Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | Apr. 26, 2017 | |
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) | 31,390,446 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and non-interest bearing balances due from banks | $ 103,875 | $ 117,007 |
Interest bearing balances due from banks | 201,406 | 168,652 |
Cash and cash equivalents | 305,281 | 285,659 |
Interest bearing balances due from banks - time | 4,563 | 4,563 |
Held-to-maturity | 431,176 | 462,096 |
Available-for-sale | 1,257,813 | 1,157,354 |
Total investments | 1,688,989 | 1,619,450 |
Mortgage loans held for sale | 9,754 | 27,788 |
Assets held in trading accounts | 55 | 41 |
Loans: | ||
Legacy loans | 4,632,905 | 4,327,207 |
Allowance for loan losses | (37,865) | (36,286) |
Loans acquired, net of discount and allowance | 1,144,291 | 1,305,683 |
Net loans | 5,739,331 | 5,596,604 |
Premises and equipment | 221,880 | 199,359 |
Premises held for sale | 4,611 | 6,052 |
Foreclosed assets | 26,421 | 26,895 |
Interest receivable | 26,089 | 27,788 |
Bank owned life insurance | 139,439 | 138,620 |
Goodwill | 350,035 | 348,505 |
Other intangible assets | 51,408 | 52,959 |
Other assets | 58,782 | 65,773 |
Total assets | 8,626,638 | 8,400,056 |
Deposits: | ||
Non-interest bearing transaction accounts | 1,554,675 | 1,491,676 |
Interest bearing transaction accounts and savings deposits | 3,987,730 | 3,956,483 |
Time deposits | 1,245,883 | 1,287,060 |
Total deposits | 6,788,288 | 6,735,219 |
Federal funds purchased and securities sold under agreements to repurchase | 110,007 | 115,029 |
Other borrowings | 441,074 | 273,159 |
Subordinated debentures | 60,503 | 60,397 |
Accrued interest and other liabilities | 55,877 | 65,141 |
Total liabilities | 7,455,749 | 7,248,945 |
Stockholders’ equity: | ||
Common stock, Class A, $0.01 par value; 120,000,000 shares authorized; 31,388,357 and 31,277,723 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively | 314 | 313 |
Surplus | 716,564 | 711,976 |
Undivided profits | 468,309 | 454,034 |
Accumulated other comprehensive loss | (14,298) | (15,212) |
Total stockholders’ equity | 1,170,889 | 1,151,111 |
Total liabilities and stockholders’ equity | $ 8,626,638 | $ 8,400,056 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2017 | Dec. 31, 2016 |
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) | 31,388,357 | 31,277,723 |
Common stock Class A, shares outstanding (in shares) | 31,388,357 | 31,277,723 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
INTEREST INCOME | |||
Loans | $ 68,728,000 | $ 66,678,000 | |
Federal funds sold | 1,000 | 10,000 | |
Investment securities | 9,451,000 | 8,506,000 | |
Mortgage loans held for sale | 126,000 | 278,000 | |
Assets held in trading accounts | 6,000 | ||
Interest bearing balances due from banks | 121,000 | 144,000 | |
TOTAL INTEREST INCOME | 78,427,000 | 75,622,000 | |
INTEREST EXPENSE | |||
Deposits | 4,204,000 | 3,654,000 | |
Federal funds purchased and securities sold under agreements to repurchase | 75,000 | 65,000 | |
Other borrowings | 1,194,000 | 1,128,000 | |
Subordinated debentures | 574,000 | 543,000 | |
TOTAL INTEREST EXPENSE | 6,047,000 | 5,390,000 | |
NET INTEREST INCOME | 72,380,000 | 70,232,000 | |
Provision for loan losses | 4,307,000 | 2,823,000 | |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 68,073,000 | 67,409,000 | |
NON-INTEREST INCOME | |||
Trust income | 4,212,000 | 3,631,000 | |
Service charges on deposit accounts | 8,102,000 | 7,316,000 | |
Other service charges and fees | 2,197,000 | 2,867,000 | |
Mortgage and SBA lending income | 2,423,000 | 2,834,000 | |
Investment banking income | 690,000 | 687,000 | |
Debit and credit card fees | 7,934,000 | 7,200,000 | |
Bank owned life insurance income | 818,000 | 997,000 | |
Gain on sale of securities, net | 63,000 | 329,000 | |
Other income | 3,621,000 | 3,642,000 | |
TOTAL NON-INTEREST INCOME | 30,060,000 | 29,503,000 | |
NON-INTEREST EXPENSE | |||
Salaries and employee benefits | 35,536,000 | 34,773,000 | |
Occupancy expense, net | 4,663,000 | 4,471,000 | |
Furniture and equipment expense | 4,443,000 | 3,947,000 | |
Other real estate and foreclosure expense | 589,000 | 966,000 | |
Deposit insurance | 680,000 | 1,148,000 | |
Merger related costs | 524,000 | 93,000 | |
Other operating expenses | 19,887,000 | 16,391,000 | |
TOTAL NON-INTEREST EXPENSE | 66,322,000 | 61,789,000 | |
INCOME BEFORE INCOME TAXES | 31,811,000 | 35,123,000 | |
Provision for income taxes | 9,691,000 | 11,618,000 | |
NET INCOME | 22,120,000 | 23,505,000 | |
Preferred stock dividends | 24,000 | ||
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ 22,120,000 | $ 23,481,000 | |
BASIC EARNINGS PER SHARE (in dollars per share) | $ 0.71 | $ 0.77 | |
DILUTED EARNINGS PER SHARE (in dollars per share) | [1] | $ 0.70 | $ 0.77 |
[1] | Stock options to purchase 319,650 shares for the three months ended March 31, 2016, were not included in the diluted EPS calculation because the exercise price of those options exceeded the average market price. 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 three months ended March 31, 2017. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
NET INCOME | $ 22,120 | $ 23,505 |
OTHER COMPREHENSIVE INCOME | ||
Unrealized holding gains arising during the period on available-for-sale securities | 1,567 | 10,582 |
Less: Reclassification adjustment for realized gains included in net income | 63 | 329 |
Other comprehensive gain, before tax effect | 1,504 | 10,253 |
Less: Tax effect of other comprehensive (loss) income | 590 | 4,022 |
TOTAL OTHER COMPREHENSIVE INCOME | 914 | 6,231 |
COMPREHENSIVE INCOME | $ 23,034 | $ 29,736 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
OPERATING ACTIVITIES | ||
Net income | $ 22,120,000 | $ 23,505,000 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||
Depreciation and amortization | 4,953,000 | 4,087,000 |
Provision for loan losses | 4,307,000 | 2,823,000 |
Gain on sale of available-for-sale securities | (63,000) | (329,000) |
Net accretion of investment securities and assets | (6,766,000) | (10,991,000) |
Net amortization on borrowings | 106,000 | 101,000 |
Stock-based compensation expense | 2,329,000 | 706,000 |
Loss on sale of premises and equipment, net of impairment | 43,000 | |
(Gain) loss on sale of foreclosed assets held for sale | (326,000) | 93,000 |
Gain on sale of mortgage loans held for sale | (2,360,000) | (2,675,000) |
Deferred income taxes | 3,090,000 | 108,000 |
Increase in cash surrender value of bank owned life insurance | (818,000) | (997,000) |
Originations of mortgage loans held for sale | (88,870,000) | (122,123,000) |
Proceeds from sale of mortgage loans held for sale | 109,264,000 | 130,500,000 |
Changes in assets and liabilities: | ||
Interest receivable | 1,699,000 | 2,248,000 |
Assets held in trading accounts | (14,000) | (2,652,000) |
Other assets | 3,901,000 | (6,399,000) |
Accrued interest and other liabilities | (16,913,000) | (24,666,000) |
Income taxes payable | 6,123,000 | 1,546,000 |
Net cash provided by (used in) operating activities | 41,805,000 | (5,115,000) |
INVESTING ACTIVITIES | ||
Net originations of loans | (144,651,000) | (6,196,000) |
Decrease in due from banks - time | 2,919,000 | |
Purchases of premises and equipment, net | (25,924,000) | (2,782,000) |
Proceeds from sale of premises and equipment | 1,394,000 | |
Proceeds from sale of foreclosed assets held for sale | 2,844,000 | 5,675,000 |
Proceeds from sale of available-for-sale securities | 47,191,000 | |
Proceeds from maturities of available-for-sale securities | 26,373,000 | 18,681,000 |
Purchases of available-for-sale securities | (123,787,000) | (92,592,000) |
Proceeds from maturities of held-to-maturity securities | 32,051,000 | 36,961,000 |
Purchases of held-to-maturity securities | (860,000) | (6,162,000) |
Proceeds from bank owned life insurance death benefits | 1,876,000 | |
Net cash (used in) provided by investing activities | (232,560,000) | 5,571,000 |
FINANCING ACTIVITIES | ||
Net change in deposits | 53,069,000 | (6,321,000) |
Repayments of subordinated debentures | (594,000) | |
Dividends paid on preferred stock | (24,000) | |
Dividends paid on common stock | (7,845,000) | (7,203,000) |
Net change in other borrowed funds | 167,915,000 | 14,540,000 |
Net change in federal funds purchased and securities sold under agreements to repurchase | (5,022,000) | (1,969,000) |
Net shares issued under stock compensation plans | 2,260,000 | 2,766,000 |
Redemption of preferred stock | (30,852,000) | |
Net cash provided by (used in) financing activities | 210,377,000 | (29,657,000) |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 19,622,000 | (29,201,000) |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 285,659,000 | 252,262,000 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 305,281,000 | $ 223,061,000 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | 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, 2015 | $ 30,852 | $ 303 | $ 662,378 | $ (2,665) | $ 385,987 | $ 1,076,855 | |||
Comprehensive income | 6,231 | 23,505 | 29,736 | ||||||
Stock issued for employee stock purchase plan | 231 | 231 | |||||||
Stock-based compensation plans, net | 3,241 | 3,241 | |||||||
Preferred stock redeemed | (30,852) | (30,852) | |||||||
Dividends on preferred stock | (24) | (24) | |||||||
Dividends on common stock | (7,203) | (7,203) | |||||||
Balance at Mar. 31, 2016 | 303 | 665,850 | 3,566 | 402,265 | 1,071,984 | ||||
Comprehensive income | (18,778) | 73,309 | 54,531 | ||||||
Stock issued for employee stock purchase plan | 355 | 355 | |||||||
Stock-based compensation plans, net | 2 | 4,527 | 4,529 | ||||||
Balance at Dec. 31, 2016 | 313 | 711,976 | (15,212) | 454,034 | 1,151,111 | ||||
Stock issued for acquisition | $ 8 | $ 41,244 | $ 41,252 | ||||||
Cash dividends | (21,540) | (21,540) | |||||||
Comprehensive income | 914 | 22,120 | 23,034 | ||||||
Stock issued for employee stock purchase plan | 618 | 618 | |||||||
Stock-based compensation plans, net | 1 | 3,970 | 3,971 | ||||||
Dividends on common stock | (7,845) | (7,845) | |||||||
Balance at Mar. 31, 2017 | $ 314 | $ 716,564 | $ (14,298) | $ 468,309 | $ 1,170,889 |
Consolidated Statements of Sto8
Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
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) | 13,001 | 6,002 | 9,733 |
Common Stock [Member] | |||
Stock issued for compensation plans, shares (in shares) | 97,633 | 40,065 | 107,750 |
Retained Earnings [Member] | |||
Cash dividends, per share (in dollars per share) | $ 0.25 | $ 0.24 | $ 0.72 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1: The consolidated financial statements include the accounts of Simmons First National Corporation (the “Company”) and its subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation. In the opinion of management, all adjustments necessary for a fair presentation of the results of interim periods have been made. Certain gains and fees were reclassified within non-interest income categories in the 2016 2017 December 31, 2016, Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10 2016 Recently Issued Accounting Pronouncements ASU 2017 08 Premium Amortization on Purchased Callable Debt Securities 2017 08”). 2017 08 2017 08 December 15, 2018, 2017 08 March 31, 2017 ASU 2016 15 Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments 2016 15”). 2016 15 2016 15 December 15, 2017, ASU 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 ASU 2016 09 Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting 2016 09”). 2016 09 2016 09 2016 09 2016 09 December 15, 2016. $1.2 three March 31, 2017. ASU 2016 02 Leases 2016 02”). 2016 02 2016 02 December 15, 2018, March 31, 2017, ASU 2016 01 Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities 2016 01”). 2016 01 2016 01 December 15, 2017, ASU 2015 16 Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments 2015 16”). 2015 16 2015 16 2015 16 December 15, 2015 ASU 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; There have been no other significant changes to the Company’s accounting policies from the 2016 10 Acquisition Accounting, Acquired Loans The Company accounts for its acquisitions under ASC Topic 805, Business Combinations 820. The Company evaluates loans acquired, other than purchased impaired loans, 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, For further discussion of our acquisition and loan accounting, see Note 2, 5, Earnings Per Common Share (“EPS”) Basic EPS is computed by dividing reported net income available to common shareholders by weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common shareholders by the weighted average common shares and all potential dilutive common shares outstanding during the period. Following is the computation of earnings per common share for the three March 31, 2017 2016: (In thousands, except per share data) 2017 2016 Net income available to common shareholders $ 22,120 $ 23,481 Average common shares outstanding 31,351 30,326 Average potential dilutive common shares 262 156 Average diluted common shares 31,613 30,482 Basic earnings per share $ 0.71 $ 0.77 Diluted earnings per share (1) $ 0.70 $ 0.77 _________________________________ (1) Stock options to purchase 319,650 three March 31, 2016, three March 31, 2017. |
Note 2 - Acquisitions
Note 2 - Acquisitions | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | NOTE 2: 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 $23.0 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 1,530 5,088 Total liabilities assumed 530,648 1,577 532,225 Equity 54,556 (54,556 ) -- Total equity assumed 54,556 (54,556 ) -- Total liabilities and equity assumed $ 585,204 $ (52,979 ) $ 532,225 Net assets acquired 53,275 Purchase price 76,300 Goodwill $ 23,025 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 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 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 Other assets Deposits Securities sold under agreement to repurchase FHLB borrowings Accrued interest and other liabilities 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 April 28, 2017 May 4, 2017. May 15, 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 3 - Investment Securities
Note 3 - Investment Securities | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 3: The amortized cost and fair value of investment securities that are classified as held-to-maturity and available-for-sale are as follows: March 31, 2017 December 31, 2016 (In thousands) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Held-to-Maturity U.S. Government agencies $ 68,895 $ 77 $ (187 ) $ 68,785 $ 76,875 $ 107 $ (182 ) $ 76,800 Mortgage-backed securities 18,743 51 (230 ) 18,564 19,773 63 (249 ) 19,587 State and political subdivisions 341,854 5,388 (574 ) 346,668 362,532 4,967 (842 ) 366,657 Other securities 1,684 -- -- 1,684 2,916 -- -- 2,916 Total HTM $ 431,176 $ 5,516 $ (991 ) $ 435,701 $ 462,096 $ 5,137 $ (1,273 ) $ 465,960 Available-for-Sale U.S. Treasury $ -- $ -- $ -- $ -- $ 300 $ -- $ -- $ 300 U.S. Government agencies 144,364 117 (2,125 ) 142,356 140,005 67 (2,301 ) 137,771 Mortgage-backed securities 943,925 187 (16,835 ) 927,277 885,783 178 (17,637 ) 868,324 State and political subdivisions 135,538 381 (5,172 ) 130,747 108,374 38 (5,469 ) 102,943 Other securities 56,207 1,227 (1 ) 57,433 47,022 996 (2 ) 48,016 Total AFS $ 1,280,034 $ 1,912 $ (24,133 ) $ 1,257,813 $ 1,181,484 $ 1,279 $ (25,409 ) $ 1,157,354 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 March 31, 2017, $1.2 71.6% 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 March 31, 2017: Less Than 12 Months 12 Months or More Total (In thousands) Estimated Gross Estimated Gross Estimated Gross Held-to-Maturity U.S. Government agencies $ 32,864 $ (136 ) $ 19,948 $ (51 ) $ 52,812 $ (187 ) Mortgage-backed securities 11,209 (191 ) 1,361 (39 ) 12,570 (230 ) State and political subdivisions 44,857 (573 ) 195 (1 ) 45,052 (574 ) Total HTM $ 88,930 $ (900 ) $ 21,504 $ (91 ) $ 110,434 $ (991 ) Available-for-Sale U.S. Government agencies $ 128,270 $ (2,125 ) $ -- $ -- $ 128,270 $ (2,125 ) Mortgage-backed securities 866,277 (16,748 ) 9,776 (87 ) 876,053 (16,835 ) State and political subdivisions 94,613 (5,172 ) -- -- 94,613 (5,172 ) Other securities 99 (1 ) -- -- 99 (1 ) Total AFS $ 1,089,259 $ (24,046 ) $ 9,776 $ (87 ) $ 1,099,035 $ (24,133 ) 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 March 31, 2017, March 31, 2017, Income earned on securities for the three March 31, 2017 2016, (In thousands) 2017 2016 Taxable: Held-to-maturity $ 661 $ 876 Available-for-sale 5,816 4,434 Non-taxable: Held-to-maturity 2,283 3,146 Available-for-sale 691 50 Total $ 9,451 $ 8,506 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 One year or less $ 44,557 $ 44,538 $ 1,469 $ 1,469 After one through five years 117,375 117,821 101,508 100,443 After five through ten years 101,468 102,403 12,742 12,691 After ten years 149,033 152,375 165,283 159,598 Securities not due on a single maturity date 18,743 18,564 943,925 927,277 Other securities (no maturity) -- -- 55,107 56,335 Total $ 431,176 $ 435,701 $ 1,280,034 $ 1,257,813 The carrying value, which approximates the fair value, of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $971.5 March 31, 2017 $915.2 December 31, 2016. There were $63,000 no three March 31, 2017. $329,000 no three March 31, 2016. The state and political subdivision debt obligations are primarily non-rated bonds 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 | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 4: At March 31, 2017, $5.777 $5.633 December 31, 2016. (In thousands) March 31, December 31, Consumer: Credit cards $ 171,947 $ 184,591 Other consumer 349,200 303,972 Total consumer 521,147 488,563 Real Estate: Construction 365,051 336,759 Single family residential 957,717 904,245 Other commercial 1,959,677 1,787,075 Total real estate 3,282,445 3,028,079 Commercial: Commercial 657,606 639,525 Agricultural 141,125 150,378 Total commercial 798,731 789,903 Other 30,582 20,662 Loans 4,632,905 4,327,207 Loans acquired, net of discount and allowance (1) 1,144,291 1,305,683 Total loans $ 5,777,196 $ 5,632,890 _________________________________ (1) See Note 5, Loan Origination/Risk Management may five Consumer Real estate tension tend one Commercial one three Nonaccrual and Past Due Loans may may Nonaccrual loans, excluding loans acquired, segregated by class of loans, are as follows: (In thousands) March 31, December 31, Consumer: Credit cards $ 230 $ 373 Other consumer 2,415 1,793 Total consumer 2,645 2,166 Real estate: Construction 2,735 3,411 Single family residential 12,676 12,139 Other commercial 22,627 12,385 Total real estate 38,038 27,935 Commercial: Commercial 9,992 7,765 Agricultural 2,238 1,238 Total commercial 12,230 9,003 Total $ 52,913 $ 39,104 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 March 31, 2017 Consumer: Credit cards $ 814 $ 420 $ 1,234 $ 170,713 $ 171,947 $ 190 Other consumer 3,157 1,347 4,504 344,696 349,200 -- Total consumer 3,971 1,767 5,738 515,409 521,147 190 Real estate: Construction 844 1,452 2,296 362,755 365,051 -- Single family residential 6,650 6,538 13,188 944,529 957,717 41 Other commercial 5,275 7,428 12,703 1,946,974 1,959,677 -- Total real estate 12,769 15,418 28,187 3,254,258 3,282,445 41 Commercial: Commercial 4,496 6,698 11,194 646,412 657,606 -- Agricultural 594 1,138 1,732 139,393 141,125 -- Total commercial 5,090 7,836 12,926 785,805 798,731 -- Other -- -- -- 30,582 30,582 -- Total $ 21,830 $ 25,021 $ 46,851 $ 4,586,054 $ 4,632,905 $ 231 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 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. 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 March 31, 2017 Three Months Ended Consumer: Credit cards $ 230 $ 230 $ -- $ 230 $ -- $ 302 $ 5 Other consumer 2,507 2,412 3 2,415 1 2,107 13 Total consumer 2,737 2,642 3 2,645 1 2,409 18 Real estate: Construction 2,943 1,697 1,038 2,735 156 3,074 20 Single family residential 13,654 11,544 1,407 12,951 152 12,667 81 Other commercial 25,623 7,852 16,584 24,436 529 19,321 123 Total real estate 42,220 21,093 19,029 40,122 837 35,062 224 Commercial: Commercial 13,848 4,226 8,154 12,380 708 11,344 72 Agricultural 3,356 2,238 -- 2,238 -- 1,726 11 Total commercial 17,204 6,464 8,154 14,618 708 13,070 83 Total $ 62,161 $ 30,199 $ 27,186 $ 57,385 $ 1,546 $ 50,541 $ 325 December 31, 2016 Three Months Ended Consumer: Credit cards $ 373 $ 373 $ -- $ 373 $ -- $ 240 $ 10 Other consumer 1,836 1,797 3 1,800 1 441 6 Total consumer 2,209 2,170 3 2,173 1 681 16 Real estate: Construction 4,275 1,038 2,374 3,412 156 4,910 65 Single family residential 12,970 10,630 1,753 12,383 162 6,628 88 Other commercial 20,993 6,891 7,315 14,206 99 11,245 149 Total real estate 38,238 18,559 11,442 30,001 417 22,783 302 Commercial: Commercial 11,848 2,734 7,573 10,307 262 2,110 28 Agricultural 2,226 1,215 -- 1,215 -- 403 5 Total commercial 14,074 3,949 7,573 11,522 262 2,513 33 Total $ 54,521 $ 24,678 $ 19,018 $ 43,696 $ 680 $ 25,977 $ 351 At March 31, 2017, December 31, 2016, $57.4 $43.7 $1.5 $680,000 March 31, 2017 December 31, 2016, $325,000 $50.5 three March 31, 2017. three March 31, 2017 2016 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 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 March 31, 2017 Consumer: Other consumer -- $ -- 1 $ 3 1 $ 3 Total consumer -- -- 1 3 1 3 Real estate: Construction -- -- 1 456 1 456 Single-family residential 3 166 26 1,691 29 1,857 Other commercial 23 8,894 4 8,115 27 17,009 Total real estate 26 9,060 31 10,262 57 19,322 Commercial: Commercial 15 1,773 10 1,055 25 2,828 Total commercial 15 1,773 10 1,055 25 2,828 Total 41 $ 10,833 42 $ 11,320 83 $ 22,153 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 The following table presents loans that were restructured as TDRs during the three March 31, 2017 2016, Modification Type (Dollars in thousands) Number of Balance Prior Balance at Change in Change in Financial Impact Three Months Ended March 31, 2017 Real estate: Commercial 1 $ 456 $ 456 $ 456 $ -- $ -- Single-family residential Other commercial 2 7,362 7,362 7,362 -- 33 Total real estate 3 7,818 7,818 7,818 -- 33 Commercial: Commercial 5 $ 770 $ 760 $ 760 $ -- $ -- Total commercial 5 770 760 760 -- -- Total 8 $ 8,588 $ 8,578 $ 8,578 $ -- $ 33 Three Months Ended March 31, 2016 Real estate: Single-family residential 2 $ 178 $ 178 $ 178 $ -- $ -- Other commercial 24 8,614 8,567 8,567 Total real estate 26 8,792 8,745 8,745 -- -- Commercial: Commercial 2 $ 173 $ 172 $ 172 $ -- $ -- Total commercial 2 173 172 172 -- -- Total 28 $ 8,965 $ 8,917 $ 8,917 $ -- $ -- During the three March 31, 2017, 8 $8.6 12 $26,000 $33,000 During the three March 31, 2016, 28 $9.0 12 $293,000 There was one three March 31, 2017. three March 31, 2016, 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 $242,300 $166,500 March 31, 2017 2016, March 31, 2017 December 31, 2016, $2,117,000 $1,714,000, March 31, 2017 December 31, 2016, $4,492,000 $5,094,000, 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 · 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 $8.7 $17.8 310 30 6) March 31, 2017 December 31, 2016, 310 20, $44.8 $47.8 6, 7 8 March 31, 2017 December 31, 2016, Purchased credit impaired loans are loans that showed evidence of deterioration of credit quality since origination and for which it is probable, at acquisition, that the Company will be unable to collect all amounts contractually owed. Their fair value was initially based on the estimate of cash flows, both principal and interest, expected to be collected or estimated collateral values if cash flows are not estimable, discounted at prevailing market rates of interest. The difference between the undiscounted cash flows expected at acquisition and the fair value at acquisition is recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition are not recognized as a yield adjustment. Increases in expected cash flows subsequent to the initial investment are recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows are recognized as impairment. Classified loans for the Company include loans in Risk Ratings 6, 7 8. may one (1) 6 8 (2) 310 30, $170.2 $166.0 March 31, 2017 December 31, 2016, The following table presents a summary of loans by credit risk rating as of March 31, 2017 December 31, 2016, 310 30 1 4 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total March 31, 2017 Consumer: Credit cards $ 171,527 $ -- $ 420 $ -- $ -- $ 171,947 Other consumer 346,475 24 2,701 -- -- 349,200 Total consumer 518,002 24 3,121 -- -- 521,147 Real estate: Construction 359,141 147 5,747 16 -- 365,051 Single family residential 927,522 3,816 26,224 155 -- 957,717 Other commercial 1,897,018 7,456 55,203 -- -- 1,959,677 Total real estate 3,183,681 11,419 87,174 171 -- 3,282,445 Commercial: Commercial 633,310 1,175 23,116 5 -- 657,606 Agricultural 137,869 103 3,130 23 -- 141,125 Total commercial 771,179 1,278 26,246 28 -- 798,731 Other 30,582 -- -- -- -- 30,582 Loans acquired 1,064,735 26,098 51,946 1,512 -- 1,144,291 Total $ 5,568,179 $ 38,819 $ 168,487 $ 1,711 $ -- $ 5,777,196 (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 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 The following table details activity in the allowance for loan losses by portfolio segment for the three March 31, 2017. one (In thousands) Commercial Real Credit Other Total Three Months Ended March 31, 2017 Balance, beginning of period $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 Provision for loan losses (1) 696 860 758 1,243 3,557 Charge-offs (292 ) (656 ) (1,044 ) (1,174 ) (3,166 ) Recoveries 30 232 236 690 1,188 Net charge-offs (262 ) (424 ) (808 ) (484 ) (1,978 ) Balance, March 31, 2017 (2) $ 8,173 $ 22,253 $ 3,729 $ 3,710 $ 37,865 Period-end amount allocated to: Loans individually evaluated for impairment $ 708 $ 837 $ -- $ 1 $ 1,546 Loans collectively evaluated for impairment 7,465 21,416 3,729 3,709 36,319 Balance, March 31, 2017 (2) $ 8,173 $ 22,253 $ 3,729 $ 3,710 $ 37,865 Activity in the allowance for loan losses for the three March 31, 2016 (In thousands) Commercial Real Credit Other Total Three Months Ended March 31, 2016 Balance, beginning of period $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Provision for loan losses 1,567 520 481 255 2,823 Charge-offs (476 ) (229 ) (859 ) (393 ) (1,957 ) Recoveries 7 112 242 103 464 Net charge-offs (469 ) (117 ) (617 ) (290 ) (1,493 ) Balance, March 31, 2016 (2) $ 7,083 $ 19,925 $ 3,757 $ 1,916 $ 32,681 Period-end amount allocated to: Loans individually evaluated for impairment $ 101 $ 2,811 $ -- $ 11 $ 2,923 Loans collectively evaluated for impairment 6,982 17,114 3,757 1,905 29,758 Balance, March 31, 2016 (2) $ 7,083 $ 19,925 $ 3,757 $ 1,916 $ 32,681 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, December 31, 2016 (2) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 (1) Provision for loan losses of $750,000 three March 31, 2017 three March 31, 2017 $4,307,000). $1.3 three March 31, 2017, $435,000. three March 31, 2016. (2) Allowance for loan losses at March 31, 2017 $435,000 December 31, 2016 March 31, 2016 $954,000, March 31, 2017 $38,300,000 December 31, 2016 March 31, 2016 $37,240,000 $33,635,000, The Company’s recorded investment in loans, excluding loans acquired, related to each balance in the allowance for loan losses by portfolio segment on the basis of the Company’s impairment methodology was as follows: (In thousands) Commercial Real Credit Other Total March 31, 2017 Loans individually evaluated for impairment $ 14,618 $ 40,122 $ 230 $ 2,415 $ 57,385 Loans collectively evaluated for impairment 784,113 3,242,323 171,717 377,367 4,575,520 Balance, end of period $ 798,731 $ 3,282,445 $ 171,947 $ 379,782 $ 4,632,905 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 |
Note 5 - Loans Acquired
Note 5 - Loans Acquired | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Loans Acquired [Text Block] | NOTE 5: 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 See Note 2, The following table reflects the carrying value of all acquired loans as of March 31, 2017 December 31, 2016: Loans Acquired (in thousands) March 31, December 31, Consumer: Other consumer $ 39,497 $ 49,677 Total consumer 39,497 49,677 Real estate: Construction 47,894 57,587 Single family residential 379,987 423,176 Other commercial 599,506 690,108 Total real estate 1,027,387 1,170,871 Commercial: Commercial 74,851 81,837 Agricultural 2,556 3,298 Total commercial 77,407 85,135 Total loans acquired (1) $ 1,144,291 $ 1,305,683 _________________________________ (1) Loans acquired are reported net of a $435,000 $954,000 March 31, 2017 December 31, 2016, Nonaccrual acquired loans, excluding purchased credit impaired loans accounted for under ASC Topic 310 30, 4, (In thousands) March 31, December 31, Consumer: Other consumer $ 261 $ 456 Total consumer 261 456 Real estate: Construction 2,084 7,961 Single family residential 12,966 13,366 Other commercial 13,653 22,045 Total real estate 28,703 43,372 Commercial: Commercial 2,169 2,806 Agricultural 198 198 Total commercial 2,367 3,004 Total $ 31,331 $ 46,832 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 March 31, 2017 Consumer: Other consumer $ 486 $ 6,741 $ 7,227 $ 32,270 $ 39,497 $ -- Total consumer 486 6,741 7,227 32,270 39,497 -- Real estate: Construction 305 1,459 1,764 46,130 47,894 -- Single family residential 4,748 15,352 20,100 359,887 379,987 -- Other commercial 716 9,206 9,922 589,584 599,506 -- Total real estate 5,769 26,017 31,786 995,601 1,027,387 -- Commercial: Commercial 717 1,661 2,378 72,473 74,851 -- Agricultural 22 8 30 2,526 2,556 -- Total commercial 739 1,669 2,408 74,999 77,407 -- Total $ 6,994 $ 34,427 $ 41,421 $ 1,102,870 $ 1,144,291 $ -- 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 The following table presents a summary of acquired loans by credit risk rating, segregated by class of loans (see Note 4, 310 30 1 4 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total March 31, 2017 Consumer: Other consumer $ 39,077 $ 12 $ 408 $ -- $ -- $ 39,497 Total consumer 39,077 12 408 -- -- 39,497 Real estate: Construction 43,176 1,783 2,935 -- -- 47,894 Single family residential 357,709 2,045 18,721 1,512 -- 379,987 Other commercial 559,201 16,997 23,308 -- -- 599,506 Total real estate 960,086 20,825 44,964 1,512 -- 1,027,387 Commercial: Commercial 63,303 5,228 6,320 -- -- 74,851 Agricultural 2,269 33 254 -- -- 2,556 Total commercial 65,572 5,261 6,574 -- -- 77,407 Total $ 1,064,735 $ 26,098 $ 51,946 $ 1,512 $ -- $ 1,144,291 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 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 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 The impact of the adjustments on the Company’s financial results for the three March 31, 2017 2016 Three Months Ended (In thousands) 2017 2016 Impact on net interest income and pre-tax income $ 1,184 $ 1,095 Impact, net of taxes $ 720 $ 665 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 three March 31, 2017 2016. Three Months Ended Three Months Ended (In thousands) Accretable Carrying Accretable Carrying Beginning balance $ 1,655 $ 17,802 $ 954 $ 23,469 Additions -- -- -- -- Accretable yield adjustments 1,228 -- 2,432 -- Accretion (1,666 ) 1,666 (1,352 ) 1,352 Payments and other reductions, net -- (10,773 ) -- (3,562 ) Balance, ending $ 1,217 $ 8,695 $ 2,034 $ 21,259 Purchased impaired loans are evaluated on an individual borrower basis. Because some loans evaluated by the Company were determined to have experienced impairment in the estimated credit quality or cash flows the Company recorded a provision and established an allowance for loan loss for acquired loans resulting in a total allowance on acquired loans of $435,000 March 31, 2017 $954,000 December 31, 2016. three March 31, 2017 $750,000. no three March 31, 2016. |
Note 6 - Goodwill and Other Int
Note 6 - Goodwill and Other Intangible Assets | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 6: 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 $350.0 March 31, 2017 $348.5 December 31, 2016. The company recorded $23.0 2016 three March 31, 2017 December 31, 2016. Core deposit premiums are amortized over a ten $5.1 fourth 2016 Intangible assets are being amortized over various periods ranging from 10 15 $591,000 fourth 2016 The Company’s goodwill and other intangibles (carrying basis and accumulated amortization) at March 31, 2017 December 31, 2016, (In thousands) March 31, December 31, Goodwill $ 350,035 $ 348,505 Core deposit premiums: Gross carrying amount 48,692 48,692 Accumulated amortization (11,791 ) (10,625 ) Core deposit premiums, net 36,901 38,067 Purchased credit card relationships: Gross carrying amount 2,068 2,068 Accumulated amortization (1,448 ) (1,344 ) Purchased credit card relationships, net 620 724 Books of business intangible: Gross carrying amount 15,884 15,884 Accumulated amortization (1,997 ) (1,716 ) Books of business intangible, net 13,887 14,168 Other intangible assets, net 51,408 52,959 Total goodwill and other intangible assets $ 401,443 $ 401,464 The Company’s estimated remaining amortization expense on intangibles as of March 31, 2017 (In thousands) Year Amortization Remainder of 2017 $ 4,652 2018 6,099 2019 5,789 2020 5,776 2021 5,715 Thereafter 23,377 Total $ 51,408 |
Note 7 - Time Deposits
Note 7 - Time Deposits | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 7: Time deposits include approximately $592,345,000 $600,280,000 $100,000 March 31, 2017, December 31, 2016, $214,130,000 $193,596,000 $250,000 March 31, 2017 December 31, 2016, |
Note 8 - Income Taxes
Note 8 - Income Taxes | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 8: The provision for income taxes is comprised of the following components: (In thousands) March 31, March 31, Income taxes currently payable $ 6,601 $ 11,510 Deferred income taxes 3,090 108 Provision for income taxes $ 9,691 $ 11,618 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 appropriate tax effects, are as follows: (In thousands) March 31, December 31, Deferred tax assets: Loans acquired $ 6,021 $ 7,986 Allowance for loan losses 15,175 14,754 Valuation of foreclosed assets 3,958 3,958 Tax NOLs from acquisition 12,970 13,077 Deferred compensation payable 2,782 2,785 Vacation compensation 1,883 1,740 Accrued equity and other compensation 4,654 6,367 Acquired securities 1,098 1,098 Other accrued liabilities 1,834 1,834 Unrealized loss on available-for-sale securities 8,890 9,559 Other 5,201 5,267 Gross deferred tax assets 64,466 68,425 Deferred tax liabilities: Goodwill and other intangible amortization (29,382 ) (29,601 ) Accumulated depreciation (5,370 ) (5,370 ) Other (5,895 ) (5,877 ) Gross deferred tax liabilities (40,647 ) (40,848 ) Net deferred tax asset, included in other assets $ 23,819 $ 27,577 A reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense is shown below: (In thousands) March 31, March 31, Computed at the statutory rate (35%) $ 11,134 $ 12,293 Increase (decrease) in taxes resulting from: State income taxes, net of federal tax benefit 539 641 Discrete items related to ASU 2016-09 (1,082 ) -- Tax exempt interest income (1,071 ) (1,135 ) Tax exempt earnings on BOLI (218 ) (296 ) Federal tax credits -- (26 ) Other differences, net 389 141 Actual tax provision $ 9,691 $ 11,618 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 | 3 Months Ended |
Mar. 31, 2017 | |
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 $98.0 $102.4 March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016 Remaining Contractual Maturity of the Agreements (In thousands) Overnight and Up to 30 Days 30-90 Days Greater than Total March 31, 2017 Repurchase agreements: U.S. Government agencies $ 97,982 $ -- $ -- $ -- $ 97,982 December 31, 2016 Repurchase agreements: U.S. Government agencies $ 101,647 $ -- $ -- $ 757 $ 102,404 |
Note 10 - Other Borrowings and
Note 10 - Other Borrowings and Subordinated Debentures | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 10: Debt at March 31, 2017 December 31, 2016 (In thousands) March 31, December 31, Other Borrowings FHLB advances, net of discount, due 2017 to 2033, 0.65% to 7.37% secured by residential real estate loans $ 394,261 $ 225,230 Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured 46,813 47,929 Total other borrowings 441,074 273,159 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 9,251 9,225 Trust preferred securities, net of discount, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly 10,168 10,130 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 5,160 5,161 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 5,116 5,105 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 10,188 10,156 Total subordinated debentures 60,503 60,397 Total other borrowings and subordinated debentures $ 501,577 $ 333,556 At March 31, 2017, $355.0 one The Company had total FHLB advances of $394.3 March 31, 2017, $1.4 $1.9 March 31, 2017. The trust preferred securities are tax-advantaged issues that qualify for Tier 1 Aggregate annual maturities of long-term debt at March 31, 2017, (In thousands) Year Annual 2017 $ 6,762 2018 23,941 2019 7,670 2020 36,424 2021 2,333 Thereafter 69,447 Total $ 146,577 |
Note 11 - Contingent Liabilitie
Note 11 - Contingent Liabilities | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 11: The Company and/or its subsidiaries have various unrelated legal proceedings, most of which involve loan foreclosure activity pending, which, in the aggregate, are not expected to have a material adverse effect on the financial position of the Company and its subsidiaries. |
Note 12 - Common Stock
Note 12 - Common Stock | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Capital Stock Disclosure [Text Block] | NOTE 12: On July 23, 2012, 850,000 5% may On March 4, 2014 June 18, 2014 1 $300 |
Note 13 - Undivided Profits
Note 13 - Undivided Profits | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Restrictions on Dividends, Loans and Advances [Text Block] | NOTE 13: 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. The approval of the Commissioner of the Arkansas State Bank Department is required, if the total of all dividends declared by an Arkansas state bank in any calendar year exceeds seventy five (75%) seventy five (75%) March 31, 2017, $1.3 The risk-based capital guidelines of the Federal Reserve Board and the Arkansas State Bank Department include the definitions for (1) (2) (3) January 1, 2015, 5% 8% 1 10% 6.50% 1 (CET1)” The Company and Bank must hold a capital conservation buffer composed of CET1 January 1, 2016, 0.625% four January 1 2.5% January 1, 2019). March 31, 2017, CET1 12.81% March 31, 2017. |
Note 14 - Stock Based Compensat
Note 14 - Stock Based Compensation | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 14: The Company’s Board of Directors has adopted various stock compensation plans. The plans provide for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock units, and performance stock units. Pursuant to the plans, shares are reserved for future issuance by the Company upon the exercise of stock options or awarding of bonus shares granted to directors, officers and other key employees. The table below summarizes the transactions under the Company's active stock compensation plans for the three March 31, 2017: Stock Options Stock Awards Stock Units Number Weighted Number Weighted Number Weighted Balance, January 1, 2017 473 42.85 139 40.96 113 45.40 Granted -- -- -- -- 156 59.18 Stock Options Exercised (22 ) 36.63 -- -- -- -- Stock Awards/Units Vested -- -- (24 ) 33.89 (102 ) 52.53 Forfeited/Expired (3 ) 45.50 (6 ) 45.19 (4 ) 50.94 Balance, March 31, 2017 448 $ 43.15 109 $ 42.32 163 $ 54.01 Exercisable, March 31, 2017 338 $ 42.44 The following table summarizes information about stock options under the plans outstanding at March 31, 2017: Options Outstanding Options Exercisable Range of Exercise Prices Number of Shares Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price $17.55 - $21.29 11,350 4.44 $ 20.05 9,050 $ 19.84 21.51 - 21.51 2,000 2.80 21.51 2,000 21.51 28.42 - 28.42 12,200 0.16 28.42 12,200 28.42 30.31 - 30.31 22,580 1.13 30.31 22,580 30.31 40.57 - 40.57 40,490 7.75 40.57 40,490 40.57 40.72 - 40.72 1,500 7.63 40.72 600 40.72 44.40 - 44.40 49,870 7.98 44.40 37,144 44.40 45.50 - 45.50 246,485 8.36 45.50 190,907 45.50 47.02 - 47.02 58,090 8.50 47.02 20,838 47.02 48.13 - 48.13 3,305 8.46 48.13 2,645 48.13 $17.55 - $48.13 447,870 7.57 $ 43.15 338,454 $ 42.44 Total stock-based compensation expense was $2,599,000 $1,215,000 three March 31, 2017 2016, $537,000 March 31, 2017. $14,005,000 March 31, 2017. 2.5 The intrinsic value of stock options outstanding and stock options exercisable at March 31, 2017 $5,375,000 $4,302,000. $55.15 March 31, 2017, three March 31, 2017 March 31, 2016, $414,000 $220,000, 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. There were no stock options granted during the three March 31, 2017. three March 31, 2016 $11.64 Three Months Ended Expected dividend yield 1.96 % Expected stock price volatility 27.34 % Risk-free interest rate 2.01 % Expected life of options (years) 7 |
Note 15 - Additional Cash Flow
Note 15 - Additional Cash Flow Information | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | NOTE 15: The following is a summary of the Company’s additional cash flow information during the three Three Months Ended (In thousands) 2017 2016 Interest paid $ 6,160 $ 5,326 Income taxes paid 23 5,991 Transfers of loans to foreclosed assets held for sale 2,044 2,074 Transfers of premises and equipment to premises held for sale -- 1,441 |
Note 16 - Other Operating Expen
Note 16 - Other Operating Expenses | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Other Income and Other Expense Disclosure [Text Block] | NOTE 16: Other operating expenses consist of the following: Three Months Ended (In thousands) 2017 2016 Professional services $ 5,169 $ 3,501 Postage 1,131 1,235 Telephone 1,078 1,060 Credit card expense 2,837 2,830 Marketing 1,364 973 Operating supplies 355 358 Amortization of intangibles 1,550 1,455 Branch right sizing expense 118 14 Other expense 6,285 4,965 Total other operating expenses $ 19,887 $ 16,391 |
Note 17 - Certain Transactions
Note 17 - Certain Transactions | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 17: From time to time the Company and its subsidiaries have made loans and other extensions of credit to directors, officers, their associates and members of their immediate families. From time to time directors, officers and their associates and members of their immediate families have placed deposits with the Company’s subsidiary, Simmons Bank. Such loans, other extensions of credit and deposits were made in the ordinary course of business, on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons not related to the lender and did not involve more than normal risk of collectability or present other unfavorable features. |
Note 18 - Commitments and Credi
Note 18 - Commitments and Credit Risk | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | NOTE 18: The Company grants agri-business, commercial and residential loans to customers throughout Arkansas, Kansas, Missouri and Tennessee, along with credit card loans to customers throughout the United States. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may may may At March 31, 2017, $571,118,000 $1,740,541,000 December 31, 2016, $562,527,000 $1,220,137,000 Standby letters of credit are conditional commitments issued by the Company, to guarantee the performance of a customer to a third $28,775,000 $29,362,000 March 31, 2017, December 31, 2016, 9 15 March 31, 2017 December 31, 2016, no |
Note 19 - Preferred Stock
Note 19 - Preferred Stock | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Preferred Stock [Text Block] | NOTE 19: On February 27, 2015, 30,852 1 1% February 18, 2016, 9%. January 29, 2016, |
Note 20 - Fair Value Measuremen
Note 20 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 20: 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 2 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 March 31, 2017 December 31, 2016. Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant March 31, 2017 ASSETS Available-for-sale securities U.S. Government agencies $ 142,356 $ -- $ 142,356 $ -- Mortgage-backed securities 927,277 -- 927,277 -- State and political subdivisions 130,747 -- 130,747 -- Other securities 57,433 -- 57,433 -- Assets held in trading accounts 55 -- 55 -- 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 -- 48,016 -- Assets held in trading accounts 41 -- 41 -- 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 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 March 31, 2017 December 31, 2016, $26.4 $26.9 The significant unobservable inputs (Level 3) may 3 10% 40% Mortgage loans held for sale may 2 3 3. March 31, 2017 December 31, 2016, 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 March 31, 2017 December 31, 2016. Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant March 31, 2017 ASSETS Impaired loans (1) (2) $ 414 $ -- $ -- $ 414 Foreclosed assets held for sale (1) 2,517 -- -- 2,517 December 31, 2016 ASSETS Impaired loans (1) (2) $ 17,154 $ -- $ -- $ 17,154 Foreclosed assets held for sale (1) 17,806 -- -- 17,806 ________________________ (1) These amounts represent the resulting carrying amounts on the Consolidated Balance Sheets for impaired collateral dependent loans and foreclosed assets held for sale for which fair value re-measurements took place during the period. (2) Specific allocations of $34,000 $2,384,000 March 31, 2017 December 31, 2016, 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). 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 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 March 31, 2017 Financial assets: Cash and cash equivalents $ 305,281 $ 305,281 $ -- $ -- $ 305,281 Interest bearing balances due from banks - time 4,563 -- 4,563 -- 4,563 Held-to-maturity securities 431,176 -- 435,701 -- 435,701 Mortgage loans held for sale 9,754 -- -- 9,754 9,754 Interest receivable 26,089 -- 26,089 -- 26,089 Legacy loans (net of allowance) 4,595,040 -- -- 4,590,722 4,590,722 Loans acquired (net of allowance) 1,144,291 -- -- 1,143,216 1,143,216 Financial liabilities: Non-interest bearing transaction accounts 1,554,675 -- 1,554,675 -- 1,554,675 Interest bearing transaction accounts and savings deposits 3,987,730 -- 3,987,730 -- 3,987,730 Time deposits 1,245,883 -- -- 1,237,610 1,237,610 Federal funds purchased and securities sold under agreements to repurchase 110,007 -- 110,007 -- 110,007 Other borrowings 441,074 -- 457,458 -- 457,458 Subordinated debentures 60,503 -- 55,385 -- 55,385 Interest payable 1,555 -- 1,555 -- 1,555 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 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. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements ASU 2017 08 Premium Amortization on Purchased Callable Debt Securities 2017 08”). 2017 08 2017 08 December 15, 2018, 2017 08 March 31, 2017 ASU 2016 15 Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments 2016 15”). 2016 15 2016 15 December 15, 2017, ASU 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 ASU 2016 09 Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting 2016 09”). 2016 09 2016 09 2016 09 2016 09 December 15, 2016. $1.2 three March 31, 2017. ASU 2016 02 Leases 2016 02”). 2016 02 2016 02 December 15, 2018, March 31, 2017, ASU 2016 01 Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities 2016 01”). 2016 01 2016 01 December 15, 2017, ASU 2015 16 Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments 2015 16”). 2015 16 2015 16 2015 16 December 15, 2015 ASU 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; There have been no other significant changes to the Company’s accounting policies from the 2016 10 |
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 loans acquired, other than purchased impaired loans, 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, For further discussion of our acquisition and loan accounting, see Note 2, 5, |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Common Share (“EPS”) Basic EPS is computed by dividing reported net income available to common shareholders by weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common shareholders by the weighted average common shares and all potential dilutive common shares outstanding during the period. Following is the computation of earnings per common share for the three March 31, 2017 2016: (In thousands, except per share data) 2017 2016 Net income available to common shareholders $ 22,120 $ 23,481 Average common shares outstanding 31,351 30,326 Average potential dilutive common shares 262 156 Average diluted common shares 31,613 30,482 Basic earnings per share $ 0.71 $ 0.77 Diluted earnings per share (1) $ 0.70 $ 0.77 _________________________________ (1) Stock options to purchase 319,650 three March 31, 2016, three March 31, 2017. |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (In thousands, except per share data) 2017 2016 Net income available to common shareholders $ 22,120 $ 23,481 Average common shares outstanding 31,351 30,326 Average potential dilutive common shares 262 156 Average diluted common shares 31,613 30,482 Basic earnings per share $ 0.71 $ 0.77 Diluted earnings per share (1) $ 0.70 $ 0.77 |
Note 2 - Acquisitions (Tables)
Note 2 - Acquisitions (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
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 1,530 5,088 Total liabilities assumed 530,648 1,577 532,225 Equity 54,556 (54,556 ) -- Total equity assumed 54,556 (54,556 ) -- Total liabilities and equity assumed $ 585,204 $ (52,979 ) $ 532,225 Net assets acquired 53,275 Purchase price 76,300 Goodwill $ 23,025 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Investment [Table Text Block] | March 31, 2017 December 31, 2016 (In thousands) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Held-to-Maturity U.S. Government agencies $ 68,895 $ 77 $ (187 ) $ 68,785 $ 76,875 $ 107 $ (182 ) $ 76,800 Mortgage-backed securities 18,743 51 (230 ) 18,564 19,773 63 (249 ) 19,587 State and political subdivisions 341,854 5,388 (574 ) 346,668 362,532 4,967 (842 ) 366,657 Other securities 1,684 -- -- 1,684 2,916 -- -- 2,916 Total HTM $ 431,176 $ 5,516 $ (991 ) $ 435,701 $ 462,096 $ 5,137 $ (1,273 ) $ 465,960 Available-for-Sale U.S. Treasury $ -- $ -- $ -- $ -- $ 300 $ -- $ -- $ 300 U.S. Government agencies 144,364 117 (2,125 ) 142,356 140,005 67 (2,301 ) 137,771 Mortgage-backed securities 943,925 187 (16,835 ) 927,277 885,783 178 (17,637 ) 868,324 State and political subdivisions 135,538 381 (5,172 ) 130,747 108,374 38 (5,469 ) 102,943 Other securities 56,207 1,227 (1 ) 57,433 47,022 996 (2 ) 48,016 Total AFS $ 1,280,034 $ 1,912 $ (24,133 ) $ 1,257,813 $ 1,181,484 $ 1,279 $ (25,409 ) $ 1,157,354 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less Than 12 Months 12 Months or More Total (In thousands) Estimated Gross Estimated Gross Estimated Gross Held-to-Maturity U.S. Government agencies $ 32,864 $ (136 ) $ 19,948 $ (51 ) $ 52,812 $ (187 ) Mortgage-backed securities 11,209 (191 ) 1,361 (39 ) 12,570 (230 ) State and political subdivisions 44,857 (573 ) 195 (1 ) 45,052 (574 ) Total HTM $ 88,930 $ (900 ) $ 21,504 $ (91 ) $ 110,434 $ (991 ) Available-for-Sale U.S. Government agencies $ 128,270 $ (2,125 ) $ -- $ -- $ 128,270 $ (2,125 ) Mortgage-backed securities 866,277 (16,748 ) 9,776 (87 ) 876,053 (16,835 ) State and political subdivisions 94,613 (5,172 ) -- -- 94,613 (5,172 ) Other securities 99 (1 ) -- -- 99 (1 ) Total AFS $ 1,089,259 $ (24,046 ) $ 9,776 $ (87 ) $ 1,099,035 $ (24,133 ) |
Investment Income [Table Text Block] | (In thousands) 2017 2016 Taxable: Held-to-maturity $ 661 $ 876 Available-for-sale 5,816 4,434 Non-taxable: Held-to-maturity 2,283 3,146 Available-for-sale 691 50 Total $ 9,451 $ 8,506 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Held-to-Maturity Available-for-Sale (In thousands) Amortized Fair Amortized Fair One year or less $ 44,557 $ 44,538 $ 1,469 $ 1,469 After one through five years 117,375 117,821 101,508 100,443 After five through ten years 101,468 102,403 12,742 12,691 After ten years 149,033 152,375 165,283 159,598 Securities not due on a single maturity date 18,743 18,564 943,925 927,277 Other securities (no maturity) -- -- 55,107 56,335 Total $ 431,176 $ 435,701 $ 1,280,034 $ 1,257,813 |
Note 4 - Loans and Allowance 33
Note 4 - Loans and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) March 31, December 31, Consumer: Credit cards $ 171,947 $ 184,591 Other consumer 349,200 303,972 Total consumer 521,147 488,563 Real Estate: Construction 365,051 336,759 Single family residential 957,717 904,245 Other commercial 1,959,677 1,787,075 Total real estate 3,282,445 3,028,079 Commercial: Commercial 657,606 639,525 Agricultural 141,125 150,378 Total commercial 798,731 789,903 Other 30,582 20,662 Loans 4,632,905 4,327,207 Loans acquired, net of discount and allowance (1) 1,144,291 1,305,683 Total loans $ 5,777,196 $ 5,632,890 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) March 31, December 31, Consumer: Credit cards $ 230 $ 373 Other consumer 2,415 1,793 Total consumer 2,645 2,166 Real estate: Construction 2,735 3,411 Single family residential 12,676 12,139 Other commercial 22,627 12,385 Total real estate 38,038 27,935 Commercial: Commercial 9,992 7,765 Agricultural 2,238 1,238 Total commercial 12,230 9,003 Total $ 52,913 $ 39,104 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days March 31, 2017 Consumer: Credit cards $ 814 $ 420 $ 1,234 $ 170,713 $ 171,947 $ 190 Other consumer 3,157 1,347 4,504 344,696 349,200 -- Total consumer 3,971 1,767 5,738 515,409 521,147 190 Real estate: Construction 844 1,452 2,296 362,755 365,051 -- Single family residential 6,650 6,538 13,188 944,529 957,717 41 Other commercial 5,275 7,428 12,703 1,946,974 1,959,677 -- Total real estate 12,769 15,418 28,187 3,254,258 3,282,445 41 Commercial: Commercial 4,496 6,698 11,194 646,412 657,606 -- Agricultural 594 1,138 1,732 139,393 141,125 -- Total commercial 5,090 7,836 12,926 785,805 798,731 -- Other -- -- -- 30,582 30,582 -- Total $ 21,830 $ 25,021 $ 46,851 $ 4,586,054 $ 4,632,905 $ 231 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 |
Impaired Financing Receivables [Table Text Block] | (In thousands) Unpaid Recorded Recorded Total Related Average Interest March 31, 2017 Three Months Ended Consumer: Credit cards $ 230 $ 230 $ -- $ 230 $ -- $ 302 $ 5 Other consumer 2,507 2,412 3 2,415 1 2,107 13 Total consumer 2,737 2,642 3 2,645 1 2,409 18 Real estate: Construction 2,943 1,697 1,038 2,735 156 3,074 20 Single family residential 13,654 11,544 1,407 12,951 152 12,667 81 Other commercial 25,623 7,852 16,584 24,436 529 19,321 123 Total real estate 42,220 21,093 19,029 40,122 837 35,062 224 Commercial: Commercial 13,848 4,226 8,154 12,380 708 11,344 72 Agricultural 3,356 2,238 -- 2,238 -- 1,726 11 Total commercial 17,204 6,464 8,154 14,618 708 13,070 83 Total $ 62,161 $ 30,199 $ 27,186 $ 57,385 $ 1,546 $ 50,541 $ 325 December 31, 2016 Three Months Ended Consumer: Credit cards $ 373 $ 373 $ -- $ 373 $ -- $ 240 $ 10 Other consumer 1,836 1,797 3 1,800 1 441 6 Total consumer 2,209 2,170 3 2,173 1 681 16 Real estate: Construction 4,275 1,038 2,374 3,412 156 4,910 65 Single family residential 12,970 10,630 1,753 12,383 162 6,628 88 Other commercial 20,993 6,891 7,315 14,206 99 11,245 149 Total real estate 38,238 18,559 11,442 30,001 417 22,783 302 Commercial: Commercial 11,848 2,734 7,573 10,307 262 2,110 28 Agricultural 2,226 1,215 -- 1,215 -- 403 5 Total commercial 14,074 3,949 7,573 11,522 262 2,513 33 Total $ 54,521 $ 24,678 $ 19,018 $ 43,696 $ 680 $ 25,977 $ 351 |
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 March 31, 2017 Consumer: Other consumer -- $ -- 1 $ 3 1 $ 3 Total consumer -- -- 1 3 1 3 Real estate: Construction -- -- 1 456 1 456 Single-family residential 3 166 26 1,691 29 1,857 Other commercial 23 8,894 4 8,115 27 17,009 Total real estate 26 9,060 31 10,262 57 19,322 Commercial: Commercial 15 1,773 10 1,055 25 2,828 Total commercial 15 1,773 10 1,055 25 2,828 Total 41 $ 10,833 42 $ 11,320 83 $ 22,153 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 |
Schedule of Loans Restructured as TDRs [Table Text Block] | Modification Type (Dollars in thousands) Number of Balance Prior Balance at Change in Change in Financial Impact Three Months Ended March 31, 2017 Real estate: Commercial 1 $ 456 $ 456 $ 456 $ -- $ -- Single-family residential Other commercial 2 7,362 7,362 7,362 -- 33 Total real estate 3 7,818 7,818 7,818 -- 33 Commercial: Commercial 5 $ 770 $ 760 $ 760 $ -- $ -- Total commercial 5 770 760 760 -- -- Total 8 $ 8,588 $ 8,578 $ 8,578 $ -- $ 33 Three Months Ended March 31, 2016 Real estate: Single-family residential 2 $ 178 $ 178 $ 178 $ -- $ -- Other commercial 24 8,614 8,567 8,567 Total real estate 26 8,792 8,745 8,745 -- -- Commercial: Commercial 2 $ 173 $ 172 $ 172 $ -- $ -- Total commercial 2 173 172 172 -- -- Total 28 $ 8,965 $ 8,917 $ 8,917 $ -- $ -- |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total March 31, 2017 Consumer: Credit cards $ 171,527 $ -- $ 420 $ -- $ -- $ 171,947 Other consumer 346,475 24 2,701 -- -- 349,200 Total consumer 518,002 24 3,121 -- -- 521,147 Real estate: Construction 359,141 147 5,747 16 -- 365,051 Single family residential 927,522 3,816 26,224 155 -- 957,717 Other commercial 1,897,018 7,456 55,203 -- -- 1,959,677 Total real estate 3,183,681 11,419 87,174 171 -- 3,282,445 Commercial: Commercial 633,310 1,175 23,116 5 -- 657,606 Agricultural 137,869 103 3,130 23 -- 141,125 Total commercial 771,179 1,278 26,246 28 -- 798,731 Other 30,582 -- -- -- -- 30,582 Loans acquired 1,064,735 26,098 51,946 1,512 -- 1,144,291 Total $ 5,568,179 $ 38,819 $ 168,487 $ 1,711 $ -- $ 5,777,196 (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 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (In thousands) Commercial Real Credit Other Total Three Months Ended March 31, 2017 Balance, beginning of period $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 Provision for loan losses (1) 696 860 758 1,243 3,557 Charge-offs (292 ) (656 ) (1,044 ) (1,174 ) (3,166 ) Recoveries 30 232 236 690 1,188 Net charge-offs (262 ) (424 ) (808 ) (484 ) (1,978 ) Balance, March 31, 2017 (2) $ 8,173 $ 22,253 $ 3,729 $ 3,710 $ 37,865 Period-end amount allocated to: Loans individually evaluated for impairment $ 708 $ 837 $ -- $ 1 $ 1,546 Loans collectively evaluated for impairment 7,465 21,416 3,729 3,709 36,319 Balance, March 31, 2017 (2) $ 8,173 $ 22,253 $ 3,729 $ 3,710 $ 37,865 (In thousands) Commercial Real Credit Other Total Three Months Ended March 31, 2016 Balance, beginning of period $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Provision for loan losses 1,567 520 481 255 2,823 Charge-offs (476 ) (229 ) (859 ) (393 ) (1,957 ) Recoveries 7 112 242 103 464 Net charge-offs (469 ) (117 ) (617 ) (290 ) (1,493 ) Balance, March 31, 2016 (2) $ 7,083 $ 19,925 $ 3,757 $ 1,916 $ 32,681 Period-end amount allocated to: Loans individually evaluated for impairment $ 101 $ 2,811 $ -- $ 11 $ 2,923 Loans collectively evaluated for impairment 6,982 17,114 3,757 1,905 29,758 Balance, March 31, 2016 (2) $ 7,083 $ 19,925 $ 3,757 $ 1,916 $ 32,681 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, December 31, 2016 (2) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 |
Schedule of Loans by impairment evaluation [Table Text Block] | (In thousands) Commercial Real Credit Other Total March 31, 2017 Loans individually evaluated for impairment $ 14,618 $ 40,122 $ 230 $ 2,415 $ 57,385 Loans collectively evaluated for impairment 784,113 3,242,323 171,717 377,367 4,575,520 Balance, end of period $ 798,731 $ 3,282,445 $ 171,947 $ 379,782 $ 4,632,905 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 |
Note 5 - Loans Acquired (Tables
Note 5 - Loans Acquired (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Carrying Value Of All Acquired Impaired Loans [Table Text Block] | Loans Acquired (in thousands) March 31, December 31, Consumer: Other consumer $ 39,497 $ 49,677 Total consumer 39,497 49,677 Real estate: Construction 47,894 57,587 Single family residential 379,987 423,176 Other commercial 599,506 690,108 Total real estate 1,027,387 1,170,871 Commercial: Commercial 74,851 81,837 Agricultural 2,556 3,298 Total commercial 77,407 85,135 Total loans acquired (1) $ 1,144,291 $ 1,305,683 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) March 31, December 31, Consumer: Credit cards $ 230 $ 373 Other consumer 2,415 1,793 Total consumer 2,645 2,166 Real estate: Construction 2,735 3,411 Single family residential 12,676 12,139 Other commercial 22,627 12,385 Total real estate 38,038 27,935 Commercial: Commercial 9,992 7,765 Agricultural 2,238 1,238 Total commercial 12,230 9,003 Total $ 52,913 $ 39,104 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days March 31, 2017 Consumer: Credit cards $ 814 $ 420 $ 1,234 $ 170,713 $ 171,947 $ 190 Other consumer 3,157 1,347 4,504 344,696 349,200 -- Total consumer 3,971 1,767 5,738 515,409 521,147 190 Real estate: Construction 844 1,452 2,296 362,755 365,051 -- Single family residential 6,650 6,538 13,188 944,529 957,717 41 Other commercial 5,275 7,428 12,703 1,946,974 1,959,677 -- Total real estate 12,769 15,418 28,187 3,254,258 3,282,445 41 Commercial: Commercial 4,496 6,698 11,194 646,412 657,606 -- Agricultural 594 1,138 1,732 139,393 141,125 -- Total commercial 5,090 7,836 12,926 785,805 798,731 -- Other -- -- -- 30,582 30,582 -- Total $ 21,830 $ 25,021 $ 46,851 $ 4,586,054 $ 4,632,905 $ 231 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 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total March 31, 2017 Consumer: Credit cards $ 171,527 $ -- $ 420 $ -- $ -- $ 171,947 Other consumer 346,475 24 2,701 -- -- 349,200 Total consumer 518,002 24 3,121 -- -- 521,147 Real estate: Construction 359,141 147 5,747 16 -- 365,051 Single family residential 927,522 3,816 26,224 155 -- 957,717 Other commercial 1,897,018 7,456 55,203 -- -- 1,959,677 Total real estate 3,183,681 11,419 87,174 171 -- 3,282,445 Commercial: Commercial 633,310 1,175 23,116 5 -- 657,606 Agricultural 137,869 103 3,130 23 -- 141,125 Total commercial 771,179 1,278 26,246 28 -- 798,731 Other 30,582 -- -- -- -- 30,582 Loans acquired 1,064,735 26,098 51,946 1,512 -- 1,144,291 Total $ 5,568,179 $ 38,819 $ 168,487 $ 1,711 $ -- $ 5,777,196 (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 |
Tabular Temporal Display Of Adjustments Related To Purchased Covered Impaired Loans [Table Text Block] | Three Months Ended (In thousands) 2017 2016 Impact on net interest income and pre-tax income $ 1,184 $ 1,095 Impact, net of taxes $ 720 $ 665 |
Tabular Temporal Display of Accretable Yield [Table Text Block] | Three Months Ended Three Months Ended (In thousands) Accretable Carrying Accretable Carrying Beginning balance $ 1,655 $ 17,802 $ 954 $ 23,469 Additions -- -- -- -- Accretable yield adjustments 1,228 -- 2,432 -- Accretion (1,666 ) 1,666 (1,352 ) 1,352 Payments and other reductions, net -- (10,773 ) -- (3,562 ) Balance, ending $ 1,217 $ 8,695 $ 2,034 $ 21,259 |
Acquired Loans [Member] | |
Notes Tables | |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) March 31, December 31, Consumer: Other consumer $ 261 $ 456 Total consumer 261 456 Real estate: Construction 2,084 7,961 Single family residential 12,966 13,366 Other commercial 13,653 22,045 Total real estate 28,703 43,372 Commercial: Commercial 2,169 2,806 Agricultural 198 198 Total commercial 2,367 3,004 Total $ 31,331 $ 46,832 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days March 31, 2017 Consumer: Other consumer $ 486 $ 6,741 $ 7,227 $ 32,270 $ 39,497 $ -- Total consumer 486 6,741 7,227 32,270 39,497 -- Real estate: Construction 305 1,459 1,764 46,130 47,894 -- Single family residential 4,748 15,352 20,100 359,887 379,987 -- Other commercial 716 9,206 9,922 589,584 599,506 -- Total real estate 5,769 26,017 31,786 995,601 1,027,387 -- Commercial: Commercial 717 1,661 2,378 72,473 74,851 -- Agricultural 22 8 30 2,526 2,556 -- Total commercial 739 1,669 2,408 74,999 77,407 -- Total $ 6,994 $ 34,427 $ 41,421 $ 1,102,870 $ 1,144,291 $ -- 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 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total March 31, 2017 Consumer: Other consumer $ 39,077 $ 12 $ 408 $ -- $ -- $ 39,497 Total consumer 39,077 12 408 -- -- 39,497 Real estate: Construction 43,176 1,783 2,935 -- -- 47,894 Single family residential 357,709 2,045 18,721 1,512 -- 379,987 Other commercial 559,201 16,997 23,308 -- -- 599,506 Total real estate 960,086 20,825 44,964 1,512 -- 1,027,387 Commercial: Commercial 63,303 5,228 6,320 -- -- 74,851 Agricultural 2,269 33 254 -- -- 2,556 Total commercial 65,572 5,261 6,574 -- -- 77,407 Total $ 1,064,735 $ 26,098 $ 51,946 $ 1,512 $ -- $ 1,144,291 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 |
Note 6 - Goodwill and Other I35
Note 6 - Goodwill and Other Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | (In thousands) March 31, December 31, Goodwill $ 350,035 $ 348,505 Core deposit premiums: Gross carrying amount 48,692 48,692 Accumulated amortization (11,791 ) (10,625 ) Core deposit premiums, net 36,901 38,067 Purchased credit card relationships: Gross carrying amount 2,068 2,068 Accumulated amortization (1,448 ) (1,344 ) Purchased credit card relationships, net 620 724 Books of business intangible: Gross carrying amount 15,884 15,884 Accumulated amortization (1,997 ) (1,716 ) Books of business intangible, net 13,887 14,168 Other intangible assets, net 51,408 52,959 Total goodwill and other intangible assets $ 401,443 $ 401,464 |
Core Deposit Premium [Member] | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (In thousands) Year Amortization Remainder of 2017 $ 4,652 2018 6,099 2019 5,789 2020 5,776 2021 5,715 Thereafter 23,377 Total $ 51,408 |
Note 8 - Income Taxes (Tables)
Note 8 - Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | (In thousands) March 31, March 31, Income taxes currently payable $ 6,601 $ 11,510 Deferred income taxes 3,090 108 Provision for income taxes $ 9,691 $ 11,618 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (In thousands) March 31, December 31, Deferred tax assets: Loans acquired $ 6,021 $ 7,986 Allowance for loan losses 15,175 14,754 Valuation of foreclosed assets 3,958 3,958 Tax NOLs from acquisition 12,970 13,077 Deferred compensation payable 2,782 2,785 Vacation compensation 1,883 1,740 Accrued equity and other compensation 4,654 6,367 Acquired securities 1,098 1,098 Other accrued liabilities 1,834 1,834 Unrealized loss on available-for-sale securities 8,890 9,559 Other 5,201 5,267 Gross deferred tax assets 64,466 68,425 Deferred tax liabilities: Goodwill and other intangible amortization (29,382 ) (29,601 ) Accumulated depreciation (5,370 ) (5,370 ) Other (5,895 ) (5,877 ) Gross deferred tax liabilities (40,647 ) (40,848 ) Net deferred tax asset, included in other assets $ 23,819 $ 27,577 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | (In thousands) March 31, March 31, Computed at the statutory rate (35%) $ 11,134 $ 12,293 Increase (decrease) in taxes resulting from: State income taxes, net of federal tax benefit 539 641 Discrete items related to ASU 2016-09 (1,082 ) -- Tax exempt interest income (1,071 ) (1,135 ) Tax exempt earnings on BOLI (218 ) (296 ) Federal tax credits -- (26 ) Other differences, net 389 141 Actual tax provision $ 9,691 $ 11,618 |
Note 9 - Securities Sold Unde37
Note 9 - Securities Sold Under Agreements to Repurchase (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
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 Total March 31, 2017 Repurchase agreements: U.S. Government agencies $ 97,982 $ -- $ -- $ -- $ 97,982 December 31, 2016 Repurchase agreements: U.S. Government agencies $ 101,647 $ -- $ -- $ 757 $ 102,404 |
Note 10 - Other Borrowings an38
Note 10 - Other Borrowings and Subordinated Debentures (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | (In thousands) March 31, December 31, Other Borrowings FHLB advances, net of discount, due 2017 to 2033, 0.65% to 7.37% secured by residential real estate loans $ 394,261 $ 225,230 Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured 46,813 47,929 Total other borrowings 441,074 273,159 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 9,251 9,225 Trust preferred securities, net of discount, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly 10,168 10,130 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 5,160 5,161 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 5,116 5,105 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 10,188 10,156 Total subordinated debentures 60,503 60,397 Total other borrowings and subordinated debentures $ 501,577 $ 333,556 |
Schedule of Maturities of Long-term Debt [Table Text Block] | (In thousands) Year Annual 2017 $ 6,762 2018 23,941 2019 7,670 2020 36,424 2021 2,333 Thereafter 69,447 Total $ 146,577 |
Note 14 - Stock Based Compens39
Note 14 - Stock Based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Stock Options Stock Awards Stock Units Number Weighted Number Weighted Number Weighted Balance, January 1, 2017 473 42.85 139 40.96 113 45.40 Granted -- -- -- -- 156 59.18 Stock Options Exercised (22 ) 36.63 -- -- -- -- Stock Awards/Units Vested -- -- (24 ) 33.89 (102 ) 52.53 Forfeited/Expired (3 ) 45.50 (6 ) 45.19 (4 ) 50.94 Balance, March 31, 2017 448 $ 43.15 109 $ 42.32 163 $ 54.01 Exercisable, March 31, 2017 338 $ 42.44 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Range of Exercise Prices Number of Shares Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price $17.55 - $21.29 11,350 4.44 $ 20.05 9,050 $ 19.84 21.51 - 21.51 2,000 2.80 21.51 2,000 21.51 28.42 - 28.42 12,200 0.16 28.42 12,200 28.42 30.31 - 30.31 22,580 1.13 30.31 22,580 30.31 40.57 - 40.57 40,490 7.75 40.57 40,490 40.57 40.72 - 40.72 1,500 7.63 40.72 600 40.72 44.40 - 44.40 49,870 7.98 44.40 37,144 44.40 45.50 - 45.50 246,485 8.36 45.50 190,907 45.50 47.02 - 47.02 58,090 8.50 47.02 20,838 47.02 48.13 - 48.13 3,305 8.46 48.13 2,645 48.13 $17.55 - $48.13 447,870 7.57 $ 43.15 338,454 $ 42.44 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Three Months Ended Expected dividend yield 1.96 % Expected stock price volatility 27.34 % Risk-free interest rate 2.01 % Expected life of options (years) 7 |
Note 15 - Additional Cash Flo40
Note 15 - Additional Cash Flow Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Three Months Ended (In thousands) 2017 2016 Interest paid $ 6,160 $ 5,326 Income taxes paid 23 5,991 Transfers of loans to foreclosed assets held for sale 2,044 2,074 Transfers of premises and equipment to premises held for sale -- 1,441 |
Note 16 - Other Operating Exp41
Note 16 - Other Operating Expenses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | Three Months Ended (In thousands) 2017 2016 Professional services $ 5,169 $ 3,501 Postage 1,131 1,235 Telephone 1,078 1,060 Credit card expense 2,837 2,830 Marketing 1,364 973 Operating supplies 355 358 Amortization of intangibles 1,550 1,455 Branch right sizing expense 118 14 Other expense 6,285 4,965 Total other operating expenses $ 19,887 $ 16,391 |
Note 20 - Fair Value Measurem42
Note 20 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant March 31, 2017 ASSETS Available-for-sale securities U.S. Government agencies $ 142,356 $ -- $ 142,356 $ -- Mortgage-backed securities 927,277 -- 927,277 -- State and political subdivisions 130,747 -- 130,747 -- Other securities 57,433 -- 57,433 -- Assets held in trading accounts 55 -- 55 -- 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 -- 48,016 -- Assets held in trading accounts 41 -- 41 -- |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant March 31, 2017 ASSETS Impaired loans (1) (2) $ 414 $ -- $ -- $ 414 Foreclosed assets held for sale (1) 2,517 -- -- 2,517 December 31, 2016 ASSETS Impaired loans (1) (2) $ 17,154 $ -- $ -- $ 17,154 Foreclosed assets held for sale (1) 17,806 -- -- 17,806 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Value Measurements (In thousands) Amount Level 1 Level 2 Level 3 Total March 31, 2017 Financial assets: Cash and cash equivalents $ 305,281 $ 305,281 $ -- $ -- $ 305,281 Interest bearing balances due from banks - time 4,563 -- 4,563 -- 4,563 Held-to-maturity securities 431,176 -- 435,701 -- 435,701 Mortgage loans held for sale 9,754 -- -- 9,754 9,754 Interest receivable 26,089 -- 26,089 -- 26,089 Legacy loans (net of allowance) 4,595,040 -- -- 4,590,722 4,590,722 Loans acquired (net of allowance) 1,144,291 -- -- 1,143,216 1,143,216 Financial liabilities: Non-interest bearing transaction accounts 1,554,675 -- 1,554,675 -- 1,554,675 Interest bearing transaction accounts and savings deposits 3,987,730 -- 3,987,730 -- 3,987,730 Time deposits 1,245,883 -- -- 1,237,610 1,237,610 Federal funds purchased and securities sold under agreements to repurchase 110,007 -- 110,007 -- 110,007 Other borrowings 441,074 -- 457,458 -- 457,458 Subordinated debentures 60,503 -- 55,385 -- 55,385 Interest payable 1,555 -- 1,555 -- 1,555 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 |
Note 1 - Basis of Presentatio43
Note 1 - Basis of Presentation (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income Tax Expense (Benefit) | $ 9,691 | $ 11,618 |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 319,650 |
Accounting Standards Update 2016-09 [Member] | ||
Income Tax Expense (Benefit) | $ (1,200) |
Note 1 - Basis of Presentatio44
Note 1 - Basis of Presentation - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Net income available to common shareholders | $ 22,120 | $ 23,481 | |
Average common shares outstanding (in shares) | 31,351 | 30,326 | |
Average potential dilutive common shares (in shares) | 262 | 156 | |
Average diluted common shares (in shares) | 31,613 | 30,482 | |
Basic earnings per share (in dollars per share) | $ 0.71 | $ 0.77 | |
Diluted earnings per share (1) (in dollars per share) | [1] | $ 0.70 | $ 0.77 |
[1] | Stock options to purchase 319,650 shares for the three months ended March 31, 2016, were not included in the diluted EPS calculation because the exercise price of those options exceeded the average market price. 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 three months ended March 31, 2017. |
Note 2 - Acquisitions (Details
Note 2 - Acquisitions (Details Textual) $ in Thousands | Jan. 23, 2017USD ($) | Dec. 14, 2016USD ($) | Nov. 17, 2016USD ($) | Sep. 09, 2016USD ($)shares | Dec. 31, 2016USD ($) | Mar. 31, 2017USD ($) |
Goodwill | $ 348,505 | $ 350,035 | ||||
Assets | 8,400,056 | 8,626,638 | ||||
Loans and Leases Receivable, Net Amount | 5,596,604 | 5,739,331 | ||||
Deposits | 6,735,219 | $ 6,788,288 | ||||
Hardeman County Investment Company, Inc. [Member] | ||||||
Number of Bank Branches | 10 | |||||
Assets | 477,000 | |||||
Loans and Leases Receivable, Net Amount | 255,000 | |||||
Deposits | $ 395,000 | |||||
Southwest Bancorp, Inc. [Member] | ||||||
Number of Bank Branches | 31 | |||||
Assets | $ 2,500,000 | |||||
Loans and Leases Receivable, Net Amount | 1,900,000 | |||||
Deposits | $ 1,900,000 | |||||
First Texas BHC, Inc. [Member] | ||||||
Number of Bank Branches | 16 | |||||
Assets | $ 2,100,000 | |||||
Loans and Leases Receivable, Net Amount | 1,800,000 | |||||
Deposits | $ 1,700,000 | |||||
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 | |||||
Payments to Acquire Businesses, Gross | $ 35,000 | |||||
Number of Bank Branches | 9 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 585,500 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 340,850 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 509,857 | |||||
Goodwill | 23,025 | |||||
Business Combination, Consideration Transferred | $ 76,300 | |||||
Pending Acquisition, Hardeman County Investment Company, Inc. [Member] | ||||||
Business Combination, Consideration Transferred | $ 72,200 | |||||
Pending Acquisition, Southwest Bancorp, Inc. [Member] | ||||||
Business Combination, Consideration Transferred | $ 564,400 | |||||
Pending Acquisition, First Texas BHC, Inc. [Member] | ||||||
Business Combination, Consideration Transferred | $ 462,000 |
Note 2 - Acquisitions - Assets
Note 2 - Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Sep. 09, 2016 | Mar. 31, 2017 | Dec. 31, 2016 |
Goodwill | $ 350,035 | $ 348,505 | |
Citizens National Bank [Member] | |||
Cash and due from banks | $ 131,467 | ||
Federal funds sold | 10,000 | ||
Investment securities | 61,988 | ||
Loans acquired | 340,850 | ||
Allowance for loan losses | |||
Foreclosed assets | 3,442 | ||
Premises and equipment | 8,085 | ||
Bank owned life insurance | 6,632 | ||
Core deposit intangible | 5,075 | ||
Other intangibles | 591 | ||
Other assets | 17,370 | ||
Total assets acquired | 585,500 | ||
Non-interest bearing transaction accounts | 109,281 | ||
Interest bearing transaction accounts and savings deposits | 204,912 | ||
Time deposits | 195,664 | ||
Total deposits | 509,857 | ||
Securities sold under agreement to repurchase | 13,233 | ||
FHLB borrowings | 4,047 | ||
Accrued interest and other liabilities | 5,088 | ||
Total liabilities assumed | 532,225 | ||
Equity | |||
Total liabilities and equity assumed | 532,225 | ||
Net assets acquired | 53,275 | ||
Business Combination, Consideration Transferred | 76,300 | ||
Goodwill | 23,025 | ||
Citizens National Bank [Member] | Cost Acquired [Member] | |||
Cash and due from banks | 131,467 | ||
Federal funds sold | 10,000 | ||
Investment securities | 61,987 | ||
Loans acquired | 350,361 | ||
Allowance for loan losses | (4,313) | ||
Foreclosed assets | 4,960 | ||
Premises and equipment | 6,746 | ||
Bank owned life insurance | 6,632 | ||
Core deposit intangible | |||
Other intangibles | |||
Other assets | 17,364 | ||
Total assets acquired | 585,204 | ||
Non-interest bearing transaction accounts | 109,281 | ||
Interest bearing transaction accounts and savings deposits | 204,912 | ||
Time deposits | 195,664 | ||
Total deposits | 509,857 | ||
Securities sold under agreement to repurchase | 13,233 | ||
FHLB borrowings | 4,000 | ||
Accrued interest and other liabilities | 3,558 | ||
Total liabilities assumed | 530,648 | ||
Equity | 54,556 | ||
Total liabilities and equity assumed | 585,204 | ||
Citizens National Bank [Member] | Fair Value Adjustments [Member] | |||
Cash and due from banks | |||
Federal funds sold | |||
Investment securities | 1 | ||
Loans acquired | (9,511) | ||
Allowance for loan losses | 4,313 | ||
Foreclosed assets | (1,518) | ||
Premises and equipment | 1,339 | ||
Bank owned life insurance | |||
Core deposit intangible | 5,075 | ||
Other intangibles | 591 | ||
Other assets | 6 | ||
Total assets acquired | 296 | ||
Non-interest bearing transaction accounts | |||
Interest bearing transaction accounts and savings deposits | |||
Time deposits | |||
Total deposits | |||
Securities sold under agreement to repurchase | |||
FHLB borrowings | 47 | ||
Accrued interest and other liabilities | 1,530 | ||
Total liabilities assumed | 1,577 | ||
Equity | (54,556) | ||
Total liabilities and equity assumed | $ (52,979) |
Note 3 - Investment Securitie47
Note 3 - Investment Securities (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Securities Continuous Unrealized Loss Position, Fair Value | $ 1,200,000,000 | ||
Securities Continuous Unrealized Loss Position Fair Value Percent of Portfolio | 71.60% | ||
Available-for-sale Securities Pledged as Collateral | $ 971,500,000 | $ 915,200,000 | |
Available-for-sale Securities, Gross Realized Gains | 63,000 | $ 329,000 | |
Available-for-sale Securities, Gross Realized Losses | $ 0 | $ 0 |
Note 3 - Investment Securitie48
Note 3 - Investment Securities - Summary of Investment Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Amortized Cost | $ 431,176 | $ 462,096 |
Gross Unrealized Gains | 5,516 | 5,137 |
Gross Unrealized Losses | (991) | (1,273) |
Estimated Fair Value | 435,701 | 465,960 |
Amortized Cost | 1,280,034 | 1,181,484 |
Gross Unrealized Gains | 1,912 | 1,279 |
Gross Unrealized Losses | (24,133) | (25,409) |
Estimated Fair Value | 1,257,813 | 1,157,354 |
US Government Agencies Debt Securities [Member] | ||
Amortized Cost | 68,895 | 76,875 |
Gross Unrealized Gains | 77 | 107 |
Gross Unrealized Losses | (187) | (182) |
Estimated Fair Value | 68,785 | 76,800 |
Amortized Cost | 144,364 | 140,005 |
Gross Unrealized Gains | 117 | 67 |
Gross Unrealized Losses | (2,125) | (2,301) |
Estimated Fair Value | 142,356 | 137,771 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Amortized Cost | 18,743 | 19,773 |
Gross Unrealized Gains | 51 | 63 |
Gross Unrealized Losses | (230) | (249) |
Estimated Fair Value | 18,564 | 19,587 |
Amortized Cost | 943,925 | 885,783 |
Gross Unrealized Gains | 187 | 178 |
Gross Unrealized Losses | (16,835) | (17,637) |
Estimated Fair Value | 927,277 | 868,324 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized Cost | 341,854 | 362,532 |
Gross Unrealized Gains | 5,388 | 4,967 |
Gross Unrealized Losses | (574) | (842) |
Estimated Fair Value | 346,668 | 366,657 |
Amortized Cost | 135,538 | 108,374 |
Gross Unrealized Gains | 381 | 38 |
Gross Unrealized Losses | (5,172) | (5,469) |
Estimated Fair Value | 130,747 | 102,943 |
Other Securities [Member] | ||
Amortized Cost | 1,684 | 2,916 |
Gross Unrealized Gains | ||
Gross Unrealized Losses | ||
Estimated Fair Value | 1,684 | 2,916 |
Amortized Cost | 56,207 | 47,022 |
Gross Unrealized Gains | 1,227 | 996 |
Gross Unrealized Losses | (1) | (2) |
Estimated Fair Value | 57,433 | 48,016 |
US Treasury Securities [Member] | ||
Amortized Cost | 300 | |
Gross Unrealized Gains | ||
Gross Unrealized Losses | ||
Estimated Fair Value | $ 300 |
Note 3 - Investment Securitie49
Note 3 - Investment Securities - Securities with Unrealized Losses (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Held-to-maturity, less than 12 months, estimated fair value | $ 88,930 |
Held-to-maturity, less than 12 months, gross unrealized losses | (900) |
Held-to-maturity, 12 months or more, estimated fair value | 21,504 |
Held-to-maturity, 12 months or more, gross unrealized losses | (91) |
Held-to-maturity, total, estimated fair value | 110,434 |
Held-to-maturity, total, gross unrealized losses | (991) |
Available-for-sale, less than 12 months, estimated fair value | 1,089,259 |
Available-for-sale, less than 12 months, gross unrealized losses | (24,046) |
Available-for-sale, 12 months or more, estimated fair value | 9,776 |
Available-for-sale, 12 months or more, gross unrealized losses | (87) |
Available-for-sale, total, estimated fair value | 1,099,035 |
Available-for-sale, total, gross unrealized losses | (24,133) |
US Government Agencies Debt Securities [Member] | |
Held-to-maturity, less than 12 months, estimated fair value | 32,864 |
Held-to-maturity, less than 12 months, gross unrealized losses | (136) |
Held-to-maturity, 12 months or more, estimated fair value | 19,948 |
Held-to-maturity, 12 months or more, gross unrealized losses | (51) |
Held-to-maturity, total, estimated fair value | 52,812 |
Held-to-maturity, total, gross unrealized losses | (187) |
Available-for-sale, less than 12 months, estimated fair value | 128,270 |
Available-for-sale, less than 12 months, gross unrealized losses | (2,125) |
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 | 128,270 |
Available-for-sale, total, gross unrealized losses | (2,125) |
Collateralized Mortgage Backed Securities [Member] | |
Held-to-maturity, less than 12 months, estimated fair value | 11,209 |
Held-to-maturity, less than 12 months, gross unrealized losses | (191) |
Held-to-maturity, 12 months or more, estimated fair value | 1,361 |
Held-to-maturity, 12 months or more, gross unrealized losses | (39) |
Held-to-maturity, total, estimated fair value | 12,570 |
Held-to-maturity, total, gross unrealized losses | (230) |
Available-for-sale, less than 12 months, estimated fair value | 866,277 |
Available-for-sale, less than 12 months, gross unrealized losses | (16,748) |
Available-for-sale, 12 months or more, estimated fair value | 9,776 |
Available-for-sale, 12 months or more, gross unrealized losses | (87) |
Available-for-sale, total, estimated fair value | 876,053 |
Available-for-sale, total, gross unrealized losses | (16,835) |
US States and Political Subdivisions Debt Securities [Member] | |
Held-to-maturity, less than 12 months, estimated fair value | 44,857 |
Held-to-maturity, less than 12 months, gross unrealized losses | (573) |
Held-to-maturity, 12 months or more, estimated fair value | 195 |
Held-to-maturity, 12 months or more, gross unrealized losses | (1) |
Held-to-maturity, total, estimated fair value | 45,052 |
Held-to-maturity, total, gross unrealized losses | (574) |
Available-for-sale, less than 12 months, estimated fair value | 94,613 |
Available-for-sale, less than 12 months, gross unrealized losses | (5,172) |
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 | 94,613 |
Available-for-sale, total, gross unrealized losses | (5,172) |
Other Securities [Member] | |
Available-for-sale, less than 12 months, estimated fair value | 99 |
Available-for-sale, less than 12 months, gross unrealized losses | (1) |
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 | 99 |
Available-for-sale, total, gross unrealized losses | $ (1) |
Note 3 - Investment Securitie50
Note 3 - Investment Securities - Income Earned on Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Investment securities | $ 9,451 | $ 8,506 |
Held-to-maturity Securities [Member] | ||
Held-to-maturity | 661 | 876 |
Held-to-maturity | 2,283 | 3,146 |
Available-for-sale Securities [Member] | ||
Held-to-maturity | 5,816 | 4,434 |
Held-to-maturity | $ 691 | $ 50 |
Note 3 - Investment Securitie51
Note 3 - Investment Securities - Maturities of Investment Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Held-to-maturity, amortized cost, one year or less | $ 44,557 | |
Held-to-maturity, fair value, one year or less | 44,538 | |
Available-for-sale, amortized cost, one year or less | 1,469 | |
Available-for-sale, fair value, one year or less | 1,469 | |
Held-to-maturity, amortized cost, after one through five years | 117,375 | |
Held-to-maturity, fair value, after one through five years | 117,821 | |
Available-for-sale, amortized cost, after one through five years | 101,508 | |
Available-for-sale, fair value, after one through five years | 100,443 | |
Held-to-maturity, amortized cost, after five through ten years | 101,468 | |
Held-to-maturity, fair value, after five through ten years | 102,403 | |
Available-for-sale, amortized cost, after five through ten years | 12,742 | |
Available-for-sale, fair value, after five through ten years | 12,691 | |
Held-to-maturity, amortized cost, after ten years | 149,033 | |
Held-to-maturity, fair value, after ten years | 152,375 | |
Available-for-sale, amortized cost, after ten years | 165,283 | |
Available-for-sale, fair value, after ten years | 159,598 | |
Held-to-maturity, amortized cost, securities not due on a single maturity date | 18,743 | |
Held-to-maturity, fair value, securities not due on a single maturity date | 18,564 | |
Available-for-sale, amortized cost, securities not due on a single maturity date | 943,925 | |
Available-for-sale, fair value, securities not due on a single maturity date | 927,277 | |
Available-for-sale, amortized cost, other securities (no maturity) | 55,107 | |
Available-for-sale, fair value, other securities (no maturity) | 56,335 | |
Held-to-maturity, amortized cost, total | 431,176 | $ 462,096 |
Held-to-maturity, fair value, total | 435,701 | 465,960 |
Available-for-sale, amortized cost, total | 1,280,034 | 1,181,484 |
Available-for-sale, fair value, total | $ 1,257,813 | $ 1,157,354 |
Note 4 - Loans and Allowance 52
Note 4 - Loans and Allowance for Loan Losses (Details Textual) | 3 Months Ended | ||
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Loans and Leases Receivable, Gross | $ 5,777,000,000 | $ 5,633,000,000 | |
Impaired Financing Receivable, Recorded Investment | 57,385,000 | 43,696,000 | |
Impaired Financing Receivable, Related Allowance | 1,546,000 | 680,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 325,000 | $ 351,000 | |
Impaired Financing Receivable, Average Recorded Investment | $ 50,541,000 | $ 25,977,000 | |
Financing Receivable, Modifications, Number of Contracts | 8 | 28 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 8,588,000 | $ 8,965,000 | |
Loans and Leases Receivable, Allowance, Covered | 26,000 | $ 293,000 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | ||
Mortgage Loans in Process of Foreclosure, Amount | 2,117,000 | 1,714,000 | |
Real Estate Acquired Through Foreclosure | 26,421,000 | 26,895,000 | |
Loans and Leases Receivable Classified | 44,800,000 | 47,800,000 | |
Provision for Loan and Lease Losses | 4,307,000 | $ 2,823,000 | |
Loans and Leases Receivable, Allowance | 37,865,000 | 36,286,000 | |
Risk Ratings 6,7, and 8 [Member] | |||
Loans and Leases Receivable Classified | 170,200,000 | 166,000,000 | |
Substandard [Member] | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 8,700,000 | 17,800,000 | |
OREO Secured by Residential Real Estate Properties [Member] | |||
Real Estate Acquired Through Foreclosure | 4,492,000 | 5,094,000 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 521,147,000 | 488,563,000 | |
Impaired Financing Receivable, Recorded Investment | 2,645,000 | 2,173,000 | |
Impaired Financing Receivable, Related Allowance | 1,000 | 1,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 18,000 | 16,000 | |
Impaired Financing Receivable, Average Recorded Investment | $ 2,409,000 | 681,000 | |
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | ||
Restructured Loan [Member] | |||
Loans and Leases Receivable, Allowance, Covered | $ 33,000 | ||
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 | 242,300 | 166,500 | |
Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 1,144,291,000 | 1,305,683,000 | |
Loans and Leases Receivable, Allowance, Covered | 435,000 | 954,000 | 954,000 |
Provision for Loan and Lease Losses | 750,000 | 0 | |
Allowance for Loan and Lease Losses, Write-offs | 1,300,000 | 435,000 | |
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 39,497,000 | 49,677,000 | |
Loans, Including Acquired Loans [Member] | |||
Loans and Leases Receivable, Allowance | $ 38,300,000 | $ 33,635,000 | $ 37,240,000 |
Note 4 - Loans and Allowance 53
Note 4 - Loans and Allowance for Loan Losses - Loan Portfolio by Categories (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 | |
Loans and Leases Receivable, Gross | $ 5,777,000,000 | $ 5,633,000,000 | |
Loans acquired, net of discount and allowance (1) | [1] | 1,144,291,000 | 1,305,683,000 |
Total loans | 5,777,196,000 | 5,632,890,000 | |
Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 4,632,905,000 | 4,327,207,000 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 521,147,000 | 488,563,000 | |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 521,147,000 | 488,563,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Gross | 171,947,000 | 184,591,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 171,947,000 | 184,591,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Loans and Leases Receivable, Gross | 349,200,000 | 303,972,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 349,200,000 | 303,972,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 3,282,445,000 | 3,028,079,000 | |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 3,282,445,000 | 3,028,079,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Gross | 365,051,000 | 336,759,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 365,051,000 | 336,759,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Loans and Leases Receivable, Gross | 957,717,000 | 904,245,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 957,717,000 | 904,245,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | |||
Loans and Leases Receivable, Gross | 1,959,677,000 | 1,787,075,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 1,959,677,000 | 1,787,075,000 | |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 798,731,000 | 789,903,000 | |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 798,731,000 | 789,903,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Gross | 657,606,000 | 639,525,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 657,606,000 | 639,525,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Loans and Leases Receivable, Gross | 141,125,000 | 150,378,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 141,125,000 | 150,378,000 | |
Unallocated Financing Receivables [Member] | |||
Loans and Leases Receivable, Gross | 30,582,000 | 20,662,000 | |
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | $ 30,582,000 | $ 20,662,000 | |
[1] | See Note 5, Loans Acquired, for segregation of loans acquired by loan class. |
Note 4 - Loans and Allowance 54
Note 4 - Loans and Allowance for Loan Losses - Nonaccrual Loans, Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans in nonaccrual status | $ 52,913 | $ 39,104 |
Consumer Portfolio Segment [Member] | ||
Loans in nonaccrual status | 2,645 | 2,166 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Loans in nonaccrual status | 230 | 373 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 2,415 | 1,793 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans in nonaccrual status | 38,038 | 27,935 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 2,735 | 3,411 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 12,676 | 12,139 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 22,627 | 12,385 |
Commercial Portfolio Segment [Member] | ||
Loans in nonaccrual status | 12,230 | 9,003 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 9,992 | 7,765 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | $ 2,238 | $ 1,238 |
Note 4 - Loans and Allowance 55
Note 4 - Loans and Allowance for Loan Losses - Age Analysis of Past Due Loans, Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable, Gross | $ 5,777,000,000 | $ 5,633,000,000 |
Loans, Excluding Acquired Loans [Member] | ||
Past Due | 46,851,000 | 40,313,000 |
Current | 4,586,054,000 | 4,286,894,000 |
Loans and Leases Receivable, Gross | 4,632,905,000 | 4,327,207,000 |
90 Days Past Due & Accruing | 231,000 | 300,000 |
Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 21,830,000 | 18,605,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 25,021,000 | 21,708,000 |
Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 521,147,000 | 488,563,000 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 5,738,000 | 5,804,000 |
Current | 515,409,000 | 482,759,000 |
Loans and Leases Receivable, Gross | 521,147,000 | 488,563,000 |
90 Days Past Due & Accruing | 190,000 | 286,000 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 3,971,000 | 4,502,000 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,767,000 | 1,302,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Loans and Leases Receivable, Gross | 171,947,000 | 184,591,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,234,000 | 991,000 |
Current | 170,713,000 | 183,600,000 |
Loans and Leases Receivable, Gross | 171,947,000 | 184,591,000 |
90 Days Past Due & Accruing | 190,000 | 275,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 814,000 | 716,000 |
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 | 420,000 | 275,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable, Gross | 349,200,000 | 303,972,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 4,504,000 | 4,813,000 |
Current | 344,696,000 | 299,159,000 |
Loans and Leases Receivable, Gross | 349,200,000 | 303,972,000 |
90 Days Past Due & Accruing | 11,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 3,157,000 | 3,786,000 |
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 | 1,347,000 | 1,027,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 3,282,445,000 | 3,028,079,000 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 28,187,000 | 25,837,000 |
Current | 3,254,258,000 | 3,002,242,000 |
Loans and Leases Receivable, Gross | 3,282,445,000 | 3,028,079,000 |
90 Days Past Due & Accruing | 41,000 | 14,000 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 12,769,000 | 11,942,000 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 15,418,000 | 13,895,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable, Gross | 365,051,000 | 336,759,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 2,296,000 | 2,666,000 |
Current | 362,755,000 | 334,093,000 |
Loans and Leases Receivable, Gross | 365,051,000 | 336,759,000 |
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 | 844,000 | 1,420,000 |
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 | 1,452,000 | 1,246,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans and Leases Receivable, Gross | 957,717,000 | 904,245,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 13,188,000 | 12,237,000 |
Current | 944,529,000 | 892,008,000 |
Loans and Leases Receivable, Gross | 957,717,000 | 904,245,000 |
90 Days Past Due & Accruing | 41,000 | 14,000 |
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 | 6,650,000 | 6,310,000 |
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 | 6,538,000 | 5,927,000 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans and Leases Receivable, Gross | 1,959,677,000 | 1,787,075,000 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 12,703,000 | 10,934,000 |
Current | 1,946,974,000 | 1,776,141,000 |
Loans and Leases Receivable, Gross | 1,959,677,000 | 1,787,075,000 |
90 Days Past Due & Accruing | ||
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 | 5,275,000 | 4,212,000 |
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 | 7,428,000 | 6,722,000 |
Commercial Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 798,731,000 | 789,903,000 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 12,926,000 | 8,672,000 |
Current | 785,805,000 | 781,231,000 |
Loans and Leases Receivable, Gross | 798,731,000 | 789,903,000 |
90 Days Past Due & Accruing | ||
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 5,090,000 | 2,161,000 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 7,836,000 | 6,511,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans and Leases Receivable, Gross | 657,606,000 | 639,525,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 11,194,000 | 7,336,000 |
Current | 646,412,000 | 632,189,000 |
Loans and Leases Receivable, Gross | 657,606,000 | 639,525,000 |
90 Days Past Due & Accruing | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 4,496,000 | 2,040,000 |
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 | 6,698,000 | 5,296,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans and Leases Receivable, Gross | 141,125,000 | 150,378,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,732,000 | 1,336,000 |
Current | 139,393,000 | 149,042,000 |
Loans and Leases Receivable, Gross | 141,125,000 | 150,378,000 |
90 Days Past Due & Accruing | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 594,000 | 121,000 |
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 | 1,138,000 | 1,215,000 |
Unallocated Financing Receivables [Member] | ||
Loans and Leases Receivable, Gross | 30,582,000 | 20,662,000 |
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | ||
Current | 30,582,000 | 20,662,000 |
Loans and Leases Receivable, Gross | 30,582,000 | 20,662,000 |
90 Days Past Due & Accruing | ||
Unallocated Financing Receivables [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | ||
Unallocated Financing Receivables [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due |
Note 4 - Loans and Allowance 56
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 | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Unpaid Contractual Principal Balance | $ 62,161,000 | $ 54,521,000 | |
Recorded Investment With No Allowance | 30,199,000 | 24,678,000 | |
Recorded Investment With Allowance | 27,186,000 | 19,018,000 | |
Impaired Financing Receivable, Recorded Investment | 57,385,000 | 43,696,000 | |
Impaired Financing Receivable, Related Allowance | 1,546,000 | 680,000 | |
Impaired Financing Receivable, Average Recorded Investment | 50,541,000 | $ 25,977,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 325,000 | 351,000 | |
Consumer Portfolio Segment [Member] | |||
Unpaid Contractual Principal Balance | 2,737,000 | 2,209,000 | |
Recorded Investment With No Allowance | 2,642,000 | 2,170,000 | |
Recorded Investment With Allowance | 3,000 | 3,000 | |
Impaired Financing Receivable, Recorded Investment | 2,645,000 | 2,173,000 | |
Impaired Financing Receivable, Related Allowance | 1,000 | 1,000 | |
Impaired Financing Receivable, Average Recorded Investment | 2,409,000 | 681,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 18,000 | 16,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Unpaid Contractual Principal Balance | 230,000 | 373,000 | |
Recorded Investment With No Allowance | 230,000 | 373,000 | |
Recorded Investment With Allowance | |||
Impaired Financing Receivable, Recorded Investment | 230,000 | 373,000 | |
Impaired Financing Receivable, Related Allowance | |||
Impaired Financing Receivable, Average Recorded Investment | 302,000 | 240,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 5,000 | 10,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Unpaid Contractual Principal Balance | 2,507,000 | 1,836,000 | |
Recorded Investment With No Allowance | 2,412,000 | 1,797,000 | |
Recorded Investment With Allowance | 3,000 | 3,000 | |
Impaired Financing Receivable, Recorded Investment | 2,415,000 | 1,800,000 | |
Impaired Financing Receivable, Related Allowance | 1,000 | 1,000 | |
Impaired Financing Receivable, Average Recorded Investment | 2,107,000 | 441,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 13,000 | 6,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Unpaid Contractual Principal Balance | 42,220,000 | 38,238,000 | |
Recorded Investment With No Allowance | 21,093,000 | 18,559,000 | |
Recorded Investment With Allowance | 19,029,000 | 11,442,000 | |
Impaired Financing Receivable, Recorded Investment | 40,122,000 | 30,001,000 | |
Impaired Financing Receivable, Related Allowance | 837,000 | 417,000 | |
Impaired Financing Receivable, Average Recorded Investment | 35,062,000 | 22,783,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 224,000 | 302,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Unpaid Contractual Principal Balance | 2,943,000 | 4,275,000 | |
Recorded Investment With No Allowance | 1,697,000 | 1,038,000 | |
Recorded Investment With Allowance | 1,038,000 | 2,374,000 | |
Impaired Financing Receivable, Recorded Investment | 2,735,000 | 3,412,000 | |
Impaired Financing Receivable, Related Allowance | 156,000 | 156,000 | |
Impaired Financing Receivable, Average Recorded Investment | 3,074,000 | 4,910,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 20,000 | 65,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Unpaid Contractual Principal Balance | 13,654,000 | 12,970,000 | |
Recorded Investment With No Allowance | 11,544,000 | 10,630,000 | |
Recorded Investment With Allowance | 1,407,000 | 1,753,000 | |
Impaired Financing Receivable, Recorded Investment | 12,951,000 | 12,383,000 | |
Impaired Financing Receivable, Related Allowance | 152,000 | 162,000 | |
Impaired Financing Receivable, Average Recorded Investment | 12,667,000 | 6,628,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 81,000 | 88,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | |||
Unpaid Contractual Principal Balance | 25,623,000 | 20,993,000 | |
Recorded Investment With No Allowance | 7,852,000 | 6,891,000 | |
Recorded Investment With Allowance | 16,584,000 | 7,315,000 | |
Impaired Financing Receivable, Recorded Investment | 24,436,000 | 14,206,000 | |
Impaired Financing Receivable, Related Allowance | 529,000 | 99,000 | |
Impaired Financing Receivable, Average Recorded Investment | 19,321,000 | 11,245,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 123,000 | 149,000 | |
Commercial Portfolio Segment [Member] | |||
Unpaid Contractual Principal Balance | 17,204,000 | 14,074,000 | |
Recorded Investment With No Allowance | 6,464,000 | 3,949,000 | |
Recorded Investment With Allowance | 8,154,000 | 7,573,000 | |
Impaired Financing Receivable, Recorded Investment | 14,618,000 | 11,522,000 | |
Impaired Financing Receivable, Related Allowance | 708,000 | 262,000 | |
Impaired Financing Receivable, Average Recorded Investment | 13,070,000 | 2,513,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 83,000 | 33,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Unpaid Contractual Principal Balance | 13,848,000 | 11,848,000 | |
Recorded Investment With No Allowance | 4,226,000 | 2,734,000 | |
Recorded Investment With Allowance | 8,154,000 | 7,573,000 | |
Impaired Financing Receivable, Recorded Investment | 12,380,000 | 10,307,000 | |
Impaired Financing Receivable, Related Allowance | 708,000 | 262,000 | |
Impaired Financing Receivable, Average Recorded Investment | 11,344,000 | 2,110,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 72,000 | 28,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Unpaid Contractual Principal Balance | 3,356,000 | 2,226,000 | |
Recorded Investment With No Allowance | 2,238,000 | 1,215,000 | |
Recorded Investment With Allowance | |||
Impaired Financing Receivable, Recorded Investment | 2,238,000 | 1,215,000 | |
Impaired Financing Receivable, Related Allowance | |||
Impaired Financing Receivable, Average Recorded Investment | 1,726,000 | 403,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 11,000 | $ 5,000 |
Note 4 - Loans and Allowance 57
Note 4 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings, Excluding Loans Acquired, Segregated by Class of Loans (Details) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016 | Dec. 31, 2016USD ($) | |
Troubled debt, number | 8 | 28 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Troubled debt, number | 3 | 26 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Troubled debt, number | 2 | ||
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | |||
Troubled debt, number | 1 | ||
Commercial Portfolio Segment [Member] | |||
Troubled debt, number | 5 | 2 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Troubled debt, number | 2 | ||
Loans, Excluding Acquired Loans [Member] | |||
Troubled debt, number | 83 | 79 | |
Troubled debt, balance | $ 22,153 | $ 14,174 | |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | |||
Troubled debt, number | 1 | 1 | |
Troubled debt, balance | $ 3 | $ 3 | |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Troubled debt, number | 1 | 1 | |
Troubled debt, balance | $ 3 | $ 3 | |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Troubled debt, number | 57 | 58 | |
Troubled debt, balance | $ 19,322 | $ 12,091 | |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | |||
Troubled debt, number | 27 | 25 | |
Troubled debt, balance | $ 17,009 | $ 9,828 | |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Troubled debt, number | 1 | 1 | |
Troubled debt, balance | $ 456 | $ 18 | |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Troubled debt, number | 29 | 32 | |
Troubled debt, balance | $ 1,857 | $ 2,245 | |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | |||
Troubled debt, number | 25 | 20 | |
Troubled debt, balance | $ 2,828 | $ 2,080 | |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Troubled debt, number | 25 | 20 | |
Troubled debt, balance | $ 2,828 | $ 2,080 | |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | |||
Troubled debt, number | 41 | 41 | |
Troubled debt, balance | $ 10,833 | $ 10,998 | |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | |||
Troubled debt, number | |||
Troubled debt, balance | |||
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Troubled debt, number | |||
Troubled debt, balance | |||
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Troubled debt, number | 26 | 26 | |
Troubled debt, balance | $ 9,060 | $ 9,215 | |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | |||
Troubled debt, number | 23 | 23 | |
Troubled debt, balance | $ 8,894 | $ 9,048 | |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Troubled debt, number | |||
Troubled debt, balance | |||
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Troubled debt, number | 3 | 3 | |
Troubled debt, balance | $ 166 | $ 167 | |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | |||
Troubled debt, number | 15 | 15 | |
Troubled debt, balance | $ 1,773 | $ 1,783 | |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Troubled debt, number | 15 | 15 | |
Troubled debt, balance | $ 1,773 | $ 1,783 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Troubled debt, number | 42 | 38 | |
Troubled debt, balance | $ 11,320 | $ 3,176 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | |||
Troubled debt, number | 1 | 1 | |
Troubled debt, balance | $ 3 | $ 3 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Troubled debt, number | 1 | 1 | |
Troubled debt, balance | $ 3 | $ 3 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Troubled debt, number | 31 | 32 | |
Troubled debt, balance | $ 10,262 | $ 2,876 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | |||
Troubled debt, number | 4 | 2 | |
Troubled debt, balance | $ 8,115 | $ 780 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Troubled debt, number | 1 | 1 | |
Troubled debt, balance | $ 456 | $ 18 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Troubled debt, number | 26 | 29 | |
Troubled debt, balance | $ 1,691 | $ 2,078 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | |||
Troubled debt, number | 10 | 5 | |
Troubled debt, balance | $ 1,055 | $ 297 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Troubled debt, number | 10 | 5 | |
Troubled debt, balance | $ 1,055 | $ 297 |
Note 4 - Loans and Allowance 58
Note 4 - Loans and Allowance for Loan Losses - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | |
Number of Loans | 8 | 28 |
Balance Prior to TDR | $ 8,588 | $ 8,965 |
Balance | 8,578 | 8,917 |
Financial Impact on Date of Restructure | 33 | |
Balance | 8,578 | 8,917 |
Extended Maturity [Member] | ||
Modification | 8,578 | 8,917 |
Troubled debt, balance | $ 8,578 | $ 8,917 |
Commercial Real Estate Portfolio Segment [Member] | ||
Number of Loans | 3 | 26 |
Balance Prior to TDR | $ 7,818 | $ 8,792 |
Balance | 7,818 | 8,745 |
Financial Impact on Date of Restructure | 33 | |
Balance | 7,818 | 8,745 |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | ||
Modification | 7,818 | 8,745 |
Troubled debt, balance | $ 7,818 | $ 8,745 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | ||
Number of Loans | 1 | |
Balance Prior to TDR | $ 456 | |
Balance | 456 | |
Financial Impact on Date of Restructure | ||
Balance | 456 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | Extended Maturity [Member] | ||
Modification | 456 | |
Troubled debt, balance | $ 456 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Number of Loans | 2 | 24 |
Balance Prior to TDR | $ 7,362 | $ 8,614 |
Balance | 7,362 | 8,567 |
Financial Impact on Date of Restructure | 33 | |
Balance | 7,362 | 8,567 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Extended Maturity [Member] | ||
Modification | 7,362 | 8,567 |
Troubled debt, balance | $ 7,362 | $ 8,567 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Number of Loans | 2 | |
Balance Prior to TDR | $ 178 | |
Balance | 178 | |
Financial Impact on Date of Restructure | ||
Balance | 178 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Extended Maturity [Member] | ||
Modification | 178 | |
Troubled debt, balance | $ 178 | |
Commercial Portfolio Segment [Member] | ||
Number of Loans | 5 | 2 |
Balance Prior to TDR | $ 770 | $ 173 |
Balance | 760 | 172 |
Financial Impact on Date of Restructure | ||
Balance | 760 | 172 |
Commercial Portfolio Segment [Member] | Extended Maturity [Member] | ||
Modification | 760 | 172 |
Troubled debt, balance | $ 760 | $ 172 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Number of Loans | 2 | |
Balance Prior to TDR | $ 173 | |
Balance | 172 | |
Financial Impact on Date of Restructure | ||
Balance | 172 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Extended Maturity [Member] | ||
Modification | 172 | |
Troubled debt, balance | $ 172 |
Note 4 - Loans and Allowance 59
Note 4 - Loans and Allowance for Loan Losses - Loans by Credit Risk Rating, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | |
Financing Receivables | $ 5,777,196 | $ 5,632,890 | |
Loans acquired | [1] | 1,144,291 | 1,305,683 |
Pass [Member] | |||
Financing Receivables | 5,568,179 | 5,433,036 | |
Loans acquired | 1,064,735 | 1,217,886 | |
Special Mention [Member] | |||
Financing Receivables | 38,819 | 33,865 | |
Loans acquired | 26,098 | 22,181 | |
Substandard [Member] | |||
Financing Receivables | 168,487 | 164,251 | |
Loans acquired | 51,946 | 64,075 | |
Doubtful [Member] | |||
Financing Receivables | 1,711 | 1,715 | |
Loans acquired | 1,512 | 1,541 | |
Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | 23 | ||
Loans acquired | |||
Consumer Portfolio Segment [Member] | |||
Financing Receivables | 521,147 | 488,563 | |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivables | 518,002 | 485,575 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivables | 24 | 26 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivables | 3,121 | 2,962 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivables | |||
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Financing Receivables | 171,947 | 184,591 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Pass [Member] | |||
Financing Receivables | 171,527 | 183,943 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Special Mention [Member] | |||
Financing Receivables | |||
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Substandard [Member] | |||
Financing Receivables | 420 | 648 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Doubtful [Member] | |||
Financing Receivables | |||
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Financing Receivables | 349,200 | 303,972 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member] | |||
Financing Receivables | 346,475 | 301,632 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 24 | 26 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Substandard [Member] | |||
Financing Receivables | 2,701 | 2,314 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Doubtful [Member] | |||
Financing Receivables | |||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
Commercial Real Estate Portfolio Segment [Member] | |||
Financing Receivables | 3,282,445 | 3,028,079 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivables | 3,183,681 | 2,943,890 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivables | 11,419 | 10,996 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivables | 87,174 | 73,019 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivables | 171 | 174 | |
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Financing Receivables | 365,051 | 336,759 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||
Financing Receivables | 359,141 | 330,080 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 147 | 98 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||
Financing Receivables | 5,747 | 6,565 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | |||
Financing Receivables | 16 | 16 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Financing Receivables | 957,717 | 904,245 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Pass [Member] | |||
Financing Receivables | 927,522 | 875,603 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 3,816 | 4,024 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Substandard [Member] | |||
Financing Receivables | 26,224 | 24,460 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | |||
Financing Receivables | 155 | 158 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | |||
Financing Receivables | 1,959,677 | 1,787,075 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Pass [Member] | |||
Financing Receivables | 1,897,018 | 1,738,207 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 7,456 | 6,874 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Substandard [Member] | |||
Financing Receivables | 55,203 | 41,994 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Doubtful [Member] | |||
Financing Receivables | |||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
Commercial Portfolio Segment [Member] | |||
Financing Receivables | 798,731 | 789,903 | |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivables | 771,179 | 765,023 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivables | 1,278 | 662 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivables | 26,246 | 24,195 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivables | 28 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | 23 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Financing Receivables | 657,606 | 639,525 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | |||
Financing Receivables | 633,310 | 616,805 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 1,175 | 558 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | |||
Financing Receivables | 23,116 | 22,162 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | |||
Financing Receivables | 5 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Financing Receivables | 141,125 | 150,378 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Pass [Member] | |||
Financing Receivables | 137,869 | 148,218 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 103 | 104 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Substandard [Member] | |||
Financing Receivables | 3,130 | 2,033 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Doubtful [Member] | |||
Financing Receivables | 23 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | 23 | ||
Unallocated Financing Receivables [Member] | |||
Financing Receivables | 30,582 | 20,662 | |
Unallocated Financing Receivables [Member] | Pass [Member] | |||
Financing Receivables | 30,582 | 20,662 | |
Unallocated Financing Receivables [Member] | Special Mention [Member] | |||
Financing Receivables | |||
Unallocated Financing Receivables [Member] | Substandard [Member] | |||
Financing Receivables | |||
Unallocated Financing Receivables [Member] | Doubtful [Member] | |||
Financing Receivables | |||
Unallocated Financing Receivables [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | |||
[1] | See Note 5, Loans Acquired, for segregation of loans acquired by loan class. |
Note 4 - Loans and Allowance 60
Note 4 - Loans and Allowance for Loan Losses - Activity in the Allowance for Loan Losses, by Portfolio Segment, for the Current Year (Details) - USD ($) | 3 Months Ended | ||||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |||
Balance, beginning of period | $ 36,286,000 | ||||
Provision for loan losses | 4,307,000 | $ 2,823,000 | |||
Balance, end of period | 37,865,000 | ||||
Loans, Excluding Acquired Loans [Member] | |||||
Balance, beginning of period | 36,286,000 | [1] | 31,351,000 | ||
Provision for loan losses | 3,557,000 | [2] | 2,823,000 | ||
Charge-offs | (3,166,000) | (1,957,000) | |||
Recoveries | 1,188,000 | 464,000 | |||
Net charge-offs | (1,978,000) | (1,493,000) | |||
Balance, end of period | [1] | 37,865,000 | 32,681,000 | ||
Loans individually evaluated for impairment | 1,546,000 | 2,923,000 | $ 680,000 | ||
Loans collectively evaluated for impairment | 36,319,000 | 29,758,000 | 35,606,000 | ||
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | |||||
Balance, beginning of period | 7,739,000 | [1] | 5,985,000 | ||
Provision for loan losses | 696,000 | [2] | 1,567,000 | ||
Charge-offs | (292,000) | (476,000) | |||
Recoveries | 30,000 | 7,000 | |||
Net charge-offs | (262,000) | (469,000) | |||
Balance, end of period | [1] | 8,173,000 | 7,083,000 | ||
Loans individually evaluated for impairment | 708,000 | 101,000 | 262,000 | ||
Loans collectively evaluated for impairment | 7,465,000 | 6,982,000 | 7,477,000 | ||
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||
Balance, beginning of period | 21,817,000 | [1] | 19,522,000 | ||
Provision for loan losses | 860,000 | [2] | 520,000 | ||
Charge-offs | (656,000) | (229,000) | |||
Recoveries | 232,000 | 112,000 | |||
Net charge-offs | (424,000) | (117,000) | |||
Balance, end of period | [1] | 22,253,000 | 19,925,000 | ||
Loans individually evaluated for impairment | 837,000 | 2,811,000 | 417,000 | ||
Loans collectively evaluated for impairment | 21,416,000 | 17,114,000 | 21,400,000 | ||
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Balance, beginning of period | 3,779,000 | [1] | 3,893,000 | ||
Provision for loan losses | 758,000 | [2] | 481,000 | ||
Charge-offs | (1,044,000) | (859,000) | |||
Recoveries | 236,000 | 242,000 | |||
Net charge-offs | (808,000) | (617,000) | |||
Balance, end of period | [1] | 3,729,000 | 3,757,000 | ||
Loans individually evaluated for impairment | |||||
Loans collectively evaluated for impairment | 3,729,000 | 3,757,000 | 3,779,000 | ||
Loans, Excluding Acquired Loans [Member] | Unallocated Financing Receivables [Member] | |||||
Balance, beginning of period | 2,951,000 | [1] | 1,951,000 | ||
Provision for loan losses | 1,243,000 | [2] | 255,000 | ||
Charge-offs | (1,174,000) | (393,000) | |||
Recoveries | 690,000 | 103,000 | |||
Net charge-offs | (484,000) | (290,000) | |||
Balance, end of period | [1] | 3,710,000 | 1,916,000 | ||
Loans individually evaluated for impairment | 1,000 | 11,000 | 1,000 | ||
Loans collectively evaluated for impairment | $ 3,709,000 | $ 1,905,000 | $ 2,950,000 | ||
[1] | Allowance for loan losses at March 31, 2017 includes $435,000 allowance for loans acquired (not shown in the table above). Allowance for loan losses at December 31, 2016 and March 31, 2016 includes $954,000, allowance for loans acquired (not shown in the table above). The total allowance for loan losses at March 31, 2017 was $38,300,000 and total allowance for loan losses at December 31, 2016 and March 31, 2016 was $37,240,000 and $33,635,000, respectively. | ||||
[2] | Provision for loan losses of $750,000 attributable to loans acquired was excluded from this table for the three months ended March 31, 2017 (total provision for loan losses for the three months ended March 31, 2017 was $4,327,000). There were $1.3 million in charge-offs for acquired loans during the three months ended March 31, 2017, resulting in an ending balance in the allowance related to loans acquired of $435,000. There was no provision on acquire loans during the three months ended March 31, 2016. |
Note 4 - Loans and Allowance 61
Note 4 - Loans and Allowance for Loan Losses - Recorded Investment in Loans, Excluding Loans Acquired (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Balance, end of period | $ 5,777,196 | $ 5,632,890 |
Commercial Portfolio Segment [Member] | ||
Balance, end of period | 798,731 | 789,903 |
Commercial Real Estate Portfolio Segment [Member] | ||
Balance, end of period | 3,282,445 | 3,028,079 |
Consumer Portfolio Segment [Member] | ||
Balance, end of period | 521,147 | 488,563 |
Unallocated Financing Receivables [Member] | ||
Balance, end of period | 30,582 | 20,662 |
Loans, Excluding Acquired Loans [Member] | ||
Loans individually evaluated for impairment | 57,385 | 43,696 |
Loans collectively evaluated for impairment | 4,575,520 | 4,283,511 |
Balance, end of period | 4,632,905 | 4,327,207 |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 14,618 | 11,522 |
Loans collectively evaluated for impairment | 784,113 | 778,381 |
Balance, end of period | 798,731 | 789,903 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 40,122 | 30,001 |
Loans collectively evaluated for impairment | 3,242,323 | 2,998,078 |
Balance, end of period | 3,282,445 | 3,028,079 |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 230 | 373 |
Loans collectively evaluated for impairment | 171,717 | 184,218 |
Balance, end of period | 171,947 | 184,591 |
Loans, Excluding Acquired Loans [Member] | Unallocated Financing Receivables [Member] | ||
Loans individually evaluated for impairment | 2,415 | 1,800 |
Loans collectively evaluated for impairment | 377,367 | 322,834 |
Balance, end of period | $ 379,782 | $ 324,634 |
Note 5 - Loans Acquired (Detail
Note 5 - Loans Acquired (Details Textual) - USD ($) | 3 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Sep. 30, 2016 | |
Covered Purchased Impaired Loans Allowance | $ 435,000 | $ 954,000 | ||
Provision for Loan and Lease Losses | 4,307,000 | $ 2,823,000 | ||
Acquired Loans [Member] | ||||
Non Covered Impaired Loans Allowance Reclassified | 435,000 | $ 954,000 | ||
Provision for Loan and Lease Losses | $ 750,000 | $ 0 | ||
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 |
Note 5 - Loans Acquired - Carry
Note 5 - Loans Acquired - Carrying Value of all Acquired Impaired Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | |
Other consumer | [1] | $ 1,144,291 | $ 1,305,683 |
Consumer Portfolio Segment [Member] | |||
Other consumer | 39,497 | 49,677 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Other consumer | 1,027,387 | 1,170,871 | |
Commercial Portfolio Segment [Member] | |||
Other consumer | 77,407 | 85,135 | |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Other consumer | 39,497 | 49,677 | |
Other Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Other consumer | 599,506 | 690,108 | |
Construction Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Other consumer | 47,894 | 57,587 | |
Single Family Residential Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Other consumer | 379,987 | 423,176 | |
Commercial Loans [Member] | Commercial Portfolio Segment [Member] | |||
Other consumer | 74,851 | 81,837 | |
Agricultural Loans [Member] | Commercial Portfolio Segment [Member] | |||
Other consumer | $ 2,556 | $ 3,298 | |
[1] | Loans acquired are reported net of a $435,000 and $954,000 allowance at March 31, 2017 and December 31, 2016, respectively. |
Note 5 - Loans Acquired - Nonac
Note 5 - Loans Acquired - Nonaccrual Acquired Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans in nonaccrual status | $ 52,913 | $ 39,104 |
Acquired Loans [Member] | ||
Loans in nonaccrual status | 31,331 | 46,832 |
Consumer Portfolio Segment [Member] | ||
Loans in nonaccrual status | 2,645 | 2,166 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 2,415 | 1,793 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 261 | 456 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 261 | 456 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans in nonaccrual status | 38,038 | 27,935 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 2,735 | 3,411 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 12,676 | 12,139 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 22,627 | 12,385 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 28,703 | 43,372 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 2,084 | 7,961 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 12,966 | 13,366 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 13,653 | 22,045 |
Commercial Portfolio Segment [Member] | ||
Loans in nonaccrual status | 12,230 | 9,003 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 9,992 | 7,765 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | 2,238 | 1,238 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 2,367 | 3,004 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 2,169 | 2,806 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | $ 198 | $ 198 |
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 ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable, Gross | $ 5,777,000,000 | $ 5,633,000,000 |
Acquired Loans [Member] | ||
Past Due | 41,421,000 | 37,940,000 |
Current | 1,102,870,000 | 1,267,743,000 |
Loans and Leases Receivable, Gross | 1,144,291,000 | 1,305,683,000 |
90 Days Past Due & Accruing | 11,000 | |
Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 6,994,000 | 12,668,000 |
Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 34,427,000 | 25,272,000 |
Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 521,147,000 | 488,563,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable, Gross | 349,200,000 | 303,972,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 7,227,000 | 760,000 |
Current | 32,270,000 | 48,917,000 |
Loans and Leases Receivable, Gross | 39,497,000 | 49,677,000 |
90 Days Past Due & Accruing | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 486,000 | 571,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 6,741,000 | 189,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Past Due | 7,227,000 | 760,000 |
Current | 32,270,000 | 48,917,000 |
Loans and Leases Receivable, Gross | 39,497,000 | 49,677,000 |
90 Days Past Due & Accruing | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 486,000 | 571,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 6,741,000 | 189,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 3,282,445,000 | 3,028,079,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable, Gross | 365,051,000 | 336,759,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans and Leases Receivable, Gross | 957,717,000 | 904,245,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 31,786,000 | 34,256,000 |
Current | 995,601,000 | 1,136,615,000 |
Loans and Leases Receivable, Gross | 1,027,387,000 | 1,170,871,000 |
90 Days Past Due & Accruing | 11,000 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 5,769,000 | 11,326,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 26,017,000 | 22,930,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Past Due | 9,922,000 | 13,577,000 |
Current | 589,584,000 | 676,531,000 |
Loans and Leases Receivable, Gross | 599,506,000 | 690,108,000 |
90 Days Past Due & Accruing | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 716,000 | 2,836,000 |
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 | 9,206,000 | 10,741,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Past Due | 1,764,000 | 7,464,000 |
Current | 46,130,000 | 50,123,000 |
Loans and Leases Receivable, Gross | 47,894,000 | 57,587,000 |
90 Days Past Due & Accruing | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 305,000 | 132,000 |
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 | 1,459,000 | 7,332,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Past Due | 20,100,000 | 13,215,000 |
Current | 359,887,000 | 409,961,000 |
Loans and Leases Receivable, Gross | 379,987,000 | 423,176,000 |
90 Days Past Due & Accruing | 11,000 | |
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 | 4,748,000 | 8,358,000 |
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 | 15,352,000 | 4,857,000 |
Commercial Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | 798,731,000 | 789,903,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans and Leases Receivable, Gross | 657,606,000 | 639,525,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans and Leases Receivable, Gross | 141,125,000 | 150,378,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 2,408,000 | 2,924,000 |
Current | 74,999,000 | 82,211,000 |
Loans and Leases Receivable, Gross | 77,407,000 | 85,135,000 |
90 Days Past Due & Accruing | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 739,000 | 771,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 1,669,000 | 2,153,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Past Due | 2,378,000 | 2,876,000 |
Current | 72,473,000 | 78,961,000 |
Loans and Leases Receivable, Gross | 74,851,000 | 81,837,000 |
90 Days Past Due & Accruing | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 717,000 | 723,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 1,661,000 | 2,153,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Past Due | 30,000 | 48,000 |
Current | 2,526,000 | 3,250,000 |
Loans and Leases Receivable, Gross | 2,556,000 | 3,298,000 |
90 Days Past Due & Accruing | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 22,000 | 48,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | $ 8,000 |
Note 5 - Loans Acquired - Summa
Note 5 - Loans Acquired - Summary of Acquired Loans, Excluding Loans Covered by Loss Share (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Acquired loans | $ 5,777,196 | $ 5,632,890 |
Pass [Member] | ||
Acquired loans | 5,568,179 | 5,433,036 |
Special Mention [Member] | ||
Acquired loans | 38,819 | 33,865 |
Substandard [Member] | ||
Acquired loans | 168,487 | 164,251 |
Doubtful [Member] | ||
Acquired loans | 1,711 | 1,715 |
Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | 23 | |
Acquired Loans [Member] | ||
Acquired loans | 1,144,291 | 1,305,683 |
Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 1,064,735 | 1,217,886 |
Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | 26,098 | 22,181 |
Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | 51,946 | 64,075 |
Acquired Loans [Member] | Doubtful [Member] | ||
Acquired loans | 1,512 | 1,541 |
Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | ||
Acquired loans | 521,147 | 488,563 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Acquired loans | 518,002 | 485,575 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Acquired loans | 24 | 26 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Acquired loans | 3,121 | 2,962 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Acquired loans | 349,200 | 303,972 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member] | ||
Acquired loans | 346,475 | 301,632 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Special Mention [Member] | ||
Acquired loans | 24 | 26 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Substandard [Member] | ||
Acquired loans | 2,701 | 2,314 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Doubtful [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Acquired loans | 39,497 | 49,677 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 39,077 | 48,992 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | 12 | 14 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | 408 | 671 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Acquired loans | 39,497 | 49,677 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Pass [Member] | ||
Acquired loans | 39,077 | 48,992 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Special Mention [Member] | ||
Acquired loans | 12 | 14 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Substandard [Member] | ||
Acquired loans | 408 | 671 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Doubtful [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | ||
Acquired loans | 3,282,445 | 3,028,079 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Acquired loans | 3,183,681 | 2,943,890 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Acquired loans | 11,419 | 10,996 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Acquired loans | 87,174 | 73,019 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | ||
Acquired loans | 171 | 174 |
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Acquired loans | 365,051 | 336,759 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Acquired loans | 359,141 | 330,080 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Acquired loans | 147 | 98 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Acquired loans | 5,747 | 6,565 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Acquired loans | 16 | 16 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Acquired loans | 957,717 | 904,245 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Pass [Member] | ||
Acquired loans | 927,522 | 875,603 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | ||
Acquired loans | 3,816 | 4,024 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Substandard [Member] | ||
Acquired loans | 26,224 | 24,460 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | ||
Acquired loans | 155 | 158 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Acquired loans | 1,027,387 | 1,170,871 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 960,086 | 1,092,275 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | 20,825 | 20,168 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | 44,964 | 56,893 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Acquired loans | 1,512 | 1,535 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Acquired loans | 599,506 | 690,108 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Pass [Member] | ||
Acquired loans | 559,201 | 641,018 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Special Mention [Member] | ||
Acquired loans | 16,997 | 17,384 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Substandard [Member] | ||
Acquired loans | 23,308 | 31,706 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Doubtful [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Acquired loans | 47,894 | 57,587 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Pass [Member] | ||
Acquired loans | 43,176 | 50,704 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Acquired loans | 1,783 | 88 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Substandard [Member] | ||
Acquired loans | 2,935 | 6,795 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Acquired loans | 379,987 | 423,176 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Pass [Member] | ||
Acquired loans | 357,709 | 400,553 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | ||
Acquired loans | 2,045 | 2,696 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Substandard [Member] | ||
Acquired loans | 18,721 | 18,392 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | ||
Acquired loans | 1,512 | 1,535 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Portfolio Segment [Member] | ||
Acquired loans | 798,731 | 789,903 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Acquired loans | 771,179 | 765,023 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Acquired loans | 1,278 | 662 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Acquired loans | 26,246 | 24,195 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Acquired loans | 28 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | 23 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Acquired loans | 657,606 | 639,525 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | ||
Acquired loans | 633,310 | 616,805 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Acquired loans | 1,175 | 558 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Acquired loans | 23,116 | 22,162 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Acquired loans | 5 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Acquired loans | 141,125 | 150,378 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Pass [Member] | ||
Acquired loans | 137,869 | 148,218 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Special Mention [Member] | ||
Acquired loans | 103 | 104 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Substandard [Member] | ||
Acquired loans | 3,130 | 2,033 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Doubtful [Member] | ||
Acquired loans | 23 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | 23 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Acquired loans | 77,407 | 85,135 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 65,572 | 76,619 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | 5,261 | 1,999 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | 6,574 | 6,511 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Acquired loans | 6 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Acquired loans | 74,851 | 81,837 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Pass [Member] | ||
Acquired loans | 63,303 | 73,609 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Acquired loans | 5,228 | 1,965 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Acquired loans | 6,320 | 6,257 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Acquired loans | 6 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Acquired loans | 2,556 | 3,298 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Pass [Member] | ||
Acquired loans | 2,269 | 3,010 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Special Mention [Member] | ||
Acquired loans | 33 | 34 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Substandard [Member] | ||
Acquired loans | 254 | 254 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Doubtful [Member] | ||
Acquired loans | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans |
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 | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Impact on net interest income and pre-tax income | $ 1,184 | $ 1,095 |
Impact, net of taxes | $ 720 | $ 665 |
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 | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Beginning balance | $ 1,655 | $ 954 |
Beginning balance | 17,802 | 23,469 |
Additions | ||
Additions | ||
Accretable yield adjustments | 1,228 | 2,432 |
Accretion | (1,666) | (1,352) |
Accretion | 1,666 | 1,352 |
Payments and other reductions, net | ||
Payments and other reductions, net | (10,773) | (3,562) |
Balance, ending | 1,217 | 2,034 |
Balance, ending | $ 8,695 | $ 21,259 |
Note 6 - Goodwill and Other I69
Note 6 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Dec. 31, 2016 | Sep. 09, 2016 | |
Goodwill | $ 350,035,000 | $ 348,505,000 | |
Citizens National Bank [Member] | |||
Goodwill | $ 23,025,000 | ||
Finite-lived Intangible Assets Acquired | 591,000 | ||
Citizens National Bank [Member] | Minimum [Member] | |||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
Citizens National Bank [Member] | Maximum [Member] | |||
Finite-Lived Intangible Asset, Useful Life | 15 years | ||
Citizens National Bank [Member] | Core Deposit Premium [Member] | |||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
Finite-lived Intangible Assets Acquired | $ 5,100,000 |
Note 6 - Goodwill and Other I70
Note 6 - Goodwill and Other Intangible Assets - Goodwill, Core Deposit Premiums and Purchased Credit Card Relationships (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Goodwill | $ 350,035 | $ 348,505 |
Core deposit premiums, net | 51,408 | |
Total goodwill and other intangible assets | 401,443 | 401,464 |
Core Deposit Premium [Member] | ||
Gross carrying amount | 48,692 | 48,692 |
Accumulated amortization | (11,791) | (10,625) |
Core deposit premiums, net | 36,901 | 38,067 |
Purchased Credit Card Relationships [Member] | ||
Gross carrying amount | 2,068 | 2,068 |
Accumulated amortization | (1,448) | (1,344) |
Core deposit premiums, net | 620 | 724 |
Books of Business Intangible [Member] | ||
Gross carrying amount | 15,884 | 15,884 |
Accumulated amortization | (1,997) | (1,716) |
Core deposit premiums, net | 13,887 | 14,168 |
Other Intangible Assets [Member] | ||
Core deposit premiums, net | $ 51,408 | $ 52,959 |
Note 6 - Goodwill and Other I71
Note 6 - Goodwill and Other Intangible Assets - Amortization Expense (Details) $ in Thousands | Mar. 31, 2017USD ($) |
Remainder of 2017 | $ 4,652 |
2,018 | 6,099 |
2,019 | 5,789 |
2,020 | 5,776 |
2,021 | 5,715 |
Thereafter | 23,377 |
Total | $ 51,408 |
Note 7 - Time Deposits (Details
Note 7 - Time Deposits (Details Textual) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Time Deposits, $100,000 or More | $ 592,345,000 | $ 600,280,000 |
Time Deposits, at or Above FDIC Insurance Limit | $ 214,130,000 | $ 193,596,000 |
Note 8 - Income Taxes (Details
Note 8 - Income Taxes (Details Textual) $ in Millions | 3 Months Ended |
Mar. 31, 2017USD ($) | |
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 | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income taxes currently payable | $ 6,601 | $ 11,510 |
Deferred income taxes | 3,090 | 108 |
Provision for income taxes | $ 9,691 | $ 11,618 |
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 | Mar. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets: | ||
Loans acquired | $ 6,021 | $ 7,986 |
Allowance for loan losses | 15,175 | 14,754 |
Valuation of foreclosed assets | 3,958 | 3,958 |
Tax NOLs from acquisition | 12,970 | 13,077 |
Deferred compensation payable | 2,782 | 2,785 |
Vacation compensation | 1,883 | 1,740 |
Accrued equity and other compensation | 4,654 | 6,367 |
Acquired securities | 1,098 | 1,098 |
Other accrued liabilities | 1,834 | 1,834 |
Unrealized loss on available-for-sale securities | 8,890 | 9,559 |
Other | 5,201 | 5,267 |
Gross deferred tax assets | 64,466 | 68,425 |
Deferred tax liabilities: | ||
Goodwill and other intangible amortization | (29,382) | (29,601) |
Accumulated depreciation | (5,370) | (5,370) |
Other | (5,895) | (5,877) |
Gross deferred tax liabilities | (40,647) | (40,848) |
Net deferred tax asset, included in other assets | $ 23,819 | $ 27,577 |
Note 8 - Income Taxes - Reconci
Note 8 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Computed at the statutory rate (35%) | $ 11,134 | $ 12,293 |
State income taxes, net of federal tax benefit | 539 | 641 |
Discrete items related to ASU 2016-09 | (1,082) | |
Tax exempt interest income | (1,071) | (1,135) |
Tax exempt earnings on BOLI | (218) | (296) |
Federal tax credits | (26) | |
Other differences, net | 389 | 141 |
Provision for income taxes | $ 9,691 | $ 11,618 |
Note 8 - Income Taxes - Recon77
Note 8 - Income Taxes - Reconciliation of Income Tax Expense (Details) (Parentheticals) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Statutory rate | 35.00% | 35.00% |
Note 9 - Securities Sold Unde78
Note 9 - Securities Sold Under Agreements to Repurchase (Details Textual) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | $ 98 | $ 102.4 |
Note 9 - Securities Sold Unde79
Note 9 - Securities Sold Under Agreements to Repurchase - Contractual Maturity of the Agreements (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | $ 98,000 | $ 102,400 |
US Government Agencies Debt Securities [Member] | ||
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | 97,982 | 102,404 |
Maturity Overnight [Member] | US Government Agencies Debt Securities [Member] | ||
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | 97,982 | 101,647 |
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 |
Note 10 - Other Borrowings an80
Note 10 - Other Borrowings and Subordinated Debentures (Details Textual) $ in Millions | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | $ 355 |
Advances from Federal Home Loan Banks | 394.3 |
Advances from Federal Home Loan Bank Available | 1,400 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 1,900 |
Federal Home Loan Bank Advances [Member] | |
Debt Instrument, Term | 1 year |
Note 10 - Other Borrowings an81
Note 10 - Other Borrowings and Subordinated Debentures - Long-term Debt (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Total other borrowings | $ 441,074 | $ 273,159 |
Subordinated Debentures | 60,503 | 60,397 |
Total other borrowings and subordinated debentures | 501,577 | 333,556 |
Federal Home Loan Bank Advances [Member] | ||
FHLB advances, net of discount, due 2017 to 2033, 0.65% to 7.37% secured by residential real estate loans | 394,261 | 225,230 |
Note Payable Due 10/15/2020 [Member] | ||
Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured | 46,813 | 47,929 |
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 | 9,251 | 9,225 |
Trust Preferred Securities Due 9/15/2037 [Member] | ||
Subordinated Debentures | 10,168 | 10,130 |
Trust Preferred Securities Due 12/3/2033 [Member] | ||
Subordinated Debentures | 5,160 | 5,161 |
Trust Preferred Securities Due 12/13/2034 [Member] | ||
Subordinated Debentures | 5,116 | 5,105 |
Trust Preferred Securities, Due 6/6/2037 [Member] | ||
Subordinated Debentures | $ 10,188 | $ 10,156 |
Note 10 - Other Borrowings an82
Note 10 - Other Borrowings and Subordinated Debentures - Long-term Debt (Details) (Parentheticals) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Federal Home Loan Bank Advances [Member] | Minimum [Member] | ||
Fixed rate | 0.65% | 0.65% |
Federal Home Loan Bank Advances [Member] | Maximum [Member] | ||
Fixed rate | 7.37% | 7.37% |
Note Payable Due 10/15/2020 [Member] | ||
Fixed rate | 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 an83
Note 10 - Other Borrowings and Subordinated Debentures - Aggregate Annual Maturities of Long-term Debt (Details) $ in Thousands | Mar. 31, 2017USD ($) |
2,017 | $ 6,762 |
2,018 | 23,941 |
2,019 | 7,670 |
2,020 | 36,424 |
2,021 | 2,333 |
Thereafter | 69,447 |
Total | $ 146,577 |
Note 12 - Common Stock (Details
Note 12 - Common Stock (Details Textual) - USD ($) $ in Billions | Mar. 04, 2014 | Jul. 23, 2012 |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 850,000 | |
Percent of Outstanding Stock | 5.00% | |
Shelf Registration Statement Max Capital Allowed to Raise | $ 0.3 |
Note 13 - Undivided Profits (De
Note 13 - Undivided Profits (Details Textual) $ in Millions | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Threshold Percentage of Net Profits Exceeded by Dividends Declared, Any Calendar Year | 75.00% |
Threshold Percentage of Net Profits Exceeded by Dividends Declared, Combined with Preceding Year | 75.00% |
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval | $ 1.3 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% |
Common Equity Tier 1 Ratio Required To Be Well Capitalized | 6.50% |
Capital Conservation Buffer Phase In Amount | 0.625% |
Capital Conservation Buffer Phase In Period | 4 years |
Capital Conservation Buffer | 2.50% |
Capital to Risk Weighted Assets | 12.81% |
Note 14 - Stock Based Compens86
Note 14 - Stock Based Compensation (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Allocated Share-based Compensation Expense | $ 2,599,000 | $ 1,215,000 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 537,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 14,005,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 182 days | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 5,375,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 4,302,000 | |
Share Price | $ 55.15 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 414,000 | $ 220,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 11.64 |
Note 14 - Stock Based Compens87
Note 14 - Stock Based Compensation - Stock Compensation Plans (Details) shares in Thousands | 3 Months Ended |
Mar. 31, 2017$ / sharesshares | |
Stock Options Outstanding Number of Shares, Balance (in shares) | shares | 473 |
Stock Options Outstanding Weighted Average Exercise Price, Balance (in dollars per share) | $ / shares | $ 42.85 |
Stock Options Outstanding Number of Shares, Granted (in shares) | shares | |
Stock Options Outstanding Weighted Average Exercise Price, Granted (in dollars per share) | $ / shares | |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | shares | (22) |
Stock Options Outstanding Weighted Average Exercise Price, Stock Options Exercised (in dollars per share) | $ / shares | $ 36.63 |
Stock Options Outstanding Number of Shares, Forfeited/Expired (in shares) | shares | (3) |
Stock Options Outstanding Weighted Average Exercise Price, Forfeited/Expired (in dollars per share) | $ / shares | $ 45.50 |
Stock Options Outstanding Number of Shares, Balance (in shares) | shares | 448 |
Stock Options Outstanding Weighted Average Exercise Price, Balance (in dollars per share) | $ / shares | $ 43.15 |
Stock Options Outstanding Number of Shares, Exercisable (in shares) | shares | 338 |
Stock Options Outstanding Weighted Average Exercise Price,Exercisable (in dollars per share) | $ / shares | $ 42.44 |
Restricted Stock [Member] | |
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | shares | 139 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ / shares | $ 40.96 |
Stock Awards/Units Outstanding Number of Shares, Granted (in shares) | shares | |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Granted (in dollars per share) | $ / shares | |
Stock Awards/Units Outstanding Number of Shares, Vested (in shares) | shares | (24) |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Vested (in dollars per share) | $ / shares | $ 33.89 |
Stock Awards/Units Outstanding Number of Shares, Forfeited/Expired (in shares) | shares | (6) |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Forfeited/Expired (in dollars per share) | $ / shares | $ 45.19 |
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | shares | 109 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ / shares | $ 42.32 |
Stock Units [Member] | |
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | shares | 113 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ / shares | $ 45.40 |
Stock Awards/Units Outstanding Number of Shares, Granted (in shares) | shares | 156 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Granted (in dollars per share) | $ / shares | $ 59.18 |
Stock Awards/Units Outstanding Number of Shares, Vested (in shares) | shares | (102) |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Vested (in dollars per share) | $ / shares | $ 52.53 |
Stock Awards/Units Outstanding Number of Shares, Forfeited/Expired (in shares) | shares | (4) |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Forfeited/Expired (in dollars per share) | $ / shares | $ 50.94 |
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | shares | 163 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ / shares | $ 54.01 |
Note 14 - Stock Based Compens88
Note 14 - Stock Based Compensation - Stock Options Outstanding by Range of Exercise Prices (Details) | 3 Months Ended |
Mar. 31, 2017$ / 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 | 447,870 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 208 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 43.15 |
Options exercisable, number of shares (in shares) | shares | 338,454 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 42.44 |
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 | 11,350 |
Options outstanding, weighted average remaining contractual life (Year) | 4 years 160 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 20.05 |
Options exercisable, number of shares (in shares) | shares | 9,050 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 19.84 |
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 | 2,000 |
Options outstanding, weighted average remaining contractual life (Year) | 2 years 292 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 21.51 |
Options exercisable, number of shares (in shares) | shares | 2,000 |
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 | 12,200 |
Options outstanding, weighted average remaining contractual life (Year) | 58 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 28.42 |
Options exercisable, number of shares (in shares) | shares | 12,200 |
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 | 22,580 |
Options outstanding, weighted average remaining contractual life (Year) | 1 year 47 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 30.31 |
Options exercisable, number of shares (in shares) | shares | 22,580 |
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 | 40,490 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 273 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 40.57 |
Options exercisable, number of shares (in shares) | shares | 40,490 |
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 | 1,500 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 229 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 40.72 |
Options exercisable, number of shares (in shares) | shares | 600 |
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 | 49,870 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 357 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 44.40 |
Options exercisable, number of shares (in shares) | shares | 37,144 |
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 | 246,485 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 131 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 45.50 |
Options exercisable, number of shares (in shares) | shares | 190,907 |
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 | 58,090 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 182 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 47.02 |
Options exercisable, number of shares (in shares) | shares | 20,838 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 47.02 |
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 | 3,305 |
Options outstanding, weighted average remaining contractual life (Year) | 8 years 167 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 48.13 |
Options exercisable, number of shares (in shares) | shares | 2,645 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 48.13 |
Note 14 - Stock Based Compens89
Note 14 - Stock Based Compensation - Weighted-Average Fair Value Assumptions (Details) | 3 Months Ended |
Mar. 31, 2017 | |
Expected dividend yield | 1.96% |
Expected stock price volatility | 27.34% |
Risk-free interest rate | 2.01% |
Expected life of options (Year) | 7 years |
Note 15 - Additional Cash Flo90
Note 15 - Additional Cash Flow Information - Additional Cash Flow Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Interest paid | $ 6,160 | $ 5,326 |
Income taxes paid | 23 | 5,991 |
Transfers of Loans Not Covered by FDIC Loss Share to Foreclosed Assets Held-for-sale [Member] | ||
Transfers to foreclosed assets | 2,044 | 2,074 |
Transfers of Premises and Equipment to Premises Held for Sale [Member] | ||
Transfers of premises and equipment to premises held for sale | $ 1,441 |
Note 16 - Other Operating Exp91
Note 16 - Other Operating Expenses - Other Operating Expenses (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Professional services | $ 5,169 | $ 3,501 |
Postage | 1,131 | 1,235 |
Telephone | 1,078 | 1,060 |
Credit card expense | 2,837 | 2,830 |
Marketing | 1,364 | 973 |
Operating supplies | 355 | 358 |
Amortization of intangibles | 1,550 | 1,455 |
Branch right sizing expense | 118 | 14 |
Other expense | 6,285 | 4,965 |
Total other operating expenses | $ 19,887 | $ 16,391 |
Note 18 - Commitments and Cre92
Note 18 - Commitments and Credit Risk (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | |
Letters of Credit Outstanding, Amount | $ 28,775,000 | $ 29,362,000 |
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 | |
Credit Card Commitments to Extend Credit [Member] | ||
Commitments and Contingencies | $ 571,118,000 | 562,527,000 |
Other Loan Commitments to Extend Credit [Member] | ||
Commitments and Contingencies | $ 1,740,541,000 | $ 1,220,137,000 |
Note 19 - Preferred Stock (Deta
Note 19 - Preferred Stock (Details Textual) - Series A Preferred Stock [Member] - shares | Feb. 19, 2016 | Feb. 27, 2015 | Feb. 18, 2016 |
Preferred Stock, Dividend Rate, Percentage | 9.00% | 1.00% | |
Community First Bancshares Inc [Member] | |||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 30,852 |
Note 20 - Fair Value Measurem94
Note 20 - Fair Value Measurements (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | |
Real Estate Acquired Through Foreclosure | $ 26,421,000 | $ 26,895,000 |
Impaired Financing Receivable, Related Allowance | 1,546,000 | 680,000 |
Collateral Dependent Loans [Member] | ||
Impaired Financing Receivable, Related Allowance | $ 34,000 | 2,384,000 |
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 | $ 26,400,000 | $ 26,900,000 |
Special Mention Or Worse [Member] | ||
Collateral Dependent Loans Amount At Which All Loans Are Tested | $ 1,500,000 |
Note 20 - Fair Value Measurem95
Note 20 - Fair Value Measurements - Fair Value of Financial Assets Measure on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Estimated Fair Value | $ 1,257,813 | $ 1,157,354 |
Assets held in trading accounts | 55 | 41 |
Fair Value, Measurements, Recurring [Member] | ||
Assets held in trading accounts | 55 | 41 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets held in trading accounts | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets held in trading accounts | 55 | 41 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets held in trading accounts | ||
US Government Agencies Debt Securities [Member] | ||
Estimated Fair Value | 142,356 | 137,771 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Estimated Fair Value | 142,356 | 137,771 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Estimated Fair Value | ||
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated Fair Value | 142,356 | 137,771 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Estimated Fair Value | ||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Estimated Fair Value | 927,277 | 868,324 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Estimated Fair Value | 927,277 | 868,324 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Estimated Fair Value | ||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated Fair Value | 927,277 | 868,324 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Estimated Fair Value | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Estimated Fair Value | 130,747 | 102,943 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Estimated Fair Value | 130,747 | 102,943 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Estimated Fair Value | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated Fair Value | 130,747 | 102,943 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Estimated Fair Value | ||
Other Securities [Member] | ||
Estimated Fair Value | 57,433 | 48,016 |
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Other securities | 57,433 | 48,016 |
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 | 57,433 | 48,016 |
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Other securities | ||
US Treasury Securities [Member] | ||
Estimated Fair Value | 300 | |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Estimated Fair Value | 300 | |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Estimated Fair Value | 300 | |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated Fair Value | ||
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Estimated Fair Value |
Note 20 - Fair Value Measurem96
Note 20 - Fair Value Measurements - Fair Value of Financial Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | |
Impaired loans (1) (2) (collateral dependent) | [1],[2] | $ 414 | $ 17,154 |
Foreclosed Assets [Member] | |||
Foreclosed assets held for sale (1) | [2] | 2,517 | 17,806 |
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] | 414 | 17,154 |
Fair Value, Inputs, Level 3 [Member] | Foreclosed Assets [Member] | |||
Foreclosed assets held for sale (1) | [2] | $ 2,517 | $ 17,806 |
[1] | Specific allocations of $34,000 and $2,384,000 were related to the impaired collateral dependent loans for which fair value re-measurements took place during the periods ended March 31, 2017 and December 31, 2016, respectively. | ||
[2] | These amounts represent the resulting carrying amounts on the Consolidated Balance Sheets for impaired collateral dependent loans and foreclosed assets held for sale for which fair value re-measurements took place during the period. |
Note 20 - Fair Value Measurem97
Note 20 - Fair Value Measurements - Estimated Fair Values and Related Carrying Amounts of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Estimated Fair Value | $ 435,701 | $ 465,960 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 305,281 | 285,659 |
Interest bearing balances due from banks - time | 4,563 | 4,563 |
Estimated Fair Value | 431,176 | 462,096 |
Mortgage loans held for sale | 9,754 | 27,788 |
Interest receivable | 26,089 | 27,788 |
Federal funds purchased and securities sold under agreements to repurchase | 110,007 | 115,029 |
Other borrowings | 441,074 | 273,159 |
Subordinated debentures | 60,503 | 60,397 |
Interest payable | 1,555 | 1,668 |
Reported Value Measurement [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Deposits | 1,554,675 | 1,491,676 |
Reported Value Measurement [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Deposits | 3,987,730 | 3,956,483 |
Reported Value Measurement [Member] | Time Deposits [Member] | ||
Deposits | 1,245,883 | 1,287,060 |
Reported Value Measurement [Member] | Legacy Loans [Member] | ||
Legacy loans (net of allowance) | 4,595,040 | 4,290,921 |
Reported Value Measurement [Member] | Acquired Loans [Member] | ||
Legacy loans (net of allowance) | 1,144,291 | 1,305,683 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 305,281 | 285,659 |
Interest bearing balances due from banks - time | 4,563 | 4,563 |
Estimated Fair Value | 435,701 | 465,960 |
Mortgage loans held for sale | 9,754 | 27,788 |
Interest receivable | 26,089 | 27,788 |
Federal funds purchased and securities sold under agreements to repurchase | 110,007 | 115,029 |
Other borrowings | 457,458 | 292,367 |
Subordinated debentures | 55,385 | 55,318 |
Interest payable | 1,555 | 1,668 |
Estimate of Fair Value Measurement [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Deposits | 1,554,675 | 1,491,676 |
Estimate of Fair Value Measurement [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Deposits | 3,987,730 | 3,956,483 |
Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Deposits | 1,237,610 | 1,278,339 |
Estimate of Fair Value Measurement [Member] | Legacy Loans [Member] | ||
Legacy loans (net of allowance) | 4,590,722 | 4,305,165 |
Estimate of Fair Value Measurement [Member] | Acquired Loans [Member] | ||
Legacy loans (net of allowance) | 1,143,216 | 1,310,017 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 305,281 | 285,659 |
Interest bearing balances due from banks - time | ||
Estimated Fair Value | ||
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 | 4,563 |
Estimated Fair Value | 435,701 | 465,960 |
Mortgage loans held for sale | ||
Interest receivable | 26,089 | 27,788 |
Federal funds purchased and securities sold under agreements to repurchase | 110,007 | 115,029 |
Other borrowings | 457,458 | 292,367 |
Subordinated debentures | 55,385 | 55,318 |
Interest payable | 1,555 | 1,668 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Deposits | 1,554,675 | 1,491,676 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Deposits | 3,987,730 | 3,956,483 |
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 | ||
Estimated Fair Value | ||
Mortgage loans held for sale | 9,754 | 27,788 |
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 | 1,237,610 | 1,278,339 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Legacy Loans [Member] | ||
Legacy loans (net of allowance) | 4,590,722 | 4,305,165 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Acquired Loans [Member] | ||
Legacy loans (net of allowance) | $ 1,143,216 | $ 1,310,017 |