,000) | |||||
Premises and equipment | 34,239,000 | |||||
Bank owned life insurance | 16,972,000 | |||||
Core deposit intangible | 699,000 | |||||
Other intangibles | 3,063,000 | |||||
Other assets | 17,703,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 1,061,567,000 | |||||
Non-interest bearing transaction accounts | 146,618,000 | |||||
Interest bearing transaction accounts and savings deposits | 543,183,000 | |||||
Time deposits | 184,913,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 874,714,000 | |||||
FHLB borrowings | 46,128,000 | |||||
Accrued interest and other liabilities | 7,828,000 | |||||
Total liabilities assumed | 949,290,000 | |||||
Equity | 112,277,000 | |||||
Total liabilities and equity assumed | 1,061,567,000 | |||||
Cash and due from banks, including time deposits | 102,637,000 | |||||
Subordinated debentures | 20,620,000 | |||||
Liberty Bancshares, Inc. [Member] | Fair Value Adjustments [Member] | ||||||
Federal funds sold | ||||||
Investment securities | (335,000) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | (9,835,000) | |||||
Allowance for loan losses | 10,422,000 | |||||
Premises and equipment | (3,215,000) | |||||
Bank owned life insurance | ||||||
Core deposit intangible | 13,857,000 | |||||
Other intangibles | (3,063,000) | |||||
Other assets | (3,112,000) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 4,705,000 | |||||
Non-interest bearing transaction accounts | ||||||
Interest bearing transaction accounts and savings deposits | ||||||
Time deposits | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | ||||||
FHLB borrowings | 223,000 | |||||
Accrued interest and other liabilities | 300,000 | |||||
Total liabilities assumed | 13,000 | |||||
Equity | (112,277,000) | |||||
Total liabilities and equity assumed | (112,264,000) | |||||
Cash and due from banks, including time deposits | (14,000) | |||||
Subordinated debentures | (510,000) | |||||
Community First Bancshares Inc [Member] | ||||||
Cash and due from banks | 39,848,000 | |||||
Federal funds sold | 76,508,000 | |||||
Investment securities | 566,818,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 1,136,543,000 | |||||
Allowance for loan losses | ||||||
Foreclosed assets | 747,000 | |||||
Premises and equipment | 42,043,000 | |||||
Bank owned life insurance | 22,149,000 | |||||
Core deposit intangible | 11,273,000 | |||||
Other intangibles | 420,000 | |||||
Other assets | 11,474,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 1,915,061,000 | |||||
Non-interest bearing transaction accounts | 103,825,000 | |||||
Interest bearing transaction accounts and savings deposits | 995,207,000 | |||||
Time deposits | 437,030,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 1,536,062,000 | |||||
FHLB borrowings | 143,721,000 | |||||
Accrued interest and other liabilities | 9,370,000 | |||||
Total liabilities assumed | 1,726,297,000 | |||||
Equity | ||||||
Total liabilities and equity assumed | 1,726,297,000 | |||||
Net assets acquired | 188,764,000 | |||||
Business Combination, Consideration Transferred | 299,204,000 | |||||
Goodwill | 110,440,000 | |||||
Subordinated debentures | 20,914,000 | |||||
Deferred tax asset | 7,238,000 | |||||
Federal funds purchased and securities sold under agreement to repurchase | 16,230,000 | |||||
Fed funds purchased | 16,230,000 | |||||
Community First Bancshares Inc [Member] | Cost Acquired [Member] | ||||||
Cash and due from banks | 39,848,000 | |||||
Federal funds sold | 76,508,000 | |||||
Investment securities | 570,199,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 1,163,398,000 | |||||
Allowance for loan losses | (14,635,000) | |||||
Foreclosed assets | 747,000 | |||||
Premises and equipment | 44,837,000 | |||||
Bank owned life insurance | 22,149,000 | |||||
Core deposit intangible | ||||||
Other intangibles | ||||||
Other assets | 11,474,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 1,918,325,000 | |||||
Non-interest bearing transaction accounts | 103,825,000 | |||||
Interest bearing transaction accounts and savings deposits | 995,207,000 | |||||
Time deposits | 436,181,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 1,535,213,000 | |||||
FHLB borrowings | 143,047,000 | |||||
Accrued interest and other liabilities | 8,769,000 | |||||
Total liabilities assumed | 1,725,013,000 | |||||
Equity | 193,312,000 | |||||
Total liabilities and equity assumed | 1,918,325,000 | |||||
Goodwill | 100,000 | |||||
Subordinated debentures | 21,754,000 | |||||
Deferred tax asset | 3,700,000 | |||||
Federal funds purchased and securities sold under agreement to repurchase | 16,230,000 | |||||
Fed funds purchased | 16,230,000 | |||||
Community First Bancshares Inc [Member] | Fair Value Adjustments [Member] | ||||||
Cash and due from banks | ||||||
Federal funds sold | ||||||
Investment securities | (3,381,000) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | (26,855,000) | |||||
Allowance for loan losses | 14,635,000 | |||||
Foreclosed assets | ||||||
Premises and equipment | (2,794,000) | |||||
Bank owned life insurance | ||||||
Core deposit intangible | 11,273,000 | |||||
Other intangibles | 420,000 | |||||
Other assets | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | (3,264,000) | |||||
Non-interest bearing transaction accounts | ||||||
Interest bearing transaction accounts and savings deposits | ||||||
Time deposits | 849,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 849,000 | |||||
FHLB borrowings | 674,000 | |||||
Accrued interest and other liabilities | 601,000 | |||||
Total liabilities assumed | 1,284,000 | |||||
Equity | (193,312,000) | |||||
Total liabilities and equity assumed | (192,028,000) | |||||
Goodwill | (100,000) | |||||
Subordinated debentures | (840,000) | |||||
Deferred tax asset | 3,538,000 | |||||
Federal funds purchased and securities sold under agreement to repurchase | ||||||
Fed funds purchased | ||||||
OTIC and TCO [Member] | ||||||
Cash and due from banks | $ 1,756,000 | |||||
Investment securities | 241,000 | |||||
Premises and equipment | 1,544,000 | |||||
Other intangibles | 9,733,000 | |||||
Other assets | 1,621,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 14,895,000 | |||||
Accrued interest and other liabilities | 302,000 | |||||
Total liabilities assumed | 4,540,000 | |||||
Equity | ||||||
Total liabilities and equity assumed | 4,540,000 | |||||
Net assets acquired | 10,355,000 | |||||
Business Combination, Consideration Transferred | 23,623,000 | |||||
Goodwill | 13,268,000 | |||||
Deferred tax liability | 4,238,000 | |||||
OTIC and TCO [Member] | Cost Acquired [Member] | ||||||
Cash and due from banks | 1,756,000 | |||||
Investment securities | 241,000 | |||||
Premises and equipment | 1,126,000 | |||||
Other intangibles | ||||||
Other assets | 752,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 3,875,000 | |||||
Accrued interest and other liabilities | 302,000 | |||||
Total liabilities assumed | 365,000 | |||||
Equity | 3,510,000 | |||||
Total liabilities and equity assumed | 3,875,000 | |||||
Deferred tax liability | 63,000 | |||||
OTIC and TCO [Member] | Fair Value Adjustments [Member] | ||||||
Cash and due from banks | ||||||
Investment securities | ||||||
Premises and equipment | 418,000 | |||||
Other intangibles | 9,733,000 | |||||
Other assets | 869,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 11,020,000 | |||||
Accrued interest and other liabilities | ||||||
Total liabilities assumed | 4,175,000 | |||||
Equity | (3,510,000) | |||||
Total liabilities and equity assumed | 665,000 | |||||
Deferred tax liability | $ 4,175,000 | |||||
Delta Trust [Member] | ||||||
Cash and due from banks | $ 13,739,000 | |||||
Investment securities | 62,373,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 311,680,000 | |||||
Foreclosed assets | 1,791,000 | |||||
Premises and equipment | 3,972,000 | |||||
Bank owned life insurance | 7,530,000 | |||||
Core deposit intangible | 4,318,000 | |||||
Other intangibles | 5,140,000 | |||||
Other assets | 4,426,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 417,386,000 | |||||
Non-interest bearing transaction accounts | 63,259,000 | |||||
Interest bearing transaction accounts and savings deposits | 200,596,000 | |||||
Time deposits | 91,507,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 355,362,000 | |||||
FHLB borrowings | 10,977,000 | |||||
Accrued interest and other liabilities | 1,528,000 | |||||
Total liabilities assumed | 378,967,000 | |||||
Equity | ||||||
Total liabilities and equity assumed | 378,967,000 | |||||
Net assets acquired | 38,419,000 | |||||
Business Combination, Consideration Transferred | 67,441,000 | |||||
Goodwill | 29,022,000 | |||||
Deferred tax asset | 2,417,000 | |||||
Federal funds purchased and securities sold under agreement to repurchase | 11,100,000 | |||||
Fed funds purchased | 11,100,000 | |||||
Delta Trust [Member] | Cost Acquired [Member] | ||||||
Cash and due from banks | 13,739,000 | |||||
Investment securities | 62,410,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 326,829,000 | |||||
Allowance for loan losses | (6,008,000) | |||||
Foreclosed assets | 3,262,000 | |||||
Premises and equipment | 4,405,000 | |||||
Bank owned life insurance | 7,530,000 | |||||
Core deposit intangible | ||||||
Other intangibles | 137,000 | |||||
Other assets | 5,807,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 420,792,000 | |||||
Non-interest bearing transaction accounts | 63,259,000 | |||||
Interest bearing transaction accounts and savings deposits | 200,596,000 | |||||
Time deposits | 91,507,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 355,362,000 | |||||
FHLB borrowings | 11,106,000 | |||||
Accrued interest and other liabilities | 1,528,000 | |||||
Total liabilities assumed | 379,096,000 | |||||
Equity | 41,696,000 | |||||
Total liabilities and equity assumed | 420,792,000 | |||||
Goodwill | 822,000 | |||||
Deferred tax asset | 1,859,000 | |||||
Federal funds purchased and securities sold under agreement to repurchase | 11,100,000 | |||||
Fed funds purchased | 11,100,000 | |||||
Delta Trust [Member] | Fair Value Adjustments [Member] | ||||||
Cash and due from banks | ||||||
Investment securities | (37,000) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | (15,149,000) | |||||
Allowance for loan losses | 6,008,000 | |||||
Foreclosed assets | (1,471,000) | |||||
Premises and equipment | (433,000) | |||||
Bank owned life insurance | ||||||
Core deposit intangible | 4,318,000 | |||||
Other intangibles | 5,003,000 | |||||
Other assets | (1,381,000) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | (3,406,000) | |||||
Non-interest bearing transaction accounts | ||||||
Interest bearing transaction accounts and savings deposits | ||||||
Time deposits | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | ||||||
FHLB borrowings | (129,000) | |||||
Accrued interest and other liabilities | ||||||
Total liabilities assumed | (129,000) | |||||
Equity | (41,696,000) | |||||
Total liabilities and equity assumed | (41,825,000) | |||||
Goodwill | (822,000) | |||||
Deferred tax asset | 558,000 | |||||
Federal funds purchased and securities sold under agreement to repurchase | ||||||
Fed funds purchased |
Note 2 - Acquisitions - Summary
Note 2 - Acquisitions - Summary of Unaudited Pro forma Information (Details) - Liberty and Community First [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | ||
Revenue (1) | [1] | $ 395,959 | $ 390,606 |
Net income | $ 85,773 | $ 64,166 | |
Earnings per share (in dollars per share) | $ 2.68 | $ 2.24 | |
[1] | Net interest income plus noninterest income. |
Note 3 - Investment Securitie52
Note 3 - Investment Securities (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Securities Continuous Unrealized Loss Position, Fair Value | $ 1,200,000,000 | $ 872,400,000 | |
Securities Continuous Unrealized Loss Position Fair Value Percent of Portfolio | 75.70% | 57.10% | |
Available-for-sale Securities Pledged as Collateral | $ 915,200,000 | $ 840,400,000 | |
Securities Sold under Agreements to Repurchase | 102,400,000 | 96,800,000 | |
Available-for-sale Securities, Gross Realized Gains | 5,800,000 | 350,000 | $ 199,000 |
Available-for-sale Securities, Gross Realized Losses | $ 0 | $ 43,000 | $ 191,000 |
Income Tax Benefit Related to Security Gains (Losses) Percentage | 39.225% |
Note 3 - Investment Securitie53
Note 3 - Investment Securities - Summary of Investment Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Amortized Cost | $ 462,096 | $ 705,373 |
Gross Unrealized Gains | 5,137 | 9,806 |
Gross Unrealized Losses | (1,273) | (1,808) |
Held-to-maturity securities | 465,960 | 713,371 |
Amortized Cost | 1,181,484 | 824,992 |
Gross Unrealized Gains | 1,279 | 1,587 |
Gross Unrealized Losses | (25,409) | (5,172) |
Available-for-sale securities | 1,157,354 | 821,407 |
US Government Agencies Debt Securities [Member] | ||
Amortized Cost | 76,875 | 237,139 |
Gross Unrealized Gains | 107 | 582 |
Gross Unrealized Losses | (182) | (1,395) |
Held-to-maturity securities | 76,800 | 236,326 |
Amortized Cost | 140,005 | 121,017 |
Gross Unrealized Gains | 67 | 118 |
Gross Unrealized Losses | (2,301) | (898) |
Available-for-sale securities | 137,771 | 120,237 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Amortized Cost | 19,773 | 24,774 |
Gross Unrealized Gains | 63 | 86 |
Gross Unrealized Losses | (249) | (290) |
Held-to-maturity securities | 19,587 | 24,570 |
Amortized Cost | 885,783 | 650,619 |
Gross Unrealized Gains | 178 | 937 |
Gross Unrealized Losses | (17,637) | (4,130) |
Available-for-sale securities | 868,324 | 647,426 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized Cost | 362,532 | 440,676 |
Gross Unrealized Gains | 4,967 | 9,138 |
Gross Unrealized Losses | (842) | (123) |
Held-to-maturity securities | 366,657 | 449,691 |
Amortized Cost | 108,374 | 9,762 |
Gross Unrealized Gains | 38 | 112 |
Gross Unrealized Losses | (5,469) | |
Available-for-sale securities | 102,943 | 9,874 |
Other Securities [Member] | ||
Amortized Cost | 2,916 | 2,784 |
Gross Unrealized Gains | ||
Gross Unrealized Losses | ||
Held-to-maturity securities | 2,916 | 2,784 |
Amortized Cost | 47,022 | 39,594 |
Gross Unrealized Gains | 996 | 420 |
Gross Unrealized Losses | (2) | (138) |
Available-for-sale securities | 48,016 | 39,876 |
US Treasury Securities [Member] | ||
Amortized Cost | 300 | 4,000 |
Gross Unrealized Gains | ||
Gross Unrealized Losses | (6) | |
Available-for-sale securities | $ 300 | $ 3,994 |
Note 3 - Investment Securitie54
Note 3 - Investment Securities - Securities with Unrealized Losses (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Held-to-maturity, less than 12 months, estimated fair value | $ 149,666 | $ 143,582 |
Held-to-maturity, less than 12 months, gross unrealized losses | 1,187 | 761 |
Held-to-maturity, 12 months or more, estimated fair value | 21,754 | 91,256 |
Held-to-maturity, 12 months or more, gross unrealized losses | 86 | 1,047 |
Held-to-maturity, total, estimated fair value | 171,420 | 234,838 |
Held-to-maturity, total, gross unrealized losses | 1,273 | 1,808 |
Available-for-sale, less than 12 months, estimated fair value | 1,054,739 | 590,993 |
Available-for-sale, less than 12 months, gross unrealized losses | 25,409 | 4,590 |
Available-for-sale, 12 months or more, estimated fair value | 46,533 | |
Available-for-sale, 12 months or more, gross unrealized losses | 582 | |
Available-for-sale, total, estimated fair value | 1,054,739 | 637,526 |
Available-for-sale, total, gross unrealized losses | 25,409 | 5,172 |
US Government Agencies Debt Securities [Member] | ||
Held-to-maturity, less than 12 months, estimated fair value | 32,859 | 107,758 |
Held-to-maturity, less than 12 months, gross unrealized losses | 141 | 567 |
Held-to-maturity, 12 months or more, estimated fair value | 19,959 | 79,166 |
Held-to-maturity, 12 months or more, gross unrealized losses | 41 | 828 |
Held-to-maturity, total, estimated fair value | 52,818 | 186,924 |
Held-to-maturity, total, gross unrealized losses | 182 | 1,395 |
Available-for-sale, less than 12 months, estimated fair value | 126,325 | 62,473 |
Available-for-sale, less than 12 months, gross unrealized losses | 2,301 | 317 |
Available-for-sale, 12 months or more, estimated fair value | 46,023 | |
Available-for-sale, 12 months or more, gross unrealized losses | 581 | |
Available-for-sale, total, estimated fair value | 126,325 | 108,496 |
Available-for-sale, total, gross unrealized losses | 2,301 | 898 |
Collateralized Mortgage Backed Securities [Member] | ||
Held-to-maturity, less than 12 months, estimated fair value | 11,833 | 7,958 |
Held-to-maturity, less than 12 months, gross unrealized losses | 205 | 94 |
Held-to-maturity, 12 months or more, estimated fair value | 1,465 | 8,144 |
Held-to-maturity, 12 months or more, gross unrealized losses | 44 | 196 |
Held-to-maturity, total, estimated fair value | 13,298 | 16,102 |
Held-to-maturity, total, gross unrealized losses | 249 | 290 |
Available-for-sale, less than 12 months, estimated fair value | 833,393 | 523,185 |
Available-for-sale, less than 12 months, gross unrealized losses | 17,637 | 4,130 |
Available-for-sale, 12 months or more, estimated fair value | ||
Available-for-sale, 12 months or more, gross unrealized losses | ||
Available-for-sale, total, estimated fair value | 833,393 | 523,185 |
Available-for-sale, total, gross unrealized losses | 17,637 | 4,130 |
US States and Political Subdivisions Debt Securities [Member] | ||
Held-to-maturity, less than 12 months, estimated fair value | 104,974 | 27,866 |
Held-to-maturity, less than 12 months, gross unrealized losses | 841 | 100 |
Held-to-maturity, 12 months or more, estimated fair value | 330 | 3,946 |
Held-to-maturity, 12 months or more, gross unrealized losses | 1 | 23 |
Held-to-maturity, total, estimated fair value | 105,304 | 31,812 |
Held-to-maturity, total, gross unrealized losses | 842 | 123 |
Available-for-sale, less than 12 months, estimated fair value | 94,922 | 281 |
Available-for-sale, less than 12 months, gross unrealized losses | 5,469 | |
Available-for-sale, 12 months or more, estimated fair value | ||
Available-for-sale, 12 months or more, gross unrealized losses | ||
Available-for-sale, total, estimated fair value | 94,922 | 281 |
Available-for-sale, total, gross unrealized losses | 5,469 | |
Other Securities [Member] | ||
Available-for-sale, less than 12 months, estimated fair value | 99 | 1,060 |
Available-for-sale, less than 12 months, gross unrealized losses | 2 | 137 |
Available-for-sale, 12 months or more, estimated fair value | 510 | |
Available-for-sale, 12 months or more, gross unrealized losses | 1 | |
Available-for-sale, total, estimated fair value | 99 | 1,570 |
Available-for-sale, total, gross unrealized losses | $ 2 | 138 |
US Treasury Securities [Member] | ||
Available-for-sale, less than 12 months, estimated fair value | 3,994 | |
Available-for-sale, less than 12 months, gross unrealized losses | 6 | |
Available-for-sale, 12 months or more, estimated fair value | ||
Available-for-sale, 12 months or more, gross unrealized losses | ||
Available-for-sale, total, estimated fair value | 3,994 | |
Available-for-sale, total, gross unrealized losses | $ 6 |
Note 3 - Investment Securitie55
Note 3 - Investment Securities - Income Earned on Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Investment securities | $ 33,479 | $ 30,613 | $ 19,357 |
Held-to-maturity Securities [Member] | |||
Taxable Investment Income | 3,778 | 5,162 | 5,839 |
Non-taxable Investment Income | 10,641 | 11,635 | 10,625 |
Available-for-sale Securities [Member] | |||
Taxable Investment Income | 17,928 | 12,129 | 2,785 |
Non-taxable Investment Income | $ 1,132 | $ 1,687 | $ 108 |
Note 3 - Investment Securitie56
Note 3 - Investment Securities - Maturities of Investment Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Held-to-maturity, amortized cost, one year or less | $ 52,055 | |
Held-to-maturity, fair value, one year or less | 52,034 | |
Available-for-sale, amortized cost, one year or less | 1,552 | |
Available-for-sale, fair value, one year or less | 1,552 | |
Held-to-maturity, amortized cost, after one through five years | 122,870 | |
Held-to-maturity, fair value, after one through five years | 123,029 | |
Available-for-sale, amortized cost, after one through five years | 96,774 | |
Available-for-sale, fair value, after one through five years | 95,688 | |
Held-to-maturity, amortized cost, after five through ten years | 105,482 | |
Held-to-maturity, fair value, after five through ten years | 106,097 | |
Available-for-sale, amortized cost, after five through ten years | 12,756 | |
Available-for-sale, fair value, after five through ten years | 12,539 | |
Held-to-maturity, amortized cost, after ten years | 161,916 | |
Held-to-maturity, fair value, after ten years | 165,213 | |
Available-for-sale, amortized cost, after ten years | 138,697 | |
Available-for-sale, fair value, after ten years | 132,335 | |
Held-to-maturity, amortized cost, securities not due on a single maturity date | 19,773 | |
Held-to-maturity, fair value, securities not due on a single maturity date | 19,587 | |
Available-for-sale, amortized cost, securities not due on a single maturity date | 885,783 | |
Available-for-sale, fair value, securities not due on a single maturity date | 868,324 | |
Available-for-sale, amortized cost, other securities (no maturity) | 45,922 | |
Available-for-sale, fair value, other securities (no maturity) | 46,916 | |
Held-to-maturity, amortized cost, total | 462,096 | $ 705,373 |
Held-to-maturity, fair value, total | 465,960 | 713,371 |
Available-for-sale, amortized cost, total | 1,181,484 | 824,992 |
Available-for-sale, fair value, total | $ 1,157,354 | $ 821,407 |
Note 4 - Loans and Allowance 57
Note 4 - Loans and Allowance for Loan Losses (Details Textual) | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2015USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Loans and Leases Receivable, Gross | $ 5,630,000,000 | $ 4,920,000,000 | ||
Impaired Financing Receivable, Recorded Investment | 43,696,000 | 18,190,000 | ||
Impaired Financing Receivable, Related Allowance | 680,000 | 2,831,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | $ 1,200,000 | 1,593,000 | 1,200,000 | $ 800,000 |
Impaired Financing Receivable, Average Recorded Investment | 16,675,000 | $ 35,978,000 | $ 16,700,000 | 17,500,000 |
Financing Receivable, Modifications, Number of Contracts | 70 | 18 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 13,907,000 | $ 2,636,000 | ||
Loans and Leases Receivable, Allowance, Covered | 402,000 | $ 113,000 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | |||
Mortgage Loans in Process of Foreclosure, Amount | 1,714,000 | $ 1,064,000 | ||
Real Estate Acquired Through Foreclosure | 26,895,000 | 44,820,000 | ||
Loans and Leases Receivable Classified | 47,800,000 | 49,900,000 | ||
Covered Purchased Impaired Loans Allowance | 954,000 | |||
Provision for Loan Losses Net of FDIC Loss Share Adjustments | 400,000 | |||
Non Covered Impaired Loans Allowance Reclassified | 954,000 | 954,000 | 954,000 | |
Provision for Loan and Lease Losses | 20,065,000 | 9,022,000 | 7,245,000 | |
Loans and Leases Receivable, Allowance | 36,286,000 | 31,351,000 | ||
Risk Ratings 6,7, and 8 [Member] | ||||
Loans and Leases Receivable Classified | 166,000,000 | 153,700,000 | ||
Substandard [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 17,800,000 | 23,500,000 | ||
OREO Secured by Residential Real Estate Properties [Member] | ||||
Real Estate Acquired Through Foreclosure | 5,094,000 | 5,916,000 | ||
Consumer Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | 488,563,000 | 385,668,000 | ||
Impaired Financing Receivable, Recorded Investment | 2,173,000 | 921,000 | ||
Impaired Financing Receivable, Related Allowance | 1,000 | $ 92,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 70,000 | 67,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 973,000 | $ 1,412,000 | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 1 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 50,000 | $ 13,000 | ||
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | ||||
Loans and Leases Receivable, Allowance, Covered | $ 39,000 | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | |||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | $ 3,028,079,000 | 2,204,992,000 | ||
Impaired Financing Receivable, Recorded Investment | 30,001,000 | 15,017,000 | ||
Impaired Financing Receivable, Related Allowance | 417,000 | $ 2,307,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 987,000 | 1,274,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 13,712,000 | $ 28,854,000 | ||
Financing Receivable, Modifications, Number of Contracts | 51 | 12 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 11,861,000 | $ 2,276,000 | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||||
Loans and Leases Receivable, Gross | 904,245,000 | 696,180,000 | ||
Impaired Financing Receivable, Recorded Investment | 12,383,000 | 5,647,000 | ||
Impaired Financing Receivable, Related Allowance | 162,000 | $ 1,034,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 370,000 | 419,000 | ||
Impaired Financing Receivable, Average Recorded Investment | $ 5,148,000 | $ 9,486,000 | ||
Financing Receivable, Modifications, Number of Contracts | 23 | 11 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 1,570,000 | $ 1,179,000 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | |||
Financing Receivable, Modifications, Subsequent Default, Charge Off | $ 31,000 | |||
Real Estate Owned, Transfer to Real Estate Owned | $ 69,000 | |||
Restructured Loan [Member] | ||||
Financing Receivable, Modifications, Number of Contracts | 15 | |||
Proceeds from Collection of Loans Receivable | $ 3,700,000 | |||
Commercial Real Estate and Residential Real Estate [Member] | OREO Received in Full or Partial Satisfaction of Loans [Member] | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 236,000 | 167,000 | ||
Acquired Loans [Member] | ||||
Loans and Leases Receivable, Gross | 1,305,683,000 | 1,672,901,000 | ||
Loans and Leases Receivable, Allowance, Covered | 954,000 | 954,000 | 954,000 | |
Non Covered Impaired Loans Allowance Reclassified | 954,000 | 954,000 | ||
Provision for Loan and Lease Losses | 626,000 | 736,000 | ||
Allowance for Loan and Lease Losses, Write-offs | 626,000 | |||
Loans and Leases Receivable, Allowance | 0 | |||
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | 49,677,000 | 75,606,000 | ||
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | 1,170,871,000 | 1,432,189,000 | ||
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||||
Loans and Leases Receivable, Gross | 423,176,000 | 501,002,000 | ||
Loans, Including Acquired Loans [Member] | ||||
Loans and Leases Receivable, Allowance | $ 37,240,000 | $ 32,305,000 | $ 29,982,000 |
Note 4 - Loans and Allowance 58
Note 4 - Loans and Allowance for Loan Losses - Loan Portfolio by Categories (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 | |
Loans and Leases Receivable, Gross | $ 5,630,000,000 | $ 4,920,000,000 | |
Loans acquired, net of discount and allowance (1) | [1] | 1,305,683,000 | 1,672,901,000 |
Total loans | 5,632,890,000 | 4,919,355,000 | |
Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 4,327,207,000 | 3,246,454,000 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 488,563,000 | 385,668,000 | |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 488,563,000 | 385,668,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Gross | 184,591,000 | 177,288,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 184,591,000 | 177,288,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Loans and Leases Receivable, Gross | 303,972,000 | 208,380,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 303,972,000 | 208,380,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 3,028,079,000 | 2,204,992,000 | |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 3,028,079,000 | 2,204,992,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Gross | 336,759,000 | 279,740,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 336,759,000 | 279,740,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Loans and Leases Receivable, Gross | 904,245,000 | 696,180,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 904,245,000 | 696,180,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | |||
Loans and Leases Receivable, Gross | 1,787,075,000 | 1,229,072,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 1,787,075,000 | 1,229,072,000 | |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 789,903,000 | 648,679,000 | |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 789,903,000 | 648,679,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Gross | 639,525,000 | 500,116,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 639,525,000 | 500,116,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Loans and Leases Receivable, Gross | 150,378,000 | 148,563,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 150,378,000 | 148,563,000 | |
Unallocated Financing Receivables [Member] | |||
Loans and Leases Receivable, Gross | 20,662,000 | 7,115,000 | |
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | $ 20,662,000 | $ 7,115,000 | |
[1] | See Note 5, Loans Acquired, for segregation of loans acquired by loan class. |
Note 4 - Loans and Allowance 59
Note 4 - Loans and Allowance for Loan Losses - Nonaccrual Loans, Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Loans in nonaccrual status | $ 39,104 | $ 17,714 |
Consumer Portfolio Segment [Member] | ||
Loans in nonaccrual status | 2,166 | 654 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Loans in nonaccrual status | 373 | 212 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 1,793 | 442 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans in nonaccrual status | 27,935 | 14,828 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 3,411 | 4,955 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 12,139 | 5,453 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 12,385 | 4,420 |
Commercial Portfolio Segment [Member] | ||
Loans in nonaccrual status | 9,003 | 2,232 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 7,765 | 1,968 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | $ 1,238 | $ 264 |
Note 4 - Loans and Allowance 60
Note 4 - Loans and Allowance for Loan Losses - Age Analysis of Past Due Loans, Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Loans and Leases Receivable, Gross | $ 5,630,000,000 | $ 4,920,000,000 |
Loans, Excluding Acquired Loans [Member] | ||
Past Due | 40,313,000 | 26,646,000 |
Current | 4,286,894,000 | 3,219,808,000 |
Loans and Leases Receivable, Gross | 4,327,207,000 | 3,246,454,000 |
90 Days Past Due & Accruing | 300,000 | 1,191,000 |
Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 18,605,000 | 13,391,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 21,708,000 | 13,255,000 |
Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 488,563,000 | 385,668,000 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 5,804,000 | 3,645,000 |
Current | 482,759,000 | 382,023,000 |
Loans and Leases Receivable, Gross | 488,563,000 | 385,668,000 |
90 Days Past Due & Accruing | 286,000 | 641,000 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 4,502,000 | 2,518,000 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,302,000 | 1,127,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Loans and Leases Receivable, Gross | 184,591,000 | 177,288,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 991,000 | 1,118,000 |
Current | 183,600,000 | 176,170,000 |
Loans and Leases Receivable, Gross | 184,591,000 | 177,288,000 |
90 Days Past Due & Accruing | 275,000 | 267,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 716,000 | 639,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 275,000 | 479,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable, Gross | 303,972,000 | 208,380,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 4,813,000 | 2,527,000 |
Current | 299,159,000 | 205,853,000 |
Loans and Leases Receivable, Gross | 303,972,000 | 208,380,000 |
90 Days Past Due & Accruing | 11,000 | 374,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 3,786,000 | 1,879,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,027,000 | 648,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 3,028,079,000 | 2,204,992,000 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 25,837,000 | 18,208,000 |
Current | 3,002,242,000 | 2,186,784,000 |
Loans and Leases Receivable, Gross | 3,028,079,000 | 2,204,992,000 |
90 Days Past Due & Accruing | 14,000 | 389,000 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 11,942,000 | 7,053,000 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 13,895,000 | 11,155,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable, Gross | 336,759,000 | 279,740,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 2,666,000 | 5,839,000 |
Current | 334,093,000 | 273,901,000 |
Loans and Leases Receivable, Gross | 336,759,000 | 279,740,000 |
90 Days Past Due & Accruing | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,420,000 | 1,328,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,246,000 | 4,511,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans and Leases Receivable, Gross | 904,245,000 | 696,180,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 12,237,000 | 8,198,000 |
Current | 892,008,000 | 687,982,000 |
Loans and Leases Receivable, Gross | 904,245,000 | 696,180,000 |
90 Days Past Due & Accruing | 14,000 | 364,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 6,310,000 | 4,856,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 5,927,000 | 3,342,000 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans and Leases Receivable, Gross | 1,787,075,000 | 1,229,072,000 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 10,934,000 | 4,171,000 |
Current | 1,776,141,000 | 1,224,901,000 |
Loans and Leases Receivable, Gross | 1,787,075,000 | 1,229,072,000 |
90 Days Past Due & Accruing | 25,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 4,212,000 | 869,000 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 6,722,000 | 3,302,000 |
Commercial Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 789,903,000 | 648,679,000 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 8,672,000 | 4,592,000 |
Current | 781,231,000 | 644,087,000 |
Loans and Leases Receivable, Gross | 789,903,000 | 648,679,000 |
90 Days Past Due & Accruing | 146,000 | |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 2,161,000 | 3,712,000 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 6,511,000 | 880,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans and Leases Receivable, Gross | 639,525,000 | 500,116,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 7,336,000 | 4,064,000 |
Current | 632,189,000 | 496,052,000 |
Loans and Leases Receivable, Gross | 639,525,000 | 500,116,000 |
90 Days Past Due & Accruing | 90,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 2,040,000 | 3,427,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 5,296,000 | 637,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans and Leases Receivable, Gross | 150,378,000 | 148,563,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,336,000 | 528,000 |
Current | 149,042,000 | 148,035,000 |
Loans and Leases Receivable, Gross | 150,378,000 | 148,563,000 |
90 Days Past Due & Accruing | 56,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 121,000 | 285,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,215,000 | 243,000 |
Unallocated Financing Receivables [Member] | ||
Loans and Leases Receivable, Gross | 20,662,000 | 7,115,000 |
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 201,000 | |
Current | 20,662,000 | 6,914,000 |
Loans and Leases Receivable, Gross | 20,662,000 | 7,115,000 |
90 Days Past Due & Accruing | 15,000 | |
Unallocated Financing Receivables [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 108,000 | |
Unallocated Financing Receivables [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | $ 93,000 |
Note 4 - Loans and Allowance 61
Note 4 - Loans and Allowance for Loan Losses - Impaired Loans, Net of Government Guarantees and Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Unpaid Contractual Principal Balance | $ 54,521,000 | $ 21,162,000 | ||
Recorded Investment With No Allowance | 24,678,000 | 13,486,000 | ||
Recorded Investment With Allowance | 19,018,000 | 4,704,000 | ||
Impaired Financing Receivable, Recorded Investment | 43,696,000 | 18,190,000 | ||
Impaired Financing Receivable, Related Allowance | 680,000 | 2,831,000 | ||
Impaired Financing Receivable, Average Recorded Investment | $ 16,675,000 | 35,978,000 | 16,700,000 | $ 17,500,000 |
Impaired Financing Receivable, Interest Income, Accrual Method | 1,200,000 | 1,593,000 | 1,200,000 | $ 800,000 |
Consumer Portfolio Segment [Member] | ||||
Unpaid Contractual Principal Balance | 2,209,000 | 938,000 | ||
Recorded Investment With No Allowance | 2,170,000 | 902,000 | ||
Recorded Investment With Allowance | 3,000 | 19,000 | ||
Impaired Financing Receivable, Recorded Investment | 2,173,000 | 921,000 | ||
Impaired Financing Receivable, Related Allowance | 1,000 | 92,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 973,000 | 1,412,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 70,000 | 67,000 | ||
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Unpaid Contractual Principal Balance | 373,000 | 479,000 | ||
Recorded Investment With No Allowance | 373,000 | 479,000 | ||
Recorded Investment With Allowance | ||||
Impaired Financing Receivable, Recorded Investment | 373,000 | 479,000 | ||
Impaired Financing Receivable, Related Allowance | 7,000 | |||
Impaired Financing Receivable, Average Recorded Investment | 411,000 | 346,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 30,000 | 20,000 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Unpaid Contractual Principal Balance | 1,836,000 | 459,000 | ||
Recorded Investment With No Allowance | 1,797,000 | 423,000 | ||
Recorded Investment With Allowance | 3,000 | 19,000 | ||
Impaired Financing Receivable, Recorded Investment | 1,800,000 | 442,000 | ||
Impaired Financing Receivable, Related Allowance | 1,000 | 85,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 562,000 | 1,066,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 40,000 | 47,000 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Unpaid Contractual Principal Balance | 38,238,000 | 17,304,000 | ||
Recorded Investment With No Allowance | 18,559,000 | 10,666,000 | ||
Recorded Investment With Allowance | 11,442,000 | 4,351,000 | ||
Impaired Financing Receivable, Recorded Investment | 30,001,000 | 15,017,000 | ||
Impaired Financing Receivable, Related Allowance | 417,000 | 2,307,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 13,712,000 | 28,854,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 987,000 | 1,274,000 | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Unpaid Contractual Principal Balance | 4,275,000 | 5,678,000 | ||
Recorded Investment With No Allowance | 1,038,000 | 1,636,000 | ||
Recorded Investment With Allowance | 2,374,000 | 3,318,000 | ||
Impaired Financing Receivable, Recorded Investment | 3,412,000 | 4,954,000 | ||
Impaired Financing Receivable, Related Allowance | 156,000 | 441,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 5,417,000 | 4,436,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 390,000 | 196,000 | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||||
Unpaid Contractual Principal Balance | 12,970,000 | 5,938,000 | ||
Recorded Investment With No Allowance | 10,630,000 | 4,702,000 | ||
Recorded Investment With Allowance | 1,753,000 | 945,000 | ||
Impaired Financing Receivable, Recorded Investment | 12,383,000 | 5,647,000 | ||
Impaired Financing Receivable, Related Allowance | 162,000 | 1,034,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 5,148,000 | 9,486,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 370,000 | 419,000 | ||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||||
Unpaid Contractual Principal Balance | 20,993,000 | 5,688,000 | ||
Recorded Investment With No Allowance | 6,891,000 | 4,328,000 | ||
Recorded Investment With Allowance | 7,315,000 | 88,000 | ||
Impaired Financing Receivable, Recorded Investment | 14,206,000 | 4,416,000 | ||
Impaired Financing Receivable, Related Allowance | 99,000 | 832,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 3,147,000 | 14,932,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 227,000 | 659,000 | ||
Commercial Portfolio Segment [Member] | ||||
Unpaid Contractual Principal Balance | 14,074,000 | 2,920,000 | ||
Recorded Investment With No Allowance | 3,949,000 | 1,918,000 | ||
Recorded Investment With Allowance | 7,573,000 | 334,000 | ||
Impaired Financing Receivable, Recorded Investment | 11,522,000 | 2,252,000 | ||
Impaired Financing Receivable, Related Allowance | 262,000 | 432,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 1,990,000 | 5,712,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 143,000 | 252,000 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||||
Unpaid Contractual Principal Balance | 11,848,000 | 2,656,000 | ||
Recorded Investment With No Allowance | 2,734,000 | 1,654,000 | ||
Recorded Investment With Allowance | 7,573,000 | 334,000 | ||
Impaired Financing Receivable, Recorded Investment | 10,307,000 | 1,988,000 | ||
Impaired Financing Receivable, Related Allowance | 262,000 | 387,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 1,736,000 | 4,666,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 125,000 | 206,000 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||
Unpaid Contractual Principal Balance | 2,226,000 | 264,000 | ||
Recorded Investment With No Allowance | 1,215,000 | 264,000 | ||
Recorded Investment With Allowance | ||||
Impaired Financing Receivable, Recorded Investment | 1,215,000 | 264,000 | ||
Impaired Financing Receivable, Related Allowance | $ 45,000 | |||
Impaired Financing Receivable, Average Recorded Investment | 254,000 | 1,046,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | $ 18,000 | $ 46,000 |
Note 4 - Loans and Allowance 62
Note 4 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings, Excluding Loans Acquired, Segregated by Class of Loans (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Financing Receivable, Modifications, Number of Contracts | 70 | 18 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 1 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 51 | 12 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 23 | 11 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 17 | 5 |
Loans, Excluding Acquired Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 79 | 25 |
Troubled debt, balance | $ 14,174 | $ 5,561 |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 |
Troubled debt, balance | $ 3 | $ 13 |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 |
Troubled debt, balance | $ 3 | $ 13 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 58 | 19 |
Troubled debt, balance | $ 12,091 | $ 5,216 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 25 | 5 |
Troubled debt, balance | $ 9,828 | $ 3,491 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 |
Troubled debt, balance | $ 18 | $ 253 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 32 | 13 |
Troubled debt, balance | $ 2,245 | $ 1,472 |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 20 | 5 |
Troubled debt, balance | $ 2,080 | $ 332 |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 20 | 5 |
Troubled debt, balance | $ 2,080 | $ 332 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 41 | 6 |
Troubled debt, balance | $ 10,998 | $ 3,031 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | ||
Troubled debt, balance | ||
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | ||
Troubled debt, balance | ||
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 26 | 6 |
Troubled debt, balance | $ 9,215 | $ 3,031 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 23 | 4 |
Troubled debt, balance | $ 9,048 | $ 2,894 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | ||
Troubled debt, balance | ||
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 3 | 2 |
Troubled debt, balance | $ 167 | $ 137 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 15 | |
Troubled debt, balance | $ 1,783 | |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 15 | |
Troubled debt, balance | $ 1,783 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 38 | 19 |
Troubled debt, balance | $ 3,176 | $ 2,530 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 |
Troubled debt, balance | $ 3 | $ 13 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 |
Troubled debt, balance | $ 3 | $ 13 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 32 | 13 |
Troubled debt, balance | $ 2,876 | $ 2,185 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 1 |
Troubled debt, balance | $ 780 | $ 597 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 |
Troubled debt, balance | $ 18 | $ 253 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 29 | 11 |
Troubled debt, balance | $ 2,078 | $ 1,335 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 5 | 5 |
Troubled debt, balance | $ 297 | $ 332 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 5 | 5 |
Troubled debt, balance | $ 297 | $ 332 |
Note 4 - Loans and Allowance 63
Note 4 - Loans and Allowance for Loan Losses - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Financing Receivable, Modifications, Number of Contracts | 70 | 18 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 13,907 | $ 2,636 |
Balance | 13,757 | 2,545 |
Extended Maturity [Member] | ||
Modification | 12,071 | $ 2,545 |
Contractual Interest Rate Reduction [Member] | ||
Modification | $ 1,686 | |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 50 | $ 13 |
Balance | 11 | 13 |
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | ||
Modification | $ 11 | $ 13 |
Consumer Portfolio Segment [Member] | Other Consumer [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 50 | $ 13 |
Balance | 11 | 13 |
Consumer Portfolio Segment [Member] | Other Consumer [Member] | Extended Maturity [Member] | ||
Modification | $ 11 | $ 13 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 51 | 12 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 11,861 | $ 2,276 |
Balance | 11,778 | 2,200 |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | ||
Modification | 10,092 | $ 2,200 |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Modification | $ 1,686 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 23 | 11 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 1,570 | $ 1,179 |
Balance | 1,518 | 1,103 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Extended Maturity [Member] | ||
Modification | 964 | $ 1,103 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Contractual Interest Rate Reduction [Member] | ||
Modification | $ 554 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 28 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 10,291 | $ 1,097 |
Balance | 10,260 | 1,097 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Extended Maturity [Member] | ||
Modification | 9,128 | $ 1,097 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Contractual Interest Rate Reduction [Member] | ||
Modification | $ 1,132 | |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 17 | 5 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 1,996 | $ 347 |
Balance | 1,968 | 332 |
Commercial Portfolio Segment [Member] | Extended Maturity [Member] | ||
Modification | $ 1,968 | $ 332 |
Note 4 - Loans and Allowance 64
Note 4 - Loans and Allowance for Loan Losses - Loans by Credit Risk Rating, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | |
Balance, end of period | $ 5,632,890 | $ 4,919,355 | |
Loans acquired | [1] | 1,305,683 | 1,672,901 |
Pass [Member] | |||
Balance, end of period | 5,433,036 | 4,745,322 | |
Loans acquired | 1,217,886 | 1,590,384 | |
Special Mention [Member] | |||
Balance, end of period | 33,865 | 20,334 | |
Loans acquired | 22,181 | 9,150 | |
Substandard [Member] | |||
Balance, end of period | 164,251 | 148,719 | |
Loans acquired | 64,075 | 69,219 | |
Doubtful [Member] | |||
Balance, end of period | 1,715 | 4,521 | |
Loans acquired | 1,541 | 3,689 | |
Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | 23 | 459 | |
Loans acquired | 459 | ||
Consumer Portfolio Segment [Member] | |||
Balance, end of period | 488,563 | 385,668 | |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Balance, end of period | 485,575 | 383,878 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Balance, end of period | 26 | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | |||
Balance, end of period | 2,962 | 1,741 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | |||
Balance, end of period | 49 | ||
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Balance, end of period | 184,591 | 177,288 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Pass [Member] | |||
Balance, end of period | 183,943 | 176,809 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Special Mention [Member] | |||
Balance, end of period | |||
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Substandard [Member] | |||
Balance, end of period | 648 | 479 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Doubtful [Member] | |||
Balance, end of period | |||
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Balance, end of period | 303,972 | 208,380 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member] | |||
Balance, end of period | 301,632 | 207,069 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Special Mention [Member] | |||
Balance, end of period | 26 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Substandard [Member] | |||
Balance, end of period | 2,314 | 1,262 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Doubtful [Member] | |||
Balance, end of period | 49 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
Commercial Real Estate Portfolio Segment [Member] | |||
Balance, end of period | 3,028,079 | 2,204,992 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | |||
Balance, end of period | 2,943,890 | 2,128,687 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | |||
Balance, end of period | 10,996 | 8,424 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | |||
Balance, end of period | 73,019 | 67,104 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | |||
Balance, end of period | 174 | 777 | |
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Balance, end of period | 336,759 | 279,740 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||
Balance, end of period | 330,080 | 270,386 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||
Balance, end of period | 98 | 319 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||
Balance, end of period | 6,565 | 9,019 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | |||
Balance, end of period | 16 | 16 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Balance, end of period | 904,245 | 696,180 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Pass [Member] | |||
Balance, end of period | 875,603 | 679,484 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | |||
Balance, end of period | 4,024 | 2,701 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Substandard [Member] | |||
Balance, end of period | 24,460 | 13,824 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | |||
Balance, end of period | 158 | 171 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | |||
Balance, end of period | 1,787,075 | 1,229,072 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Pass [Member] | |||
Balance, end of period | 1,738,207 | 1,178,817 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Special Mention [Member] | |||
Balance, end of period | 6,874 | 5,404 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Substandard [Member] | |||
Balance, end of period | 41,994 | 44,261 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Doubtful [Member] | |||
Balance, end of period | 590 | ||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
Commercial Portfolio Segment [Member] | |||
Balance, end of period | 789,903 | 648,679 | |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Balance, end of period | 765,023 | 635,351 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Balance, end of period | 662 | 2,760 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Balance, end of period | 24,195 | 10,562 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||
Balance, end of period | 6 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | 23 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Balance, end of period | 639,525 | 500,116 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | |||
Balance, end of period | 616,805 | 487,563 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | |||
Balance, end of period | 558 | 2,760 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | |||
Balance, end of period | 22,162 | 9,787 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | |||
Balance, end of period | 6 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Balance, end of period | 150,378 | 148,563 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Pass [Member] | |||
Balance, end of period | 148,218 | 147,788 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Special Mention [Member] | |||
Balance, end of period | 104 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Substandard [Member] | |||
Balance, end of period | 2,033 | 775 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Doubtful [Member] | |||
Balance, end of period | |||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | 23 | ||
Unallocated Financing Receivables [Member] | |||
Balance, end of period | 20,662 | 7,115 | |
Unallocated Financing Receivables [Member] | Pass [Member] | |||
Balance, end of period | 20,662 | 7,022 | |
Unallocated Financing Receivables [Member] | Special Mention [Member] | |||
Balance, end of period | |||
Unallocated Financing Receivables [Member] | Substandard [Member] | |||
Balance, end of period | 93 | ||
Unallocated Financing Receivables [Member] | Doubtful [Member] | |||
Balance, end of period | |||
Unallocated Financing Receivables [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Balance, end of period | |||
[1] | See Note 5, Loans Acquired, for segregation of loans acquired by loan class. |
Note 4 - Loans and Allowance 65
Note 4 - Loans and Allowance for Loan Losses - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Loans Receivable | $ (14,504) | $ (5,963) |
Consumer Portfolio Segment [Member] | ||
Loans Receivable | (3,747) | (3,351) |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Loans Receivable | (2,288) | (2,217) |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans Receivable | (1,459) | (1,134) |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans Receivable | (7,166) | (1,377) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans Receivable | (16) | (44) |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans Receivable | (706) | (407) |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans Receivable | (6,444) | (926) |
Commercial Portfolio Segment [Member] | ||
Loans Receivable | (3,591) | (1,235) |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans Receivable | (1,255) | (1,202) |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans Receivable | $ (2,336) | $ (33) |
Note 4 - Loans and Allowance 66
Note 4 - Loans and Allowance for Loan Losses - Activity in the Allowance for Loan Losses, by Portfolio Segment, for the Current Year (Details) - USD ($) | 12 Months Ended | |||||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||||
Balance, beginning of year | $ 31,351,000 | |||||
Provision for loan losses | 20,065,000 | $ 9,022,000 | $ 7,245,000 | |||
Balance, end of year | 36,286,000 | 31,351,000 | ||||
Loans, Excluding Acquired Loans [Member] | ||||||
Balance, beginning of year | 31,351,000 | [1] | 29,028,000 | [1] | 27,442,000 | |
Provision for loan losses | 19,439,000 | [2] | 8,286,000 | [2] | 6,882,000 | |
Charge-offs | (16,643,000) | (7,774,000) | (8,554,000) | |||
Recoveries | 2,139,000 | 1,811,000 | 3,258,000 | |||
Net charge-offs | (14,504,000) | (5,963,000) | (5,296,000) | |||
Balance, end of year | 36,286,000 | [2] | 31,351,000 | [1] | 29,028,000 | [1] |
Loans individually evaluated for impairment | 680,000 | 2,831,000 | ||||
Loans collectively evaluated for impairment | 35,606,000 | 28,520,000 | ||||
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||||||
Balance, beginning of year | 5,985,000 | [1] | 6,962,000 | [1] | 3,205,000 | |
Provision for loan losses | 5,345,000 | [2] | 258,000 | [2] | 4,475,000 | |
Charge-offs | (3,956,000) | (1,415,000) | (1,044,000) | |||
Recoveries | 365,000 | 180,000 | 326,000 | |||
Net charge-offs | (3,591,000) | (1,235,000) | (718,000) | |||
Balance, end of year | 7,739,000 | [2] | 5,985,000 | [1] | 6,962,000 | [1] |
Loans individually evaluated for impairment | 262,000 | 432,000 | ||||
Loans collectively evaluated for impairment | 7,477,000 | 5,553,000 | ||||
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Balance, beginning of year | 19,522,000 | [1] | 15,161,000 | [1] | 16,885,000 | |
Provision for loan losses | 9,461,000 | [2] | 5,738,000 | [2] | (606,000) | |
Charge-offs | (7,517,000) | (1,580,000) | (2,684,000) | |||
Recoveries | 351,000 | 203,000 | 1,566,000 | |||
Net charge-offs | (7,166,000) | (1,377,000) | (1,118,000) | |||
Balance, end of year | 21,817,000 | [2] | 19,522,000 | [1] | 15,161,000 | [1] |
Loans individually evaluated for impairment | 417,000 | 2,307,000 | ||||
Loans collectively evaluated for impairment | 21,400,000 | 17,215,000 | ||||
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||||||
Balance, beginning of year | 3,893,000 | [1] | 5,445,000 | [1] | 5,430,000 | |
Provision for loan losses | 2,174,000 | [2] | 665,000 | [2] | 2,307,000 | |
Charge-offs | (3,195,000) | (3,107,000) | (3,188,000) | |||
Recoveries | 907,000 | 890,000 | 896,000 | |||
Net charge-offs | (2,288,000) | (2,217,000) | (2,292,000) | |||
Balance, end of year | 3,779,000 | [2] | 3,893,000 | [1] | 5,445,000 | [1] |
Loans individually evaluated for impairment | 7,000 | |||||
Loans collectively evaluated for impairment | 3,779,000 | 3,886,000 | ||||
Loans, Excluding Acquired Loans [Member] | Unallocated Financing Receivables [Member] | ||||||
Balance, beginning of year | 1,951,000 | [1] | 1,460,000 | [1] | 1,922,000 | |
Provision for loan losses | 2,459,000 | [2] | 1,625,000 | [2] | 706,000 | |
Charge-offs | (1,975,000) | (1,672,000) | (1,638,000) | |||
Recoveries | 516,000 | 538,000 | 470,000 | |||
Net charge-offs | (1,459,000) | (1,134,000) | (1,168,000) | |||
Balance, end of year | 2,951,000 | [2] | 1,951,000 | [1] | $ 1,460,000 | [1] |
Loans individually evaluated for impairment | 1,000 | 85,000 | ||||
Loans collectively evaluated for impairment | $ 2,950,000 | $ 1,866,000 | ||||
[1] | Allowance for loan losses at December 31, 2016, 2015 and 2014 includes $954,000 allowance for loans acquired (not shown in the table above). The total allowance for loan losses at December 31, 2016, 2015 and 2014 was $37,240,000, $32,305,000 and $29,982,000, respectively. | |||||
[2] | Provision for loan losses of $626,000 attributable to loans acquired was excluded from this table for the year ended December 31, 2016 (total provision for loan losses for the year ended December 31, 2016 was $20,065,000). The $626,000 was subsequently charged-off, resulting in no increase to the ending balance in the allowance related to loans acquired. Provision for loan losses of $736,000 attributable to acquired loans, covered by FDIC loss share, was excluded from this table for the year ended December 31, 2015 (total provision for loan losses for the year ended December 31, 2015 is $9,022,000). |
Note 4 - Loans and Allowance 67
Note 4 - Loans and Allowance for Loan Losses - Recorded Investment in Loans, Excluding Loans Acquired (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Balance, end of period | $ 5,632,890 | $ 4,919,355 |
Commercial Portfolio Segment [Member] | ||
Balance, end of period | 789,903 | 648,679 |
Commercial Real Estate Portfolio Segment [Member] | ||
Balance, end of period | 3,028,079 | 2,204,992 |
Consumer Portfolio Segment [Member] | ||
Balance, end of period | 488,563 | 385,668 |
Unallocated Financing Receivables [Member] | ||
Balance, end of period | 20,662 | 7,115 |
Loans, Excluding Acquired Loans [Member] | ||
Loans individually evaluated for impairment | 43,696 | 18,190 |
Loans collectively evaluated for impairment | 4,283,511 | 3,228,264 |
Balance, end of period | 4,327,207 | 3,246,454 |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 11,522 | 2,252 |
Loans collectively evaluated for impairment | 778,381 | 646,427 |
Balance, end of period | 789,903 | 648,679 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 30,001 | 15,017 |
Loans collectively evaluated for impairment | 2,998,078 | 2,189,975 |
Balance, end of period | 3,028,079 | 2,204,992 |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 373 | 479 |
Loans collectively evaluated for impairment | 184,218 | 176,809 |
Balance, end of period | 184,591 | 177,288 |
Loans, Excluding Acquired Loans [Member] | Unallocated Financing Receivables [Member] | ||
Loans individually evaluated for impairment | 1,800 | 442 |
Loans collectively evaluated for impairment | 322,834 | 215,053 |
Balance, end of period | $ 324,634 | $ 215,495 |
Note 5 - Loans Acquired (Detail
Note 5 - Loans Acquired (Details Textual) - USD ($) | Sep. 15, 2015 | Sep. 30, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2016 | Mar. 31, 2015 | Sep. 30, 2014 |
FDIC Indemnification Asset, Cash Payments Received | $ 2,368,000 | $ 2,368,000 | ||||||
Gain (Loss) on Contract Termination | (7,476,000) | $ (7,476,000) | $ (7,476,000) | |||||
Non Covered Impaired Loans Allowance Reclassified | 954,000 | 954,000 | 954,000 | |||||
Covered Purchased Impaired Loans Allowance | 954,000 | |||||||
Provision for Loan and Lease Losses | 20,065,000 | 9,022,000 | $ 7,245,000 | |||||
FDIC Indemnification Asset, Accretion of Discount | $ 0 | |||||||
Acquired Loans [Member] | ||||||||
Non Covered Impaired Loans Allowance Reclassified | 954,000 | 954,000 | ||||||
Provision for Loan and Lease Losses | $ 626,000 | $ 736,000 | ||||||
Citizens National Bank [Member] | ||||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Not Covered By FDIC Loss Share | $ 340,100,000 | |||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Gross | 348,800,000 | |||||||
Loans Acquired Discount | 8,700,000 | |||||||
Citizens National Bank [Member] | Purchased Credit Impaired Loans [Member] | ||||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Not Covered By FDIC Loss Share | 757,000 | |||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Gross | 1,600,000 | |||||||
Loans Acquired Discount | $ 848,000 | |||||||
Liberty Bancshares, Inc. [Member] | ||||||||
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] | ||||||||
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] | ||||||||
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] | ||||||||
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 | |||||||
Delta Trust [Member] | ||||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Not Covered By FDIC Loss Share | $ 308,200,000 | |||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Gross | 316,100,000 | |||||||
Loans Acquired Discount | 7,900,000 | |||||||
Delta Trust [Member] | Purchased Credit Impaired Loans [Member] | ||||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Not Covered By FDIC Loss Share | 3,500,000 | |||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Other Noncurrent Assets Loans Acquired Gross | 10,700,000 | |||||||
Loans Acquired Discount | $ 7,200,000 |
Note 5 - Loans Acquired - Carry
Note 5 - Loans Acquired - Carrying Value of all Acquired Impaired Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | |
Acquired loans | [1] | $ 1,305,683 | $ 1,672,901 |
Consumer Portfolio Segment [Member] | |||
Acquired loans | 49,677 | 75,606 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Acquired loans | 1,170,871 | 1,432,189 | |
Commercial Portfolio Segment [Member] | |||
Acquired loans | 85,135 | 165,106 | |
Credit Card Receivable [Member] | Consumer Portfolio Segment [Member] | |||
Acquired loans | |||
Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Acquired loans | 49,677 | 75,606 | |
Other Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Acquired loans | 690,108 | 854,068 | |
Construction Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Acquired loans | 57,587 | 77,119 | |
Single Family Residential Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Acquired loans | 423,176 | 501,002 | |
Commercial Loans [Member] | Commercial Portfolio Segment [Member] | |||
Acquired loans | 81,837 | 154,533 | |
Agricultural Loans [Member] | Commercial Portfolio Segment [Member] | |||
Acquired loans | $ 3,298 | $ 10,573 | |
[1] | Loans acquired are reported net of a $954,000 allowance at December 31, 2016 and 2015. |
Note 5 - Loans Acquired - Nonac
Note 5 - Loans Acquired - Nonaccrual Acquired Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Loans in nonaccrual status | $ 39,104 | $ 17,714 |
Acquired Loans [Member] | ||
Loans in nonaccrual status | 46,832 | 18,951 |
Consumer Portfolio Segment [Member] | ||
Loans in nonaccrual status | 2,166 | 654 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 1,793 | 442 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 456 | 71 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 456 | 71 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans in nonaccrual status | 27,935 | 14,828 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 3,411 | 4,955 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 12,139 | 5,453 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 12,385 | 4,420 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 43,372 | 15,013 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 7,961 | 783 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 13,366 | 7,795 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 22,045 | 6,435 |
Commercial Portfolio Segment [Member] | ||
Loans in nonaccrual status | 9,003 | 2,232 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 7,765 | 1,968 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | 1,238 | 264 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 3,004 | 3,867 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 2,806 | 3,859 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | $ 198 | $ 8 |
Note 5 - Loans Acquired - Age A
Note 5 - Loans Acquired - Age Analysis of Past Due Acquired Loans, Excluding Loans Covered by Loss Share (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Loans and Leases Receivable, Gross | $ 5,630,000,000 | $ 4,920,000,000 |
Acquired Loans [Member] | ||
Past Due | 37,940,000 | 51,039,000 |
Current | 1,267,743,000 | 1,621,862,000 |
Loans and Leases Receivable, Gross | 1,305,683,000 | 1,672,901,000 |
90 Days Past Due & Accruing | 11,000 | 3,224,000 |
Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 12,668,000 | 26,078,000 |
Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 25,272,000 | 24,961,000 |
Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 488,563,000 | 385,668,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable, Gross | 303,972,000 | 208,380,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 760,000 | 948,000 |
Current | 48,917,000 | 74,658,000 |
Loans and Leases Receivable, Gross | 49,677,000 | 75,606,000 |
90 Days Past Due & Accruing | 57,000 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 571,000 | 826,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 189,000 | 122,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Past Due | 760,000 | 948,000 |
Current | 48,917,000 | 74,658,000 |
Loans and Leases Receivable, Gross | 49,677,000 | 75,606,000 |
90 Days Past Due & Accruing | 57,000 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 571,000 | 826,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 189,000 | 122,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 3,028,079,000 | 2,204,992,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable, Gross | 336,759,000 | 279,740,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans and Leases Receivable, Gross | 904,245,000 | 696,180,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 34,256,000 | 45,248,000 |
Current | 1,136,615,000 | 1,386,941,000 |
Loans and Leases Receivable, Gross | 1,170,871,000 | 1,432,189,000 |
90 Days Past Due & Accruing | 11,000 | 1,859,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 11,326,000 | 23,139,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 22,930,000 | 22,109,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Past Due | 13,577,000 | 20,720,000 |
Current | 676,531,000 | 833,348,000 |
Loans and Leases Receivable, Gross | 690,108,000 | 854,068,000 |
90 Days Past Due & Accruing | 203,000 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 2,836,000 | 12,910,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 10,741,000 | 7,810,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Past Due | 7,464,000 | 10,185,000 |
Current | 50,123,000 | 66,934,000 |
Loans and Leases Receivable, Gross | 57,587,000 | 77,119,000 |
90 Days Past Due & Accruing | 410,000 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 132,000 | 736,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 7,332,000 | 9,449,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Past Due | 13,215,000 | 14,343,000 |
Current | 409,961,000 | 486,659,000 |
Loans and Leases Receivable, Gross | 423,176,000 | 501,002,000 |
90 Days Past Due & Accruing | 11,000 | 1,246,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 8,358,000 | 9,493,000 |
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] | ||
Past Due | 4,857,000 | 4,850,000 |
Commercial Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 789,903,000 | 648,679,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans and Leases Receivable, Gross | 639,525,000 | 500,116,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans and Leases Receivable, Gross | 150,378,000 | 148,563,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 2,924,000 | 4,843,000 |
Current | 82,211,000 | 160,263,000 |
Loans and Leases Receivable, Gross | 85,135,000 | 165,106,000 |
90 Days Past Due & Accruing | 1,308,000 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 771,000 | 2,113,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 2,153,000 | 2,730,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Past Due | 2,876,000 | 4,333,000 |
Current | 78,961,000 | 150,200,000 |
Loans and Leases Receivable, Gross | 81,837,000 | 154,533,000 |
90 Days Past Due & Accruing | 912,000 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 723,000 | 1,999,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 2,153,000 | 2,334,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Past Due | 48,000 | 510,000 |
Current | 3,250,000 | 10,063,000 |
Loans and Leases Receivable, Gross | 3,298,000 | 10,573,000 |
90 Days Past Due & Accruing | 396,000 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 48,000 | 114,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | $ 396,000 |
Note 5 - Loans Acquired - Summa
Note 5 - Loans Acquired - Summary of Acquired Loans, Excluding Loans Covered by Loss Share (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Balance, end of period | $ 5,632,890 | $ 4,919,355 |
Pass [Member] | ||
Balance, end of period | 5,433,036 | 4,745,322 |
Special Mention [Member] | ||
Balance, end of period | 33,865 | 20,334 |
Substandard [Member] | ||
Balance, end of period | 164,251 | 148,719 |
Doubtful [Member] | ||
Balance, end of period | 1,715 | 4,521 |
Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | 23 | 459 |
Acquired Loans [Member] | ||
Balance, end of period | 1,305,683 | 1,672,901 |
Acquired Loans [Member] | Pass [Member] | ||
Balance, end of period | 1,217,886 | 1,590,384 |
Acquired Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 22,181 | 9,150 |
Acquired Loans [Member] | Substandard [Member] | ||
Balance, end of period | 64,075 | 69,219 |
Acquired Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 1,541 | 3,689 |
Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | 459 | |
Consumer Portfolio Segment [Member] | ||
Balance, end of period | 488,563 | 385,668 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Balance, end of period | 485,575 | 383,878 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Balance, end of period | 26 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Balance, end of period | 2,962 | 1,741 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Balance, end of period | 49 | |
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Balance, end of period | 303,972 | 208,380 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member] | ||
Balance, end of period | 301,632 | 207,069 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 26 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Substandard [Member] | ||
Balance, end of period | 2,314 | 1,262 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 49 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Balance, end of period | 49,677 | 75,606 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Balance, end of period | 48,992 | 75,330 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 14 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Balance, end of period | 671 | 276 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Balance, end of period | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Balance, end of period | 49,677 | 75,606 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Pass [Member] | ||
Balance, end of period | 48,992 | 75,330 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 14 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Substandard [Member] | ||
Balance, end of period | 671 | 276 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Doubtful [Member] | ||
Balance, end of period | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Commercial Real Estate Portfolio Segment [Member] | ||
Balance, end of period | 3,028,079 | 2,204,992 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Balance, end of period | 2,943,890 | 2,128,687 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Balance, end of period | 10,996 | 8,424 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Balance, end of period | 73,019 | 67,104 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | ||
Balance, end of period | 174 | 777 |
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Balance, end of period | 336,759 | 279,740 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Balance, end of period | 330,080 | 270,386 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 98 | 319 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Balance, end of period | 6,565 | 9,019 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 16 | 16 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Balance, end of period | 904,245 | 696,180 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Pass [Member] | ||
Balance, end of period | 875,603 | 679,484 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 4,024 | 2,701 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Substandard [Member] | ||
Balance, end of period | 24,460 | 13,824 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 158 | 171 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Balance, end of period | 1,170,871 | 1,432,189 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Balance, end of period | 1,092,275 | 1,360,505 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 20,168 | 8,818 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Balance, end of period | 56,893 | 60,732 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 1,535 | 1,675 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | 459 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Balance, end of period | 690,108 | 854,068 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Pass [Member] | ||
Balance, end of period | 641,018 | 812,537 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 17,384 | 7,328 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Substandard [Member] | ||
Balance, end of period | 31,706 | 33,748 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Doubtful [Member] | ||
Balance, end of period | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | 455 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Balance, end of period | 57,587 | 77,119 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Pass [Member] | ||
Balance, end of period | 50,704 | 68,775 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 88 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Substandard [Member] | ||
Balance, end of period | 6,795 | 8,344 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Balance, end of period | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Balance, end of period | 423,176 | 501,002 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Pass [Member] | ||
Balance, end of period | 400,553 | 479,193 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 2,696 | 1,490 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Substandard [Member] | ||
Balance, end of period | 18,392 | 18,640 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 1,535 | 1,675 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | 4 | |
Commercial Portfolio Segment [Member] | ||
Balance, end of period | 789,903 | 648,679 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Balance, end of period | 765,023 | 635,351 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Balance, end of period | 662 | 2,760 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Balance, end of period | 24,195 | 10,562 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Balance, end of period | 6 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | 23 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Balance, end of period | 639,525 | 500,116 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | ||
Balance, end of period | 616,805 | 487,563 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 558 | 2,760 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Balance, end of period | 22,162 | 9,787 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 6 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Balance, end of period | 150,378 | 148,563 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Pass [Member] | ||
Balance, end of period | 148,218 | 147,788 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 104 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Substandard [Member] | ||
Balance, end of period | 2,033 | 775 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Doubtful [Member] | ||
Balance, end of period | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | 23 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Balance, end of period | 85,135 | 165,106 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Balance, end of period | 76,619 | 154,549 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 1,999 | 332 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Balance, end of period | 6,511 | 8,211 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 6 | 2,014 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Balance, end of period | 81,837 | 154,533 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Pass [Member] | ||
Balance, end of period | 73,609 | 144,239 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 1,965 | 332 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Balance, end of period | 6,257 | 7,948 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Balance, end of period | 6 | 2,014 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Balance, end of period | 3,298 | 10,573 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Pass [Member] | ||
Balance, end of period | 3,010 | 10,310 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Special Mention [Member] | ||
Balance, end of period | 34 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Substandard [Member] | ||
Balance, end of period | 254 | 263 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Doubtful [Member] | ||
Balance, end of period | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Balance, end of period |
Note 5 - Loans Acquired - Sum73
Note 5 - Loans Acquired - Summary of the Non-covered Impaired Loans Acquired in Acquisitions - Loans Acquired, Not Covered By FDIC Loss Share (Details) - Loans Acquired, Not Covered By FDIC Loss Share [Member] - USD ($) $ in Thousands | Sep. 09, 2016 | Feb. 27, 2015 | Aug. 31, 2014 |
Citizens National Bank [Member] | |||
Contractually required principal and interest at acquisition | $ 348,756 | ||
Non-accretable difference (expected losses and foregone interest) | |||
Cash flows expected to be collected at acquisition | 348,756 | ||
Accretable yield | (8,663) | ||
Basis in acquired loans at acquisition | 340,093 | ||
Citizens National Bank [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Contractually required principal and interest at acquisition | 1,605 | ||
Non-accretable difference (expected losses and foregone interest) | (848) | ||
Cash flows expected to be collected at acquisition | 757 | ||
Accretable yield | |||
Basis in acquired loans at acquisition | $ 757 | ||
Liberty Bancshares, Inc. [Member] | |||
Contractually required principal and interest at acquisition | $ 774,777 | ||
Non-accretable difference (expected losses and foregone interest) | |||
Cash flows expected to be collected at acquisition | 774,777 | ||
Accretable yield | (4,869) | ||
Basis in acquired loans at acquisition | 769,908 | ||
Liberty Bancshares, Inc. [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
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] | |||
Contractually required principal and interest at acquisition | 1,153,255 | ||
Non-accretable difference (expected losses and foregone interest) | |||
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] | |||
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 | ||
Delta Trust [Member] | |||
Contractually required principal and interest at acquisition | $ 316,103 | ||
Non-accretable difference (expected losses and foregone interest) | |||
Cash flows expected to be collected at acquisition | 316,103 | ||
Accretable yield | (7,949) | ||
Basis in acquired loans at acquisition | 308,154 | ||
Delta Trust [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Contractually required principal and interest at acquisition | 10,726 | ||
Non-accretable difference (expected losses and foregone interest) | (7,023) | ||
Cash flows expected to be collected at acquisition | 3,703 | ||
Accretable yield | (177) | ||
Basis in acquired loans at acquisition | $ 3,526 |
Note 5 - Loans Acquired - Impac
Note 5 - Loans Acquired - Impact of the Adjustments on the Company's Financial Results for the Following Reporting Periods (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | ||
Impact on net interest income | $ 3,072 | $ 19,995 | |
Non-interest income (1) | [1] | (7,719) | |
Net impact to pre-tax income | 3,072 | 12,276 | |
Net impact, net of taxes | $ 1,867 | $ 7,461 | |
[1] | Negative non-interest income resulted from the amortization of the FDIC indemnification assets. Because the Company's loss share agreements with the FDIC have been terminated, there will be no further indemnification asset amortization. |
Note 5 - Loans Acquired - Chang
Note 5 - Loans Acquired - Changes in the Carrying Amount of the Accretable Yield for All Purchased Impaired and Non-impaired Loans (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Beginning balance | $ 954 | $ 20,635 | $ 41,385 |
Beginning balance | 23,469 | 169,098 | 234,785 |
Additions | 19 | (116) | 177 |
Additions | 757 | 17,750 | 3,526 |
Accretable yield adjustments | 5,122 | 6,593 | 9,104 |
Accretion | (4,440) | (21,038) | (30,031) |
Accretion | 4,440 | 21,038 | 30,031 |
Payments and other reductions, net | (5,120) | ||
Payments and other reductions, net | (10,864) | (184,417) | (99,244) |
Ending balance | 1,655 | 954 | 20,635 |
Ending balance | $ 17,802 | $ 23,469 | $ 169,098 |
Note 5 - Loans Acquired - Sum76
Note 5 - Loans Acquired - Summary of the Changes in the FDIC True-Up Provision (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Balance | $ 8,308 | $ 6,768 |
Amortization expense | 107 | 168 |
Adjustments related to changes in expected losses | 720 | 1,372 |
Balance | $ 8,308 | |
Loss share termination agreement | $ (9,135) |
Note 6 - Goodwill and Other I77
Note 6 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||
Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Sep. 09, 2016 | Feb. 27, 2015 | |
Goodwill | $ 327,686,000 | $ 348,505,000 | $ 327,686,000 | ||||||
Amortization of Intangible Assets | 5,945,000 | 4,889,000 | $ 1,979,000 | ||||||
Core Deposit Premium [Member] | |||||||||
Amortization of Intangible Assets | $ 4,400,000 | 3,900,000 | 1,400,000 | ||||||
Core Deposit Premium [Member] | Salina Banking Operations [Member] | |||||||||
Decrease in Intangible Assets from The Sale of Business | $ 382,000 | ||||||||
Core Deposit Premium [Member] | Minimum [Member] | |||||||||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||||||||
Core Deposit Premium [Member] | Maximum [Member] | |||||||||
Finite-Lived Intangible Asset, Useful Life | 15 years | ||||||||
Books of Business Intangible [Member] | |||||||||
Amortization of Intangible Assets | $ 1,100,000 | 528,000 | 151,000 | ||||||
Books of Business Intangible [Member] | Minimum [Member] | |||||||||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||||||||
Books of Business Intangible [Member] | Maximum [Member] | |||||||||
Finite-Lived Intangible Asset, Useful Life | 15 years | ||||||||
Purchased Credit Card Relationships [Member] | |||||||||
Amortization of Intangible Assets | $ 414,000 | 414,000 | $ 414,000 | ||||||
Citizens National Bank [Member] | |||||||||
Goodwill | $ 21,495,000 | ||||||||
Goodwill, Acquired During Period | 21,500,000 | ||||||||
Citizens National Bank [Member] | Core Deposit Premium [Member] | |||||||||
Finite-lived Intangible Assets Acquired | $ 5,100,000 | ||||||||
Citizens National Bank [Member] | Books of Business Intangible [Member] | |||||||||
Finite-lived Intangible Assets Acquired | $ 591,000 | ||||||||
Liberty Bancshares, Inc. [Member] | |||||||||
Goodwill | $ 95,207,000 | ||||||||
Goodwill, Acquired During Period | 95,200,000 | ||||||||
Liberty Bancshares, Inc. [Member] | Core Deposit Premium [Member] | |||||||||
Finite-lived Intangible Assets Acquired | 14,600,000 | ||||||||
Community First Bancshares Inc [Member] | |||||||||
Goodwill | $ 110,440,000 | ||||||||
Goodwill, Acquired During Period | 110,400,000 | ||||||||
Community First Bancshares Inc [Member] | Core Deposit Premium [Member] | |||||||||
Finite-lived Intangible Assets Acquired | 11,300,000 | ||||||||
Community First Bancshares Inc [Member] | Books of Business Intangible [Member] | |||||||||
Finite-lived Intangible Assets Acquired | $ 420,000 | ||||||||
Ozark Trust [Member] | |||||||||
Goodwill, Acquired During Period | $ 13,300,000 | ||||||||
Ozark Trust [Member] | Books of Business Intangible [Member] | |||||||||
Finite-lived Intangible Assets Acquired | $ 9,700,000 |
Note 6 - Goodwill and Other I78
Note 6 - Goodwill and Other Intangible Assets - Goodwill, Core Deposit Premiums and Purchased Credit Card Relationships (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Goodwill | $ 348,505 | $ 327,686 |
Core deposit premiums, net | 52,959 | |
Total goodwill and other intangible assets | 401,464 | 380,923 |
Core Deposit Premium [Member] | ||
Gross carrying amount | 48,692 | 43,648 |
Accumulated amortization | (10,625) | (6,217) |
Core deposit premiums, net | 38,067 | 37,431 |
Purchased Credit Card Relationships [Member] | ||
Gross carrying amount | 2,068 | 2,068 |
Accumulated amortization | (1,344) | (931) |
Core deposit premiums, net | 724 | 1,137 |
Books of Business Intangible [Member] | ||
Gross carrying amount | 15,884 | 15,293 |
Accumulated amortization | (1,716) | (624) |
Core deposit premiums, net | 14,168 | 14,669 |
Other Intangible Assets [Member] | ||
Core deposit premiums, net | $ 52,959 | $ 53,237 |
Note 6 - Goodwill and Other I79
Note 6 - Goodwill and Other Intangible Assets - Amortization Expense (Details) $ in Thousands | Dec. 31, 2016USD ($) |
2,017 | $ 6,202 |
2,018 | 6,099 |
2,019 | 5,789 |
2,020 | 5,777 |
2,021 | 5,715 |
Thereafter | 23,377 |
Total | $ 52,959 |
Note 7 - Time Deposits (Details
Note 7 - Time Deposits (Details Textual) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Time Deposits, $100,000 or More | $ 600,280,000 | $ 625,755,000 |
Time Deposits, at or Above FDIC Insurance Limit | 193,596,000 | 186,352,000 |
Interest-bearing Domestic Deposit, Brokered | 7,040,000 | $ 1,455,000 |
Time Deposit Maturities, Next Twelve Months | 928,935,000 | |
Time Deposit Maturities, Year Two | 240,219,000 | |
Time Deposit Maturities, Year Three | 77,481,000 | |
Time Deposit Maturities, Year Four | 27,852,000 | |
Time Deposit Maturities, Year Five | 12,559,000 | |
Time Deposit Maturities, after Year Five | $ 14,000 |
Note 8 - Income Taxes (Details
Note 8 - Income Taxes (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2016 | Nov. 25, 2013 | |
Earliest Tax Year [Member] | Domestic Tax Authority [Member] | ||
Open Tax Year | 2,013 | |
Earliest Tax Year [Member] | State and Local Jurisdiction [Member] | ||
Open Tax Year | 2,013 | |
Metropolitan [Member] | ||
Operating Loss Carryforwards | $ 37.5 |
Note 8 - Income Taxes - Provisi
Note 8 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Income taxes currently payable | $ 36,792 | $ 19,301 | $ 23,631 |
Deferred income taxes | (9,832) | 13,599 | (9,029) |
Provision for income taxes | $ 46,624 | $ 32,900 | $ 14,602 |
Note 8 - Income Taxes - Tax Eff
Note 8 - Income Taxes - Tax Effects of Temporary Differences Related to Deferred Taxes Included in Other Liabilities: (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Deferred tax assets: | ||
Loans acquired | $ 7,986 | $ 14,716 |
Allowance for loan losses | 14,754 | 12,700 |
Valuation of foreclosed assets | 3,958 | 11,212 |
Tax NOLs from acquisition | 13,077 | 14,593 |
Deferred compensation payable | 2,785 | 2,767 |
Vacation compensation | 1,740 | 2,250 |
Accrued equity and other compensation | 6,367 | 5,197 |
Acquired securities | 1,098 | 1,770 |
Other accrued liabilities | 1,834 | 1,943 |
Unrealized loss on available-for-sale securities | 9,559 | 1,655 |
Other | 5,267 | 3,006 |
Gross deferred tax assets | 68,425 | 71,809 |
Deferred tax liabilities: | ||
Goodwill and other intangible amortization | (29,601) | (30,550) |
Limitations under IRC Sec 382 | (3,478) | |
Accumulated depreciation | (5,370) | (3,914) |
Other | (5,877) | (4,187) |
Gross deferred tax liabilities | (40,848) | (42,129) |
Net deferred tax asset, included in other assets | $ 27,577 | $ 29,680 |
Note 8 - Income Taxes - Reconci
Note 8 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Computed at the statutory rate (35%) | $ 50,203 | $ 37,543 | $ 17,601 |
State income taxes, net of federal tax benefit | 2,121 | 2,097 | 41 |
Tax exempt interest income | (4,207) | (4,708) | (3,774) |
Tax exempt earnings on BOLI | (905) | (724) | (499) |
Section 382 adjustment | (2,293) | ||
Other differences, net | (588) | 985 | 1,233 |
Provision for income taxes | $ 46,624 | $ 32,900 | $ 14,602 |
Note 9 - Securities Sold Unde85
Note 9 - Securities Sold Under Agreements to Repurchase (Details Textual) - USD ($) $ in Millions | Dec. 31, 2016 | Dec. 31, 2015 |
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | $ 102.4 | $ 96.8 |
Note 9 - Securities Sold Unde86
Note 9 - Securities Sold Under Agreements to Repurchase - Contractual Maturity of the Agreements (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | $ 102,400 | $ 96,800 |
US Government Agencies Debt Securities [Member] | ||
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | 102,404 | 96,838 |
Maturity Overnight [Member] | US Government Agencies Debt Securities [Member] | ||
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | 101,647 | 89,512 |
Maturity Less than 30 Days [Member] | US Government Agencies Debt Securities [Member] | ||
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | ||
Maturity 30 to 90 Days [Member] | US Government Agencies Debt Securities [Member] | ||
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | ||
Maturity Greater than 90 Days [Member] | US Government Agencies Debt Securities [Member] | ||
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | $ 757 | $ 7,326 |
Note 10 - Other Borrowings an87
Note 10 - Other Borrowings and Subordinated Debentures (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 12 Months Ended |
Oct. 31, 2015 | Dec. 31, 2016 | |
Repayments of Long-term Debt | $ 36 | |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | $ 180 | |
Advances from Federal Home Loan Banks | 225.2 | |
Advances from Federal Home Loan Bank Available | 1,300 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 1,700 | |
Federal Home Loan Bank Advances [Member] | ||
Debt Instrument, Term | 1 year | |
Correspondent Banks [Member] | ||
Debt Instrument, Face Amount | $ 52.3 | |
Debt Instrument, Interest Rate, Stated Percentage | 3.85% | |
Debt Instrument, Term | 10 years | |
Debt Instrument, Periodic Payment Terms, Balloon Payment Term | 5 years |
Note 10 - Other Borrowings an88
Note 10 - Other Borrowings and Subordinated Debentures - Long-term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Total other borrowings | $ 273,159 | $ 162,289 |
Subordinated Debentures | 60,397 | 60,570 |
Total other borrowings and subordinated debentures | 333,556 | 222,859 |
Federal Home Loan Bank Advances [Member] | ||
FHLB advances, net of discount, due 2017 to 2033, 0.46% to 7.37% secured by residential real estate loans | 225,230 | 109,989 |
Note Payable Due 10/15/2020 [Member] | ||
Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured | 47,929 | 52,300 |
Trust Preferred Securities Due 12/30/2033 Floating Rate of 2.8% Above Three Month LIBOR 1 [Member] | ||
Subordinated Debentures | 20,620 | 20,620 |
Trust Preferred Securities Due 6/30/2035 [Member] | ||
Subordinated Debentures | 9,225 | 9,723 |
Trust Preferred Securities Due 9/15/2037 [Member] | ||
Subordinated Debentures | 10,130 | 9,975 |
Trust Preferred Securities Due 12/3/2033 [Member] | ||
Subordinated Debentures | 5,161 | 5,167 |
Trust Preferred Securities Due 12/13/2034 [Member] | ||
Subordinated Debentures | 5,105 | 5,063 |
Trust Preferred Securities, Due 6/6/2037 [Member] | ||
Subordinated Debentures | $ 10,156 | $ 10,022 |
Note 10 - Other Borrowings an89
Note 10 - Other Borrowings and Subordinated Debentures - Long-term Debt (Details) (Parentheticals) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Federal Home Loan Bank Advances [Member] | Minimum [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 0.46% | 0.46% |
Federal Home Loan Bank Advances [Member] | Maximum [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 7.37% | 7.37% |
Note Payable Due 10/15/2020 [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.85% | 3.85% |
Trust Preferred Securities Due 12/30/2033 Floating Rate of 2.8% Above Three Month LIBOR 1 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Floating rate | 2.80% | 2.80% |
Trust Preferred Securities Due 6/30/2035 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Floating rate | 1.75% | 1.75% |
Trust Preferred Securities Due 9/15/2037 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Floating rate | 1.37% | 1.37% |
Trust Preferred Securities Due 12/3/2033 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Floating rate | 2.88% | 2.88% |
Trust Preferred Securities Due 12/13/2034 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Floating rate | 2.00% | 2.00% |
Trust Preferred Securities, Due 6/6/2037 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Floating rate | 1.57% | 1.57% |
Note 10 - Other Borrowings an90
Note 10 - Other Borrowings and Subordinated Debentures - Aggregate Annual Maturities of Long-term Debt (Details) $ in Thousands | Dec. 31, 2016USD ($) |
2,017 | $ 193,714 |
2,018 | 23,913 |
2,019 | 7,673 |
2,020 | 36,429 |
2,021 | 2,332 |
Thereafter | 69,495 |
Total | $ 333,556 |
Note 11 - Capital Stock (Detail
Note 11 - Capital Stock (Details Textual) - USD ($) | Feb. 27, 2015 | Dec. 31, 2016 | Feb. 18, 2016 | Dec. 31, 2013 | Dec. 31, 2015 | Mar. 04, 2014 | Jul. 23, 2012 | Feb. 27, 2009 |
Preferred Stock, Shares Authorized | 40,040,000 | 40,040,000 | ||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | ||||||
Preferred Stock, Dividend Rate, Percentage | 9.00% | 1.00% | ||||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 850,000 | |||||||
Percent of Oustanding Stock | 5.00% | |||||||
Stock Repurchased During Period, Shares | 419,564 | |||||||
Stock Repurchased Weighted Average Price | $ 25.89 | |||||||
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 154,136 | |||||||
Shelf Registration Statement Max Capital Allowed to Raise | $ 300,000,000 | |||||||
Community First Bancshares Inc [Member] | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 6,552,915 | |||||||
Community First Bancshares Inc [Member] | Preferred Stock [Member] | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 30,852 | |||||||
Maximum [Member] | ||||||||
Preferred Stock, Liquidation Preference, Value | $ 80,000,000 |
Note 12 - Transactions With R92
Note 12 - Transactions With Related Parties (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Notes Receivable, Related Parties | $ 65,834 | $ 58,404 | $ 25,142 |
Note 12 - Transactions With R93
Note 12 - Transactions With Related Parties - Related Party Transactions, Extensions of Credit (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Balance, beginning of year | $ 58,404 | $ 25,142 |
New extensions of credit | 18,298 | 48,529 |
Repayments | (10,868) | (15,267) |
Balance, end of year | $ 65,834 | $ 58,404 |
Note 13 - Employee Benefit Pl94
Note 13 - Employee Benefit Plans (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Employee Stock Ownership Plan (ESOP), Compensation Expense | $ 5,488,000 | $ 6,278,000 | $ 4,496,000 |
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 1,056,000 | 804,000 | 453,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 95.00% | ||
Allocated Share-based Compensation Expense | $ 5,451,000 | 4,018,000 | $ 1,366,000 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 842,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 7,800,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 219 days | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 9,128,000 | $ 6,552,000 | |
Share Price | $ 62.15 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 63,712 | 71,368 | 64,720 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 2,031,000 | $ 2,054,000 | $ 957,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 11.64 | $ 7.81 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 58,000 | 375,000 | 0 |
Employee Stock Purchase Plan 2011 [Member] | |||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 25000.00% | ||
Special Employee Stock Purchase Plan 2015 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85.00% | ||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | $ 10,000 |
Note 13 - Employee Benefit Pl95
Note 13 - Employee Benefit Plans - Stock Compensation Plans (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Stock Options Outstanding Number of Shares, Balance (in shares) | 485,000 | 120,000 | 185,000 |
Stock Options Outstanding Weighted Average Exercise Price, Balance (in dollars per share) | $ 40.62 | $ 27.72 | $ 27.04 |
Stock Options Outstanding Weighted Average Exercise Price, Granted (in dollars per share) | $ 47.02 | $ 44.69 | |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | (63,712) | (71,368) | (64,720) |
Stock Options Outstanding Weighted Average Exercise Price, Stock Options Exercised (in dollars per share) | $ 30.28 | $ 22.57 | $ 25.86 |
Stock Options Outstanding Weighted Average Exercise Price, Forfeited/Expired (in dollars per share) | $ 35.05 | $ 24.49 | |
Stock Options Outstanding Number of Shares, Balance (in shares) | 473,000 | 485,000 | 120,000 |
Stock Options Outstanding Weighted Average Exercise Price, Balance (in dollars per share) | $ 42.85 | $ 40.62 | $ 27.72 |
Stock Options Outstanding Number of Shares, Granted (in shares) | 58,000 | 375,000 | 0 |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | (63,712) | (71,368) | (64,720) |
Stock Options Outstanding Number of Shares, Stock Options from Acquisitions (in shares) | 66,000 | ||
Stock Options Outstanding Weighted Average Exercise Price, Stock Options from Acquisitions (in dollars per share) | $ 20.43 | ||
Stock Options Outstanding Number of Shares, Forfeited/Expired (in shares) | (6,000) | (5,000) | |
Stock Options Outstanding Weighted Average Exercise Price, Stock Options Exercised (in dollars per share) | $ 30.28 | $ 22.57 | $ 25.86 |
Stock Options Outstanding Number of Shares, Exercisable (in shares) | 322,000 | ||
Stock Options Outstanding Weighted Average Exercise Price,Exercisable (in dollars per share) | $ 41.82 | ||
Restricted Stock [Member] | |||
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | 171,000 | 227,000 | 145,000 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ 35.65 | $ 31.88 | $ 26 |
Stock Awards/Units Outstanding Number of Shares, Granted (in shares) | 136,000 | 95,000 | 134,000 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Granted (in dollars per share) | $ 46.92 | $ 43.45 | $ 37.51 |
Stock Awards/Units Outstanding Number of Shares, Vested (in shares) | (159,000) | (131,000) | (51,000) |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Vested (in dollars per share) | $ 41.91 | $ 34.77 | $ 30.62 |
Stock Awards/Units Outstanding Number of Shares, Forfeited/Expired (in shares) | (9,000) | (20,000) | (1,000) |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Forfeited/Expired (in dollars per share) | $ 43.70 | $ 35.36 | $ 26.54 |
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | 139,000 | 171,000 | 227,000 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ 40.96 | $ 35.65 | $ 31.88 |
Stock Units [Member] | |||
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | 20,000 | ||
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ 37.15 | ||
Stock Awards/Units Outstanding Number of Shares, Granted (in shares) | 108,000 | 20,000 | |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Granted (in dollars per share) | $ 46.95 | $ 37.15 | |
Stock Awards/Units Outstanding Number of Shares, Vested (in shares) | (12,000) | ||
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Vested (in dollars per share) | $ 45.54 | ||
Stock Awards/Units Outstanding Number of Shares, Forfeited/Expired (in shares) | (3,000) | ||
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Forfeited/Expired (in dollars per share) | $ 47.02 | ||
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | 113,000 | 20,000 | |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ 45.40 | $ 37.15 |
Note 13 - Employee Benefit Pl96
Note 13 - Employee Benefit Plans - Stock Options Outstanding by Range of Exercise Prices (Details) | 12 Months Ended |
Dec. 31, 2016$ / sharesshares | |
Range of exercise prices, minimum (in dollars per share) | $ 17.55 |
Range of exercise prices, maximum (in dollars per share) | $ 48.13 |
Options outstanding, number of shares (in shares) | shares | 473 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 262 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 42.84 |
Options exercisable, number of shares (in shares) | shares | 322 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 41.82 |
Range01 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 17.55 |
Range of exercise prices, maximum (in dollars per share) | $ 21.29 |
Options outstanding, number of shares (in shares) | shares | 13 |
Options outstanding, weighted average remaining contractual life (Year) | 4 years 211 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 19.93 |
Options exercisable, number of shares (in shares) | shares | 8 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 19.58 |
Range 02 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 21.51 |
Range of exercise prices, maximum (in dollars per share) | $ 21.51 |
Options outstanding, number of shares (in shares) | shares | 2 |
Options outstanding, weighted average remaining contractual life (Year) | 3 years 18 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 21.51 |
Options exercisable, number of shares (in shares) | shares | 2 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 21.51 |
Range 03 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 28.42 |
Range of exercise prices, maximum (in dollars per share) | $ 28.42 |
Options outstanding, number of shares (in shares) | shares | 18 |
Options outstanding, weighted average remaining contractual life (Year) | 138 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 28.42 |
Options exercisable, number of shares (in shares) | shares | 18 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 28.42 |
Range 04 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 30.31 |
Range of exercise prices, maximum (in dollars per share) | $ 30.31 |
Options outstanding, number of shares (in shares) | shares | 26 |
Options outstanding, weighted average remaining contractual life (Year) | 1 year 127 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 30.31 |
Options exercisable, number of shares (in shares) | shares | 26 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 30.31 |
Range 05 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 40.57 |
Range of exercise prices, maximum (in dollars per share) | $ 40.57 |
Options outstanding, number of shares (in shares) | shares | 41 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years |
Options outstanding, weighted average exercise price (in dollars per share) | $ 40.57 |
Options exercisable, number of shares (in shares) | shares | 40 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 40.57 |
Range 06 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 40.72 |
Range of exercise prices, maximum (in dollars per share) | $ 40.72 |
Options outstanding, number of shares (in shares) | shares | 2 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 321 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 40.72 |
Options exercisable, number of shares (in shares) | shares | 1 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 40.72 |
Range 07 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 44.40 |
Range of exercise prices, maximum (in dollars per share) | $ 44.40 |
Options outstanding, number of shares (in shares) | shares | 52 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 83 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 44.40 |
Options exercisable, number of shares (in shares) | shares | 24 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 44.40 |
Range 08 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 45.50 |
Range of exercise prices, maximum (in dollars per share) | $ 45.50 |
Options outstanding, number of shares (in shares) | shares | 258 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 222 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 45.50 |
Options exercisable, number of shares (in shares) | shares | 200 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 45.50 |
Range 09 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 47.02 |
Range of exercise prices, maximum (in dollars per share) | $ 47.02 |
Options outstanding, number of shares (in shares) | shares | 58 |
Options outstanding, weighted average remaining contractual life (Year) | 9 years 18 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 47.02 |
Options exercisable, number of shares (in shares) | shares | |
Options exercisable, weighted average exercise price (in dollars per share) | |
Range 10 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 48.13 |
Range of exercise prices, maximum (in dollars per share) | $ 48.13 |
Options outstanding, number of shares (in shares) | shares | 3 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 259 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 48.13 |
Options exercisable, number of shares (in shares) | shares | 3 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 48.13 |
Note 13 - Employee Benefit Pl97
Note 13 - Employee Benefit Plans - Weighted-Average Fair Value Assumptions (Details) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Expected dividend yield | 1.96% | 2.06% |
Expected stock price volatility | 27.34% | 16.96% |
Risk-free interest rate | 2.01% | 2.17% |
Expected life of options (Year) | 7 years | 10 years |
Note 14 - Additional Cash Flo98
Note 14 - Additional Cash Flow Information - Additional Cash Flow Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Interest paid | $ 22,069 | $ 21,700 | $ 14,274 |
Income taxes paid | 39,824 | 20,127 | 18,832 |
Transfers of Loans Not Covered by FDIC Loss Share to Foreclosed Assets Held-for-sale [Member] | |||
Real Estate Owned, Transfer to Real Estate Owned | 17,213 | 16,456 | 5,145 |
Transfers of Loans Acquired Covered by FDIC Loss Share to Foreclosed Assets Covered by FDIC Loss Share [Member] | |||
Real Estate Owned, Transfer to Real Estate Owned | 4,349 | 5,536 | |
Transfers of Foreclosed Assets Covered by FDIC Loss Share to Foreclosed Assets Held for Sale [Member] | |||
Real Estate Owned, Transfer to Real Estate Owned | 13,895 | ||
Transfers of Loans Acquired Covered by FDIC Loss Share, to Loans Acquired not Covered by FDIC Loss Share [Member] | |||
Real Estate Owned, Transfer to Real Estate Owned | 88,922 | ||
Transfers of Premises Held-for-sale to Foreclosed Assets Held-for-sale [Member] | |||
Real Estate Owned, Transfer to Real Estate Owned | $ 652 | $ 6,126 |
Note 14 - Additional Cash Flo99
Note 14 - Additional Cash Flow Information - Company Acquired Assets and Assumed Liabilities Under Purchase Method (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Goodwill | $ 348,505 | $ 327,686 | |
Citizens, Liberty Community, First Metropolitan, Delta Trust Acquisitions, and Ozark [Member] | |||
Assets acquired | 585,500 | 2,996,228 | $ 417,386 |
Liabilities assumed | 530,695 | 2,680,140 | 378,967 |
Purchase price | 76,300 | 535,003 | 67,441 |
Goodwill | $ 21,495 | $ 218,915 | $ 29,022 |
Note 15 - Other Operating Ex100
Note 15 - Other Operating Expenses (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Equipment Expense | $ 16,683,000 | $ 14,352,000 | $ 9,325,000 |
Equipment Rentals [Member] | |||
Equipment Expense | 2,300,000 | 2,600,000 | 1,900,000 |
Leasing of ATMs [Member] | |||
Equipment Expense | 1,338,000 | 1,463,000 | 1,283,000 |
Occupancy Expense [Member] | |||
Operating Leases, Rent Expense | $ 4,643,000 | $ 4,216,000 | $ 3,706,000 |
Note 15 - Other Operating Ex101
Note 15 - Other Operating Expenses - Other Operating Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Professional services | $ 14,630 | $ 9,583 | $ 7,516 |
Postage | 4,599 | 4,219 | 3,383 |
Telephone | 4,294 | 4,817 | 2,957 |
Credit card expense | 11,328 | 9,157 | 8,699 |
Operating supplies | 1,824 | 2,395 | 1,964 |
Amortization of intangibles | 5,945 | 4,889 | 1,979 |
Branch right sizing expense | 3,600 | 3,297 | 4,721 |
Other expense | 27,293 | 26,338 | 17,803 |
Total | $ 73,513 | $ 64,695 | $ 49,022 |
Note 16 - Disclosures About 102
Note 16 - Disclosures About Fair Value of Financial Instruments (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Real Estate Acquired Through Foreclosure | $ 26,895,000 | $ 44,820,000 |
Impaired Financing Receivable, Related Allowance | 680,000 | 2,831,000 |
Collateral Dependent Loans [Member] | ||
Impaired Financing Receivable, Related Allowance | $ 2,384,000 | 1,136,000 |
Commercial and Residential Real Estate Collateral [Member] | Minimum [Member] | ||
Fair Value Percentage Of Collateral Discount | 10.00% | |
Commercial and Residential Real Estate Collateral [Member] | Maximum [Member] | ||
Fair Value Percentage Of Collateral Discount | 40.00% | |
Foreclosed Assets Not Covered By FDIC Loss Share [Member] | ||
Real Estate Acquired Through Foreclosure | $ 26,900,000 | $ 44,900,000 |
Special Mention Or Worse [Member] | ||
Collateral Dependent Loans Amount At Which All Loans Are Tested | $ 1,500,000 |
Note 16 - Disclosures About 103
Note 16 - Disclosures About Fair Value of Financial Instruments - Fair Value of Financial Assets Measure on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Available-for-sale securities | $ 1,157,354 | $ 821,407 |
Assets held in trading accounts | 41 | 4,422 |
Fair Value, Measurements, Recurring [Member] | ||
Assets held in trading accounts | 41 | 4,422 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets held in trading accounts | 2,409 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets held in trading accounts | 41 | 2,013 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets held in trading accounts | ||
US Treasury Securities [Member] | ||
Available-for-sale securities | 300 | 3,994 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 300 | 3,994 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | 300 | 3,994 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | ||
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale securities | ||
US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 137,771 | 120,237 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 137,771 | 120,237 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | ||
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | 137,771 | 120,237 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale securities | ||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Available-for-sale securities | 868,324 | 647,426 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 868,324 | 647,426 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | ||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | 868,324 | 647,426 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale securities | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 102,943 | 9,874 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 102,943 | 9,874 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | 102,943 | 9,874 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale securities | ||
Other Securities [Member] | ||
Available-for-sale securities | 48,016 | 39,876 |
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Other securities | 48,016 | 39,876 |
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Other securities | ||
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Other securities | 39,876 | 39,876 |
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Other securities |
Note 16 - Disclosures About 104
Note 16 - Disclosures About Fair Value of Financial Instruments - Fair Value of Financial Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | |
Impaired loans (1) (2) (collateral dependent) | [1],[2] | $ 17,154 | $ 19,027 |
Foreclosed Assets [Member] | |||
Foreclosed assets held for sale (1) | [2] | 17,806 | 14,459 |
Fair Value, Inputs, Level 1 [Member] | |||
Impaired loans (1) (2) (collateral dependent) | [1],[2] | ||
Fair Value, Inputs, Level 1 [Member] | Foreclosed Assets [Member] | |||
Foreclosed assets held for sale (1) | [2] | ||
Fair Value, Inputs, Level 2 [Member] | |||
Impaired loans (1) (2) (collateral dependent) | [1],[2] | ||
Fair Value, Inputs, Level 2 [Member] | Foreclosed Assets [Member] | |||
Foreclosed assets held for sale (1) | [2] | ||
Fair Value, Inputs, Level 3 [Member] | |||
Impaired loans (1) (2) (collateral dependent) | [1],[2] | 17,154 | 19,027 |
Fair Value, Inputs, Level 3 [Member] | Foreclosed Assets [Member] | |||
Foreclosed assets held for sale (1) | [2] | $ 17,806 | $ 14,459 |
[1] | Specific allocations of $2,384,000 and $1,136,000 were related to the impaired collateral dependent loans for which fair value re-measurements took place during the period, as of December 31, 2016 and 2015, respectively. | ||
[2] | These amounts represent the resulting carrying amounts on the Consolidated Balance Sheets for impaired collateral dependent loans and foreclosed assets held for sale for which fair value re-measurements took place during the period. |
Note 16 - Disclosures About 105
Note 16 - Disclosures About Fair Value of Financial Instruments - Estimated Fair Values and Related Carrying Amounts of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Held-to-maturity securities | $ 465,960 | $ 713,371 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 285,659 | 252,262 |
Interest bearing balances due from banks - time | 4,563 | 14,107 |
Held-to-maturity securities | 462,096 | 705,373 |
Mortgage loans held for sale | 27,788 | 30,265 |
Interest receivable | 27,788 | 25,793 |
Federal funds purchased and securities sold under agreements to repurchase | 115,029 | 99,398 |
Other borrowings | 273,159 | 162,289 |
Subordinated debentures | 60,397 | 60,570 |
Interest payable | 1,668 | 1,800 |
Reported Value Measurement [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Deposits | 1,491,676 | 1,280,234 |
Reported Value Measurement [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Deposits | 3,956,483 | 3,485,845 |
Reported Value Measurement [Member] | Time Deposits [Member] | ||
Deposits | 1,287,060 | 1,320,017 |
Reported Value Measurement [Member] | Legacy Loans [Member] | ||
Legacy loans (net of allowance) | 4,290,921 | 3,215,103 |
Reported Value Measurement [Member] | Acquired Loans [Member] | ||
Legacy loans (net of allowance) | 1,305,683 | 1,672,901 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 285,659 | 252,262 |
Interest bearing balances due from banks - time | 4,563 | 14,105 |
Held-to-maturity securities | 465,960 | 713,371 |
Mortgage loans held for sale | 27,788 | 30,265 |
Interest receivable | 27,788 | 25,793 |
Federal funds purchased and securities sold under agreements to repurchase | 115,029 | 99,398 |
Other borrowings | 292,367 | 168,254 |
Subordinated debentures | 55,318 | 55,954 |
Interest payable | 1,668 | 1,800 |
Estimate of Fair Value Measurement [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Deposits | 1,491,676 | 1,280,234 |
Estimate of Fair Value Measurement [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Deposits | 3,956,483 | 3,485,845 |
Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Deposits | 1,278,339 | 1,315,254 |
Estimate of Fair Value Measurement [Member] | Legacy Loans [Member] | ||
Legacy loans (net of allowance) | 4,305,165 | 3,204,153 |
Estimate of Fair Value Measurement [Member] | Acquired Loans [Member] | ||
Legacy loans (net of allowance) | 1,310,017 | 1,667,204 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 285,659 | 252,262 |
Interest bearing balances due from banks - time | ||
Held-to-maturity securities | ||
Mortgage loans held for sale | ||
Interest receivable | ||
Federal funds purchased and securities sold under agreements to repurchase | ||
Other borrowings | ||
Subordinated debentures | ||
Interest payable | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Time Deposits [Member] | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Legacy Loans [Member] | ||
Legacy loans (net of allowance) | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Acquired Loans [Member] | ||
Legacy loans (net of allowance) | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Interest bearing balances due from banks - time | 4,563 | 14,105 |
Held-to-maturity securities | 465,960 | 713,371 |
Mortgage loans held for sale | ||
Interest receivable | 27,788 | 25,793 |
Federal funds purchased and securities sold under agreements to repurchase | 115,029 | 99,398 |
Other borrowings | 292,367 | 168,254 |
Subordinated debentures | 55,318 | 55,954 |
Interest payable | 1,668 | 1,800 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Deposits | 1,491,676 | 1,280,234 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Deposits | 3,956,483 | 3,485,845 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Time Deposits [Member] | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Legacy Loans [Member] | ||
Legacy loans (net of allowance) | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Acquired Loans [Member] | ||
Legacy loans (net of allowance) | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Interest bearing balances due from banks - time | ||
Held-to-maturity securities | ||
Mortgage loans held for sale | 27,788 | 30,265 |
Interest receivable | ||
Federal funds purchased and securities sold under agreements to repurchase | ||
Other borrowings | ||
Subordinated debentures | ||
Interest payable | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Time Deposits [Member] | ||
Deposits | 1,278,339 | 1,315,254 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Legacy Loans [Member] | ||
Legacy loans (net of allowance) | 4,305,165 | 3,204,153 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Acquired Loans [Member] | ||
Legacy loans (net of allowance) | $ 1,310,017 | $ 1,667,204 |
Note 17 - Commitments and Cr106
Note 17 - Commitments and Credit Risk (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Letters of Credit Outstanding, Amount | $ 29,362,000 | $ 23,515,000 |
Standby Letters of Credit [Member] | ||
Deferred Revenue | $ 0 | 0 |
Minimum [Member] | ||
Letters of Credit Term | 270 days | |
Maximum [Member] | ||
Letters of Credit Term | 15 years | |
Maximum [Member] | Bonds Issued by a Single Municipality as a Percentage of the Investment Portfolio [Member] | ||
Concentration Risk, Percentage | 5.00% | |
Credit Card Commitments to Extend Credit [Member] | ||
Commitments and Contingencies | $ 562,527,000 | 497,961,000 |
Other Loan Commitments to Extend Credit [Member] | ||
Commitments and Contingencies | $ 1,220,137,000 | $ 805,673,000 |
Note 20 - Stockholder' Equit107
Note 20 - Stockholder' Equity (Details Textual) $ in Millions | Dec. 31, 2016USD ($) |
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval | $ 3.6 |
Note 20 - Stockholders' Equity
Note 20 - Stockholders' Equity - Company's Significant Subsidiaries (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Simmons First National Corporation [Member] | ||
Capital | $ 912,948 | $ 843,227 |
Capital to Risk Weighted Assets | 15.10% | 16.70% |
Capital Required for Capital Adequacy | $ 483,681 | $ 403,941 |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% |
Tier One Risk Based Capital | $ 872,707 | $ 808,159 |
Tier One Risk Based Capital to Risk Weighted Assets | 14.50% | 16.00% |
Tier One Risk Based Capital Required for Capital Adequacy | $ 361,120 | $ 303,060 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% |
Common Equity Tier 1 Capital | $ 812,310 | $ 716,737 |
Common Equity Tier 1 Capital to Average Assets | 13.50% | 14.20% |
Common Equity Tier 1 Capital Required for Capital Adequacy | $ 270,770 | $ 227,135 |
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% |
Tier One Leverage Capital | $ 872,707 | $ 808,159 |
Tier One Leverage Capital to Average Assets | 11.00% | 11.20% |
Tier One Leverage Capital Required for Capital Adequacy | $ 317,348 | $ 288,628 |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Simmons First National Bank [Member] | ||
Capital | $ 830,921 | $ 734,170 |
Capital to Risk Weighted Assets | 13.80% | 14.60% |
Capital Required for Capital Adequacy | $ 481,693 | $ 402,285 |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% |
Capital Required to be Well Capitalized | $ 602,117 | $ 502,856 |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% |
Tier One Risk Based Capital | $ 790,673 | $ 699,102 |
Tier One Risk Based Capital to Risk Weighted Assets | 13.20% | 13.90% |
Tier One Risk Based Capital Required for Capital Adequacy | $ 359,397 | $ 301,771 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% |
Tier One Risk Based Capital Required to be Well Capitalized | $ 479,196 | $ 402,361 |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% | 8.00% |
Common Equity Tier 1 Capital | $ 790,673 | $ 699,102 |
Common Equity Tier 1 Capital to Average Assets | 13.20% | 13.90% |
Common Equity Tier 1 Capital Required for Capital Adequacy | $ 269,548 | $ 226,328 |
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% |
Common Equity Tier 1 Capital Required to Be Well Capitalized | $ 389,347 | $ 326,918 |
Common Equity Tier 1 Capital Required to Be Well Capitalized to Average Assets | 6.50% | 6.50% |
Tier One Leverage Capital | $ 790,673 | $ 699,102 |
Tier One Leverage Capital to Average Assets | 10.00% | 9.70% |
Tier One Leverage Capital Required for Capital Adequacy | $ 316,269 | $ 288,289 |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalized | $ 395,337 | $ 360,362 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | 5.00% |
Note 21 - Condensed Financia109
Note 21 - Condensed Financial Information (Parent Company Only) - Condensed Balance Sheets (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Cash and cash equivalents | $ 285,659 | $ 252,262 | ||
Investment securities | 1,619,450 | 1,526,780 | ||
Loans | 5,596,604 | 4,888,004 | ||
Premises and equipment | 199,359 | 193,618 | ||
Other assets | 65,773 | 66,205 | ||
TOTAL ASSETS | 8,400,056 | 7,559,658 | ||
Long-term debt | 333,556 | |||
Total liabilities | 7,248,945 | 6,482,803 | ||
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 December 31, 2015 | 30,852 | |||
Common stock, Class A, $0.01 par value; 120,000,000 shares authorized; 31,277,723 and 30,278,432 shares issued and outstanding at December 31, 2016 and 2015, respectively | 313 | 303 | ||
Surplus | 711,976 | 662,378 | ||
Undivided profits | 454,034 | 385,987 | ||
Total stockholders’ equity | 1,151,111 | 1,076,855 | $ 494,319 | $ 403,832 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 8,400,056 | 7,559,658 | ||
Parent Company [Member] | ||||
Cash and cash equivalents | 93,266 | 119,383 | ||
Investment securities | 79 | 2,049 | ||
Investments in wholly-owned subsidiaries | 1,141,294 | 1,051,842 | ||
Loans | 1,083 | |||
Intangible assets, net | 133 | 133 | ||
Premises and equipment | 11,534 | 5,338 | ||
Other assets | 27,955 | 28,245 | ||
TOTAL ASSETS | 1,275,344 | 1,206,990 | ||
Long-term debt | 108,326 | 112,870 | ||
Other liabilities | 15,907 | 17,265 | ||
Total liabilities | 124,233 | 130,135 | ||
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 December 31, 2015 | 30,852 | |||
Common stock, Class A, $0.01 par value; 120,000,000 shares authorized; 31,277,723 and 30,278,432 shares issued and outstanding at December 31, 2016 and 2015, respectively | 313 | 303 | ||
Surplus | 711,976 | 662,378 | ||
Undivided profits | 454,034 | 385,987 | ||
Unrealized depreciation on available-for-sale securities, net of income taxes of ($9,818) and ($1,720) at December 31, 2016 and 2015 respectively | (15,212) | (2,665) | ||
Total stockholders’ equity | 1,151,111 | 1,076,855 | ||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 1,275,344 | $ 1,206,990 |
Note 21 - Condensed Financia110
Note 21 - Condensed Financial Information (Parent Company Only) - Condensed Balance Sheets (Details) (Parentheticals) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Parent Company [Member] | ||
Unrealized depreciation on available-for-sale securities, net of income taxes | $ (9,818) | $ (1,720) |
Note 21 - Condensed Financia111
Note 21 - Condensed Financial Information (Parent Company Only) - Condensed Statements of Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Provision for income taxes | $ 46,624 | $ 32,900 | $ 14,602 |
NET INCOME | 96,814 | 74,364 | 35,688 |
Preferred stock dividends | 24 | 257 | |
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | 96,790 | 74,107 | 35,688 |
Parent Company [Member] | |||
Dividends from subsidiaries | 83,710 | 84,128 | 43,366 |
Other income | 2,465 | 2,303 | 6,927 |
Income | 86,175 | 86,431 | 50,293 |
EXPENSE | 21,990 | 24,594 | 23,024 |
Income before income taxes and equity in undistributed net income of subsidiaries | 64,185 | 61,837 | 27,269 |
Provision for income taxes | (7,557) | (8,251) | (6,330) |
Income before equity in undistributed net income of subsidiaries | 71,742 | 70,088 | 33,599 |
Equity in undistributed net income of subsidiaries | 25,072 | 4,276 | 2,089 |
NET INCOME | 96,814 | 74,364 | 35,688 |
Preferred stock dividends | 24 | 257 | |
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | $ 96,790 | $ 74,107 | $ 35,688 |
Note 21 - Condensed Financia112
Note 21 - Condensed Financial Information (Parent Company Only) - Condensed Statements of Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
NET INCOME | $ 96,814 | $ 74,364 | $ 35,688 |
Equity in other comprehensive (loss) income of subsidiaries | (12,547) | (1,329) | 1,666 |
COMPREHENSIVE INCOME | 84,267 | 73,035 | 37,354 |
Parent Company [Member] | |||
NET INCOME | 96,814 | 74,364 | 35,688 |
Equity in other comprehensive (loss) income of subsidiaries | (12,547) | (1,329) | 1,666 |
COMPREHENSIVE INCOME | $ 84,267 | $ 73,035 | $ 37,354 |
Note 21 - Condensed Financia113
Note 21 - Condensed Financial Information (Parent Company Only) - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
NET INCOME | $ 96,814 | $ 74,364 | $ 35,688 |
Stock-based compensation expense | 3,418 | 4,018 | 1,423 |
Deferred income taxes | (9,832) | 13,599 | (9,029) |
Other assets | 1,578 | 5,453 | (17,313) |
Net cash provided by operating activities | 91,134 | 84,359 | 11,648 |
Net originations of loans not covered by FDIC loss share | (368,162) | (301,323) | (83,825) |
Proceeds from maturities of available-for-sale securities | 257,388 | 435,438 | 194,423 |
Net cash (used in) provided by investing activities | (250,949) | 134,713 | 12,214 |
Dividends paid on preferred stock | (24) | (257) | |
Dividends paid on common stock | (28,743) | (27,026) | (15,359) |
Redemption of preferred stock | (30,852) | ||
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | 33,397 | (83,647) | (203,471) |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 252,262 | 335,909 | 539,380 |
CASH AND CASH EQUIVALENTS, END OF YEAR | 285,659 | 252,262 | 335,909 |
Parent Company [Member] | |||
NET INCOME | 96,814 | 74,364 | 35,688 |
Stock-based compensation expense | 3,418 | 4,018 | 1,423 |
Depreciation and amortization | 700 | 317 | 139 |
Deferred income taxes | (2,526) | 1,287 | 1,338 |
Equity in undistributed net income of bank subsidiaries | (25,072) | (4,276) | (2,089) |
Other assets | 2,816 | (15,232) | (1,296) |
Other liabilities | (1,358) | 13,121 | (1,103) |
Net cash provided by operating activities | 74,792 | 73,599 | 34,100 |
Net originations of loans not covered by FDIC loss share | (1,710) | ||
Net purchases of premises and equipment | (6,896) | 56 | (5,435) |
Additional investment in subsidiary | 288 | ||
Proceeds from maturities of available-for-sale securities | 1,973 | ||
Purchases of available-for-sale securities | (3) | (354) | 1,504 |
Cash received (paid) in business combinations | (35,048) | 44,173 | (1,640) |
Net cash (used in) provided by investing activities | (41,684) | 43,875 | (5,283) |
(Repayment) issuance of long-term debt | (4,544) | 8,126 | (2,900) |
Issuance of common stock, net | 4,938 | 3,529 | 2,023 |
Dividends paid on preferred stock | (24) | (257) | |
Dividends paid on common stock | (28,743) | (27,026) | (15,359) |
Redemption of preferred stock | (30,852) | ||
Net cash used in financing activities | (59,225) | (15,628) | (16,236) |
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (26,117) | 101,846 | 12,581 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 119,383 | 17,537 | 4,956 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ 93,266 | $ 119,383 | $ 17,537 |