Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Feb. 12, 2018 | Jun. 30, 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) | 92,203,928 | ||
Entity Public Float | $ 1,603,088,900 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and non-interest bearing balances due from banks | $ 205,025 | $ 117,007 |
Interest bearing balances due from banks and federal funds sold | 393,017 | 168,652 |
Cash and cash equivalents | 598,042 | 285,659 |
Interest bearing balances due from banks – time | 3,314 | 4,563 |
Investment securities: | ||
Held-to-maturity | 368,058 | 462,096 |
Available-for-sale | 1,589,517 | 1,157,354 |
Total investments | 1,957,575 | 1,619,450 |
Mortgage loans held for sale | 24,038 | 27,788 |
Assets held in trading accounts | 41 | |
Other assets held for sale | 165,780 | |
Loans: | ||
Legacy loans | 5,705,609 | 4,327,207 |
Allowance for loan losses | (41,668) | (36,286) |
Loans acquired, net of discount and allowance | 5,074,076 | 1,305,683 |
Net loans | 10,738,017 | 5,596,604 |
Premises and equipment | 287,249 | 199,359 |
Premises held for sale | 6,052 | |
Foreclosed assets and other real estate owned | 32,118 | 26,895 |
Interest receivable | 43,528 | 27,788 |
Bank owned life insurance | 185,984 | 138,620 |
Goodwill | 842,651 | 348,505 |
Other intangible assets | 106,071 | 52,959 |
Other assets | 71,439 | 65,773 |
Total assets | 15,055,806 | 8,400,056 |
Deposits: | ||
Non-interest bearing transaction accounts | 2,665,249 | 1,491,676 |
Interest bearing transaction accounts and savings deposits | 6,494,896 | 3,956,483 |
Time deposits | 1,932,730 | 1,287,060 |
Total deposits | 11,092,875 | 6,735,219 |
Federal funds purchased and securities sold under agreements to repurchase | 122,444 | 115,029 |
Other borrowings | 1,380,024 | 273,159 |
Subordinated debentures | 140,565 | 60,397 |
Other liabilities held for sale | 157,366 | |
Accrued interest and other liabilities | 77,968 | 65,141 |
Total liabilities | 12,971,242 | 7,248,945 |
Stockholders’ equity: | ||
Common stock, Class A, $0.01 par value; 120,000,000 shares authorized; 92,029,118 and 62,555,446 shares issued and outstanding at December 31, 2017 and 2016, respectively | 920 | 626 |
Surplus | 1,586,034 | 711,663 |
Undivided profits | 514,874 | 454,034 |
Accumulated other comprehensive loss | (17,264) | (15,212) |
Total stockholders’ equity | 2,084,564 | 1,151,111 |
Total liabilities and stockholders’ equity | $ 15,055,806 | $ 8,400,056 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 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) | 92,029,118 | 62,555,446 |
Common stock, Class A, shares outstanding (in shares) | 92,029,118 | 62,555,446 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
INTEREST INCOME | ||||
Loans | $ 352,351,000 | $ 265,652,000 | $ 268,367,000 | |
Interest bearing balances due from banks and federal funds sold | 1,933,000 | 756,000 | 899,000 | |
Investment securities | 40,115,000 | 33,479,000 | 30,613,000 | |
Mortgage loans held for sale | 605,000 | 1,102,000 | 1,051,000 | |
Assets held in trading accounts | 16,000 | 18,000 | ||
TOTAL INTEREST INCOME | 395,004,000 | 301,005,000 | 300,948,000 | |
INTEREST EXPENSE | ||||
Deposits | 27,756,000 | 15,217,000 | 15,248,000 | |
Federal funds purchased and securities sold under agreements to repurchase | 347,000 | 273,000 | 236,000 | |
Other borrowings | 8,621,000 | 4,148,000 | 5,097,000 | |
Subordinated debentures | 3,350,000 | 2,161,000 | 1,772,000 | |
TOTAL INTEREST EXPENSE | 40,074,000 | 21,799,000 | 22,353,000 | |
NET INTEREST INCOME | 354,930,000 | 279,206,000 | 278,595,000 | |
Provision for loan losses | 26,393,000 | 20,065,000 | 9,022,000 | |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 328,537,000 | 259,141,000 | 269,573,000 | |
NON-INTEREST INCOME | ||||
Trust income | 18,570,000 | 15,442,000 | 9,261,000 | |
Service charges on deposit accounts | 36,079,000 | 32,414,000 | 30,985,000 | |
Other service charges and fees | 9,919,000 | 12,872,000 | 8,756,000 | |
Mortgage and SBA lending income | 13,316,000 | 16,483,000 | 11,452,000 | |
Investment banking income | 2,793,000 | 3,471,000 | 2,590,000 | |
Debit and credit card fees | 34,258,000 | 30,740,000 | 26,660,000 | |
Bank owned life insurance income | 3,503,000 | 3,324,000 | 2,680,000 | |
Gain on sale of securities, net | 1,059,000 | 5,848,000 | 307,000 | |
Net loss on assets covered by FDIC loss share agreements | (14,812,000) | |||
Other income | 19,268,000 | 18,788,000 | 16,782,000 | |
TOTAL NON-INTEREST INCOME | 138,765,000 | 139,382,000 | 94,661,000 | |
NON-INTEREST EXPENSE | ||||
Salaries and employee benefits | 154,314,000 | 133,457,000 | 138,243,000 | |
Occupancy expense, net | 21,159,000 | 18,667,000 | 16,858,000 | |
Furniture and equipment expense | 19,366,000 | 16,683,000 | 14,352,000 | |
Other real estate and foreclosure expense | 3,042,000 | 4,461,000 | 4,861,000 | |
Deposit insurance | 3,696,000 | 3,469,000 | 4,201,000 | |
Merger related costs | 21,923,000 | 4,835,000 | 13,760,000 | |
Other operating expenses | 88,879,000 | 73,513,000 | 64,695,000 | |
TOTAL NON-INTEREST EXPENSE | 312,379,000 | 255,085,000 | 256,970,000 | |
INCOME BEFORE INCOME TAXES | 154,923,000 | 143,438,000 | 107,264,000 | |
Provision for income taxes | 61,983,000 | 46,624,000 | 32,900,000 | |
NET INCOME | 92,940,000 | 96,814,000 | 74,364,000 | |
Preferred stock dividends | 24,000 | 257,000 | ||
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ 92,940,000 | $ 96,790,000 | $ 74,107,000 | |
BASIC EARNINGS PER SHARE (in dollars per share) | [1] | $ 1.34 | $ 1.58 | $ 1.32 |
DILUTED EARNINGS PER SHARE (in dollars per share) | [1] | $ 1.33 | $ 1.56 | $ 1.31 |
[1] | All per share amounts have been restated to reflect the effect of the two-for-one stock split on February 8, 2018. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
NET INCOME | $ 92,940 | $ 96,814 | $ 74,364 |
OTHER COMPREHENSIVE INCOME (LOSS) | |||
Unrealized holding gains (losses) arising during the period on available-for-sale loans and securities | 2,645 | (14,797) | (1,880) |
Less: Reclassification adjustment for realized gains included in net income | 1,059 | 5,848 | 307 |
Other comprehensive income (loss), before tax effect | 1,586 | (20,645) | (2,187) |
Less: Tax effect of other comprehensive income (loss) | 622 | (8,098) | (858) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) | 964 | (12,547) | (1,329) |
COMPREHENSIVE INCOME | $ 93,904 | $ 84,267 | $ 73,035 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
OPERATING ACTIVITIES | |||
Net income | $ 92,940,000 | $ 96,814,000 | $ 74,364,000 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
Depreciation and amortization | 21,062,000 | 16,978,000 | 13,654,000 |
Provision for loan losses | 26,393,000 | 20,065,000 | 9,022,000 |
Gain on sale of investments | (1,059,000) | (5,848,000) | (307,000) |
Net accretion of investment securities and assets not covered by FDIC loss share | (38,090,000) | (31,928,000) | (32,933,000) |
Net amortization on borrowings | 561,000 | 421,000 | 375,000 |
Stock-based compensation expense | 10,681,000 | 3,418,000 | 4,018,000 |
Net accretion on assets covered by FDIC loss share | (2,709,000) | ||
(Gain) loss on sale of premises and equipment, net of impairment | (615,000) | (225,000) | 381,000 |
Gain on sale of foreclosed assets and other real estate owned | (1,076,000) | (2,432,000) | (4,339,000) |
Gain on sale of mortgage loans held for sale | (12,186,000) | (14,683,000) | (11,625,000) |
Fair value write-down of closed branches | 325,000 | 3,000,000 | 1,958,000 |
Deferred income taxes | 23,251,000 | 9,832,000 | 13,599,000 |
FDIC loss share indemnification loss | 7,476,000 | ||
Gain on sale of banking operation | (2,110,000) | ||
Gain on sale of insurance lines of business | (3,708,000) | ||
Increase in cash surrender value of bank owned life insurance income | (3,503,000) | (3,324,000) | (2,680,000) |
Originations of mortgage loans held for sale | (507,907,000) | (618,453,000) | (571,750,000) |
Proceeds from sale of mortgage loans held for sale | 526,245,000 | 635,613,000 | 574,375,000 |
Changes in assets and liabilities: | |||
Interest receivable | (2,432,000) | (1,197,000) | 713,000 |
Assets held in trading accounts | 41,000 | 4,381,000 | 2,565,000 |
Other assets | 12,456,000 | (8,254,000) | 5,453,000 |
Accrued interest and other liabilities | (14,194,000) | (14,959,000) | 1,393,000 |
Income taxes payable | (14,604,000) | 1,915,000 | 3,466,000 |
Net cash provided by operating activities | 114,581,000 | 91,134,000 | 84,359,000 |
INVESTING ACTIVITIES | |||
Net originations of loans not covered by FDIC loss share | (698,532,000) | (368,162,000) | (301,323,000) |
Net collections of loans covered by FDIC loss share | 23,646,000 | ||
Decrease in due from banks - time | 3,233,000 | 9,544,000 | 10,879,000 |
Purchases of premises and equipment, net | (34,216,000) | (18,892,000) | (14,832,000) |
Proceeds from sale of premises and equipment | 3,475,000 | 1,628,000 | 5,738,000 |
Purchases of other real estate owned | (1,021,000) | ||
Proceeds from sale of foreclosed assets and other real estate owned | 18,255,000 | 29,055,000 | 40,988,000 |
Proceeds from sale of foreclosed assets held for sale, covered by FDIC loss share | 2,858,000 | ||
Proceeds from sale of available-for-sale securities | 679,613,000 | 346,273,000 | 32,007,000 |
Proceeds from maturities of available-for-sale securities | 487,717,000 | 257,388,000 | 435,438,000 |
Purchases of available-for-sale securities | (854,708,000) | (861,572,000) | (445,281,000) |
Proceeds from maturities of held-to-maturity securities | 97,494,000 | 250,636,000 | 281,120,000 |
Purchases of held-to-maturity securities | (860,000) | (6,162,000) | (59,486,000) |
Proceeds from bank owned life insurance death benefits | 3,039,000 | ||
Purchases of bank owned life insurance | (143,000) | (143,000) | (12,143,000) |
Settlement of FDIC loss share agreements | 2,368,000 | ||
Cash received on FDIC loss share | 3,980,000 | ||
Cash paid on sale of banking operations, net of cash received | (68,273,000) | ||
Proceeds from the sale of insurance lines of business | 9,296,000 | ||
Cash paid in business combinations, net of cash received | (48,092,000) | ||
Cash received in business combinations, net of cash paid | 106,419,000 | 197,029,000 | |
Net cash (used in) provided by investing activities | (338,489,000) | (250,949,000) | 134,713,000 |
FINANCING ACTIVITIES | |||
Net change in deposits | 120,667,000 | 139,266,000 | (107,633,000) |
Repayments of subordinated debentures and subordinated debt | (3,000,000) | (594,000) | |
Dividends paid on preferred stock | (24,000) | (257,000) | |
Dividends paid on common stock | (35,116,000) | (28,743,000) | (27,026,000) |
Net change in other borrowed funds | 521,865,000 | 106,823,000 | (143,914,000) |
Net change in federal funds purchased and securities sold under agreements to repurchase | (71,003,000) | 2,398,000 | (27,418,000) |
Net shares issued under stock compensation plans | 2,260,000 | 4,352,000 | 3,303,000 |
Shares issued under employee stock purchase plan | 618,000 | 586,000 | 226,000 |
Redemption of preferred stock | (30,852,000) | ||
Net cash provided by (used in) financing activities | 536,291,000 | 193,212,000 | (302,719,000) |
INCREASE (DECREASE) IN CASH EQUIVALENTS | 312,383,000 | 33,397,000 | (83,647,000) |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 285,659,000 | 252,262,000 | 335,909,000 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ 598,042,000 | $ 285,659,000 | $ 252,262,000 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Community First Bancshares Inc [Member]Preferred Stock [Member] | Community First Bancshares Inc [Member]Common Stock [Member] | Community First Bancshares Inc [Member]Additional Paid-in Capital [Member] | Community First Bancshares Inc [Member] | Liberty Bancshares, Inc. [Member]Common Stock [Member] | Liberty Bancshares, Inc. [Member]Additional Paid-in Capital [Member] | Liberty Bancshares, Inc. [Member] | Ozark Trust [Member]Common Stock [Member] | Ozark Trust [Member]Additional Paid-in Capital [Member] | Ozark Trust [Member] | Citizens National Bank [Member]Common Stock [Member] | Citizens National Bank [Member]Additional Paid-in Capital [Member] | Citizens National Bank [Member] | Hardeman County Investment Company, Inc. [Member]Common Stock [Member] | Hardeman County Investment Company, Inc. [Member]Additional Paid-in Capital [Member] | Hardeman County Investment Company, Inc. [Member] | OKSB Merger [Member]Common Stock [Member] | OKSB Merger [Member]Additional Paid-in Capital [Member] | OKSB Merger [Member] | First Texas Merger [Member]Common Stock [Member] | First Texas Merger [Member]Additional Paid-in Capital [Member] | First Texas Merger [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, 2014 | $ 361 | $ 156,388 | $ (1,336) | $ 338,906 | $ 494,319 | |||||||||||||||||||||||
Comprehensive income | (1,329) | 74,364 | 73,035 | |||||||||||||||||||||||||
Stock issued for employee stock purchase plan | 226 | 226 | ||||||||||||||||||||||||||
Stock-based compensation plans, net | 3 | 7,318 | 7,321 | |||||||||||||||||||||||||
Stock issued for acquisition | $ 30,852 | $ 131 | $ 268,211 | $ 299,194 | $ 104 | $ 212,072 | $ 212,176 | $ 7 | $ 17,860 | $ 17,867 | ||||||||||||||||||
Dividends on preferred stock | (257) | (257) | ||||||||||||||||||||||||||
Cash dividends | (27,026) | (27,026) | ||||||||||||||||||||||||||
Balance at Dec. 31, 2015 | $ 30,852 | 606 | 662,075 | (2,665) | 385,987 | 1,076,855 | ||||||||||||||||||||||
Comprehensive income | (12,547) | 96,814 | 84,267 | |||||||||||||||||||||||||
Stock issued for employee stock purchase plan | 586 | 586 | ||||||||||||||||||||||||||
Stock-based compensation plans, net | 3 | 7,767 | 7,770 | |||||||||||||||||||||||||
Stock issued for acquisition | $ 17 | $ 41,235 | $ 41,252 | |||||||||||||||||||||||||
Dividends on preferred stock | (24) | (24) | ||||||||||||||||||||||||||
Preferred stock redeemed | $ (30,852) | (30,852) | ||||||||||||||||||||||||||
Dividends on common stock | (28,743) | (28,743) | ||||||||||||||||||||||||||
Balance at Dec. 31, 2016 | 626 | 711,663 | (15,212) | 454,034 | 1,151,111 | |||||||||||||||||||||||
Comprehensive income | 964 | 92,940 | 93,904 | |||||||||||||||||||||||||
Stock issued for employee stock purchase plan | 618 | 618 | ||||||||||||||||||||||||||
Stock-based compensation plans, net | 3 | 12,938 | 12,941 | |||||||||||||||||||||||||
Stock issued for acquisition | $ 16 | $ 42,622 | $ 42,638 | $ 145 | $ 431,253 | $ 431,398 | $ 130 | $ 386,940 | $ 387,070 | |||||||||||||||||||
Dividends on common stock | (35,116) | (35,116) | ||||||||||||||||||||||||||
Reclassify stranded tax effects due to 2017 tax law changes | (3,016) | 3,016 | ||||||||||||||||||||||||||
Balance at Dec. 31, 2017 | $ 920 | $ 1,586,034 | $ (17,264) | $ 514,874 | $ 2,084,564 |
Consolidated Statements of Sto8
Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Additional Paid-in Capital [Member] | ||||
Stock issued for employee stock purchase plan, shares (in shares) | [1] | 26,002 | 31,470 | 13,056 |
Common Stock [Member] | Community First Bancshares Inc [Member] | ||||
Stock issued for acquisition, shares (in shares) | [1] | 13,105,832 | ||
Common Stock [Member] | Liberty Bancshares, Inc. [Member] | ||||
Stock issued for acquisition, shares (in shares) | [1] | 10,362,674 | ||
Common Stock [Member] | Ozark Trust [Member] | ||||
Stock issued for acquisition, shares (in shares) | [1] | 678,580 | ||
Common Stock [Member] | Citizens National Bank [Member] | ||||
Stock issued for acquisition, shares (in shares) | [1] | 1,671,482 | ||
Common Stock [Member] | Hardeman County Investment Company, Inc. [Member] | ||||
Stock issued for acquisition, shares (in shares) | [1] | 1,599,940 | ||
Common Stock [Member] | OKSB Merger [Member] | ||||
Stock issued for acquisition, shares (in shares) | [1] | 14,488,604 | ||
Common Stock [Member] | First Texas Merger [Member] | ||||
Stock issued for acquisition, shares (in shares) | [1] | 12,999,840 | ||
Common Stock [Member] | ||||
Stock issued for compensation plans, shares (in shares) | [1] | 359,286 | 295,630 | 291,746 |
Preferred Stock [Member] | Community First Bancshares Inc [Member] | ||||
Stock issued for acquisition, shares (in shares) | [1] | 30,852 | ||
Retained Earnings [Member] | ||||
Cash dividends, per share (in dollars per share) | [1] | $ 0.50 | $ 0.48 | $ 0.46 |
Stock issued for acquisition, shares (in shares) | 132,000 | |||
[1] | All share and per share amounts have been restated to reflect the effect of the two-for-one stock split on February 8, 2018. |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Principles of Consolidation Simmons First National Corporation (the “Company”) is primarily engaged in providing a full range of banking services to individual and corporate customers through its subsidiaries and their branch banks with offices. We are headquartered in Pine Bluff, Arkansas and conduct banking operations in communities throughout Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas. We offer consumer, real estate and commercial loans, checking, savings and time deposits from our 200 The consolidated financial statements include the accounts of Simmons First National Corporation and its subsidiaries, including Simmons Bank, Bank SNB and Southwest Bank. Significant intercompany accounts and transactions have been eliminated in consolidation. Operating Segments Operating segments are components of an enterprise about which separate financial information is available that is regularly evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company is organized on a divisional basis. Each of the divisions provide a group of similar community banking services, including such products and services as loans; time deposits, checking and savings accounts; personal and corporate trust services; credit cards; investment management; insurance; and securities and investment services. Loan products include consumer, real estate, commercial, agricultural, equipment and SBA lending. The individual bank divisions have similar operating and economic characteristics. While the chief operating decision maker monitors the revenue streams of the various products, services, branch locations and divisions, operations are managed, financial performance is evaluated, and management makes decisions on how to allocate resources on a Company-wide basis. Accordingly, the divisions are considered by management to be aggregated into one The Company also considers its trust, investment and insurance services to be operating segments. Information on these segments is not not 280 10 50 12. Use of Estimates The preparation of financial statements, in accordance with accounting principles generally accepted in the United States (“US GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses and disclosure of contingent assets and liabilities. The estimates and assumptions used in the accompanying consolidated financial statements are based upon management’s evaluation of the relevant facts and circumstances as of the date of the consolidated financial statements and actual results may Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and the valuation of acquired loans and related indemnification asset. Management obtains independent appraisals for significant properties in connection with the determination of the allowance for loan losses and the valuation of foreclosed assets. Reclassifications Certain gains and fees were reclassified within non-interest income categories in the 2016 2017 not Cash Equivalents The Company considers all liquid investments with original maturities of three Investment Securities Held-to-maturity securities, which include any security for which the Company has the positive intent and ability to hold until maturity, are carried at historical cost adjusted for amortization of premiums and accretion of discounts. Premiums and discounts are amortized and accreted, respectively, to interest income using the constant yield method over the period to maturity. Available-for-sale securities, which include any security for which the Company has no may Trading securities, which include any security held primarily for near-term sale, are carried at fair value. Gains and losses on trading securities are included in other income. The Company applies accounting guidance related to recognition and presentation of other-than-temporary impairment under ASC Topic 320 10. not not, not As a result of this guidance, the Company’s consolidated statements of income reflect the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not no not not not Mortgage Loans Held For Sale Mortgage loans held for sale are carried at the lower of cost or fair value, determined using an aggregate basis. Write-downs to fair value are recognized as a charge to earnings at the time the decline in value occurs. Forward commitments to sell mortgage loans are acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sale. The forward commitments acquired by the Company for mortgage loans in process of origination are not not not December 31, 2017 2016 not not Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-offs are reported at their outstanding principal adjusted for any loans charged off, the allowance for loan losses and any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans, except on certain government guaranteed loans, is discontinued at the time the loan is 90 Discounts and premiums on purchased residential real estate loans are amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method. For discussion of the Company’s accounting for acquired loans, see Acquisition Accounting, Covered Loans and Related Indemnification Asset later in this section. Allowance for Loan Losses The allowance for loan losses is management’s estimate of probable losses in the loan portfolio. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Allocations to the allowance for loan losses are categorized as either general reserves or specific reserves. The allowance for loan losses is calculated monthly based on management’s assessment of several factors such as ( 1 2 3 4 5 6 7 8 one four Specific reserves are provided on loans that are considered impaired when it is probable that we will not 90 not 90 Management’s evaluation of the allowance for loan losses is inherently subjective as it requires material estimates. The actual amounts of loan losses realized in the near term could differ from the amounts estimated in arriving at the allowance for loan losses reported in the financial statements. Reserve for Unfunded Commitments In addition to the allowance for loan losses, the Company has established a reserve for unfunded commitments, classified in other liabilities. This reserve is maintained at a level sufficient to absorb losses arising from unfunded loan commitments. The adequacy of the reserve for unfunded commitments is determined monthly based on methodology similar to the Company’s methodology for determining the allowance for loan losses. Net adjustments to the reserve for unfunded commitments are included in other non-interest expense. Acquisition Accounting, Acquired Loans The Company accounts for its acquisitions under ASC Topic 805, Business Combinations No 820. The Company evaluates non-impaired loans acquired in accordance with the provisions of ASC Topic 310 20, Nonrefundable Fees and Other Costs 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality not For impaired loans accounted for under ASC Topic 310 30, Covered Loans and Related Indemnification Asset In September 2015, 2010 2012 four Under the terms of the agreement, the FDIC made a net payment of $2,368,000 one $7,476,000. For further discussion of our acquisition and loan accounting, see Note 2, 6, Trust Assets Trust assets (other than cash deposits) held by the Company in fiduciary or agency capacities for its customers are not not Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are capitalized and amortized by the straight-line method over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Premises Held for Sale The Company records premises held for sale at the lower of ( 1 2 Foreclosed Assets Held For Sale Assets acquired by foreclosure or in settlement of debt and held for sale are valued at estimated fair value as of the date of foreclosure, and a related valuation allowance is provided for estimated costs to sell the assets. Management evaluates the value of foreclosed assets held for sale periodically and increases the valuation allowance for any subsequent declines in fair value. Changes in the valuation allowance are charged or credited to other expense. Bank Owned Life Insurance The Company maintains bank-owned life insurance policies on certain current and former employees and directors, which are recorded at their cash surrender values as determined by the insurance carriers. The appreciation in the cash surrender value of the policies is recognized as a component of non-interest income in the Company’s consolidated statements of income. Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that also lack physical substance but can be separately distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. The Company performs an annual goodwill impairment test, and more frequently if circumstances warrant, in accordance with ASC Topic 350, Intangibles – Goodwill and Other 350 may not Derivative Financial Instruments The Company may For derivatives designated as hedging the exposure to changes in the fair value of the hedged item, the gain or loss is recognized in earnings in the period of change together with the offsetting loss or gain of the hedging instrument. The fair value hedges are considered to be highly effective and any hedge ineffectiveness was deemed not The notional amount of the swaps was $303.5 December 31, 2017, $99.2 December 31, 2016. Securities Sold Under Agreements to Repurchase The Company sells securities under agreements to repurchase to meet customer needs for sweep accounts. At the point funds deposited by customers become investable, those funds are used to purchase securities owned by the Company and held in its general account with the designation of Customers’ Securities. A third not Bankcard Fee Income Periodic bankcard fees, net of direct origination costs, are recognized as revenue on a straight-line basis over the period the fee entitles the cardholder to use the card. Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance in ASC Topic 740, Income Taxes two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not 50 not 50 not not not not The Company files consolidated income tax returns with its subsidiaries. Earnings Per Share Basic earnings per share are computed based on the weighted average number of shares outstanding during each year. Diluted earnings per share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period. All share and per share amounts have been restated to reflect the effect of the two one February 2018. The computation of per share earnings is as follows: (In thousands, except per share data) 2017 2016 2015 Net income available to common shareholders $ 92,940 $ 96,790 $ 74,107 Average common shares outstanding 69,385 61,291 56,168 Average potential dilutive common shares 468 636 252 Average diluted common shares 69,853 61,927 56,420 Basic earnings per share $ 1.34 $ 1.58 $ 1.32 Diluted earnings per share $ 1.33 $ 1.56 $ 1.31 There were no December 31, 2017, 2016 2015. Stock-Based Compensation The Company has adopted various stock-based compensation plans. The plans provide for the grant of incentive stock options, nonqualified stock options, stock appreciation rights and bonus stock awards. Pursuant to the plans, shares are reserved for future issuance by the Company, upon exercise of stock options or awarding of bonus shares granted to directors, officers and other key employees. In accordance with ASC Topic 718, Compensation – Stock Compensation 14, |
Note 2 - Acquisitions
Note 2 - Acquisitions | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | NOTE 2: ACQUISITIONS Southwest Bancorp, Inc. On October 19, 2017, 14,488,604 $431.4 October 19, 2017, $95.0 Prior to the acquisition, OKSB conducted banking business from 29 $2.7 $2.0 $2.0 May 2018, Goodwill of $228.9 not A summary, at fair value, of the assets acquired and liabilities assumed in the OKSB transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 79,517 $ -- $ 79,517 Investment securities 485,468 (1,295 ) 484,173 Loans acquired 2,039,524 (43,071 ) 1,996,453 Allowance for loan losses (26,957 ) 26,957 -- Foreclosed assets 6,284 (1,127 ) 5,157 Premises and equipment 21,210 5,457 26,667 Bank owned life insurance 28,704 -- 28,704 Goodwill 13,545 (13,545 ) -- Core deposit intangible 1,933 40,191 42,124 Other intangibles 3,806 -- 3,806 Other assets 33,455 (8,929 ) 24,526 Total assets acquired $ 2,686,489 $ 4,638 $ 2,691,127 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 485,971 $ -- $ 485,971 Interest bearing transaction accounts and savings deposits 869,252 -- 869,252 Time deposits 613,345 (2,213 ) 611,132 Total deposits 1,968,568 (2,213 ) 1,966,355 Securities sold under agreement to repurchase 11,256 -- 11,256 Other borrowings 347,000 -- 347,000 Subordinated debentures 46,393 -- 46,393 Accrued interest and other liabilities 17,440 5,364 22,804 Total liabilities assumed 2,390,657 3,151 2,393,808 Equity 295,832 (295,832 ) -- Total equity assumed 295,832 (295,832 ) -- Total liabilities and equity assumed $ 2,686,489 $ (292,681 ) $ 2,393,808 Net assets acquired 297,319 Purchase price 526,251 Goodwill $ 228,932 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 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 2017 First Texas BHC, Inc. On October 19, 2017, 12,999,840 $387.1 October 19, 2017, $70.0 Prior to the acquisition, First Texas operated 15 $2.4 $2.2 $1.9 February 2018. Goodwill of $238.0 not A summary, at fair value, of the assets acquired and liabilities assumed in the First Texas transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 59,277 $ -- $ 59,277 Investment securities 81,114 (596 ) 80,518 Loans acquired 2,246,212 (37,834 ) 2,208,378 Allowance for loan losses (20,864 ) 20,664 (200 ) Premises and equipment 24,864 10,123 34,987 Bank owned life insurance 7,190 -- 7,190 Goodwill 37,227 (37,227 ) -- Core deposit intangible -- 7,328 7,328 Other assets 18,263 12,703 30,966 Total assets acquired $ 2,453,283 $ (24,839 ) $ 2,428,444 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 74,410 $ -- $ 74,410 Interest bearing transaction accounts and savings deposits 1,683,298 -- 1,683,298 Time deposits 124,233 (283 ) 123,950 Total deposits 1,881,941 (283 ) 1,881,658 Securities sold under agreement to repurchase 50,000 -- 50,000 Other borrowings 235,000 -- 235,000 Subordinated debentures 30,323 (811 ) 29,512 Accrued interest and other liabilities 11,727 1,463 13,190 Total liabilities assumed 2,208,991 369 2,209,360 Equity 244,292 (244,292 ) -- Total equity assumed 244,292 (244,292 ) -- Total liabilities and equity assumed $ 2,453,283 $ (243,923 ) $ 2,209,360 Net assets acquired 219,084 Purchase price 457,103 Goodwill $ 238,019 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 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 2017 Summary of Unaudited Pro forma Information The unaudited pro forma information below for the years ended December 31, 2017 2016 January 1, 2016. December 31, 2017 $9.4 2017. not (In thousands, except per share data) 2017 2016 Revenue (1) $ 654,358 $ 620,461 Net income $ 130,947 $ 136,199 Diluted earnings per share $ 1.43 $ 1.52 _________________________ ( 1 Consolidated year-to-date 2017 $29.2 $10.5 $27.6 $5.7 Hardeman County Investment Company, Inc. On May 15, 2017, 1,599,940 $42.6 May 15, 2017, $30.0 Prior to the acquisition, Hardeman conducted banking business from 10 $462.9 $251.6 $389.0 September 2017. five Goodwill of $29.4 two not A summary, at fair value, of the assets acquired and liabilities assumed in the Hardeman transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 8,001 $ -- $ 8,001 Interest bearing balances due from banks - time 1,984 -- 1,984 Investment securities 170,654 (285 ) 170,369 Loans acquired 257,641 (5,992 ) 251,649 Allowance for loan losses (2,382 ) 2,382 -- Foreclosed assets 1,083 (452 ) 631 Premises and equipment 9,905 1,258 11,163 Bank owned life insurance 7,819 -- 7,819 Goodwill 11,485 (11,485 ) -- Core deposit intangible -- 7,840 7,840 Other intangibles -- 830 830 Other assets 2,639 (1 ) 2,638 Total assets acquired $ 468,829 $ (5,905 ) $ 462,924 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 76,555 $ -- $ 76,555 Interest bearing transaction accounts and savings deposits 214,872 -- 214,872 Time deposits 97,917 (368 ) 97,549 Total deposits 389,344 (368 ) 388,976 Securities sold under agreement to repurchase 17,163 -- 17,163 Other borrowings 3,000 -- 3,000 Subordinated debentures 6,702 -- 6,702 Accrued interest and other liabilities 1,891 1,924 3,815 Total liabilities assumed 418,100 1,556 419,656 Equity 50,729 (50,729 ) -- Total equity assumed 50,729 (50,729 ) -- Total liabilities and equity assumed $ 468,829 $ (49,173 ) $ 419,656 Net assets acquired 43,268 Purchase price 72,639 Goodwill $ 29,371 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 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 2017 Citizens National Bank On September 9, 2016, 1,671,482 $41.3 September 9, 2016, $35.0 Prior to the acquisition, Citizens conducted banking business from 9 $585.1 $340.9 $509.9 October 2016. Goodwill of $23.4 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 $ (351 ) $ 131,116 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 $ (55 ) $ 585,149 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 52,924 Purchase price 76,300 Goodwill $ 23,376 During 2017, The Company’s operating results for 2017 2016 Liberty Bancshares, Inc. On February 27, 2015, 10,362,674 $212.2 February 27, 2015 Prior to the acquisition, Liberty conducted banking business from 24 $1.1 $780.7 $874.7 April 2015. Goodwill of $95.2 two not A summary, at fair value, of the assets acquired and liabilities assumed in the Liberty transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks, including time deposits $ 102,637 $ (14 ) $ 102,623 Federal funds sold 7,060 -- 7,060 Investment securities 99,123 (335 ) 98,788 Loans acquired, not covered by FDIC loss share 790,493 (9,835 ) 780,658 Allowance for loan losses (10,422 ) 10,422 -- Premises and equipment 34,239 (3,215 ) 31,024 Bank owned life insurance 16,972 -- 16,972 Core deposit intangible 699 13,857 14,556 Other intangibles 3,063 (3,063 ) -- Other assets 17,703 (3,112 ) 14,591 Total assets acquired $ 1,061,567 $ 4,705 $ 1,066,272 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 146,618 $ -- $ 146,618 Interest bearing transaction accounts and savings deposits 543,183 -- 543,183 Time deposits 184,913 -- 184,913 Total deposits 874,714 -- 874,714 FHLB borrowings 46,128 223 46,351 Subordinated debentures 20,620 (510 ) 20,110 Accrued interest and other liabilities 7,828 300 8,128 Total liabilities assumed 949,290 13 949,303 Equity 112,277 (112,277 ) -- Total equity assumed 112,277 (112,277 ) -- Total liabilities and equity assumed $ 1,061,567 $ (112,264 ) $ 949,303 Net assets acquired 116,969 Purchase price 212,176 Goodwill $ 95,207 During 2015 The Company’s operating results for all periods presented include the operating results of the acquired assets and assumed liabilities of Liberty subsequent to the acquisition date. Community First Bancshares, Inc. On February 27, 2015, 13,105,830 $268.3 February 27, 2015, $9,974 $30.9 January 29, 2016, Prior to the acquisition, Community First conducted banking business from 33 $1.9 $1.1 $1.5 September 2015. Goodwill of $110.4 two not A summary, at fair value, of the assets acquired and liabilities assumed in the Community First transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 39,848 $ -- $ 39,848 Federal funds sold 76,508 -- 76,508 Investment securities 570,199 (3,381 ) 566,818 Loans acquired, not covered by FDIC loss share 1,163,398 (26,855 ) 1,136,543 Allowance for loan losses (14,635 ) 14,635 -- Foreclosed assets not covered by FDIC loss share 747 -- 747 Premises and equipment 44,837 (2,794 ) 42,043 Bank owned life insurance 22,149 -- 22,149 Goodwill 100 (100 ) -- Core deposit intangible -- 11,273 11,273 Other intangibles -- 420 420 Deferred tax asset 3,700 3,538 7,238 Other assets 11,474 -- 11,474 Total assets acquired $ 1,918,325 $ (3,264 ) $ 1,915,061 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 103,825 $ -- $ 103,825 Interest bearing transaction accounts and savings deposits 995,207 -- 995,207 Time deposits 436,181 849 437,030 Total deposits 1,535,213 849 1,536,062 Federal funds purchased and securities sold under agreement to repurchase 16,230 -- 16,230 FHLB borrowings 143,047 674 143,721 Subordinated debentures 21,754 (840 ) 20,914 Accrued interest and other liabilities 8,769 601 9,370 Total liabilities assumed 1,725,013 1,284 1,726,297 Equity 193,312 (193,312 ) -- Total equity assumed 193,312 (193,312 ) -- Total liabilities and equity assumed $ 1,918,325 $ (192,028 ) $ 1,726,297 Net assets acquired 188,764 Purchase price 299,204 Goodwill $ 110,440 During 2015 The Company’s operating results for all periods presented include the operating results of the acquired assets and assumed liabilities of Community First subsequent to the acquisition date. Ozark Trust & Investment Corporation On October 29, 2015, 678,580 $17.9 October 29, 2015, $5.8 Prior to the acquisition, Ozark Trust had over $1 1,000 February 2015. A summary, at fair value, of the assets acquired and liabilities assumed in the Ozark Trust transaction, as of the acquisition date, is as follows: (In thousands) Acquired from Fair Value Fair Assets Acquired Cash $ 1,756 $ -- $ 1,756 Investment securities 241 -- 241 Premises and equipment 1,126 418 1,544 Other intangibles -- 9,733 9,733 Other assets 752 869 1,621 Total assets acquired $ 3,875 $ 11,020 $ 14,895 Liabilities Assumed Deferred tax liability 63 4,175 4,238 Accrued and other liabilities 302 -- 302 Total liabilities assumed 365 4,175 4,540 Equity 3,510 (3,510 ) -- Total equity assumed 3,510 (3,510 ) -- Total liabilities and equity assumed $ 3,875 $ 665 $ 4,540 Net assets acquired 10,355 Purchase price 23,623 Goodwill $ 13,268 During 2015 The Company’s operating results for all periods presented include the operating results of the acquired assets and assumed liabilities of Ozark Trust subsequent to the acquisition date. The following is a description of the methods used to determine the fair values of significant assets and liabilities presented in the acquisitions above. Cash and due from banks, time deposits due from banks and federal funds sold Investment securities Loans acquired not not Foreclosed assets Premises and equipment Bank owned life insurance Goodwill Core deposit intangible Other intangibles Other assets Deposits Federal funds purchased and securities sold under agreement to repurchase FHLB and other borrowings Subordinated debentures – Accrued interest and other liabilities |
Note 3 - Investment Securities
Note 3 - Investment Securities | 12 Months Ended |
Dec. 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 (“HTM”) and available-for-sale (“AFS”) are as follows: Years Ended December 31 2017 2016 (In thousands) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Held-to-Maturity U.S. Government agencies $ 46,945 $ 7 $ (228 ) $ 46,724 $ 76,875 $ 107 $ (182 ) $ 76,800 Mortgage-backed securities 16,132 8 (287 ) 15,853 19,773 63 (249 ) 19,587 State and political subdivisions 301,491 5,962 (222 ) 307,231 362,532 4,967 (842 ) 366,657 Other securities 3,490 -- -- 3,490 2,916 -- -- 2,916 Total HTM $ 368,058 $ 5,977 $ (737 ) $ 373,298 $ 462,096 $ 5,137 $ (1,273 ) $ 465,960 Available-for-Sale U.S. Treasury $ -- $ -- $ -- $ -- $ 300 $ -- $ -- $ 300 U.S. Government agencies 141,559 116 (1,951 ) 139,724 140,005 67 (2,301 ) 137,771 Mortgage-backed securities 1,208,017 246 (20,946 ) 1,187,317 885,783 178 (17,637 ) 868,324 State and political subdivisions 144,642 532 (2,009 ) 143,165 108,374 38 (5,469 ) 102,943 Other securities 118,106 1,206 (1 ) 119,311 47,022 996 (2 ) 48,016 Total AFS $ 1,612,324 $ 2,100 $ (24,907 ) $ 1,589,517 $ 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 AFS securities in the table above. Certain investment securities are valued at less than their historical cost. Total fair value of these investments at December 31, 2017 2016, $1.4 $1.2 73.5% 75.7%, 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: Less Than 12 Months 12 Months or More Total (In thousands) Estimated Gross Estimated Gross Estimated Gross December 31, 2017 Held-to-Maturity U.S. Government agencies $ 11,961 $ 6 $ 32,778 $ 222 $ 44,739 $ 228 Mortgage-backed securities 5,471 47 8,946 240 14,417 287 State and political subdivisions 40,299 198 1,887 24 42,186 222 Total HTM $ 57,731 $ 251 $ 43,611 $ 486 $ 101,342 $ 737 Available-for-Sale U.S. Government agencies $ 91,988 $ 921 $ 25,742 $ 1,030 $ 117,730 $ 1,951 Mortgage-backed securities 510,770 4,516 609,329 16,430 1,120,099 20,946 State and political subdivisions 25,049 202 75,404 1,807 100,453 2,009 Other securities -- -- 99 1 99 1 Total AFS $ 627,807 $ 5,639 $ 710,574 $ 19,268 $ 1,338,381 $ 24,907 December 31, 2016 Held-to-Maturity U.S. Government agencies $ 32,859 $ 141 $ 19,959 $ 41 $ 52,818 $ 182 Mortgage-backed securities 11,833 205 1,465 44 13,298 249 State and political subdivisions 104,974 841 330 1 105,304 842 Total HTM $ 149,666 $ 1,187 $ 21,754 $ 86 $ 171,420 $ 1,273 Available-for-Sale U.S. Government agencies $ 126,325 $ 2,301 $ -- $ -- $ 126,325 $ 2,301 Mortgage-backed securities 833,393 17,637 -- -- 833,393 17,637 State and political subdivisions 94,922 5,469 -- -- 94,922 5,469 Other securities 99 2 -- -- 99 2 Total AFS $ 1,054,739 $ 25,409 $ -- $ -- $ 1,054,739 $ 25,409 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 not not Declines in the fair value of HTM and AFS 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 HTM until they mature, at which time the Company expects to receive full value for the securities. Furthermore, as of December 31, 2017, not December 31, 2017, Income earned on securities for the years ended December 31, 2017, 2016 2015, (In thousands) 2017 2016 2015 Taxable Held-to-maturity $ 2,521 $ 3,778 $ 5,162 Available-for-sale 25,996 17,928 12,129 Non-taxable Held-to-maturity 8,693 10,641 11,635 Available-for-sale 2,905 1,132 1,687 Total $ 40,115 $ 33,479 $ 30,613 The amortized cost and estimated fair value by maturity of securities are shown in the following table. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. Accordingly, actual maturities may Held-to-Maturity Available-for-Sale (In thousands) Amortized Fair Amortized Fair Value One year or less $ 46,377 $ 46,255 $ 590 $ 591 After one through five years 85,451 85,581 35,616 35,246 After five through ten years 92,361 93,400 24,203 23,953 After ten years 127,737 132,209 225,892 223,198 Securities not due on a single maturity date 16,132 15,853 1,208,017 1,187,317 Other securities (no maturity) -- -- 118,006 119,212 Total $ 368,058 $ 373,298 $ 1,612,324 $ 1,589,517 The carrying value, which approximates the fair value, of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $1.2 December 31, 2017 $915.2 December 31, 2016. There were $2.4 $1.3 December 31, 2017. $5.8 no December 31, 2016. $350,000 $43,000 December 31, 2015. 39.225% The state and political subdivision debt obligations are predominately non-rated bonds representing small issuances, primarily in Arkansas, Missouri, Oklahoma, Tennessee and Texas issues, which are evaluated on an ongoing basis. |
Note 4 - Other Assets and Other
Note 4 - Other Assets and Other Liabilities Held for Sale | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | NOTE 4: In August 2017, $165.8 $157.4 December 31, 2017. In December 2017, March 2018 one The following is a description of the methods used to determine the purchase price allocation for fair values of significant assets and liabilities presented in the Heartland Bank transaction. Cash and due from banks, time deposits due from banks and federal funds sold Investment securities no Loans acquired not not Premises and equipment Core deposit intangible Deposits not |
Note 5 - Loans and Allowance fo
Note 5 - Loans and Allowance for Loan Losses | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5: LOANS AND ALLOWANCE FOR LOAN LOSSES At December 31, 2017, $10.78 $5.63 December 31, 2016. (In thousands) 2017 2016 Consumer: Credit cards $ 185,422 $ 184,591 Other consumer 280,094 303,972 Total consumer 465,516 488,563 Real estate: Construction 614,155 336,759 Single family residential 1,094,633 904,245 Other commercial 2,530,824 1,787,075 Total real estate 4,239,612 3,028,079 Commercial: Commercial 825,217 639,525 Agricultural 148,302 150,378 Total commercial 973,519 789,903 Other 26,962 20,662 Loans 5,705,609 4,327,207 Loans acquired, net of discount and allowance (1) 5,074,076 1,305,683 Total loans $ 10,779,685 $ 5,632,890 ______________________ ( 1 See Note 6, Loan Origination/Risk Management may eight Consumer Real estate one Commercial one three Nonaccrual and Past Due Loans not may may not Nonaccrual loans, excluding loans acquired, at December 31, 2017 2016, (In thousands) 2017 2016 Consumer: Credit cards $ 170 $ 373 Other consumer 4,605 1,793 Total consumer 4,775 2,166 Real estate: Construction 2,242 3,411 Single family residential 13,431 12,139 Other commercial 16,054 12,385 Total real estate 31,727 27,935 Commercial: Commercial 6,980 7,765 Agricultural 2,160 1,238 Total commercial 9,140 9,003 Total $ 45,642 $ 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 December 31, 2017 Consumer: Credit cards $ 707 $ 672 $ 1,379 $ 184,043 $ 185,422 $ 332 Other consumer 5,009 3,298 8,307 271,787 280,094 10 Total consumer 5,716 3,970 9,686 455,830 465,516 342 Real estate: Construction 411 1,210 1,621 612,534 614,155 -- Single family residential 8,071 6,460 14,531 1,080,102 1,094,633 1 Other commercial 2,388 8,031 10,419 2,520,405 2,530,824 -- Total real estate 10,870 15,701 26,571 4,213,041 4,239,612 1 Commercial: Commercial 1,523 6,125 7,648 817,569 825,217 -- Agricultural 50 2,120 2,170 146,132 148,302 Total commercial 1,573 8,245 9,818 963,701 973,519 -- Other -- -- -- 26,962 26,962 -- Total $ 18,159 $ 27,916 $ 46,075 $ 5,659,534 $ 5,705,609 $ 343 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 not 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 December 31, 2017 Consumer: Credit cards $ 170 $ 170 $ -- $ 170 $ -- $ 268 $ 47 Other consumer 4,755 4,605 -- 4,605 -- 3,089 106 Total consumer 4,925 4,775 -- 4,775 -- 3,357 153 Real estate: Construction 2,522 1,347 895 2,242 249 2,711 93 Single family residential 14,347 12,725 706 13,431 53 12,904 443 Other commercial 22,308 6,732 9,133 15,865 36 18,624 639 Total real estate 39,177 20,804 10,734 31,538 338 34,239 1,175 Commercial: Commercial 9,954 4,306 2,269 6,575 -- 11,670 400 Agricultural 3,278 1,035 -- 1,035 -- 1,522 52 Total commercial 13,232 5,341 2,269 7,610 -- 13,192 452 Total $ 57,334 $ 30,920 $ 13,003 $ 43,923 $ 338 $ 50,788 $ 1,780 December 31, 2016 Consumer: Credit cards $ 373 $ 373 $ -- $ 373 $ -- $ 346 $ 20 Other consumer 1,836 1,797 3 1,800 1 1,066 47 Total consumer 2,209 2,170 3 2,173 1 1,412 67 Real estate: Construction 4,275 1,038 2,374 3,412 156 4,436 196 Single family residential 12,970 10,630 1,753 12,383 162 9,486 419 Other commercial 20,993 6,891 7,315 14,206 99 14,932 659 Total real estate 38,238 18,559 11,442 30,001 417 28,854 1,274 Commercial: Commercial 11,848 2,734 7,573 10,307 262 4,666 206 Agricultural 2,226 1,215 -- 1,215 -- 1,046 46 Total commercial 14,074 3,949 7,573 11,522 262 5,712 252 Total $ 54,521 $ 24,678 $ 19,018 $ 43,696 $ 680 $ 35,978 $ 1,593 At December 31, 2017, December 31, 2016, $43.9 $43.7 $338,000 $680,000 December 31, 2017 2016, $1.8 $1.6 $1.2 $50.8 $36.0 $16.7 2017, 2016 2015, 2017, 2016 2015 not 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 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 not 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 December 31, 2017 Real estate: Construction -- $ -- $ 1 $ 420 $ 1 $ 420 Single-family residential 4 141 15 954 19 1,095 Other commercial 4 4,322 5 3,712 9 8,034 Total real estate 8 4,463 21 5,086 29 9,549 Commercial: Commercial 5 2,644 6 745 11 3,389 Total commercial 5 2,644 6 745 11 3,389 Total 13 $ 7,107 27 $ 5,831 40 $ 12,938 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 years ended December 31, 2017 2016, Modification Type (Dollars in thousands) Number of Balance Prior Balance at Change in Change in Financial Impact Year Ended December 31, 2017 Real estate: Construction 1 $ 456 $ 456 $ 456 $ -- $ -- Single-family residential 1 139 130 130 -- -- Other commercial 3 7,715 7,715 7,715 -- 33 Total real estate 5 8,310 8,301 8,301 -- 33 Commercial: Commercial 11 2,691 2,604 2,565 39 -- Total commercial 11 2,691 2,604 2,565 39 -- Total 16 $ 11,001 $ 10,905 $ 10,866 $ 39 $ 33 Year Ended December 31, 2016 Consumer: Other consumer 2 $ 50 $ 11 $ 11 $ -- $ -- Total consumer 2 50 11 11 -- -- Real estate: Single-family residential 23 1,570 1,518 964 554 -- Other commercial 28 10,291 10,260 9,128 1,132 -- Total real estate 51 11,861 11,778 10,092 1,686 -- Commercial: Commercial 17 1,996 1,968 1,968 -- -- Total commercial 17 1,996 1,968 1,968 -- -- Total 70 $ 13,907 $ 13,757 $ 12,071 $ 1,686 $ -- During the year ended December 31, 2017, sixteen $11.0 12 $26,000 $33,000 December 31, 2017, thirteen $1.2 During year ended December 31, 2016, seventy $13.9 12 $402,000 no not December 31, 2016, fifteen $3.7 There was one December 31, 2017, 12 $440,000 third 2017. one December 31, 2017, 12 90 During the year ended December 31, 2016, one 12 $39,000 one December 31, 2016, 12 $31,000 $69,000 In addition to the TDRs that occurred during the period provided in the preceding tables, the Company had TDRs with pre-modification loan balances of $236,000 December 31, 2016 no December 31, 2017 December 31, 2017 2016, $5,057,000 $1,714,000, December 31, 2017 2016, $3,828,000 $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 not not may may · Risk Rate 6 not not may · Risk Rate 7 may · Risk Rate 8 not not no not may Loans acquired are evaluated using this internal grading system. Loans acquired are evaluated individually and include purchased credit impaired loans of $17.1 $17.8 310 30 6 December 31, 2017 2016, 310 20, $76.3 $47.8 6, 7 8 December 31, 2017 2016, Loans acquired, covered by loss share agreements, had additional protection provided by the FDIC prior to the termination of the loss share agreements. During the 2015 $954,000 $0.4 December 31, 2015. no no 2016 2017. $954,000 6, 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 not Classified loans for the Company include loans in Risk Ratings 6, 7 8. may not one 1 6 8 not not 2 not not 310 30, $175.6 $166.0 December 31, 2017 December 31, 2016, The following table presents a summary of loans by credit risk rating, segregated by class of loans. (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2017 Consumer: Credit cards $ 184,920 $ -- $ 502 $ -- $ -- $ 185,422 Other consumer 275,160 -- 4,934 -- -- 280,094 Total consumer 460,080 -- 5,436 -- -- 465,516 Real estate: Construction 603,126 5,795 5,218 16 -- 614,155 Single family residential 1,066,902 3,954 23,490 287 -- 1,094,633 Other commercial 2,480,293 19,581 30,950 -- -- 2,530,824 Total real estate 4,150,321 29,330 59,658 303 -- 4,239,612 Commercial: Commercial 736,377 74,254 14,402 50 134 825,217 Agricultural 146,065 24 2,190 23 -- 148,302 Total commercial 882,442 74,278 16,592 73 134 973,519 Other 26,962 -- -- -- -- 26,962 Loans acquired 4,782,384 198,314 93,378 -- -- 5,074,076 Total $ 10,302,189 $ 301,922 $ 175,064 $ 376 $ 134 $ 10,779,685 (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 Net (charge-offs)/recoveries for the years ended December 31, 2017 2016, (In thousands) 2017 2016 Consumer: Credit cards $ (2,884 ) $ (2,288 ) Other consumer (1,528 ) (1,459 ) Total consumer (4,412 ) (3,747 ) Real estate: Construction 100 (16 ) Single family residential (1,045 ) (706 ) Other commercial (6,054 ) (6,444 ) Total real estate (6,999 ) (7,166 ) Commercial: Commercial (7,734 ) (1,255 ) Agricultural -- (2,336 ) Total commercial (7,734 ) (3,591 ) Total $ (19,145 ) $ (14,504 ) 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 not 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 years ended December 31, 2017 2016. one not (In thousands) Commercial Real Credit Other Total December 31, 2017 Balance, beginning of year (2) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 Provision for loan losses (1) 7,002 12,463 2,889 2,173 24,527 Charge-offs (7,837 ) (7,989 ) (3,905 ) (3,767 ) (23,498 ) Recoveries 103 990 1,021 2,239 4,353 Net charge-offs (7,734 ) (6,999 ) (2,884 ) (1,528 ) (19,145 ) Balance, end of year (2) $ 7,007 $ 27,281 $ 3,784 $ 3,596 $ 41,668 Period-end amount allocated to: Loans individually evaluated for impairment $ -- $ 338 $ -- $ -- $ 338 Loans collectively evaluated for impairment 7,007 26,943 3,784 3,596 41,330 Balance, end of year (2) $ 7,007 $ 27,281 $ 3,784 $ 3,596 $ 41,668 December 31, 2016 Balance, beginning of year (2) $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Provision for loan losses (1) 5,345 9,461 2,174 2,459 19,439 Charge-offs (3,956 ) (7,517 ) (3,195 ) (1,975 ) (16,643 ) Recoveries 365 351 907 516 2,139 Net charge-offs (3,591 ) (7,166 ) (2,288 ) (1,459 ) (14,504 ) Balance, end of year (2) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 Period-end amount allocated to: Loans individually evaluated for impairment $ 262 $ 417 $ -- $ 1 $ 680 Loans collectively evaluated for impairment 7,477 21,400 3,779 2,950 35,606 Balance, end of year (2) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 ( 1 Provision for loan losses of $1,866,000 December 31, 2017 ( December 31, 2017 $26,393,000 $2.4 December 31, 2017 $418,000. $626,000 December 31, 2016 ( December 31, 2016 $20,065,000 $626,000 no ( 2 Allowance for loan losses at December 31, 2017 $418,000 not December 31, 2016 2015 $954,000 December 31, 2017, 2016 2015 $42,086,000, $37,240,000 $32,305,000, Activity in the allowance for loan losses for the year ended December 31, 2015 (In thousands) Commercial Real Credit Other Total December 31, 2015 Balance, beginning of year $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 Provision for loan losses 258 5,738 665 1,625 8,286 Charge-offs (1,415 ) (1,580 ) (3,107 ) (1,672 ) (7,774 ) Recoveries 180 203 890 538 1,811 Net charge-offs (1,235 ) (1,377 ) (2,217 ) (1,134 ) (5,963 ) Balance, end of year $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 The Company’s recorded investment in loans, excluding loans acquired, as of December 31, 2017 2016 (In thousands) Commercial Real Credit Other Total December 31, 2017 Loans individually evaluated for impairment $ 7,610 $ 31,538 $ 170 $ 4,605 $ 43,923 Loans collectively evaluated for impairment 965,909 4,208,074 185,252 302,451 5,661,686 Balance, end of period $ 973,519 $ 4,239,612 $ 185,422 $ 307,056 $ 5,705,609 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 6 - Loans Acquired
Note 6 - Loans Acquired | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Loans Acquired [Text Block] | NOTE 6: LOANS ACQUIRED During the fourth 2017, $1.985 $2.021 $36.3 2, 310 20, Nonrefundable Fees and Other Costs not $11.4 $18.1 $6.7 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality not Also during the fourth 2017, $2.208 $2.246 $37.8 2, 310 20, Nonrefundable Fees and Other Costs not During the second 2017, $249.2 $254.2 $5.0 2, 310 20, Nonrefundable Fees and Other Costs not $2.4 $3.4 $990,000 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality During the third 2016, $340.1 $348.8 $8.7 2, 310 20, Nonrefundable Fees and Other Costs not $757,000 $1.6 $848,000 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality During the first 2015, $769.9 $774.8 $4.9 2, 310 20, Nonrefundable Fees and Other Costs not $10.7 $15.7 $5.0 310 30. Also during the first 2015, $1.13 $1.15 $23.7 2, 310 20. not $7.0 $10.1 $3.1 310 30. See Note 2, On September 15, 2015, 2010 2012 four Under the terms of the agreement, the FDIC made a net payment of $2,368,000 one $7,476,000. not not The following table reflects the carrying value of all loans acquired as of December 31, 2017 2016: Loans Acquired (In thousands) 2017 2016 Consumer: Other consumer $ 51,467 $ 49,677 Total consumer 51,467 49,677 Real estate: Construction 637,032 57,587 Single family residential 793,228 423,176 Other commercial 2,387,777 690,108 Total real estate 3,818,037 1,170,871 Commercial: Commercial 995,587 81,837 Agricultural 66,576 3,298 Total commercial 1,062,163 85,135 Other 142,409 -- Total loans acquired (1) $ 5,074,076 $ 1,305,683 ( 1 Loans acquired are reported net of a $418,000 $954,000 December 31, 2017 2016, Nonaccrual loans acquired, excluding purchased credit impaired loans accounted for under ASC Topic 310 30, 5, (In thousands) December 31, December 31, Consumer: Other consumer $ 334 $ 456 Total consumer 334 456 Real estate: Construction 1,767 7,961 Single family residential 12,151 13,366 Other commercial 7,401 22,045 Total real estate 21,319 43,372 Commercial: Commercial 1,748 2,806 Agricultural 84 198 Total commercial 1,832 3,004 Total $ 23,485 $ 46,832 An age analysis of past due loans acquired segregated by class of loans, is as follows (see Note 5, (In thousands) Gross 90 Days Total Current Total 90 Days December 31, 2017 Consumer: Other consumer $ 889 $ 260 $ 1,149 $ 50,318 $ 51,467 $ 108 Total consumer 889 260 1,149 50,318 51,467 108 Real estate: Construction 2,577 1,448 4,025 633,007 637,032 279 Single family residential 12,936 3,302 16,238 776,990 793,228 126 Other commercial 17,176 5,647 22,823 2,364,954 2,387,777 2,565 Total real estate 32,689 10,397 43,086 3,774,951 3,818,037 2,970 Commercial: Commercial 2,344 1,039 3,383 992,204 995,587 67 Agricultural 51 -- 51 66,525 66,576 -- Total commercial 2,395 1,039 3,434 1,058,729 1,062,163 67 Other 15 -- 15 142,394 142,409 -- Total $ 35,988 $ 11,696 $ 47,684 $ 5,026,392 $ 5,074,076 $ 3,145 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 loans acquired by credit risk rating, segregated by class of loans (see Note 5, 310 30 1 4 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2017 Consumer: Other consumer $ 50,625 $ 21 $ 821 $ -- $ -- $ 51,467 Total consumer Real estate: Construction 468,610 166,710 1,712 -- -- 637,032 Single family residential 770,954 2,618 19,656 -- -- 793,228 Other commercial 2,337,097 15,064 35,616 -- -- 2,387,777 Total real estate 3,576,661 184,392 56,984 3,818,037 Commercial: Commercial 946,322 13,901 35,364 -- -- 995,587 Agricultural 66,367 -- 209 -- -- 66,576 Total commercial 1,012,689 13,901 35,573 -- -- 1,062,163 Other 142,409 -- -- -- -- 142,409 Total $ 4,782,384 $ 198,314 $ 93,378 $ -- $ -- $ 5,074,076 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 following is a summary of the loans acquired in the OKSB acquisition on October 19, 2017, (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 2,021,388 $ 18,136 Non-accretable difference (expected losses and foregone interest) -- (6,731 ) Cash flows expected to be collected at acquisition 2,021,388 11,405 Accretable yield (36,340 ) -- Basis in acquired loans at acquisition $ 1,985,048 $ 11,405 The following is a summary of the loans acquired in the First Texas acquisition on October 19, 2017, (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 2,246,212 $ -- Non-accretable difference (expected losses and foregone interest) -- -- Cash flows expected to be collected at acquisition 2,246,212 -- Accretable yield (37,834 ) -- Basis in acquired loans at acquisition $ 2,208,378 $ -- The following is a summary of the loans acquired in the Hardeman acquisition on May 15, 2017, (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 254,189 $ 3,452 Non-accretable difference (expected losses and foregone interest) -- (990 ) Cash flows expected to be collected at acquisition 254,189 2,462 Accretable yield (5,002 ) -- Basis in acquired loans at acquisition $ 249,187 $ 2,462 The following is a summary of the loans acquired in the Citizens acquisition on September 9, 2016, (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 348,756 $ 1,605 Non-accretable difference (expected losses and foregone interest) -- (848 ) Cash flows expected to be collected at acquisition 348,756 757 Accretable yield (8,663 ) -- Basis in acquired loans at acquisition $ 340,093 $ 757 The following is a summary of the loans acquired in the Liberty acquisition on February 27, 2015, (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 774,777 $ 15,716 Non-accretable difference (expected losses and foregone interest) -- (4,978 ) Cash flows expected to be collected at acquisition 774,777 10,738 Accretable yield (4,869 ) 12 Basis in acquired loans at acquisition $ 769,908 $ 10,750 The following is a summary of the loans acquired in the Community First acquisition on February 27, 2015, (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 1,153,255 $ 10,143 Non-accretable difference (expected losses and foregone interest) -- (3,247 ) Cash flows expected to be collected at acquisition 1,153,255 6,896 Accretable yield (23,712 ) 104 Basis in acquired loans at acquisition $ 1,129,543 $ 7,000 In addition to the accretable yield on acquired loans not may may not no The impact of these adjustments on the Company’s financial results for the years ended December 31, 2017, 2016 2015 (In thousands) 2017 2016 2015 Impact on net interest income $ 4,105 $ 3,072 $ 19,995 Non-interest income (1) -- -- (7,719 ) Net impact to pre-tax income 4,105 3,072 12,276 Net impact, net of taxes $ 2,495 $ 1,867 $ 7,461 ( 1 Negative non-interest income resulted from the amortization of the FDIC indemnification assets. Because the Company’s loss share agreements with the FDIC have been terminated, there will be no These adjustments will be recognized over the remaining lives of the purchased credit impaired loans. The accretable yield adjustments recorded in future periods will change as the Company continues to evaluate expected cash flows from the purchased credit impaired loans. Changes in the carrying amount of the accretable yield for all purchased impaired loans were as follows for the years ended December 31, 2017, 2016 2015. (In thousands) Accretable Carrying Balance, January 1, 2015 $ 20,635 $ 169,098 Additions (116 ) 17,750 Accretable yield adjustments 6,593 -- Accretion (21,038 ) 21,038 Payments and other reductions, net (5,120 ) (184,417 ) Balance, December 31, 2015 954 23,469 Additions 19 757 Accretable yield adjustments 5,122 -- Accretion (4,440 ) 4,440 Payments and other reductions, net -- (10,864 ) Balance, December 31, 2016 1,655 17,802 Additions -- 13,793 Accretable yield adjustments 4,893 -- Accretion (5,928 ) 5,928 Payments and other reductions, net -- (20,407 ) Balance, December 31, 2017 $ 620 $ 17,116 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 losses for loans acquired resulting in a total allowance on loans acquired of $418,000 December 31, 2017 $954,000 December 31, 2016 2015. The purchase and assumption agreements for the FDIC-assisted acquisitions allowed for the FDIC to recover a portion of the funds previously paid out under the indemnification agreement in the event losses failed to reach the expected loss level under a claw back provision (“true-up provision”). The amount of the true-up provision for each acquisition was measured and recorded at Day 1 Under the terms of the loss share termination agreement, the FDIC made a net payment of $2.4 one $7.5 The following table presents a summary of the changes in the FDIC true-up provision for the year ended December 31, 2015 September 2015 no December 31, 2017 2016. (In thousands) FDIC True-up Balance, January 1, 2015 $ 8,308 Amortization expense 107 Adjustments related to changes in expected losses 720 Loss share termination agreement (9,135 ) Balance, December 31, 2015 $ -- |
Note 7 - Goodwill and Other Int
Note 7 - Goodwill and Other Intangible Assets | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 7: GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill is tested annually, or more often than annually, if circumstances warrant, for impairment. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated, and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not $842.7 December 31, 2017 $348.5 December 31, 2016. The Company recorded $228.9 $238.0 $29.4 $4.1 third 2017. $21.5 2016 $95.2 $110.4 $13.3 2015 2017, 2016 2015. Core deposit premiums are amortized over periods ranging from 10 15 $42.1 $7.3 $7.8 2017 $5.1 2016 $11.3 $14.6 2015 third 2015, $382,000. Intangible assets are being amortized over various periods ranging from 10 15 $830,000 2017 $591,000 2016 $420,000 2015. 2015, $9.7 $1.3 third 2017. The Company recorded $3.8 2017 The Company’s goodwill and other intangibles (carrying basis and accumulated amortization) at December 31, 2017 2016 (In thousands) 2017 2016 Goodwill $ 842,651 $ 348,505 Core deposit premiums: Gross carrying amount 105,984 48,692 Accumulated amortization (16,659 ) (10,625 ) Core deposit premiums, net 89,325 38,067 Books of business intangible: Gross carrying amount 15,414 15,884 Accumulated amortization (2,827 ) (1,716 ) Books of business intangible, net 12,587 14,168 Other intangibles: Gross carrying amount 6,037 2,068 Accumulated amortization (1,878 ) (1,344 ) Other intangibles, net 4,159 724 Other intangible assets, net 106,071 52,959 Total goodwill and other intangible assets $ 948,722 $ 401,464 Core deposit premium amortization expense recorded for the years ended December 31, 2017, 2016 2015 $6.0 $4.4 $3.9 December 31, 2017, 2016 2015 $414,000 December 31, 2017, 2016 2015 $1.1 $1.1 $528,000, The Company’s estimated remaining amortization expense on intangibles as of December 31, 2017 Year (In thousands) 2018 $ 11,355 2019 11,045 2020 11,032 2021 10,970 2022 10,918 Thereafter 50,751 Total $ 106,071 |
Note 8 - Time Deposits
Note 8 - Time Deposits | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 8: TIME DEPOSITS Time deposits included approximately $735,970,000 $600,280,000 $100,000 December 31, 2017 2016, $396,771,000 $193,596,000 $250,000 December 31, 2017 2016, Brokered time deposits were $159,586,000 $7,040,000 December 31, 2017 2016, 2018 $966,158,000; 2019 $660,371,000; 2020 $170,969,000; 2021 $75,599,000; 2022 $59,633,000. Deposits are the Company's primary funding source for loans and investment securities. The mix and repricing alternatives can significantly affect the cost of this source of funds and, therefore, impact the interest margin. |
Note 9 - Income Taxes
Note 9 - Income Taxes | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 9: INCOME TAXES The provision for income taxes for the years ended December 31 (In thousands) 2017 2016 2015 Income taxes currently payable $ 38,732 $ 36,792 $ 19,301 Deferred income taxes 23,251 9,832 13,599 Provision for income taxes $ 61,983 $ 46,624 $ 32,900 The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows as of December 31, 2017 2016: (In thousands) 2017 2016 Deferred tax assets: Loans acquired $ 19,885 $ 7,986 Allowance for loan losses 10,773 14,754 Valuation of foreclosed assets 2,852 3,958 Tax NOLs from acquisition 7,821 13,077 Deferred compensation payable 2,433 2,785 Accrued equity and other compensation 5,302 8,107 Acquired securities 578 1,098 Unrealized loss on available-for-sale securities 6,107 9,559 Other 8,813 7,101 Gross deferred tax assets 64,564 68,425 Deferred tax liabilities: Goodwill and other intangible amortization (32,572 ) (29,601 ) Accumulated depreciation (8,945 ) (5,370 ) Other (4,413 ) (5,877 ) Gross deferred tax liabilities (45,930 ) (40,848 ) Net deferred tax asset, included in other assets $ 18,634 $ 27,577 A reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense is shown below for the years ended December 31: (In thousands) 2017 2016 2015 Computed at the statutory rate (35%) $ 54,223 $ 50,203 $ 37,543 Increase (decrease) in taxes resulting from: State income taxes, net of federal tax benefit 1,582 2,121 2,097 Discrete items related to ASU 2016-09 (1,480 ) -- -- Tax exempt interest income (5,135 ) (5,112 ) (5,432 ) Impact of DTA remeasurement 11,471 -- -- Section 382 adjustment -- -- (2,293 ) Other differences, net 1,322 (588 ) 985 Actual tax provision $ 61,983 $ 46,624 $ 32,900 The Company follows ASC Topic 740, Income Taxes not not fifty not first no not first no 740 no 2018 On December 22, 2017, “2017 2017 35% 21% December 31, 2017. December 22, 2017 21% 2017 one $11.5 On December 22, 2017, No. 118 118” 2017 118 not one 2017 740, 2017 740 2017 740 not 2017 not not December 31, 2017. 2017 2017 may In February 2018, No. 2018 02, Income Statement-Reporting Comprehensive Income (Topic 220 2018 02” 2017 2018 02 2018 02 fourth 2017, $3.0 The amount of unrecognized tax benefits may Section 382 2015 382 $35.6 382 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 2014 2014 |
Note 10 - Securities Sold Under
Note 10 - Securities Sold Under Agreements to Repurchase | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | NOTE 10: 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 $122.0 $102.4 December 31, 2017 2016, December 31, 2017 2016 Remaining Contractual Maturity of the Agreements (In thousands) Overnight and Up to 30 Days 30-90 Days Greater than Total December 31, 2017 Repurchase agreements: U.S. Government agencies $ 122,019 $ -- $ -- $ -- $ 122,019 December 31, 2016 Repurchase agreements: U.S. Government agencies $ 101,647 $ -- $ -- $ 757 $ 102,404 |
Note 11 - Other Borrowings and
Note 11 - Other Borrowings and Subordinated Debentures | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 11: OTHER BORROWINGS AND SUBORDINATED DEBENTURES Debt at December 31, 2017 2016 (In thousands) 2017 2016 Other Borrowings FHLB advances, net of discount, due 2018 to 2033, 1.20% to 7.37% secured by residential real estate loans $ 1,261,642 $ 225,230 Revolving credit agreement, due 10/5/2018, floating rate of 1.50% above the one month LIBOR rate, unsecured 75,000 -- Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured 43,382 47,929 Total other borrowings 1,380,024 273,159 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 9,327 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 10,284 10,130 Trust preferred securities, net of discount, due 12/5/2033, floating rate of 2.88% above the three month LIBOR rate, reset quarterly, callable without penalty 5,156 5,161 Trust preferred securities, net of discount, due 10/18/2034, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty 5,148 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 10,288 10,156 Trust preferred securities, due 12/15/2035, floating rate of 1.45% above the three month LIBOR rate, reset quarterly, callable without penalty 6,702 -- Trust preferred securities, due 6/26/2033, floating rate of 3.10% above the three month LIBOR rate, reset quarterly, callable without penalty 20,619 -- Trust preferred securities, due 10/7/2033, floating rate of 2.85% above the three month LIBOR rate, reset quarterly, callable without penalty 25,774 -- Trust preferred securities, due 9/15/2037, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty 8,248 -- Other subordinated debentures, net of discount, due 9/30/2023, floating rate equal to daily average of prime rate, reset quarterly 18,399 -- Total subordinated debentures 140,565 60,397 Total other borrowings and subordinated debentures $ 1,520,589 $ 333,556 In connection with the OKSB and First Texas acquisitions on October 19, 2017, $75.9 $6.7 May 15, 2017. In October 2017, may $75.0 October 5, 2018, During October 2015, $52.3 3.85% 10 5 October 2020. $36.0 2013 At December 31, 2017, $1.1 one The Company had total FHLB advances of $1.3 December 31, 2017, $2.258 $3.785 December 31, 2017. The trust preferred securities are tax-advantaged issues that qualified for Tier 1 December 31, 2017, $15 2 December 31, 2017. The Company’s long-term debt includes subordinated debt, notes payable and FHLB advances with an original maturity of greater than one December 31, 2017 Year (In thousands) 2018 $ 23,093 2019 7,486 2020 36,222 2021 2,165 2022 1,314 Thereafter 148,307 Total $ 218,587 |
Note 12 - Capital Stock
Note 12 - Capital Stock | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Capital Stock Disclosure [Text Block] | NOTE 12: CAPITAL STOCK On February 27, 2009, 40,040,000 $0.01 $80,000,000. On January 18, 2018, two one 100% January 30, 2018 ( February 9, 2018. two one On February 27, 2015, 30,852 1 1% February 18, 2016, 9%. January 29, 2016, On July 23, 2012, 850,000 5% no may not |
Note 13 - Transactions With Rel
Note 13 - Transactions With Related Parties | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 13: TRANSACTIONS WITH RELATED PARTIES At December 31, 2017 2016, $58.9 2017 $65.8 2016. (In thousands) 2017 2016 Balance, beginning of year $ 65,834 $ 58,404 New extensions of credit 9,092 18,298 Repayments (16,059 ) (10,868 ) Balance, end of year $ 58,867 $ 65,834 In management's opinion, such loans and other extensions of credit and deposits (which were not not |
Note 14 - Employee Benefit Plan
Note 14 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 14: EMPLOYEE BENEFIT PLANS Retirement Plans The Company has a 401 December 31, 2016, 401 one $6,343,000, $5,488,000 $6,278,000 2017, 2016 2015, The Company also provides deferred compensation agreements with certain active and retired officers. The agreements provide monthly payments of retirement compensation for either stated periods or for the life of the participant. The charges to income for the plans were $1,596,000 2017, $1,056,000 2016 $804,000 2015. Employee Stock Purchase Plan The Company established an Employee Stock Purchase Plan in 2015 $25,000 95% 95% The special stock offering is available to substantially all non-highly compensated employees with at least six may $10,000 85% 85% Stock-Based Compensation Plans The Company’s Board of Directors has adopted various stock-based compensation plans. The plans provide for the grant of incentive stock options, nonqualified stock options, stock appreciation rights and bonus stock awards. Pursuant to the plans, shares are reserved for future issuance by the Company upon exercise of stock options or awarding of bonus shares granted to directors, officers and other key employees. Stock-based compensation expense for all stock-based compensation awards granted after January 1, 2006, may not not The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that uses various assumptions. Expected volatility is based on historical volatility of the Company’s stock and other factors. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Forfeitures are estimated at the time of grant, and are based partially on historical experience. Share and per share information regarding Stock-Based Compensation Plans has been adjusted to reflect the effects of the Company’s two one February 8, 2018. December 31, 2017, 2016 2015, Stock Options Stock Awards Stock Units Number Weighted Number Weighted Number Weighted Balance, December 31, 2014 240 $ 13.86 454 $ 15.94 -- $ -- Granted 750 22.35 190 21.73 40 18.58 Stock Options Exercised (142 ) 11.29 -- -- -- -- Stock Options from Acquisitions 132 10.22 -- -- -- -- Stock Awards/Units Vested -- -- (262 ) 17.39 -- -- Forfeited/Expired (10 ) 12.25 (40 ) 17.68 -- -- Balance, December 31, 2015 970 20.31 342 17.83 40 18.58 Granted 116 23.51 272 23.46 216 23.48 Stock Options Exercised (128 ) 15.14 -- -- -- -- Stock Awards/Units Vested -- -- (318 ) 20.96 (25 ) 22.77 Forfeited/Expired (12 ) 17.53 (18 ) 21.85 (6 ) 23.51 Balance, December 31, 2016 946 21.43 278 20.48 225 22.70 Granted -- -- -- -- 849 28.86 Stock Options Exercised (122 ) 17.66 -- -- -- -- Stock Awards/Units Vested -- -- (91 ) 19.40 (392 ) 27.13 Forfeited/Expired (12 ) 22.67 (25 ) 21.91 (30 ) 25.76 Balance, December 31, 2017 812 $ 21.98 162 $ 20.86 652 $ 27.92 Exercisable, December 31, 2017 711 $ 21.85 The following table summarizes information about stock options under the plans outstanding at December 31, 2017: Options Outstanding Options Exercisable Range of Number Weighted Weighted Number Weighted $8.78 - $10.57 7 2.36 $ 9.64 7 $ 9.64 10.65 - 10.65 7 5.06 10.65 4 10.65 10.76 - 10.76 3 2.05 10.76 3 10.76 15.16 - 15.16 36 0.41 15.16 36 15.16 20.29 - 20.29 78 7.00 20.29 78 20.29 20.36 - 20.36 3 6.88 20.36 2 20.36 22.20 - 22.20 82 6.93 22.20 57 22.20 22.75 - 22.75 481 7.15 22.75 481 22.75 23.51 - 23.51 108 7.82 23.51 36 23.51 24.07 - 24.07 7 7.71 24.07 7 24.07 $8.78 - $24.07 812 6.83 $ 21.98 711 $ 21.85 Stock-based compensation expense was $11,763,000 2017, $5,451,000 2016 $4,018,000 2015. $264,000 December 31, 2017. $23.3 December 31, 2017. 2.3 The intrinsic value of stock options outstanding and stock options exercisable at December 31, 2017 $5,342,000 $4,761,000. $28.55 December 31, 2017, 122,012 2017, $1,329,000. 127,424 2016, $2,031,000. 142,736 2015, $2,054,000. 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 December 31, 2017. December 31, 2016 $5.82 December 31, 2015 $3.91 December 31, 2016 2015 2016 2015 Expected dividend yield 1.96 % 2.06 % Expected stock price volatility 27.34 % 16.96 % Risk-free interest rate 2.01 % 2.17 % Expected life of options (in years) 7 10 |
Note 15 - Additional Cash Flow
Note 15 - Additional Cash Flow Information | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | NOTE 15: ADDITIONAL CASH FLOW INFORMATION The following is a summary of the Company’s additional cash flow information during the years ended December 31: (In thousands) 2017 2016 2015 Interest paid $ 39,384 $ 22,069 $ 21,700 Income taxes paid 35,770 39,824 20,127 Transfers of loans not covered by FDIC loss share to foreclosed assets and other real estate owned 6,983 4,604 16,456 Transfers of loans acquired covered by FDIC loss share to foreclosed assets covered by FDIC loss share -- -- 4,349 Transfers of foreclosed assets covered by FDIC loss share to foreclosed assets and other real estate owned -- -- 13,895 Transfers of loans acquired covered by FDIC loss share to loans acquired not covered by FDIC loss share -- -- 88,922 Transfers of premises to foreclosed assets and other real estate owned 5,422 -- -- Transfers of premises held for sale to foreclosed assets and other real estate owned 3,188 652 6,126 In connection with the OKSB, First Texas, Hardeman, Citizens, Community First, Liberty, and Ozark Trust acquisitions, accounted for by using the purchase method, the Company acquired assets and assumed liabilities as follows: (In thousands) 2017 2016 2015 Assets acquired $ 5,582,495 $ 585,500 $ 2,996,228 Liabilities assumed 5,022,824 530,695 2,680,140 Purchase price 1,055,993 76,300 535,003 Goodwill $ 496,322 $ 21,495 $ 218,915 |
Note 16 - Other Operating Expen
Note 16 - Other Operating Expenses | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Other Income and Other Expense Disclosure [Text Block] | NOTE 16: OTHER OPERATING EXPENSES Other operating expenses consist of the following: (In thousands) 2017 2016 2015 Professional services $ 19,500 $ 14,630 $ 9,583 Postage 4,686 4,599 4,219 Telephone 4,262 4,294 4,817 Credit card expense 12,188 11,328 9,157 Marketing 11,141 6,929 6,337 Operating supplies 1,980 1,824 2,395 Amortization of intangibles 7,668 5,945 4,889 Branch right sizing expense 434 3,600 3,297 Other expense 27,020 20,364 20,001 Total other operating expenses $ 88,879 $ 73,513 $ 64,695 The Company had aggregate annual equipment rental expense of approximately $2.2 2017, $2.3 2016 $2.6 2015. $1,335,000, $1,338,000 $1,463,000 2017, 2016 2015, $5,580,000 2017, $4,643,000 2016 $4,216,000 2015. |
Note 17 - Fair Value Measuremen
Note 17 - Fair Value Measurements | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 17: FAIR VALUE MEASUREMENTS ASC Topic 820, Fair Value Measurements ASC Topic 820 820 three may · Level 1 · Level 2 1 not · Level 3 no In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not may may may may not not 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 not 3 1 2 Assets held in trading accounts 2 Derivative instruments – 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 December 31, 2017 2016. Fair Value Measurements (In thousands) Fair Value Quoted Prices in Significant Other Significant December 31, 2017 Available-for-sale securities U.S. Government agencies $ 139,724 $ -- $ 139,724 $ -- Mortgage-backed securities 1,187,317 -- 1,187,317 -- States and political subdivisions 143,165 -- 143,165 -- Other securities 119,311 -- 119,311 -- Other assets held for sale 165,780 -- -- 165,780 Derivative asset 3,634 -- 3,634 -- Other liabilities held for sale (157,366 ) -- -- (157,366 ) Derivative liability (3,068 ) -- (3,068 ) -- December 31, 2016 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 -- Derivative asset 1,199 -- 1,199 -- Derivative liability (1,274 ) -- (1,274 ) -- Certain financial assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not Impaired loans (collateral dependent) not 3 Appraisals are updated at renewal, if not $1.5 one two may 1 3 310 Foreclosed assets and other real estate owned 3 December 31, 2017 2016, $32.1 $26.9 The significant unobservable inputs (Level 3 may 3 10% 40% Mortgage loans held for sale not may 2 3 3. December 31, 2017 2016, no The following table sets forth the Company’s financial assets by level within the fair value hierarchy that were measured at fair value on a nonrecurring basis as of December 31, 2017 2016. Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant December 31, 2017 Impaired loans (1) (2) $ 11,229 $ -- $ -- $ 11,229 Foreclosed assets and other real estate owned (1) 24,093 -- -- 24,093 December 31, 2016 Impaired loans (1) (2) $ 17,154 $ -- $ -- $ 17,154 Foreclosed assets held for sale (1) 17,806 -- -- 17,806 ( 1 ( 2 $2,195,000 $2,384,000 December 31, 2017 2016, ASC Topic 825, Financial Instruments not not Cash and cash equivalents 1 Interest bearing balances due from banks 2 Held-to-maturity securities 1 not may 2 1 2 not 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 not may not The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows: Carrying Fair Value Measurements (In thousands) Amount Level 1 Level 2 Level 3 Total December 31, 2017 Financial assets: Cash and cash equivalents $ 598,042 $ 598,042 $ -- $ -- $ 598,042 Interest bearing balances due from banks - time 3,314 -- 3,314 -- 3,314 Held-to-maturity securities 368,058 -- 373,298 -- 373,298 Mortgage loans held for sale 24,038 -- -- 24,038 24,038 Interest receivable 43,528 -- 43,528 -- 43,528 Legacy loans (net of allowance) 5,663,941 -- -- 5,646,505 5,646,505 Loans acquired (net of allowance) 5,074,076 -- -- 5,058,455 5,058,455 Financial liabilities: Non-interest bearing transaction accounts 2,665,249 -- 2,665,249 -- 2,665,249 Interest bearing transaction accounts and savings deposits 6,494,896 -- 6,494,896 -- 6,494,896 Time deposits 1,932,730 -- -- 1,915,539 1,915,539 Federal funds purchased and securities sold under agreements to repurchase 122,444 -- 122,444 -- 122,444 Other borrowings 1,380,024 -- 1,381,365 -- 1,381,365 Subordinated debentures 140,565 -- 136,474 -- 136,474 Interest payable 4,564 -- 4,564 -- 4,564 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 |
Note 18 - Commitments and Credi
Note 18 - Commitments and Credit Risk | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | NOTE 18: COMMITMENTS AND CREDIT RISK The Company grants agri-business, commercial and residential loans to customers throughout Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas, 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 may may not may At December 31, 2017, $564,592,000 $3,086,696,000 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 $47,621,000 $29,362,000 December 31, 2017 2016, 9 15 December 31, 2017 2016, no At December 31, 2017, not 5% |
Note 19 - New Accounting Standa
Note 19 - New Accounting Standards | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | NOTE 19: NEW ACCOUNTING STANDARDS Recently Adopted Accounting Standards Reporting Comprehensive Income February 2018, No. 2018 02, Income Statement-Reporting Comprehensive Income (Topic 220 2018 02” 2017 2018 02 1 2 December 15, 2018, 2018 02 fourth 2017, $3.0 Premium Amortization on Purchased Callable Debt Securities March 2017, No. 2017 08, Receivables – Nonrefundable Fees and Other Costs (Topic 310 20 2017 08” not December 15, 2018, 2017 08 first 2017. not Employee Share-Based Payments March 2016, No. 2016 09, Compensation – Stock Compensation (Topic 718 2016 09” no 2016 09 2016 09 2016 09 December 15, 2016. not $1.7 December 31, 2017. Business Combinations: Pushdown Accounting September 2015, 2015 16 Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments 2015 16” 2015 16 2015 16 2015 16 December 15, 2016 not Business Combinations: Pushdown Accounting May 2015, 2015 08 Business Combinations: Pushdown Accounting – Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 2015 08” 2015 08 5.J 805 50, 2015 08 not Consolidation Analysis February 2015, 2015 02, Consolidation (Topic 810 2015 02” 2015 02 810 2015 02 December 15, 2015. not Recently Issued Accounting Standards Derivatives and Hedging: Targeted Improvements August 2017, No. 2017 12, Derivatives and Hedging (Topic 815 2017 12” 1 2 3 4 5 December 15, 2018, not Stock Compensation: Scope of Modification Accounting May 2017, No. 2017 09, Compensation – Stock Compensation (Topic 718 2017 09” 1 2 718, may 2017 09 December 15, 2017, not 2017 09 not Goodwill Impairment January 2017, No. 2017 04, Intangibles – Goodwill and Other (Topic 350 2017 04” 2 not December 15, 2019, 2017. 2017 04 not Statement of Cash Flows August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 2016 15” December 15, 2017, may no not Credit Losses on Financial Instruments June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13” 2016 13 December 15, 2019, one first one Leases February 2016, No. 2016 02, Leases (Topic 842 2016 02” December 15, 2018, December 31, 2017, not Financial Assets and Financial Liabilities January 2016, No. 2016 01, Financial Instruments – Overall (Subtopic 825 10 2016 01” December 15, 2017, 2016 01 not not Revenue Recognition May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09” July 2015, No. 2015 14, December 15, 2017. not not 2015 14, not 2014 09 not not Presently, the Company is not |
Note 20 - Contingent Liabilitie
Note 20 - Contingent Liabilities | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 20: CONTINGENT LIABILITIES The Company and/or its subsidiaries have various unrelated legal proceedings, which, in the aggregate, are not |
Note 21 - Stockholders' Equity
Note 21 - Stockholders' Equity | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Restrictions on Dividends, Loans and Advances [Text Block] | NOTE 21: STOCKHOLDERS’ EQUITY The Company’s subsidiary banks are subject to a legal limitations on dividends that can be paid to the parent company without prior approval of the applicable regulatory agencies. For the lead subsidiary bank, Simmons Bank, 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% December 31, 2017 December 31, 2017, $7.5 The Company’s subsidiary banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s regulators could require adjustments to regulatory capital not Effective January 1, 2015, July 2013 1 CET1 4.5% 1 2.5% CET1 January 1, 2016 0.625% January 1, 2019. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 1 1 December 31, 2017, As of the most recent notification from regulatory agencies, the bank subsidiaries were well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Company and its subsidiary banks must maintain minimum total risk-based, Tier 1 1 1 no The Company’s and the subsidiary banks’ actual capital amounts and ratios are presented in the following table. Actual Minimum To Be Well (In thousands) Amount Ratio (%) Amount Ratio (%) Amount Ratio (%) As of December 31, 2017 Total Risk-Based Capital Ratio Simmons First National Corporation $ 1,388,970 11.4 $ 974,716 8.0 $ N/A Simmons Bank 877,728 12.1 580,316 8.0 725,395 10.0 Bank SNB 259,077 10.9 190,148 8.0 237,685 10.0 Southwest Bank 297,164 11.0 216,119 8.0 270,149 10.0 Tier 1 Risk-Based Capital Ratio Simmons First National Corporation 1,199,457 9.8 734,361 6.0 N/A Simmons Bank 835,787 11.5 436,063 6.0 581,417 8.0 Bank SNB 255,360 10.7 143,193 6.0 190,923 8.0 Southwest Bank 294,874 10.9 162,316 6.0 216,421 8.0 Common Equity Tier 1 Capital Ratio Simmons First National Corporation 1,199,457 9.8 550,771 4.5 N/A Simmons Bank 835,787 11.5 327,047 4.5 472,401 6.5 Bank SNB 255,360 10.7 107,394 4.5 155,125 6.5 Southwest Bank 294,874 10.9 121,737 4.5 175,842 6.5 Tier 1 Leverage Ratio Simmons First National Corporation 1,199,457 9.2 521,503 4.0 N/A Simmons Bank 835,787 9.2 363,386 4.0 454,232 5.0 Bank SNB 255,360 10.1 101,133 4.0 126,416 5.0 Southwest Bank 294,874 12.2 96,680 4.0 120,850 5.0 As of December 31, 2016 Total Risk-Based Capital Ratio Simmons First National Corporation $ 912,948 15.1 $ 483,681 8.0 $ N/A Simmons Bank 830,921 13.8 481,693 8.0 602,117 10.0 Tier 1 Risk-Based Capital Ratio Simmons First National Corporation 872,707 14.5 361,120 6.0 N/A Simmons Bank 790,673 13.2 359,397 6.0 479,196 8.0 Common Equity Tier 1 Capital Ratio Simmons First National Corporation 812,310 13.5 270,770 4.5 N/A Simmons Bank 790,673 13.2 269,548 4.5 389,347 6.5 Tier 1 Leverage Ratio Simmons First National Corporation 872,707 11.0 317,348 4.0 N/A Simmons Bank 790,673 10.0 316,269 4.0 395,337 5.0 |
Note 22 - Condensed Financial I
Note 22 - Condensed Financial Information (Parent Company Only) | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | NOTE 22: CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) CONDENSED BALANCE SHEETS DECEMBER 31, 2017 2016 (In thousands) 2017 2016 ASSETS Cash and cash equivalents $ 19,101 $ 93,266 Investment securities 2,789 79 Investments in wholly-owned subsidiaries 2,288,687 1,141,294 Loans 993 1,083 Intangible assets, net 133 133 Premises and equipment 10,369 11,534 Other assets 31,181 27,955 TOTAL ASSETS $ 2,353,253 $ 1,275,344 LIABILITIES Short-term debt $ 75,000 $ -- Long-term debt 183,947 108,326 Other liabilities 9,742 15,907 Total liabilities 268,689 124,233 STOCKHOLDERS’ EQUITY Common stock 920 626 Surplus 1,586,034 711,663 Undivided profits 514,874 454,034 Accumulated other comprehensive loss Unrealized depreciation on available-for-sale securities, net of income taxes of ($6,108) and ($9,818) at December 31, 2017 and 2016 respectively (17,264 ) (15,212 ) Total stockholders’ equity 2,084,564 1,151,111 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,353,253 $ 1,275,344 CONDENSED STATEMENTS OF INCOME YEARS ENDED DECEMBER 31, 2017, 2016 2015 (In thousands) 2017 2016 2015 INCOME Dividends from subsidiaries $ 69,107 $ 83,710 $ 84,128 Other income 4,111 2,465 2,303 Income 73,218 86,175 86,431 EXPENSE 32,234 21,990 24,594 Income before income taxes and equity in undistributed net income of subsidiaries 40,984 64,185 61,837 Provision for income taxes (12,311 ) (7,557 ) (8,251 ) Income before equity in undistributed net income of subsidiaries 53,295 71,742 70,088 Equity in undistributed net income of subsidiaries 39,645 25,072 4,276 NET INCOME 92,940 96,814 74,364 Preferred stock dividends -- 24 257 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 92,940 $ 96,790 $ 74,107 CONDENSED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2017, 2016 2015 (In thousands) 2017 2016 2015 NET INCOME $ 92,940 $ 96,814 $ 74,364 OTHER COMPREHENSIVE INCOME Equity in other comprehensive income (loss) income of subsidiaries 964 (12,547 ) (1,329 ) COMPREHENSIVE INCOME $ 93,904 $ 84,267 $ 73,035 CONDENSED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2017, 2016 2015 (In thousands) 2017 2016 2015 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 92,940 $ 96,814 $ 74,364 Items not requiring (providing) cash Stock-based compensation expense 10,681 3,418 4,018 Depreciation and amortization 1,183 700 317 Deferred income taxes 1,190 (2,526 ) 1,287 Equity in undistributed net income of bank subsidiaries (39,645 ) (25,072 ) (4,276 ) Changes in Other assets 8,585 2,816 (15,232 ) Other liabilities (6,769 ) (1,358 ) 13,121 Net cash provided by operating activities 68,165 74,792 73,599 CASH FLOWS FROM INVESTING ACTIVITIES Net originations of loans 90 (1,710 ) -- Net purchases of premises and equipment (18 ) (6,896 ) 56 Additional investment in subsidiary (15,000 ) -- -- Proceeds from maturities of available-for-sale securities 42 1,973 -- Purchases of available-for-sale securities (2,752 ) (3 ) (354 ) Cash received (paid) in business combinations (100,468 ) (35,048 ) 44,173 Net cash (used in) provided by investing activities (118,106 ) (41,684 ) 43,875 CASH FLOWS FROM FINANCING ACTIVITIES Issuance (repayment) of long-term debt, net 8,014 (4,544 ) 8,126 Issuance of common stock, net 2,878 4,938 3,529 Dividends paid on preferred stock -- (24 ) (257 ) Dividends paid on common stock (35,116 ) (28,743 ) (27,026 ) Redemption of preferred stock -- (30,852 ) -- Net cash used in financing activities (24,224 ) (59,225 ) (15,628 ) (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (74,165 ) (26,117 ) 101,846 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 93,266 119,383 17,537 CASH AND CASH EQUIVALENTS, END OF YEAR $ 19,101 $ 93,266 $ 119,383 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Nature of Operations and Principles of Consolidation Simmons First National Corporation (the “Company”) is primarily engaged in providing a full range of banking services to individual and corporate customers through its subsidiaries and their branch banks with offices. We are headquartered in Pine Bluff, Arkansas and conduct banking operations in communities throughout Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas. We offer consumer, real estate and commercial loans, checking, savings and time deposits from our 200 The consolidated financial statements include the accounts of Simmons First National Corporation and its subsidiaries, including Simmons Bank, Bank SNB and Southwest Bank. Significant intercompany accounts and transactions have been eliminated in consolidation. |
Segment Reporting, Policy [Policy Text Block] | Operating Segments Operating segments are components of an enterprise about which separate financial information is available that is regularly evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company is organized on a divisional basis. Each of the divisions provide a group of similar community banking services, including such products and services as loans; time deposits, checking and savings accounts; personal and corporate trust services; credit cards; investment management; insurance; and securities and investment services. Loan products include consumer, real estate, commercial, agricultural, equipment and SBA lending. The individual bank divisions have similar operating and economic characteristics. While the chief operating decision maker monitors the revenue streams of the various products, services, branch locations and divisions, operations are managed, financial performance is evaluated, and management makes decisions on how to allocate resources on a Company-wide basis. Accordingly, the divisions are considered by management to be aggregated into one The Company also considers its trust, investment and insurance services to be operating segments. Information on these segments is not not 280 10 50 12. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements, in accordance with accounting principles generally accepted in the United States (“US GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses and disclosure of contingent assets and liabilities. The estimates and assumptions used in the accompanying consolidated financial statements are based upon management’s evaluation of the relevant facts and circumstances as of the date of the consolidated financial statements and actual results may Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and the valuation of acquired loans and related indemnification asset. Management obtains independent appraisals for significant properties in connection with the determination of the allowance for loan losses and the valuation of foreclosed assets. |
Reclassification, Policy [Policy Text Block] | Reclassifications Certain gains and fees were reclassified within non-interest income categories in the 2016 2017 not |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Equivalents The Company considers all liquid investments with original maturities of three |
Investment, Policy [Policy Text Block] | Investment Securities Held-to-maturity securities, which include any security for which the Company has the positive intent and ability to hold until maturity, are carried at historical cost adjusted for amortization of premiums and accretion of discounts. Premiums and discounts are amortized and accreted, respectively, to interest income using the constant yield method over the period to maturity. Available-for-sale securities, which include any security for which the Company has no may Trading securities, which include any security held primarily for near-term sale, are carried at fair value. Gains and losses on trading securities are included in other income. The Company applies accounting guidance related to recognition and presentation of other-than-temporary impairment under ASC Topic 320 10. not not, not As a result of this guidance, the Company’s consolidated statements of income reflect the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not no not not not |
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block] | Mortgage Loans Held For Sale Mortgage loans held for sale are carried at the lower of cost or fair value, determined using an aggregate basis. Write-downs to fair value are recognized as a charge to earnings at the time the decline in value occurs. Forward commitments to sell mortgage loans are acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sale. The forward commitments acquired by the Company for mortgage loans in process of origination are not not not December 31, 2017 2016 not not |
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] | Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-offs are reported at their outstanding principal adjusted for any loans charged off, the allowance for loan losses and any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans, except on certain government guaranteed loans, is discontinued at the time the loan is 90 Discounts and premiums on purchased residential real estate loans are amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method. For discussion of the Company’s accounting for acquired loans, see Acquisition Accounting, Covered Loans and Related Indemnification Asset later in this section. |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses The allowance for loan losses is management’s estimate of probable losses in the loan portfolio. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Allocations to the allowance for loan losses are categorized as either general reserves or specific reserves. The allowance for loan losses is calculated monthly based on management’s assessment of several factors such as ( 1 2 3 4 5 6 7 8 one four Specific reserves are provided on loans that are considered impaired when it is probable that we will not 90 not 90 Management’s evaluation of the allowance for loan losses is inherently subjective as it requires material estimates. The actual amounts of loan losses realized in the near term could differ from the amounts estimated in arriving at the allowance for loan losses reported in the financial statements. |
Commitments and Contingencies, Policy [Policy Text Block] | Reserve for Unfunded Commitments In addition to the allowance for loan losses, the Company has established a reserve for unfunded commitments, classified in other liabilities. This reserve is maintained at a level sufficient to absorb losses arising from unfunded loan commitments. The adequacy of the reserve for unfunded commitments is determined monthly based on methodology similar to the Company’s methodology for determining the allowance for loan losses. Net adjustments to the reserve for unfunded commitments are included in other non-interest expense. |
Business Combinations Policy [Policy Text Block] | Acquisition Accounting, Acquired Loans The Company accounts for its acquisitions under ASC Topic 805, Business Combinations No 820. The Company evaluates non-impaired loans acquired in accordance with the provisions of ASC Topic 310 20, Nonrefundable Fees and Other Costs 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality not For impaired loans accounted for under ASC Topic 310 30, |
Deteriorated Loans Transferred in, Policy [Policy Text Block] | Covered Loans and Related Indemnification Asset In September 2015, 2010 2012 four Under the terms of the agreement, the FDIC made a net payment of $2,368,000 one $7,476,000. For further discussion of our acquisition and loan accounting, see Note 2, 6, |
Trust Assets Policy [Policy Text Block] | Trust Assets Trust assets (other than cash deposits) held by the Company in fiduciary or agency capacities for its customers are not not |
Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are capitalized and amortized by the straight-line method over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. |
Premises Held-for-sale, Policy [Policy Text Block] | Premises Held for Sale The Company records premises held for sale at the lower of ( 1 2 |
Real Estate Held for Development and Sale, Policy [Policy Text Block] | Foreclosed Assets Held For Sale Assets acquired by foreclosure or in settlement of debt and held for sale are valued at estimated fair value as of the date of foreclosure, and a related valuation allowance is provided for estimated costs to sell the assets. Management evaluates the value of foreclosed assets held for sale periodically and increases the valuation allowance for any subsequent declines in fair value. Changes in the valuation allowance are charged or credited to other expense. |
Bank Owned Life Insurance [Policy Text Block] | Bank Owned Life Insurance The Company maintains bank-owned life insurance policies on certain current and former employees and directors, which are recorded at their cash surrender values as determined by the insurance carriers. The appreciation in the cash surrender value of the policies is recognized as a component of non-interest income in the Company’s consolidated statements of income. |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that also lack physical substance but can be separately distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. The Company performs an annual goodwill impairment test, and more frequently if circumstances warrant, in accordance with ASC Topic 350, Intangibles – Goodwill and Other 350 may not |
Derivatives, Policy [Policy Text Block] | Derivative Financial Instruments The Company may For derivatives designated as hedging the exposure to changes in the fair value of the hedged item, the gain or loss is recognized in earnings in the period of change together with the offsetting loss or gain of the hedging instrument. The fair value hedges are considered to be highly effective and any hedge ineffectiveness was deemed not The notional amount of the swaps was $303.5 December 31, 2017, $99.2 December 31, 2016. |
Repurchase and Resale Agreements Policy [Policy Text Block] | Securities Sold Under Agreements to Repurchase The Company sells securities under agreements to repurchase to meet customer needs for sweep accounts. At the point funds deposited by customers become investable, those funds are used to purchase securities owned by the Company and held in its general account with the designation of Customers’ Securities. A third not |
Investment Banking Fees, Policy [Policy Text Block] | Bankcard Fee Income Periodic bankcard fees, net of direct origination costs, are recognized as revenue on a straight-line basis over the period the fee entitles the cardholder to use the card. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance in ASC Topic 740, Income Taxes two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not 50 not 50 not not not not The Company files consolidated income tax returns with its subsidiaries. |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share Basic earnings per share are computed based on the weighted average number of shares outstanding during each year. Diluted earnings per share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period. All share and per share amounts have been restated to reflect the effect of the two one February 2018. The computation of per share earnings is as follows: (In thousands, except per share data) 2017 2016 2015 Net income available to common shareholders $ 92,940 $ 96,790 $ 74,107 Average common shares outstanding 69,385 61,291 56,168 Average potential dilutive common shares 468 636 252 Average diluted common shares 69,853 61,927 56,420 Basic earnings per share $ 1.34 $ 1.58 $ 1.32 Diluted earnings per share $ 1.33 $ 1.56 $ 1.31 There were no December 31, 2017, 2016 2015. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation The Company has adopted various stock-based compensation plans. The plans provide for the grant of incentive stock options, nonqualified stock options, stock appreciation rights and bonus stock awards. Pursuant to the plans, shares are reserved for future issuance by the Company, upon exercise of stock options or awarding of bonus shares granted to directors, officers and other key employees. In accordance with ASC Topic 718, Compensation – Stock Compensation 14, |
Note 1 - Summary of Significa32
Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (In thousands, except per share data) 2017 2016 2015 Net income available to common shareholders $ 92,940 $ 96,790 $ 74,107 Average common shares outstanding 69,385 61,291 56,168 Average potential dilutive common shares 468 636 252 Average diluted common shares 69,853 61,927 56,420 Basic earnings per share $ 1.34 $ 1.58 $ 1.32 Diluted earnings per share $ 1.33 $ 1.56 $ 1.31 |
Note 2 - Acquisitions (Tables)
Note 2 - Acquisitions (Tables) | 12 Months Ended |
Dec. 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 $ 79,517 $ -- $ 79,517 Investment securities 485,468 (1,295 ) 484,173 Loans acquired 2,039,524 (43,071 ) 1,996,453 Allowance for loan losses (26,957 ) 26,957 -- Foreclosed assets 6,284 (1,127 ) 5,157 Premises and equipment 21,210 5,457 26,667 Bank owned life insurance 28,704 -- 28,704 Goodwill 13,545 (13,545 ) -- Core deposit intangible 1,933 40,191 42,124 Other intangibles 3,806 -- 3,806 Other assets 33,455 (8,929 ) 24,526 Total assets acquired $ 2,686,489 $ 4,638 $ 2,691,127 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 485,971 $ -- $ 485,971 Interest bearing transaction accounts and savings deposits 869,252 -- 869,252 Time deposits 613,345 (2,213 ) 611,132 Total deposits 1,968,568 (2,213 ) 1,966,355 Securities sold under agreement to repurchase 11,256 -- 11,256 Other borrowings 347,000 -- 347,000 Subordinated debentures 46,393 -- 46,393 Accrued interest and other liabilities 17,440 5,364 22,804 Total liabilities assumed 2,390,657 3,151 2,393,808 Equity 295,832 (295,832 ) -- Total equity assumed 295,832 (295,832 ) -- Total liabilities and equity assumed $ 2,686,489 $ (292,681 ) $ 2,393,808 Net assets acquired 297,319 Purchase price 526,251 Goodwill $ 228,932 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 59,277 $ -- $ 59,277 Investment securities 81,114 (596 ) 80,518 Loans acquired 2,246,212 (37,834 ) 2,208,378 Allowance for loan losses (20,864 ) 20,664 (200 ) Premises and equipment 24,864 10,123 34,987 Bank owned life insurance 7,190 -- 7,190 Goodwill 37,227 (37,227 ) -- Core deposit intangible -- 7,328 7,328 Other assets 18,263 12,703 30,966 Total assets acquired $ 2,453,283 $ (24,839 ) $ 2,428,444 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 74,410 $ -- $ 74,410 Interest bearing transaction accounts and savings deposits 1,683,298 -- 1,683,298 Time deposits 124,233 (283 ) 123,950 Total deposits 1,881,941 (283 ) 1,881,658 Securities sold under agreement to repurchase 50,000 -- 50,000 Other borrowings 235,000 -- 235,000 Subordinated debentures 30,323 (811 ) 29,512 Accrued interest and other liabilities 11,727 1,463 13,190 Total liabilities assumed 2,208,991 369 2,209,360 Equity 244,292 (244,292 ) -- Total equity assumed 244,292 (244,292 ) -- Total liabilities and equity assumed $ 2,453,283 $ (243,923 ) $ 2,209,360 Net assets acquired 219,084 Purchase price 457,103 Goodwill $ 238,019 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 8,001 $ -- $ 8,001 Interest bearing balances due from banks - time 1,984 -- 1,984 Investment securities 170,654 (285 ) 170,369 Loans acquired 257,641 (5,992 ) 251,649 Allowance for loan losses (2,382 ) 2,382 -- Foreclosed assets 1,083 (452 ) 631 Premises and equipment 9,905 1,258 11,163 Bank owned life insurance 7,819 -- 7,819 Goodwill 11,485 (11,485 ) -- Core deposit intangible -- 7,840 7,840 Other intangibles -- 830 830 Other assets 2,639 (1 ) 2,638 Total assets acquired $ 468,829 $ (5,905 ) $ 462,924 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 76,555 $ -- $ 76,555 Interest bearing transaction accounts and savings deposits 214,872 -- 214,872 Time deposits 97,917 (368 ) 97,549 Total deposits 389,344 (368 ) 388,976 Securities sold under agreement to repurchase 17,163 -- 17,163 Other borrowings 3,000 -- 3,000 Subordinated debentures 6,702 -- 6,702 Accrued interest and other liabilities 1,891 1,924 3,815 Total liabilities assumed 418,100 1,556 419,656 Equity 50,729 (50,729 ) -- Total equity assumed 50,729 (50,729 ) -- Total liabilities and equity assumed $ 468,829 $ (49,173 ) $ 419,656 Net assets acquired 43,268 Purchase price 72,639 Goodwill $ 29,371 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 131,467 $ (351 ) $ 131,116 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 $ (55 ) $ 585,149 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 52,924 Purchase price 76,300 Goodwill $ 23,376 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks, including time deposits $ 102,637 $ (14 ) $ 102,623 Federal funds sold 7,060 -- 7,060 Investment securities 99,123 (335 ) 98,788 Loans acquired, not covered by FDIC loss share 790,493 (9,835 ) 780,658 Allowance for loan losses (10,422 ) 10,422 -- Premises and equipment 34,239 (3,215 ) 31,024 Bank owned life insurance 16,972 -- 16,972 Core deposit intangible 699 13,857 14,556 Other intangibles 3,063 (3,063 ) -- Other assets 17,703 (3,112 ) 14,591 Total assets acquired $ 1,061,567 $ 4,705 $ 1,066,272 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 146,618 $ -- $ 146,618 Interest bearing transaction accounts and savings deposits 543,183 -- 543,183 Time deposits 184,913 -- 184,913 Total deposits 874,714 -- 874,714 FHLB borrowings 46,128 223 46,351 Subordinated debentures 20,620 (510 ) 20,110 Accrued interest and other liabilities 7,828 300 8,128 Total liabilities assumed 949,290 13 949,303 Equity 112,277 (112,277 ) -- Total equity assumed 112,277 (112,277 ) -- Total liabilities and equity assumed $ 1,061,567 $ (112,264 ) $ 949,303 Net assets acquired 116,969 Purchase price 212,176 Goodwill $ 95,207 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash and due from banks $ 39,848 $ -- $ 39,848 Federal funds sold 76,508 -- 76,508 Investment securities 570,199 (3,381 ) 566,818 Loans acquired, not covered by FDIC loss share 1,163,398 (26,855 ) 1,136,543 Allowance for loan losses (14,635 ) 14,635 -- Foreclosed assets not covered by FDIC loss share 747 -- 747 Premises and equipment 44,837 (2,794 ) 42,043 Bank owned life insurance 22,149 -- 22,149 Goodwill 100 (100 ) -- Core deposit intangible -- 11,273 11,273 Other intangibles -- 420 420 Deferred tax asset 3,700 3,538 7,238 Other assets 11,474 -- 11,474 Total assets acquired $ 1,918,325 $ (3,264 ) $ 1,915,061 Liabilities Assumed Deposits: Non-interest bearing transaction accounts $ 103,825 $ -- $ 103,825 Interest bearing transaction accounts and savings deposits 995,207 -- 995,207 Time deposits 436,181 849 437,030 Total deposits 1,535,213 849 1,536,062 Federal funds purchased and securities sold under agreement to repurchase 16,230 -- 16,230 FHLB borrowings 143,047 674 143,721 Subordinated debentures 21,754 (840 ) 20,914 Accrued interest and other liabilities 8,769 601 9,370 Total liabilities assumed 1,725,013 1,284 1,726,297 Equity 193,312 (193,312 ) -- Total equity assumed 193,312 (193,312 ) -- Total liabilities and equity assumed $ 1,918,325 $ (192,028 ) $ 1,726,297 Net assets acquired 188,764 Purchase price 299,204 Goodwill $ 110,440 (In thousands) Acquired from Fair Value Fair Assets Acquired Cash $ 1,756 $ -- $ 1,756 Investment securities 241 -- 241 Premises and equipment 1,126 418 1,544 Other intangibles -- 9,733 9,733 Other assets 752 869 1,621 Total assets acquired $ 3,875 $ 11,020 $ 14,895 Liabilities Assumed Deferred tax liability 63 4,175 4,238 Accrued and other liabilities 302 -- 302 Total liabilities assumed 365 4,175 4,540 Equity 3,510 (3,510 ) -- Total equity assumed 3,510 (3,510 ) -- Total liabilities and equity assumed $ 3,875 $ 665 $ 4,540 Net assets acquired 10,355 Purchase price 23,623 Goodwill $ 13,268 |
Business Acquisition, Pro Forma Information [Table Text Block] | (In thousands, except per share data) 2017 2016 Revenue (1) $ 654,358 $ 620,461 Net income $ 130,947 $ 136,199 Diluted earnings per share $ 1.43 $ 1.52 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Investment [Table Text Block] | Years Ended December 31 2017 2016 (In thousands) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Held-to-Maturity U.S. Government agencies $ 46,945 $ 7 $ (228 ) $ 46,724 $ 76,875 $ 107 $ (182 ) $ 76,800 Mortgage-backed securities 16,132 8 (287 ) 15,853 19,773 63 (249 ) 19,587 State and political subdivisions 301,491 5,962 (222 ) 307,231 362,532 4,967 (842 ) 366,657 Other securities 3,490 -- -- 3,490 2,916 -- -- 2,916 Total HTM $ 368,058 $ 5,977 $ (737 ) $ 373,298 $ 462,096 $ 5,137 $ (1,273 ) $ 465,960 Available-for-Sale U.S. Treasury $ -- $ -- $ -- $ -- $ 300 $ -- $ -- $ 300 U.S. Government agencies 141,559 116 (1,951 ) 139,724 140,005 67 (2,301 ) 137,771 Mortgage-backed securities 1,208,017 246 (20,946 ) 1,187,317 885,783 178 (17,637 ) 868,324 State and political subdivisions 144,642 532 (2,009 ) 143,165 108,374 38 (5,469 ) 102,943 Other securities 118,106 1,206 (1 ) 119,311 47,022 996 (2 ) 48,016 Total AFS $ 1,612,324 $ 2,100 $ (24,907 ) $ 1,589,517 $ 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 December 31, 2017 Held-to-Maturity U.S. Government agencies $ 11,961 $ 6 $ 32,778 $ 222 $ 44,739 $ 228 Mortgage-backed securities 5,471 47 8,946 240 14,417 287 State and political subdivisions 40,299 198 1,887 24 42,186 222 Total HTM $ 57,731 $ 251 $ 43,611 $ 486 $ 101,342 $ 737 Available-for-Sale U.S. Government agencies $ 91,988 $ 921 $ 25,742 $ 1,030 $ 117,730 $ 1,951 Mortgage-backed securities 510,770 4,516 609,329 16,430 1,120,099 20,946 State and political subdivisions 25,049 202 75,404 1,807 100,453 2,009 Other securities -- -- 99 1 99 1 Total AFS $ 627,807 $ 5,639 $ 710,574 $ 19,268 $ 1,338,381 $ 24,907 December 31, 2016 Held-to-Maturity U.S. Government agencies $ 32,859 $ 141 $ 19,959 $ 41 $ 52,818 $ 182 Mortgage-backed securities 11,833 205 1,465 44 13,298 249 State and political subdivisions 104,974 841 330 1 105,304 842 Total HTM $ 149,666 $ 1,187 $ 21,754 $ 86 $ 171,420 $ 1,273 Available-for-Sale U.S. Government agencies $ 126,325 $ 2,301 $ -- $ -- $ 126,325 $ 2,301 Mortgage-backed securities 833,393 17,637 -- -- 833,393 17,637 State and political subdivisions 94,922 5,469 -- -- 94,922 5,469 Other securities 99 2 -- -- 99 2 Total AFS $ 1,054,739 $ 25,409 $ -- $ -- $ 1,054,739 $ 25,409 |
Investment Income [Table Text Block] | (In thousands) 2017 2016 2015 Taxable Held-to-maturity $ 2,521 $ 3,778 $ 5,162 Available-for-sale 25,996 17,928 12,129 Non-taxable Held-to-maturity 8,693 10,641 11,635 Available-for-sale 2,905 1,132 1,687 Total $ 40,115 $ 33,479 $ 30,613 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Held-to-Maturity Available-for-Sale (In thousands) Amortized Fair Amortized Fair Value One year or less $ 46,377 $ 46,255 $ 590 $ 591 After one through five years 85,451 85,581 35,616 35,246 After five through ten years 92,361 93,400 24,203 23,953 After ten years 127,737 132,209 225,892 223,198 Securities not due on a single maturity date 16,132 15,853 1,208,017 1,187,317 Other securities (no maturity) -- -- 118,006 119,212 Total $ 368,058 $ 373,298 $ 1,612,324 $ 1,589,517 |
Note 5 - Loans and Allowance 35
Note 5 - Loans and Allowance for Loan Losses (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) 2017 2016 Consumer: Credit cards $ 185,422 $ 184,591 Other consumer 280,094 303,972 Total consumer 465,516 488,563 Real estate: Construction 614,155 336,759 Single family residential 1,094,633 904,245 Other commercial 2,530,824 1,787,075 Total real estate 4,239,612 3,028,079 Commercial: Commercial 825,217 639,525 Agricultural 148,302 150,378 Total commercial 973,519 789,903 Other 26,962 20,662 Loans 5,705,609 4,327,207 Loans acquired, net of discount and allowance (1) 5,074,076 1,305,683 Total loans $ 10,779,685 $ 5,632,890 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) 2017 2016 Consumer: Credit cards $ 170 $ 373 Other consumer 4,605 1,793 Total consumer 4,775 2,166 Real estate: Construction 2,242 3,411 Single family residential 13,431 12,139 Other commercial 16,054 12,385 Total real estate 31,727 27,935 Commercial: Commercial 6,980 7,765 Agricultural 2,160 1,238 Total commercial 9,140 9,003 Total $ 45,642 $ 39,104 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days December 31, 2017 Consumer: Credit cards $ 707 $ 672 $ 1,379 $ 184,043 $ 185,422 $ 332 Other consumer 5,009 3,298 8,307 271,787 280,094 10 Total consumer 5,716 3,970 9,686 455,830 465,516 342 Real estate: Construction 411 1,210 1,621 612,534 614,155 -- Single family residential 8,071 6,460 14,531 1,080,102 1,094,633 1 Other commercial 2,388 8,031 10,419 2,520,405 2,530,824 -- Total real estate 10,870 15,701 26,571 4,213,041 4,239,612 1 Commercial: Commercial 1,523 6,125 7,648 817,569 825,217 -- Agricultural 50 2,120 2,170 146,132 148,302 Total commercial 1,573 8,245 9,818 963,701 973,519 -- Other -- -- -- 26,962 26,962 -- Total $ 18,159 $ 27,916 $ 46,075 $ 5,659,534 $ 5,705,609 $ 343 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 December 31, 2017 Consumer: Credit cards $ 170 $ 170 $ -- $ 170 $ -- $ 268 $ 47 Other consumer 4,755 4,605 -- 4,605 -- 3,089 106 Total consumer 4,925 4,775 -- 4,775 -- 3,357 153 Real estate: Construction 2,522 1,347 895 2,242 249 2,711 93 Single family residential 14,347 12,725 706 13,431 53 12,904 443 Other commercial 22,308 6,732 9,133 15,865 36 18,624 639 Total real estate 39,177 20,804 10,734 31,538 338 34,239 1,175 Commercial: Commercial 9,954 4,306 2,269 6,575 -- 11,670 400 Agricultural 3,278 1,035 -- 1,035 -- 1,522 52 Total commercial 13,232 5,341 2,269 7,610 -- 13,192 452 Total $ 57,334 $ 30,920 $ 13,003 $ 43,923 $ 338 $ 50,788 $ 1,780 December 31, 2016 Consumer: Credit cards $ 373 $ 373 $ -- $ 373 $ -- $ 346 $ 20 Other consumer 1,836 1,797 3 1,800 1 1,066 47 Total consumer 2,209 2,170 3 2,173 1 1,412 67 Real estate: Construction 4,275 1,038 2,374 3,412 156 4,436 196 Single family residential 12,970 10,630 1,753 12,383 162 9,486 419 Other commercial 20,993 6,891 7,315 14,206 99 14,932 659 Total real estate 38,238 18,559 11,442 30,001 417 28,854 1,274 Commercial: Commercial 11,848 2,734 7,573 10,307 262 4,666 206 Agricultural 2,226 1,215 -- 1,215 -- 1,046 46 Total commercial 14,074 3,949 7,573 11,522 262 5,712 252 Total $ 54,521 $ 24,678 $ 19,018 $ 43,696 $ 680 $ 35,978 $ 1,593 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Accruing TDR Loans Nonaccrual TDR Loans Total TDR Loans (Dollars in thousands) Number Balance Number Balance Number Balance December 31, 2017 Real estate: Construction -- $ -- $ 1 $ 420 $ 1 $ 420 Single-family residential 4 141 15 954 19 1,095 Other commercial 4 4,322 5 3,712 9 8,034 Total real estate 8 4,463 21 5,086 29 9,549 Commercial: Commercial 5 2,644 6 745 11 3,389 Total commercial 5 2,644 6 745 11 3,389 Total 13 $ 7,107 27 $ 5,831 40 $ 12,938 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 Year Ended December 31, 2017 Real estate: Construction 1 $ 456 $ 456 $ 456 $ -- $ -- Single-family residential 1 139 130 130 -- -- Other commercial 3 7,715 7,715 7,715 -- 33 Total real estate 5 8,310 8,301 8,301 -- 33 Commercial: Commercial 11 2,691 2,604 2,565 39 -- Total commercial 11 2,691 2,604 2,565 39 -- Total 16 $ 11,001 $ 10,905 $ 10,866 $ 39 $ 33 Year Ended December 31, 2016 Consumer: Other consumer 2 $ 50 $ 11 $ 11 $ -- $ -- Total consumer 2 50 11 11 -- -- Real estate: Single-family residential 23 1,570 1,518 964 554 -- Other commercial 28 10,291 10,260 9,128 1,132 -- Total real estate 51 11,861 11,778 10,092 1,686 -- Commercial: Commercial 17 1,996 1,968 1,968 -- -- Total commercial 17 1,996 1,968 1,968 -- -- Total 70 $ 13,907 $ 13,757 $ 12,071 $ 1,686 $ -- |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2017 Consumer: Credit cards $ 184,920 $ -- $ 502 $ -- $ -- $ 185,422 Other consumer 275,160 -- 4,934 -- -- 280,094 Total consumer 460,080 -- 5,436 -- -- 465,516 Real estate: Construction 603,126 5,795 5,218 16 -- 614,155 Single family residential 1,066,902 3,954 23,490 287 -- 1,094,633 Other commercial 2,480,293 19,581 30,950 -- -- 2,530,824 Total real estate 4,150,321 29,330 59,658 303 -- 4,239,612 Commercial: Commercial 736,377 74,254 14,402 50 134 825,217 Agricultural 146,065 24 2,190 23 -- 148,302 Total commercial 882,442 74,278 16,592 73 134 973,519 Other 26,962 -- -- -- -- 26,962 Loans acquired 4,782,384 198,314 93,378 -- -- 5,074,076 Total $ 10,302,189 $ 301,922 $ 175,064 $ 376 $ 134 $ 10,779,685 (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 |
Schedule of Net (charge-offs)/recoveries, excluding loans acquired [Table Text Block] | (In thousands) 2017 2016 Consumer: Credit cards $ (2,884 ) $ (2,288 ) Other consumer (1,528 ) (1,459 ) Total consumer (4,412 ) (3,747 ) Real estate: Construction 100 (16 ) Single family residential (1,045 ) (706 ) Other commercial (6,054 ) (6,444 ) Total real estate (6,999 ) (7,166 ) Commercial: Commercial (7,734 ) (1,255 ) Agricultural -- (2,336 ) Total commercial (7,734 ) (3,591 ) Total $ (19,145 ) $ (14,504 ) |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (In thousands) Commercial Real Credit Other Total December 31, 2017 Balance, beginning of year (2) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 Provision for loan losses (1) 7,002 12,463 2,889 2,173 24,527 Charge-offs (7,837 ) (7,989 ) (3,905 ) (3,767 ) (23,498 ) Recoveries 103 990 1,021 2,239 4,353 Net charge-offs (7,734 ) (6,999 ) (2,884 ) (1,528 ) (19,145 ) Balance, end of year (2) $ 7,007 $ 27,281 $ 3,784 $ 3,596 $ 41,668 Period-end amount allocated to: Loans individually evaluated for impairment $ -- $ 338 $ -- $ -- $ 338 Loans collectively evaluated for impairment 7,007 26,943 3,784 3,596 41,330 Balance, end of year (2) $ 7,007 $ 27,281 $ 3,784 $ 3,596 $ 41,668 December 31, 2016 Balance, beginning of year (2) $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Provision for loan losses (1) 5,345 9,461 2,174 2,459 19,439 Charge-offs (3,956 ) (7,517 ) (3,195 ) (1,975 ) (16,643 ) Recoveries 365 351 907 516 2,139 Net charge-offs (3,591 ) (7,166 ) (2,288 ) (1,459 ) (14,504 ) Balance, end of year (2) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 Period-end amount allocated to: Loans individually evaluated for impairment $ 262 $ 417 $ -- $ 1 $ 680 Loans collectively evaluated for impairment 7,477 21,400 3,779 2,950 35,606 Balance, end of year (2) $ 7,739 $ 21,817 $ 3,779 $ 2,951 $ 36,286 (In thousands) Commercial Real Credit Other Total December 31, 2015 Balance, beginning of year $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 Provision for loan losses 258 5,738 665 1,625 8,286 Charge-offs (1,415 ) (1,580 ) (3,107 ) (1,672 ) (7,774 ) Recoveries 180 203 890 538 1,811 Net charge-offs (1,235 ) (1,377 ) (2,217 ) (1,134 ) (5,963 ) Balance, end of year $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 |
Schedule of Loans by impairment evaluation [Table Text Block] | (In thousands) Commercial Real Credit Other Total December 31, 2017 Loans individually evaluated for impairment $ 7,610 $ 31,538 $ 170 $ 4,605 $ 43,923 Loans collectively evaluated for impairment 965,909 4,208,074 185,252 302,451 5,661,686 Balance, end of period $ 973,519 $ 4,239,612 $ 185,422 $ 307,056 $ 5,705,609 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 6 - Loans Acquired (Tables
Note 6 - Loans Acquired (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Carrying Value Of All Acquired Impaired Loans [Table Text Block] | Loans Acquired (In thousands) 2017 2016 Consumer: Other consumer $ 51,467 $ 49,677 Total consumer 51,467 49,677 Real estate: Construction 637,032 57,587 Single family residential 793,228 423,176 Other commercial 2,387,777 690,108 Total real estate 3,818,037 1,170,871 Commercial: Commercial 995,587 81,837 Agricultural 66,576 3,298 Total commercial 1,062,163 85,135 Other 142,409 -- Total loans acquired (1) $ 5,074,076 $ 1,305,683 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) 2017 2016 Consumer: Credit cards $ 170 $ 373 Other consumer 4,605 1,793 Total consumer 4,775 2,166 Real estate: Construction 2,242 3,411 Single family residential 13,431 12,139 Other commercial 16,054 12,385 Total real estate 31,727 27,935 Commercial: Commercial 6,980 7,765 Agricultural 2,160 1,238 Total commercial 9,140 9,003 Total $ 45,642 $ 39,104 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days December 31, 2017 Consumer: Credit cards $ 707 $ 672 $ 1,379 $ 184,043 $ 185,422 $ 332 Other consumer 5,009 3,298 8,307 271,787 280,094 10 Total consumer 5,716 3,970 9,686 455,830 465,516 342 Real estate: Construction 411 1,210 1,621 612,534 614,155 -- Single family residential 8,071 6,460 14,531 1,080,102 1,094,633 1 Other commercial 2,388 8,031 10,419 2,520,405 2,530,824 -- Total real estate 10,870 15,701 26,571 4,213,041 4,239,612 1 Commercial: Commercial 1,523 6,125 7,648 817,569 825,217 -- Agricultural 50 2,120 2,170 146,132 148,302 Total commercial 1,573 8,245 9,818 963,701 973,519 -- Other -- -- -- 26,962 26,962 -- Total $ 18,159 $ 27,916 $ 46,075 $ 5,659,534 $ 5,705,609 $ 343 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 December 31, 2017 Consumer: Credit cards $ 184,920 $ -- $ 502 $ -- $ -- $ 185,422 Other consumer 275,160 -- 4,934 -- -- 280,094 Total consumer 460,080 -- 5,436 -- -- 465,516 Real estate: Construction 603,126 5,795 5,218 16 -- 614,155 Single family residential 1,066,902 3,954 23,490 287 -- 1,094,633 Other commercial 2,480,293 19,581 30,950 -- -- 2,530,824 Total real estate 4,150,321 29,330 59,658 303 -- 4,239,612 Commercial: Commercial 736,377 74,254 14,402 50 134 825,217 Agricultural 146,065 24 2,190 23 -- 148,302 Total commercial 882,442 74,278 16,592 73 134 973,519 Other 26,962 -- -- -- -- 26,962 Loans acquired 4,782,384 198,314 93,378 -- -- 5,074,076 Total $ 10,302,189 $ 301,922 $ 175,064 $ 376 $ 134 $ 10,779,685 (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 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 2,021,388 $ 18,136 Non-accretable difference (expected losses and foregone interest) -- (6,731 ) Cash flows expected to be collected at acquisition 2,021,388 11,405 Accretable yield (36,340 ) -- Basis in acquired loans at acquisition $ 1,985,048 $ 11,405 (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 2,246,212 $ -- Non-accretable difference (expected losses and foregone interest) -- -- Cash flows expected to be collected at acquisition 2,246,212 -- Accretable yield (37,834 ) -- Basis in acquired loans at acquisition $ 2,208,378 $ -- (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 254,189 $ 3,452 Non-accretable difference (expected losses and foregone interest) -- (990 ) Cash flows expected to be collected at acquisition 254,189 2,462 Accretable yield (5,002 ) -- Basis in acquired loans at acquisition $ 249,187 $ 2,462 (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 348,756 $ 1,605 Non-accretable difference (expected losses and foregone interest) -- (848 ) Cash flows expected to be collected at acquisition 348,756 757 Accretable yield (8,663 ) -- Basis in acquired loans at acquisition $ 340,093 $ 757 (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 774,777 $ 15,716 Non-accretable difference (expected losses and foregone interest) -- (4,978 ) Cash flows expected to be collected at acquisition 774,777 10,738 Accretable yield (4,869 ) 12 Basis in acquired loans at acquisition $ 769,908 $ 10,750 (In thousands) Not Impaired Impaired Contractually required principal and interest at acquisition $ 1,153,255 $ 10,143 Non-accretable difference (expected losses and foregone interest) -- (3,247 ) Cash flows expected to be collected at acquisition 1,153,255 6,896 Accretable yield (23,712 ) 104 Basis in acquired loans at acquisition $ 1,129,543 $ 7,000 |
Tabular Temporal Display Of Adjustments Related To Purchased Covered Impaired Loans [Table Text Block] | (In thousands) 2017 2016 2015 Impact on net interest income $ 4,105 $ 3,072 $ 19,995 Non-interest income (1) -- -- (7,719 ) Net impact to pre-tax income 4,105 3,072 12,276 Net impact, net of taxes $ 2,495 $ 1,867 $ 7,461 |
Tabular Temporal Display of Accretable Yield [Table Text Block] | (In thousands) Accretable Carrying Balance, January 1, 2015 $ 20,635 $ 169,098 Additions (116 ) 17,750 Accretable yield adjustments 6,593 -- Accretion (21,038 ) 21,038 Payments and other reductions, net (5,120 ) (184,417 ) Balance, December 31, 2015 954 23,469 Additions 19 757 Accretable yield adjustments 5,122 -- Accretion (4,440 ) 4,440 Payments and other reductions, net -- (10,864 ) Balance, December 31, 2016 1,655 17,802 Additions -- 13,793 Accretable yield adjustments 4,893 -- Accretion (5,928 ) 5,928 Payments and other reductions, net -- (20,407 ) Balance, December 31, 2017 $ 620 $ 17,116 |
Summary Of The Changes In The FDIC True-Up Provision [Table Text Block] | (In thousands) FDIC True-up Balance, January 1, 2015 $ 8,308 Amortization expense 107 Adjustments related to changes in expected losses 720 Loss share termination agreement (9,135 ) Balance, December 31, 2015 $ -- |
Acquired Loans [Member] | |
Notes Tables | |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) December 31, December 31, Consumer: Other consumer $ 334 $ 456 Total consumer 334 456 Real estate: Construction 1,767 7,961 Single family residential 12,151 13,366 Other commercial 7,401 22,045 Total real estate 21,319 43,372 Commercial: Commercial 1,748 2,806 Agricultural 84 198 Total commercial 1,832 3,004 Total $ 23,485 $ 46,832 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Gross 90 Days Total Current Total 90 Days December 31, 2017 Consumer: Other consumer $ 889 $ 260 $ 1,149 $ 50,318 $ 51,467 $ 108 Total consumer 889 260 1,149 50,318 51,467 108 Real estate: Construction 2,577 1,448 4,025 633,007 637,032 279 Single family residential 12,936 3,302 16,238 776,990 793,228 126 Other commercial 17,176 5,647 22,823 2,364,954 2,387,777 2,565 Total real estate 32,689 10,397 43,086 3,774,951 3,818,037 2,970 Commercial: Commercial 2,344 1,039 3,383 992,204 995,587 67 Agricultural 51 -- 51 66,525 66,576 -- Total commercial 2,395 1,039 3,434 1,058,729 1,062,163 67 Other 15 -- 15 142,394 142,409 -- Total $ 35,988 $ 11,696 $ 47,684 $ 5,026,392 $ 5,074,076 $ 3,145 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 December 31, 2017 Consumer: Other consumer $ 50,625 $ 21 $ 821 $ -- $ -- $ 51,467 Total consumer Real estate: Construction 468,610 166,710 1,712 -- -- 637,032 Single family residential 770,954 2,618 19,656 -- -- 793,228 Other commercial 2,337,097 15,064 35,616 -- -- 2,387,777 Total real estate 3,576,661 184,392 56,984 3,818,037 Commercial: Commercial 946,322 13,901 35,364 -- -- 995,587 Agricultural 66,367 -- 209 -- -- 66,576 Total commercial 1,012,689 13,901 35,573 -- -- 1,062,163 Other 142,409 -- -- -- -- 142,409 Total $ 4,782,384 $ 198,314 $ 93,378 $ -- $ -- $ 5,074,076 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 7 - Goodwill and Other I37
Note 7 - Goodwill and Other Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | (In thousands) 2017 2016 Goodwill $ 842,651 $ 348,505 Core deposit premiums: Gross carrying amount 105,984 48,692 Accumulated amortization (16,659 ) (10,625 ) Core deposit premiums, net 89,325 38,067 Books of business intangible: Gross carrying amount 15,414 15,884 Accumulated amortization (2,827 ) (1,716 ) Books of business intangible, net 12,587 14,168 Other intangibles: Gross carrying amount 6,037 2,068 Accumulated amortization (1,878 ) (1,344 ) Other intangibles, net 4,159 724 Other intangible assets, net 106,071 52,959 Total goodwill and other intangible assets $ 948,722 $ 401,464 |
Core Deposit Premium [Member] | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Year (In thousands) 2018 $ 11,355 2019 11,045 2020 11,032 2021 10,970 2022 10,918 Thereafter 50,751 Total $ 106,071 |
Note 9 - Income Taxes (Tables)
Note 9 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | (In thousands) 2017 2016 2015 Income taxes currently payable $ 38,732 $ 36,792 $ 19,301 Deferred income taxes 23,251 9,832 13,599 Provision for income taxes $ 61,983 $ 46,624 $ 32,900 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (In thousands) 2017 2016 Deferred tax assets: Loans acquired $ 19,885 $ 7,986 Allowance for loan losses 10,773 14,754 Valuation of foreclosed assets 2,852 3,958 Tax NOLs from acquisition 7,821 13,077 Deferred compensation payable 2,433 2,785 Accrued equity and other compensation 5,302 8,107 Acquired securities 578 1,098 Unrealized loss on available-for-sale securities 6,107 9,559 Other 8,813 7,101 Gross deferred tax assets 64,564 68,425 Deferred tax liabilities: Goodwill and other intangible amortization (32,572 ) (29,601 ) Accumulated depreciation (8,945 ) (5,370 ) Other (4,413 ) (5,877 ) Gross deferred tax liabilities (45,930 ) (40,848 ) Net deferred tax asset, included in other assets $ 18,634 $ 27,577 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | (In thousands) 2017 2016 2015 Computed at the statutory rate (35%) $ 54,223 $ 50,203 $ 37,543 Increase (decrease) in taxes resulting from: State income taxes, net of federal tax benefit 1,582 2,121 2,097 Discrete items related to ASU 2016-09 (1,480 ) -- -- Tax exempt interest income (5,135 ) (5,112 ) (5,432 ) Impact of DTA remeasurement 11,471 -- -- Section 382 adjustment -- -- (2,293 ) Other differences, net 1,322 (588 ) 985 Actual tax provision $ 61,983 $ 46,624 $ 32,900 |
Note 10 - Securities Sold Und39
Note 10 - Securities Sold Under Agreements to Repurchase (Tables) | 12 Months Ended |
Dec. 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 December 31, 2017 Repurchase agreements: U.S. Government agencies $ 122,019 $ -- $ -- $ -- $ 122,019 December 31, 2016 Repurchase agreements: U.S. Government agencies $ 101,647 $ -- $ -- $ 757 $ 102,404 |
Note 11 - Other Borrowings an40
Note 11 - Other Borrowings and Subordinated Debentures (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | (In thousands) 2017 2016 Other Borrowings FHLB advances, net of discount, due 2018 to 2033, 1.20% to 7.37% secured by residential real estate loans $ 1,261,642 $ 225,230 Revolving credit agreement, due 10/5/2018, floating rate of 1.50% above the one month LIBOR rate, unsecured 75,000 -- Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured 43,382 47,929 Total other borrowings 1,380,024 273,159 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 9,327 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 10,284 10,130 Trust preferred securities, net of discount, due 12/5/2033, floating rate of 2.88% above the three month LIBOR rate, reset quarterly, callable without penalty 5,156 5,161 Trust preferred securities, net of discount, due 10/18/2034, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty 5,148 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 10,288 10,156 Trust preferred securities, due 12/15/2035, floating rate of 1.45% above the three month LIBOR rate, reset quarterly, callable without penalty 6,702 -- Trust preferred securities, due 6/26/2033, floating rate of 3.10% above the three month LIBOR rate, reset quarterly, callable without penalty 20,619 -- Trust preferred securities, due 10/7/2033, floating rate of 2.85% above the three month LIBOR rate, reset quarterly, callable without penalty 25,774 -- Trust preferred securities, due 9/15/2037, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty 8,248 -- Other subordinated debentures, net of discount, due 9/30/2023, floating rate equal to daily average of prime rate, reset quarterly 18,399 -- Total subordinated debentures 140,565 60,397 Total other borrowings and subordinated debentures $ 1,520,589 $ 333,556 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Year (In thousands) 2018 $ 23,093 2019 7,486 2020 36,222 2021 2,165 2022 1,314 Thereafter 148,307 Total $ 218,587 |
Note 13 - Transactions With R41
Note 13 - Transactions With Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | (In thousands) 2017 2016 Balance, beginning of year $ 65,834 $ 58,404 New extensions of credit 9,092 18,298 Repayments (16,059 ) (10,868 ) Balance, end of year $ 58,867 $ 65,834 |
Note 14 - Employee Benefit Pl42
Note 14 - Employee Benefit Plans (Tables) | 12 Months Ended |
Dec. 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, December 31, 2014 240 $ 13.86 454 $ 15.94 -- $ -- Granted 750 22.35 190 21.73 40 18.58 Stock Options Exercised (142 ) 11.29 -- -- -- -- Stock Options from Acquisitions 132 10.22 -- -- -- -- Stock Awards/Units Vested -- -- (262 ) 17.39 -- -- Forfeited/Expired (10 ) 12.25 (40 ) 17.68 -- -- Balance, December 31, 2015 970 20.31 342 17.83 40 18.58 Granted 116 23.51 272 23.46 216 23.48 Stock Options Exercised (128 ) 15.14 -- -- -- -- Stock Awards/Units Vested -- -- (318 ) 20.96 (25 ) 22.77 Forfeited/Expired (12 ) 17.53 (18 ) 21.85 (6 ) 23.51 Balance, December 31, 2016 946 21.43 278 20.48 225 22.70 Granted -- -- -- -- 849 28.86 Stock Options Exercised (122 ) 17.66 -- -- -- -- Stock Awards/Units Vested -- -- (91 ) 19.40 (392 ) 27.13 Forfeited/Expired (12 ) 22.67 (25 ) 21.91 (30 ) 25.76 Balance, December 31, 2017 812 $ 21.98 162 $ 20.86 652 $ 27.92 Exercisable, December 31, 2017 711 $ 21.85 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Range of Number Weighted Weighted Number Weighted $8.78 - $10.57 7 2.36 $ 9.64 7 $ 9.64 10.65 - 10.65 7 5.06 10.65 4 10.65 10.76 - 10.76 3 2.05 10.76 3 10.76 15.16 - 15.16 36 0.41 15.16 36 15.16 20.29 - 20.29 78 7.00 20.29 78 20.29 20.36 - 20.36 3 6.88 20.36 2 20.36 22.20 - 22.20 82 6.93 22.20 57 22.20 22.75 - 22.75 481 7.15 22.75 481 22.75 23.51 - 23.51 108 7.82 23.51 36 23.51 24.07 - 24.07 7 7.71 24.07 7 24.07 $8.78 - $24.07 812 6.83 $ 21.98 711 $ 21.85 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2016 2015 Expected dividend yield 1.96 % 2.06 % Expected stock price volatility 27.34 % 16.96 % Risk-free interest rate 2.01 % 2.17 % Expected life of options (in years) 7 10 |
Note 15 - Additional Cash Flo43
Note 15 - Additional Cash Flow Information (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | (In thousands) 2017 2016 2015 Interest paid $ 39,384 $ 22,069 $ 21,700 Income taxes paid 35,770 39,824 20,127 Transfers of loans not covered by FDIC loss share to foreclosed assets and other real estate owned 6,983 4,604 16,456 Transfers of loans acquired covered by FDIC loss share to foreclosed assets covered by FDIC loss share -- -- 4,349 Transfers of foreclosed assets covered by FDIC loss share to foreclosed assets and other real estate owned -- -- 13,895 Transfers of loans acquired covered by FDIC loss share to loans acquired not covered by FDIC loss share -- -- 88,922 Transfers of premises to foreclosed assets and other real estate owned 5,422 -- -- Transfers of premises held for sale to foreclosed assets and other real estate owned 3,188 652 6,126 |
Schedule of Cash Flow Information Related To Business Acquisition [Table Text Block] | (In thousands) 2017 2016 2015 Assets acquired $ 5,582,495 $ 585,500 $ 2,996,228 Liabilities assumed 5,022,824 530,695 2,680,140 Purchase price 1,055,993 76,300 535,003 Goodwill $ 496,322 $ 21,495 $ 218,915 |
Note 16 - Other Operating Exp44
Note 16 - Other Operating Expenses (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | (In thousands) 2017 2016 2015 Professional services $ 19,500 $ 14,630 $ 9,583 Postage 4,686 4,599 4,219 Telephone 4,262 4,294 4,817 Credit card expense 12,188 11,328 9,157 Marketing 11,141 6,929 6,337 Operating supplies 1,980 1,824 2,395 Amortization of intangibles 7,668 5,945 4,889 Branch right sizing expense 434 3,600 3,297 Other expense 27,020 20,364 20,001 Total other operating expenses $ 88,879 $ 73,513 $ 64,695 |
Note 17 - Fair Value Measurem45
Note 17 - Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements (In thousands) Fair Value Quoted Prices in Significant Other Significant December 31, 2017 Available-for-sale securities U.S. Government agencies $ 139,724 $ -- $ 139,724 $ -- Mortgage-backed securities 1,187,317 -- 1,187,317 -- States and political subdivisions 143,165 -- 143,165 -- Other securities 119,311 -- 119,311 -- Other assets held for sale 165,780 -- -- 165,780 Derivative asset 3,634 -- 3,634 -- Other liabilities held for sale (157,366 ) -- -- (157,366 ) Derivative liability (3,068 ) -- (3,068 ) -- December 31, 2016 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 -- Derivative asset 1,199 -- 1,199 -- Derivative liability (1,274 ) -- (1,274 ) -- |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements Using (In thousands) Fair Value Quoted Prices in Significant Other Significant December 31, 2017 Impaired loans (1) (2) $ 11,229 $ -- $ -- $ 11,229 Foreclosed assets and other real estate owned (1) 24,093 -- -- 24,093 December 31, 2016 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 December 31, 2017 Financial assets: Cash and cash equivalents $ 598,042 $ 598,042 $ -- $ -- $ 598,042 Interest bearing balances due from banks - time 3,314 -- 3,314 -- 3,314 Held-to-maturity securities 368,058 -- 373,298 -- 373,298 Mortgage loans held for sale 24,038 -- -- 24,038 24,038 Interest receivable 43,528 -- 43,528 -- 43,528 Legacy loans (net of allowance) 5,663,941 -- -- 5,646,505 5,646,505 Loans acquired (net of allowance) 5,074,076 -- -- 5,058,455 5,058,455 Financial liabilities: Non-interest bearing transaction accounts 2,665,249 -- 2,665,249 -- 2,665,249 Interest bearing transaction accounts and savings deposits 6,494,896 -- 6,494,896 -- 6,494,896 Time deposits 1,932,730 -- -- 1,915,539 1,915,539 Federal funds purchased and securities sold under agreements to repurchase 122,444 -- 122,444 -- 122,444 Other borrowings 1,380,024 -- 1,381,365 -- 1,381,365 Subordinated debentures 140,565 -- 136,474 -- 136,474 Interest payable 4,564 -- 4,564 -- 4,564 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 21 - Stockholders' Equity
Note 21 - Stockholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum To Be Well (In thousands) Amount Ratio (%) Amount Ratio (%) Amount Ratio (%) As of December 31, 2017 Total Risk-Based Capital Ratio Simmons First National Corporation $ 1,388,970 11.4 $ 974,716 8.0 $ N/A Simmons Bank 877,728 12.1 580,316 8.0 725,395 10.0 Bank SNB 259,077 10.9 190,148 8.0 237,685 10.0 Southwest Bank 297,164 11.0 216,119 8.0 270,149 10.0 Tier 1 Risk-Based Capital Ratio Simmons First National Corporation 1,199,457 9.8 734,361 6.0 N/A Simmons Bank 835,787 11.5 436,063 6.0 581,417 8.0 Bank SNB 255,360 10.7 143,193 6.0 190,923 8.0 Southwest Bank 294,874 10.9 162,316 6.0 216,421 8.0 Common Equity Tier 1 Capital Ratio Simmons First National Corporation 1,199,457 9.8 550,771 4.5 N/A Simmons Bank 835,787 11.5 327,047 4.5 472,401 6.5 Bank SNB 255,360 10.7 107,394 4.5 155,125 6.5 Southwest Bank 294,874 10.9 121,737 4.5 175,842 6.5 Tier 1 Leverage Ratio Simmons First National Corporation 1,199,457 9.2 521,503 4.0 N/A Simmons Bank 835,787 9.2 363,386 4.0 454,232 5.0 Bank SNB 255,360 10.1 101,133 4.0 126,416 5.0 Southwest Bank 294,874 12.2 96,680 4.0 120,850 5.0 As of December 31, 2016 Total Risk-Based Capital Ratio Simmons First National Corporation $ 912,948 15.1 $ 483,681 8.0 $ N/A Simmons Bank 830,921 13.8 481,693 8.0 602,117 10.0 Tier 1 Risk-Based Capital Ratio Simmons First National Corporation 872,707 14.5 361,120 6.0 N/A Simmons Bank 790,673 13.2 359,397 6.0 479,196 8.0 Common Equity Tier 1 Capital Ratio Simmons First National Corporation 812,310 13.5 270,770 4.5 N/A Simmons Bank 790,673 13.2 269,548 4.5 389,347 6.5 Tier 1 Leverage Ratio Simmons First National Corporation 872,707 11.0 317,348 4.0 N/A Simmons Bank 790,673 10.0 316,269 4.0 395,337 5.0 |
Note 22 - Condensed Financial47
Note 22 - Condensed Financial Information (Parent Company Only) (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | (In thousands) 2017 2016 ASSETS Cash and cash equivalents $ 19,101 $ 93,266 Investment securities 2,789 79 Investments in wholly-owned subsidiaries 2,288,687 1,141,294 Loans 993 1,083 Intangible assets, net 133 133 Premises and equipment 10,369 11,534 Other assets 31,181 27,955 TOTAL ASSETS $ 2,353,253 $ 1,275,344 LIABILITIES Short-term debt $ 75,000 $ -- Long-term debt 183,947 108,326 Other liabilities 9,742 15,907 Total liabilities 268,689 124,233 STOCKHOLDERS’ EQUITY Common stock 920 626 Surplus 1,586,034 711,663 Undivided profits 514,874 454,034 Accumulated other comprehensive loss Unrealized depreciation on available-for-sale securities, net of income taxes of ($6,108) and ($9,818) at December 31, 2017 and 2016 respectively (17,264 ) (15,212 ) Total stockholders’ equity 2,084,564 1,151,111 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,353,253 $ 1,275,344 |
Condensed Income Statement [Table Text Block] | (In thousands) 2017 2016 2015 INCOME Dividends from subsidiaries $ 69,107 $ 83,710 $ 84,128 Other income 4,111 2,465 2,303 Income 73,218 86,175 86,431 EXPENSE 32,234 21,990 24,594 Income before income taxes and equity in undistributed net income of subsidiaries 40,984 64,185 61,837 Provision for income taxes (12,311 ) (7,557 ) (8,251 ) Income before equity in undistributed net income of subsidiaries 53,295 71,742 70,088 Equity in undistributed net income of subsidiaries 39,645 25,072 4,276 NET INCOME 92,940 96,814 74,364 Preferred stock dividends -- 24 257 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 92,940 $ 96,790 $ 74,107 |
Condensed Statement of Comprehensive Income [Table Text Block] | (In thousands) 2017 2016 2015 NET INCOME $ 92,940 $ 96,814 $ 74,364 OTHER COMPREHENSIVE INCOME Equity in other comprehensive income (loss) income of subsidiaries 964 (12,547 ) (1,329 ) COMPREHENSIVE INCOME $ 93,904 $ 84,267 $ 73,035 |
Condensed Cash Flow Statement [Table Text Block] | (In thousands) 2017 2016 2015 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 92,940 $ 96,814 $ 74,364 Items not requiring (providing) cash Stock-based compensation expense 10,681 3,418 4,018 Depreciation and amortization 1,183 700 317 Deferred income taxes 1,190 (2,526 ) 1,287 Equity in undistributed net income of bank subsidiaries (39,645 ) (25,072 ) (4,276 ) Changes in Other assets 8,585 2,816 (15,232 ) Other liabilities (6,769 ) (1,358 ) 13,121 Net cash provided by operating activities 68,165 74,792 73,599 CASH FLOWS FROM INVESTING ACTIVITIES Net originations of loans 90 (1,710 ) -- Net purchases of premises and equipment (18 ) (6,896 ) 56 Additional investment in subsidiary (15,000 ) -- -- Proceeds from maturities of available-for-sale securities 42 1,973 -- Purchases of available-for-sale securities (2,752 ) (3 ) (354 ) Cash received (paid) in business combinations (100,468 ) (35,048 ) 44,173 Net cash (used in) provided by investing activities (118,106 ) (41,684 ) 43,875 CASH FLOWS FROM FINANCING ACTIVITIES Issuance (repayment) of long-term debt, net 8,014 (4,544 ) 8,126 Issuance of common stock, net 2,878 4,938 3,529 Dividends paid on preferred stock -- (24 ) (257 ) Dividends paid on common stock (35,116 ) (28,743 ) (27,026 ) Redemption of preferred stock -- (30,852 ) -- Net cash used in financing activities (24,224 ) (59,225 ) (15,628 ) (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (74,165 ) (26,117 ) 101,846 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 93,266 119,383 17,537 CASH AND CASH EQUIVALENTS, END OF YEAR $ 19,101 $ 93,266 $ 119,383 |
Note 1 - Summary of Significa48
Note 1 - Summary of Significant Accounting Policies (Details Textual) shares in Thousands | Feb. 08, 2018 | Sep. 15, 2015USD ($) | Sep. 30, 2015USD ($) | Dec. 31, 2017USD ($)shares | Dec. 31, 2016USD ($)shares | Dec. 31, 2015USD ($)shares |
Number of Financial Centers | 200 | |||||
Number of Reportable Segments | 1 | |||||
FDIC Indemnification Asset, Cash Payments Received | $ 2,368,000 | $ 2,368,000 | ||||
Gain (Loss) on Contract Termination | $ (7,476,000) | $ (7,476,000) | $ (7,476,000) | |||
Derivative Asset, Notional Amount | $ 303,500,000 | $ 99,200,000 | ||||
Employee Stock Option [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares | 0 | 0 | 0 | |||
Subsequent Event [Member] | ||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 2 |
Note 1 - Summary of Significa49
Note 1 - Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Net income available to common shareholders | $ 92,940 | $ 96,790 | $ 74,107 | |
Average common shares outstanding (in shares) | 69,385 | 61,291 | 56,168 | |
Average potential dilutive common shares (in shares) | 468 | 636 | 252 | |
Average diluted common shares (in shares) | 69,853 | 61,927 | 56,420 | |
Basic earnings per share (in dollars per share) | [1] | $ 1.34 | $ 1.58 | $ 1.32 |
Diluted earnings per share (in dollars per share) | [1] | $ 1.33 | $ 1.56 | $ 1.31 |
[1] | All per share amounts have been restated to reflect the effect of the two-for-one stock split on February 8, 2018. |
Note 2 - Acquisitions (Details
Note 2 - Acquisitions (Details Textual) | Oct. 19, 2017USD ($)shares | May 15, 2017USD ($)shares | Sep. 09, 2016USD ($)shares | Oct. 29, 2015USD ($)shares | Feb. 27, 2015USD ($)shares | Feb. 28, 2015shares | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Oct. 28, 2015USD ($) |
Goodwill | $ 842,651,000 | $ 348,505,000 | |||||||
OKSB Merger [Member] | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 14,488,604 | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 431,400,000 | ||||||||
Payments to Acquire Businesses, Gross | $ 95,000,000 | ||||||||
Number of Bank Branches | 29 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 2,691,127,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 2,000,000,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 1,966,355,000 | ||||||||
Goodwill | 228,932,000 | ||||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 29,200,000 | ||||||||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 10,500,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | $ 1,996,453,000 | ||||||||
First Texas Merger [Member] | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 12,999,840 | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 387,100,000 | ||||||||
Payments to Acquire Businesses, Gross | $ 70,000,000 | ||||||||
Number of Bank Branches | 15 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 2,428,444,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 2,200,000,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 1,881,658,000 | ||||||||
Goodwill | 238,019,000 | ||||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 27,600,000 | ||||||||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 5,700,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | $ 2,208,378,000 | ||||||||
OKSB and First Texas Acquisitions [Member] | |||||||||
Business Combination, Acquisition Related Costs | $ 9,400,000 | ||||||||
Hardeman County Investment Company, Inc. [Member] | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 1,599,940 | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 42,600,000 | ||||||||
Payments to Acquire Businesses, Gross | $ 30,000,000 | ||||||||
Number of Bank Branches | 10 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 462,924,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 388,976,000 | ||||||||
Goodwill | 29,371,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | $ 251,649,000 | ||||||||
Citizens National Bank [Member] | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 1,671,482 | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 41,300,000 | ||||||||
Payments to Acquire Businesses, Gross | $ 35,000,000 | ||||||||
Number of Bank Branches | 9 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 585,149,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 340,900,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 509,857,000 | ||||||||
Goodwill | 23,376,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | $ 340,850,000 | ||||||||
Liberty Bancshares, Inc. [Member] | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 10,362,674 | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 212,200,000 | ||||||||
Number of Bank Branches | 24 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 1,066,272,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 780,658,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 874,714,000 | ||||||||
Goodwill | $ 95,207,000 | ||||||||
Community First Bancshares Inc [Member] | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 13,105,830 | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 268,300,000 | ||||||||
Payments to Acquire Businesses, Gross | $ 9,974 | ||||||||
Number of Bank Branches | 33 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 1,915,061,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 1,136,543,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Total Deposits | 1,536,062,000 | ||||||||
Goodwill | $ 110,440,000 | ||||||||
Community First Bancshares Inc [Member] | Preferred Stock [Member] | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 30,852 | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 30,900,000 | ||||||||
OTIC and TCO [Member] | |||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 678,580 | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 17,900,000 | ||||||||
Payments to Acquire Businesses, Gross | 5,800,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 14,895,000 | ||||||||
Goodwill | $ 13,268,000 | ||||||||
Assets under Management, Carrying Amount | $ 1,000,000,000 | ||||||||
Number of Investment in Shares Repurchased Through Acquisition | shares | 1,000 |
Note 2 - Acquisitions - Assets
Note 2 - Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) | Oct. 19, 2017 | May 15, 2017 | Sep. 09, 2016 | Oct. 29, 2015 | Feb. 27, 2015 | Dec. 31, 2017 | Dec. 31, 2016 |
Goodwill | $ 842,651,000 | $ 348,505,000 | |||||
Goodwill | $ 842,651,000 | $ 348,505,000 | |||||
OKSB Merger [Member] | |||||||
Cash and due from banks | $ 79,517,000 | ||||||
Investment securities | 484,173,000 | ||||||
Loans acquired | 1,996,453,000 | ||||||
Allowance for loan losses | |||||||
Foreclosed assets | 5,157,000 | ||||||
Premises and equipment | 26,667,000 | ||||||
Bank owned life insurance | 28,704,000 | ||||||
Goodwill | 228,932,000 | ||||||
Other assets | 24,526,000 | ||||||
Total assets acquired | 2,691,127,000 | ||||||
Non-interest bearing transaction accounts | 485,971,000 | ||||||
Interest bearing transaction accounts and savings deposits | 869,252,000 | ||||||
Time deposits | 611,132,000 | ||||||
Total deposits | 1,966,355,000 | ||||||
Securities sold under agreement to repurchase | 11,256,000 | ||||||
Other borrowings | 347,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | 46,393,000 | ||||||
Accrued interest and other liabilities | 22,804,000 | ||||||
Total liabilities assumed | 2,393,808,000 | ||||||
Equity | |||||||
Total liabilities and equity assumed | 2,393,808,000 | ||||||
Net assets acquired | 297,319,000 | ||||||
Purchase price | 526,251,000 | ||||||
Goodwill | 228,932,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 2,000,000,000 | ||||||
OKSB Merger [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | 42,124,000 | ||||||
OKSB Merger [Member] | Other Intangible Assets [Member] | |||||||
Intangibles | 3,806,000 | ||||||
OKSB Merger [Member] | Cost Acquired [Member] | |||||||
Cash and due from banks | 79,517,000 | ||||||
Investment securities | 485,468,000 | ||||||
Loans acquired | 2,039,524,000 | ||||||
Allowance for loan losses | (26,957,000) | ||||||
Foreclosed assets | 6,284,000 | ||||||
Premises and equipment | 21,210,000 | ||||||
Bank owned life insurance | 28,704,000 | ||||||
Goodwill | 13,545,000 | ||||||
Other assets | 33,455,000 | ||||||
Total assets acquired | 2,686,489,000 | ||||||
Non-interest bearing transaction accounts | 485,971,000 | ||||||
Interest bearing transaction accounts and savings deposits | 869,252,000 | ||||||
Time deposits | 613,345,000 | ||||||
Total deposits | 1,968,568,000 | ||||||
Securities sold under agreement to repurchase | 11,256,000 | ||||||
Other borrowings | 347,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | 46,393,000 | ||||||
Accrued interest and other liabilities | 17,440,000 | ||||||
Total liabilities assumed | 2,390,657,000 | ||||||
Equity | 295,832,000 | ||||||
Total liabilities and equity assumed | 2,686,489,000 | ||||||
Goodwill | 13,545,000 | ||||||
OKSB Merger [Member] | Cost Acquired [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | 1,933,000 | ||||||
OKSB Merger [Member] | Cost Acquired [Member] | Other Intangible Assets [Member] | |||||||
Intangibles | 3,806,000 | ||||||
OKSB Merger [Member] | Fair Value Adjustments [Member] | |||||||
Cash and due from banks | |||||||
Investment securities | (1,295,000) | ||||||
Loans acquired | (43,071,000) | ||||||
Allowance for loan losses | 26,957,000 | ||||||
Foreclosed assets | (1,127,000) | ||||||
Premises and equipment | 5,457,000 | ||||||
Bank owned life insurance | |||||||
Goodwill | (13,545,000) | ||||||
Other assets | (8,929,000) | ||||||
Total assets acquired | 4,638,000 | ||||||
Non-interest bearing transaction accounts | |||||||
Interest bearing transaction accounts and savings deposits | |||||||
Time deposits | (2,213,000) | ||||||
Total deposits | (2,213,000) | ||||||
Securities sold under agreement to repurchase | |||||||
Other borrowings | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | |||||||
Accrued interest and other liabilities | 5,364,000 | ||||||
Total liabilities assumed | 3,151,000 | ||||||
Equity | (295,832,000) | ||||||
Total liabilities and equity assumed | (292,681,000) | ||||||
Goodwill | (13,545,000) | ||||||
OKSB Merger [Member] | Fair Value Adjustments [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | 40,191,000 | ||||||
OKSB Merger [Member] | Fair Value Adjustments [Member] | Other Intangible Assets [Member] | |||||||
Intangibles | |||||||
First Texas Merger [Member] | |||||||
Cash and due from banks | 59,277,000 | ||||||
Investment securities | 80,518,000 | ||||||
Loans acquired | 2,208,378,000 | ||||||
Allowance for loan losses | (200,000) | ||||||
Premises and equipment | 34,987,000 | ||||||
Bank owned life insurance | 7,190,000 | ||||||
Goodwill | 238,019,000 | ||||||
Other assets | 30,966,000 | ||||||
Total assets acquired | 2,428,444,000 | ||||||
Non-interest bearing transaction accounts | 74,410,000 | ||||||
Interest bearing transaction accounts and savings deposits | 1,683,298,000 | ||||||
Time deposits | 123,950,000 | ||||||
Total deposits | 1,881,658,000 | ||||||
Securities sold under agreement to repurchase | 50,000,000 | ||||||
Other borrowings | 235,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | 29,512,000 | ||||||
Accrued interest and other liabilities | 13,190,000 | ||||||
Total liabilities assumed | 2,209,360,000 | ||||||
Equity | |||||||
Total liabilities and equity assumed | 2,209,360,000 | ||||||
Net assets acquired | 219,084,000 | ||||||
Purchase price | 457,103,000 | ||||||
Goodwill | 238,019,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 2,200,000,000 | ||||||
First Texas Merger [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | 7,328,000 | ||||||
First Texas Merger [Member] | Cost Acquired [Member] | |||||||
Cash and due from banks | 59,277,000 | ||||||
Investment securities | 81,114,000 | ||||||
Loans acquired | 2,246,212,000 | ||||||
Allowance for loan losses | (20,864,000) | ||||||
Premises and equipment | 24,864,000 | ||||||
Bank owned life insurance | 7,190,000 | ||||||
Goodwill | 37,227,000 | ||||||
Other assets | 18,263,000 | ||||||
Total assets acquired | 2,453,283,000 | ||||||
Non-interest bearing transaction accounts | 74,410,000 | ||||||
Interest bearing transaction accounts and savings deposits | 1,683,298,000 | ||||||
Time deposits | 124,233,000 | ||||||
Total deposits | 1,881,941,000 | ||||||
Securities sold under agreement to repurchase | 50,000,000 | ||||||
Other borrowings | 235,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | 30,323,000 | ||||||
Accrued interest and other liabilities | 11,727,000 | ||||||
Total liabilities assumed | 2,208,991,000 | ||||||
Equity | 244,292,000 | ||||||
Total liabilities and equity assumed | 2,453,283,000 | ||||||
Goodwill | 37,227,000 | ||||||
First Texas Merger [Member] | Cost Acquired [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | |||||||
First Texas Merger [Member] | Fair Value Adjustments [Member] | |||||||
Cash and due from banks | |||||||
Investment securities | (596,000) | ||||||
Loans acquired | (37,834,000) | ||||||
Allowance for loan losses | 20,664,000 | ||||||
Premises and equipment | 10,123,000 | ||||||
Bank owned life insurance | |||||||
Goodwill | (37,227,000) | ||||||
Other assets | 12,703,000 | ||||||
Total assets acquired | (24,839,000) | ||||||
Non-interest bearing transaction accounts | |||||||
Interest bearing transaction accounts and savings deposits | |||||||
Time deposits | (283,000) | ||||||
Total deposits | (283,000) | ||||||
Securities sold under agreement to repurchase | |||||||
Other borrowings | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | (811,000) | ||||||
Accrued interest and other liabilities | 1,463,000 | ||||||
Total liabilities assumed | 369,000 | ||||||
Equity | (244,292,000) | ||||||
Total liabilities and equity assumed | (243,923,000) | ||||||
Goodwill | (37,227,000) | ||||||
First Texas Merger [Member] | Fair Value Adjustments [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | $ 7,328,000 | ||||||
Hardeman County Investment Company, Inc. [Member] | |||||||
Cash and due from banks | $ 8,001,000 | ||||||
Investment securities | 170,369,000 | ||||||
Loans acquired | 251,649,000 | ||||||
Foreclosed assets | 631,000 | ||||||
Premises and equipment | 11,163,000 | ||||||
Bank owned life insurance | 7,819,000 | ||||||
Goodwill | 29,371,000 | ||||||
Other assets | 2,638,000 | ||||||
Total assets acquired | 462,924,000 | ||||||
Non-interest bearing transaction accounts | 76,555,000 | ||||||
Interest bearing transaction accounts and savings deposits | 214,872,000 | ||||||
Time deposits | 97,549,000 | ||||||
Total deposits | 388,976,000 | ||||||
Securities sold under agreement to repurchase | 17,163,000 | ||||||
Other borrowings | 3,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | 6,702,000 | ||||||
Accrued interest and other liabilities | 3,815,000 | ||||||
Total liabilities assumed | 419,656,000 | ||||||
Equity | |||||||
Total liabilities and equity assumed | 419,656,000 | ||||||
Net assets acquired | 43,268,000 | ||||||
Purchase price | 72,639,000 | ||||||
Goodwill | 29,371,000 | ||||||
Interest bearing balances due from banks - time | 1,984,000 | ||||||
Hardeman County Investment Company, Inc. [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | 7,840,000 | ||||||
Hardeman County Investment Company, Inc. [Member] | Other Intangible Assets [Member] | |||||||
Intangibles | 830,000 | ||||||
Hardeman County Investment Company, Inc. [Member] | Cost Acquired [Member] | |||||||
Cash and due from banks | 8,001,000 | ||||||
Investment securities | 170,654,000 | ||||||
Loans acquired | 257,641,000 | ||||||
Allowance for loan losses | (2,382,000) | ||||||
Foreclosed assets | 1,083,000 | ||||||
Premises and equipment | 9,905,000 | ||||||
Bank owned life insurance | 7,819,000 | ||||||
Goodwill | 11,485,000 | ||||||
Other assets | 2,639,000 | ||||||
Total assets acquired | 468,829,000 | ||||||
Non-interest bearing transaction accounts | 76,555,000 | ||||||
Interest bearing transaction accounts and savings deposits | 214,872,000 | ||||||
Time deposits | 97,917,000 | ||||||
Total deposits | 389,344,000 | ||||||
Securities sold under agreement to repurchase | 17,163,000 | ||||||
Other borrowings | 3,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | 6,702,000 | ||||||
Accrued interest and other liabilities | 1,891,000 | ||||||
Total liabilities assumed | 418,100,000 | ||||||
Equity | 50,729,000 | ||||||
Total liabilities and equity assumed | 468,829,000 | ||||||
Goodwill | 11,485,000 | ||||||
Interest bearing balances due from banks - time | 1,984,000 | ||||||
Hardeman County Investment Company, Inc. [Member] | Fair Value Adjustments [Member] | |||||||
Cash and due from banks | |||||||
Investment securities | (285,000) | ||||||
Loans acquired | (5,992,000) | ||||||
Allowance for loan losses | 2,382,000 | ||||||
Foreclosed assets | (452,000) | ||||||
Premises and equipment | 1,258,000 | ||||||
Goodwill | (11,485,000) | ||||||
Other assets | (1,000) | ||||||
Total assets acquired | (5,905,000) | ||||||
Non-interest bearing transaction accounts | |||||||
Interest bearing transaction accounts and savings deposits | |||||||
Time deposits | (368,000) | ||||||
Total deposits | (368,000) | ||||||
Securities sold under agreement to repurchase | |||||||
Other borrowings | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | |||||||
Accrued interest and other liabilities | 1,924,000 | ||||||
Total liabilities assumed | 1,556,000 | ||||||
Equity | (50,729,000) | ||||||
Total liabilities and equity assumed | (49,173,000) | ||||||
Goodwill | (11,485,000) | ||||||
Interest bearing balances due from banks - time | |||||||
Hardeman County Investment Company, Inc. [Member] | Fair Value Adjustments [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | 7,840,000 | ||||||
Hardeman County Investment Company, Inc. [Member] | Fair Value Adjustments [Member] | Other Intangible Assets [Member] | |||||||
Intangibles | $ 830,000 | ||||||
Citizens National Bank [Member] | |||||||
Cash and due from banks | $ 131,116,000 | ||||||
Investment securities | 61,988,000 | ||||||
Loans acquired | 340,850,000 | ||||||
Allowance for loan losses | |||||||
Foreclosed assets | 3,442,000 | ||||||
Premises and equipment | 8,085,000 | ||||||
Bank owned life insurance | 6,632,000 | ||||||
Goodwill | 23,376,000 | ||||||
Other assets | 17,370,000 | ||||||
Total assets acquired | 585,149,000 | ||||||
Non-interest bearing transaction accounts | 109,281,000 | ||||||
Interest bearing transaction accounts and savings deposits | 204,912,000 | ||||||
Time deposits | 195,664,000 | ||||||
Total deposits | 509,857,000 | ||||||
Securities sold under agreement to repurchase | 13,233,000 | ||||||
Accrued interest and other liabilities | 5,088,000 | ||||||
Total liabilities assumed | 532,225,000 | ||||||
Equity | |||||||
Total liabilities and equity assumed | 532,225,000 | ||||||
Net assets acquired | 52,924,000 | ||||||
Purchase price | 76,300,000 | ||||||
Goodwill | 23,376,000 | ||||||
Federal funds sold | 10,000,000 | ||||||
FHLB borrowings | 4,047,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 340,900,000 | ||||||
Citizens National Bank [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | 5,075,000 | ||||||
Citizens National Bank [Member] | Other Intangible Assets [Member] | |||||||
Intangibles | 591,000 | ||||||
Citizens National Bank [Member] | Cost Acquired [Member] | |||||||
Cash and due from banks | 131,467,000 | ||||||
Investment securities | 61,987,000 | ||||||
Loans acquired | 350,361,000 | ||||||
Allowance for loan losses | (4,313,000) | ||||||
Foreclosed assets | 4,960,000 | ||||||
Premises and equipment | 6,746,000 | ||||||
Bank owned life insurance | 6,632,000 | ||||||
Other assets | 17,364,000 | ||||||
Total assets acquired | 585,204,000 | ||||||
Non-interest bearing transaction accounts | 109,281,000 | ||||||
Interest bearing transaction accounts and savings deposits | 204,912,000 | ||||||
Time deposits | 195,664,000 | ||||||
Total deposits | 509,857,000 | ||||||
Securities sold under agreement to repurchase | 13,233,000 | ||||||
Accrued interest and other liabilities | 3,558,000 | ||||||
Total liabilities assumed | 530,648,000 | ||||||
Equity | 54,556,000 | ||||||
Total liabilities and equity assumed | 585,204,000 | ||||||
Federal funds sold | 10,000,000 | ||||||
FHLB borrowings | 4,000,000 | ||||||
Citizens National Bank [Member] | Cost Acquired [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | |||||||
Citizens National Bank [Member] | Cost Acquired [Member] | Other Intangible Assets [Member] | |||||||
Intangibles | |||||||
Citizens National Bank [Member] | Fair Value Adjustments [Member] | |||||||
Cash and due from banks | (351,000) | ||||||
Investment securities | 1,000 | ||||||
Loans acquired | (9,511,000) | ||||||
Allowance for loan losses | 4,313,000 | ||||||
Foreclosed assets | (1,518,000) | ||||||
Premises and equipment | 1,339,000 | ||||||
Bank owned life insurance | |||||||
Other assets | 6,000 | ||||||
Total assets acquired | (55,000) | ||||||
Non-interest bearing transaction accounts | |||||||
Interest bearing transaction accounts and savings deposits | |||||||
Time deposits | |||||||
Total deposits | |||||||
Securities sold under agreement to repurchase | |||||||
Accrued interest and other liabilities | 1,530,000 | ||||||
Total liabilities assumed | 1,577,000 | ||||||
Equity | (54,556,000) | ||||||
Total liabilities and equity assumed | (52,979,000) | ||||||
Federal funds sold | |||||||
FHLB borrowings | 47,000 | ||||||
Citizens National Bank [Member] | Fair Value Adjustments [Member] | Core Deposit Premium [Member] | |||||||
Intangibles | 5,075,000 | ||||||
Citizens National Bank [Member] | Fair Value Adjustments [Member] | Other Intangible Assets [Member] | |||||||
Intangibles | $ 591,000 | ||||||
Liberty Bancshares, Inc. [Member] | |||||||
Investment securities | $ 98,788,000 | ||||||
Allowance for loan losses | |||||||
Premises and equipment | 31,024,000 | ||||||
Bank owned life insurance | 16,972,000 | ||||||
Goodwill | 95,207,000 | ||||||
Total assets acquired | 1,066,272,000 | ||||||
Non-interest bearing transaction accounts | 146,618,000 | ||||||
Interest bearing transaction accounts and savings deposits | 543,183,000 | ||||||
Time deposits | 184,913,000 | ||||||
Total deposits | 874,714,000 | ||||||
Accrued interest and other liabilities | 8,128,000 | ||||||
Total liabilities assumed | 949,303,000 | ||||||
Equity | |||||||
Total liabilities and equity assumed | 949,303,000 | ||||||
Net assets acquired | 116,969,000 | ||||||
Purchase price | 212,176,000 | ||||||
Goodwill | 95,207,000 | ||||||
Federal funds sold | 7,060,000 | ||||||
FHLB borrowings | 46,351,000 | ||||||
Cash and due from banks, including time deposits | 102,623,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 780,658,000 | ||||||
Core deposit intangible | 14,556,000 | ||||||
Other intangibles | |||||||
Other assets | 14,591,000 | ||||||
Subordinated debentures | 20,110,000 | ||||||
Liberty Bancshares, Inc. [Member] | Cost Acquired [Member] | |||||||
Investment securities | 99,123,000 | ||||||
Allowance for loan losses | (10,422,000) | ||||||
Premises and equipment | 34,239,000 | ||||||
Bank owned life insurance | 16,972,000 | ||||||
Total assets acquired | 1,061,567,000 | ||||||
Non-interest bearing transaction accounts | 146,618,000 | ||||||
Interest bearing transaction accounts and savings deposits | 543,183,000 | ||||||
Time deposits | 184,913,000 | ||||||
Total deposits | 874,714,000 | ||||||
Accrued interest and other liabilities | 7,828,000 | ||||||
Total liabilities assumed | 949,290,000 | ||||||
Equity | 112,277,000 | ||||||
Total liabilities and equity assumed | 1,061,567,000 | ||||||
Federal funds sold | 7,060,000 | ||||||
FHLB borrowings | 46,128,000 | ||||||
Cash and due from banks, including time deposits | 102,637,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 790,493,000 | ||||||
Core deposit intangible | 699,000 | ||||||
Other intangibles | 3,063,000 | ||||||
Other assets | 17,703,000 | ||||||
Subordinated debentures | 20,620,000 | ||||||
Liberty Bancshares, Inc. [Member] | Fair Value Adjustments [Member] | |||||||
Investment securities | (335,000) | ||||||
Allowance for loan losses | 10,422,000 | ||||||
Premises and equipment | (3,215,000) | ||||||
Bank owned life insurance | |||||||
Total assets acquired | 4,705,000 | ||||||
Non-interest bearing transaction accounts | |||||||
Interest bearing transaction accounts and savings deposits | |||||||
Time deposits | |||||||
Total deposits | |||||||
Accrued interest and other liabilities | 300,000 | ||||||
Total liabilities assumed | 13,000 | ||||||
Equity | (112,277,000) | ||||||
Total liabilities and equity assumed | (112,264,000) | ||||||
Federal funds sold | |||||||
FHLB borrowings | 223,000 | ||||||
Cash and due from banks, including time deposits | (14,000) | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | (9,835,000) | ||||||
Core deposit intangible | 13,857,000 | ||||||
Other intangibles | (3,063,000) | ||||||
Other assets | (3,112,000) | ||||||
Subordinated debentures | (510,000) | ||||||
Community First Bancshares Inc [Member] | |||||||
Cash and due from banks | 39,848,000 | ||||||
Investment securities | 566,818,000 | ||||||
Allowance for loan losses | |||||||
Premises and equipment | 42,043,000 | ||||||
Bank owned life insurance | 22,149,000 | ||||||
Goodwill | 110,440,000 | ||||||
Total assets acquired | 1,915,061,000 | ||||||
Non-interest bearing transaction accounts | 103,825,000 | ||||||
Interest bearing transaction accounts and savings deposits | 995,207,000 | ||||||
Time deposits | 437,030,000 | ||||||
Total deposits | 1,536,062,000 | ||||||
Accrued interest and other liabilities | 9,370,000 | ||||||
Total liabilities assumed | 1,726,297,000 | ||||||
Equity | |||||||
Total liabilities and equity assumed | 1,726,297,000 | ||||||
Net assets acquired | 188,764,000 | ||||||
Purchase price | 299,204,000 | ||||||
Goodwill | 110,440,000 | ||||||
Federal funds sold | 76,508,000 | ||||||
FHLB borrowings | 143,721,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 1,136,543,000 | ||||||
Core deposit intangible | 11,273,000 | ||||||
Other intangibles | 420,000 | ||||||
Other assets | 11,474,000 | ||||||
Subordinated debentures | 20,914,000 | ||||||
Foreclosed assets not covered by FDIC loss share | 747,000 | ||||||
Deferred tax asset | 7,238,000 | ||||||
Federal funds purchased and securities sold under agreement to repurchase | 16,230,000 | ||||||
Community First Bancshares Inc [Member] | Cost Acquired [Member] | |||||||
Cash and due from banks | 39,848,000 | ||||||
Investment securities | 570,199,000 | ||||||
Allowance for loan losses | (14,635,000) | ||||||
Premises and equipment | 44,837,000 | ||||||
Bank owned life insurance | 22,149,000 | ||||||
Goodwill | 100,000 | ||||||
Total assets acquired | 1,918,325,000 | ||||||
Non-interest bearing transaction accounts | 103,825,000 | ||||||
Interest bearing transaction accounts and savings deposits | 995,207,000 | ||||||
Time deposits | 436,181,000 | ||||||
Total deposits | 1,535,213,000 | ||||||
Accrued interest and other liabilities | 8,769,000 | ||||||
Total liabilities assumed | 1,725,013,000 | ||||||
Equity | 193,312,000 | ||||||
Total liabilities and equity assumed | 1,918,325,000 | ||||||
Goodwill | 100,000 | ||||||
Federal funds sold | 76,508,000 | ||||||
FHLB borrowings | 143,047,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | 1,163,398,000 | ||||||
Core deposit intangible | |||||||
Other intangibles | |||||||
Other assets | 11,474,000 | ||||||
Subordinated debentures | 21,754,000 | ||||||
Foreclosed assets not covered by FDIC loss share | 747,000 | ||||||
Deferred tax asset | 3,700,000 | ||||||
Federal funds purchased and securities sold under agreement to repurchase | 16,230,000 | ||||||
Community First Bancshares Inc [Member] | Fair Value Adjustments [Member] | |||||||
Cash and due from banks | |||||||
Investment securities | (3,381,000) | ||||||
Allowance for loan losses | 14,635,000 | ||||||
Premises and equipment | (2,794,000) | ||||||
Bank owned life insurance | |||||||
Goodwill | (100,000) | ||||||
Total assets acquired | (3,264,000) | ||||||
Non-interest bearing transaction accounts | |||||||
Interest bearing transaction accounts and savings deposits | |||||||
Time deposits | 849,000 | ||||||
Total deposits | 849,000 | ||||||
Accrued interest and other liabilities | 601,000 | ||||||
Total liabilities assumed | 1,284,000 | ||||||
Equity | (193,312,000) | ||||||
Total liabilities and equity assumed | (192,028,000) | ||||||
Goodwill | (100,000) | ||||||
Federal funds sold | |||||||
FHLB borrowings | 674,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Acquired Not Covered by FDIC Loss Share | (26,855,000) | ||||||
Core deposit intangible | 11,273,000 | ||||||
Other intangibles | 420,000 | ||||||
Other assets | |||||||
Subordinated debentures | (840,000) | ||||||
Foreclosed assets not covered by FDIC loss share | |||||||
Deferred tax asset | 3,538,000 | ||||||
Federal funds purchased and securities sold under agreement to repurchase | |||||||
OTIC and TCO [Member] | |||||||
Cash and due from banks | $ 1,756,000 | ||||||
Investment securities | 241,000 | ||||||
Premises and equipment | 1,544,000 | ||||||
Goodwill | 13,268,000 | ||||||
Total assets acquired | 14,895,000 | ||||||
Accrued interest and other liabilities | 302,000 | ||||||
Total liabilities assumed | 4,540,000 | ||||||
Equity | |||||||
Total liabilities and equity assumed | 4,540,000 | ||||||
Net assets acquired | 10,355,000 | ||||||
Purchase price | 23,623,000 | ||||||
Goodwill | 13,268,000 | ||||||
Other intangibles | 9,733,000 | ||||||
Other assets | 1,621,000 | ||||||
Deferred tax liability | 4,238,000 | ||||||
OTIC and TCO [Member] | Cost Acquired [Member] | |||||||
Cash and due from banks | 1,756,000 | ||||||
Investment securities | 241,000 | ||||||
Premises and equipment | 1,126,000 | ||||||
Total assets acquired | 3,875,000 | ||||||
Accrued interest and other liabilities | 302,000 | ||||||
Total liabilities assumed | 365,000 | ||||||
Equity | 3,510,000 | ||||||
Total liabilities and equity assumed | 3,875,000 | ||||||
Other intangibles | |||||||
Other assets | 752,000 | ||||||
Deferred tax liability | 63,000 | ||||||
OTIC and TCO [Member] | Fair Value Adjustments [Member] | |||||||
Cash and due from banks | |||||||
Investment securities | |||||||
Premises and equipment | 418,000 | ||||||
Total assets acquired | 11,020,000 | ||||||
Accrued interest and other liabilities | |||||||
Total liabilities assumed | 4,175,000 | ||||||
Equity | (3,510,000) | ||||||
Total liabilities and equity assumed | 665,000 | ||||||
Other intangibles | 9,733,000 | ||||||
Other assets | 869,000 | ||||||
Deferred tax liability | $ 4,175,000 |
Note 2 - Acquisitions - Summary
Note 2 - Acquisitions - Summary of Unaudited Pro Forma Information (Details) - OKSB and First Texas Acquisitions [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | ||
Revenue (1) | [1] | $ 654,358 | $ 620,461 |
Net income | $ 130,947 | $ 136,199 | |
Diluted earnings per share (in dollars per share) | $ 1.43 | $ 1.52 | |
[1] | Net interest income plus noninterest income. |
Note 3 - Investment Securitie53
Note 3 - Investment Securities (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Securities Continuous Unrealized Loss Position, Fair Value | $ 1,400,000,000 | $ 1,200,000,000 | |
Securities Continuous Unrealized Loss Position Fair Value Percent of Portfolio | 73.50% | 75.70% | |
Available-for-sale Securities Pledged as Collateral | $ 1,200,000,000 | $ 915,200,000 | |
Available-for-sale Securities, Gross Realized Gains | 2,400,000 | 5,800,000 | $ 350,000 |
Available-for-sale Securities, Gross Realized Losses | $ 1,300,000 | $ 0 | $ 43,000 |
Income Tax Benefit Related to Security Gains (Losses) Percentage | 39.225% |
Note 3 - Investment Securitie54
Note 3 - Investment Securities - Summary of Investment Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Held-to-Maturity | ||
Amortized Cost | $ 368,058 | $ 462,096 |
Gross Unrealized Gains | 5,977 | 5,137 |
Gross Unrealized Losses | (737) | (1,273) |
Estimated Fair Value | 373,298 | 465,960 |
Available-for-Sale | ||
Amortized Cost | 1,612,324 | 1,181,484 |
Gross Unrealized Gains | 2,100 | 1,279 |
Gross Unrealized Losses | (24,907) | (25,409) |
Estimated Fair Value | 1,589,517 | 1,157,354 |
US Government Agencies Debt Securities [Member] | ||
Held-to-Maturity | ||
Amortized Cost | 46,945 | 76,875 |
Gross Unrealized Gains | 7 | 107 |
Gross Unrealized Losses | (228) | (182) |
Estimated Fair Value | 46,724 | 76,800 |
Available-for-Sale | ||
Amortized Cost | 141,559 | 140,005 |
Gross Unrealized Gains | 116 | 67 |
Gross Unrealized Losses | (1,951) | (2,301) |
Estimated Fair Value | 139,724 | 137,771 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Held-to-Maturity | ||
Amortized Cost | 16,132 | 19,773 |
Gross Unrealized Gains | 8 | 63 |
Gross Unrealized Losses | (287) | (249) |
Estimated Fair Value | 15,853 | 19,587 |
Available-for-Sale | ||
Amortized Cost | 1,208,017 | 885,783 |
Gross Unrealized Gains | 246 | 178 |
Gross Unrealized Losses | (20,946) | (17,637) |
Estimated Fair Value | 1,187,317 | 868,324 |
US States and Political Subdivisions Debt Securities [Member] | ||
Held-to-Maturity | ||
Amortized Cost | 301,491 | 362,532 |
Gross Unrealized Gains | 5,962 | 4,967 |
Gross Unrealized Losses | (222) | (842) |
Estimated Fair Value | 307,231 | 366,657 |
Available-for-Sale | ||
Amortized Cost | 144,642 | 108,374 |
Gross Unrealized Gains | 532 | 38 |
Gross Unrealized Losses | (2,009) | (5,469) |
Estimated Fair Value | 143,165 | 102,943 |
Other Securities [Member] | ||
Held-to-Maturity | ||
Amortized Cost | 3,490 | 2,916 |
Gross Unrealized Gains | ||
Gross Unrealized Losses | ||
Estimated Fair Value | 3,490 | 2,916 |
Available-for-Sale | ||
Amortized Cost | 118,106 | 47,022 |
Gross Unrealized Gains | 1,206 | 996 |
Gross Unrealized Losses | (1) | (2) |
Estimated Fair Value | 119,311 | 48,016 |
US Treasury Securities [Member] | ||
Available-for-Sale | ||
Amortized Cost | 300 | |
Gross Unrealized Gains | ||
Gross Unrealized Losses | ||
Estimated Fair Value | $ 300 |
Note 3 - Investment Securitie55
Note 3 - Investment Securities - Securities With Unrealized Losses (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Held-to-Maturity | ||
Held-to-maturity, less than 12 months, estimated fair value | $ 57,731 | $ 149,666 |
Held-to-maturity, less than 12 months, gross unrealized losses | 251 | 1,187 |
Held-to-maturity, 12 months or more, estimated fair value | 43,611 | 21,754 |
Held-to-maturity, 12 months or more, gross unrealized losses | 486 | 86 |
Held-to-maturity, total, estimated fair value | 101,342 | 171,420 |
Held-to-maturity, total, gross unrealized losses | 737 | 1,273 |
Available-for-Sale | ||
Available-for-sale, less than 12 months, estimated fair value | 627,807 | 1,054,739 |
Available-for-sale, less than 12 months, gross unrealized losses | 5,639 | 25,409 |
Available-for-sale, 12 months or more, estimated fair value | 710,574 | |
Available-for-sale, 12 months or more, gross unrealized losses | 19,268 | |
Available-for-sale, total, estimated fair value | 1,338,381 | 1,054,739 |
Available-for-sale, total, gross unrealized losses | 24,907 | 25,409 |
US Government Agencies Debt Securities [Member] | ||
Held-to-Maturity | ||
Held-to-maturity, less than 12 months, estimated fair value | 11,961 | 32,859 |
Held-to-maturity, less than 12 months, gross unrealized losses | 6 | 141 |
Held-to-maturity, 12 months or more, estimated fair value | 32,778 | 19,959 |
Held-to-maturity, 12 months or more, gross unrealized losses | 222 | 41 |
Held-to-maturity, total, estimated fair value | 44,739 | 52,818 |
Held-to-maturity, total, gross unrealized losses | 228 | 182 |
Available-for-Sale | ||
Available-for-sale, less than 12 months, estimated fair value | 91,988 | 126,325 |
Available-for-sale, less than 12 months, gross unrealized losses | 921 | 2,301 |
Available-for-sale, 12 months or more, estimated fair value | 25,742 | |
Available-for-sale, 12 months or more, gross unrealized losses | 1,030 | |
Available-for-sale, total, estimated fair value | 117,730 | 126,325 |
Available-for-sale, total, gross unrealized losses | 1,951 | 2,301 |
Collateralized Mortgage Backed Securities [Member] | ||
Held-to-Maturity | ||
Held-to-maturity, less than 12 months, estimated fair value | 5,471 | 11,833 |
Held-to-maturity, less than 12 months, gross unrealized losses | 47 | 205 |
Held-to-maturity, 12 months or more, estimated fair value | 8,946 | 1,465 |
Held-to-maturity, 12 months or more, gross unrealized losses | 240 | 44 |
Held-to-maturity, total, estimated fair value | 14,417 | 13,298 |
Held-to-maturity, total, gross unrealized losses | 287 | 249 |
Available-for-Sale | ||
Available-for-sale, less than 12 months, estimated fair value | 510,770 | 833,393 |
Available-for-sale, less than 12 months, gross unrealized losses | 4,516 | 17,637 |
Available-for-sale, 12 months or more, estimated fair value | 609,329 | |
Available-for-sale, 12 months or more, gross unrealized losses | 16,430 | |
Available-for-sale, total, estimated fair value | 1,120,099 | 833,393 |
Available-for-sale, total, gross unrealized losses | 20,946 | 17,637 |
US States and Political Subdivisions Debt Securities [Member] | ||
Held-to-Maturity | ||
Held-to-maturity, less than 12 months, estimated fair value | 40,299 | 104,974 |
Held-to-maturity, less than 12 months, gross unrealized losses | 198 | 841 |
Held-to-maturity, 12 months or more, estimated fair value | 1,887 | 330 |
Held-to-maturity, 12 months or more, gross unrealized losses | 24 | 1 |
Held-to-maturity, total, estimated fair value | 42,186 | 105,304 |
Held-to-maturity, total, gross unrealized losses | 222 | 842 |
Available-for-Sale | ||
Available-for-sale, less than 12 months, estimated fair value | 25,049 | 94,922 |
Available-for-sale, less than 12 months, gross unrealized losses | 202 | 5,469 |
Available-for-sale, 12 months or more, estimated fair value | 75,404 | |
Available-for-sale, 12 months or more, gross unrealized losses | 1,807 | |
Available-for-sale, total, estimated fair value | 100,453 | 94,922 |
Available-for-sale, total, gross unrealized losses | 2,009 | 5,469 |
Other Securities [Member] | ||
Available-for-Sale | ||
Available-for-sale, less than 12 months, estimated fair value | 99 | |
Available-for-sale, less than 12 months, gross unrealized losses | 2 | |
Available-for-sale, 12 months or more, estimated fair value | 99 | |
Available-for-sale, 12 months or more, gross unrealized losses | 1 | |
Available-for-sale, total, estimated fair value | 99 | 99 |
Available-for-sale, total, gross unrealized losses | $ 1 | $ 2 |
Note 3 - Investment Securitie56
Note 3 - Investment Securities - Income Earned on Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Non-taxable | |||
Total | $ 40,115 | $ 33,479 | $ 30,613 |
Held-to-maturity Securities [Member] | |||
Taxable | |||
Taxable | 2,521 | 3,778 | 5,162 |
Non-taxable | |||
Non-taxable | 8,693 | 10,641 | 11,635 |
Available-for-sale Securities [Member] | |||
Taxable | |||
Taxable | 25,996 | 17,928 | 12,129 |
Non-taxable | |||
Non-taxable | $ 2,905 | $ 1,132 | $ 1,687 |
Note 3 - Investment Securitie57
Note 3 - Investment Securities - Maturities of Investment Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Held-to-maturity, amortized cost, one year or less | $ 46,377 | |
Held-to-maturity, amortized cost, after one through five years | 85,451 | |
Held-to-maturity, amortized cost, after five through ten years | 92,361 | |
Held-to-maturity, amortized cost, after ten years | 127,737 | |
Held-to-maturity, amortized cost, securities not due on a single maturity date | 16,132 | |
Held-to-maturity, amortized cost, total | 368,058 | $ 462,096 |
Held-to-maturity, fair value, one year or less | 46,255 | |
Held-to-maturity, fair value, after one through five years | 85,581 | |
Held-to-maturity, fair value, after five through ten years | 93,400 | |
Held-to-maturity, fair value, after ten years | 132,209 | |
Held-to-maturity, fair value, securities not due on a single maturity date | 15,853 | |
Held-to-maturity, fair value, total | 373,298 | 465,960 |
Available-for-sale, amortized cost, one year or less | 590 | |
Available-for-sale, amortized cost, after one through five years | 35,616 | |
Available-for-sale, amortized cost, after five through ten years | 24,203 | |
Available-for-sale, amortized cost, after ten years | 225,892 | |
Available-for-sale, amortized cost, securities not due on a single maturity date | 1,208,017 | |
Available-for-sale, amortized cost, other securities (no maturity) | 118,006 | |
Available-for-sale, amortized cost, total | 1,612,324 | 1,181,484 |
Available-for-sale, fair value, one year or less | 591 | |
Available-for-sale, fair value, after one through five years | 35,246 | |
Available-for-sale, fair value, after five through ten years | 23,953 | |
Available-for-sale, fair value, after ten years | 223,198 | |
Available-for-sale, fair value, securities not due on a single maturity date | 1,187,317 | |
Available-for-sale, fair value, other securities (no maturity) | 119,212 | |
Available-for-sale, fair value, total | $ 1,589,517 | $ 1,157,354 |
Note 4 - Other Assets and Oth58
Note 4 - Other Assets and Other Liabilities Held for Sale (Details Textual) $ in Thousands | Dec. 31, 2017USD ($) |
Other Assets Held-for-sale | $ 165,780 |
Other Liabilities Held-for-sale | $ 157,366 |
Note 5 - Loans and Allowance 59
Note 5 - Loans and Allowance for Loan Losses (Details Textual) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Loans and Leases Receivable, Gross | $ 10,780,000,000 | $ 5,630,000,000 | ||
Impaired Financing Receivable, Recorded Investment | 43,923,000 | 43,696,000 | ||
Impaired Financing Receivable, Related Allowance | 338,000 | 680,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 1,780,000 | 1,593,000 | $ 1,200,000 | |
Impaired Financing Receivable, Average Recorded Investment | $ 50,788,000 | $ 35,978,000 | 16,700,000 | |
Financing Receivable, Modifications, Number of Contracts | 16 | 70 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 11,001,000 | $ 13,907,000 | ||
Financing Receivable, Specific Reserve | 26,000 | 402,000 | ||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 33,000 | |||
Mortgage Loans in Process of Foreclosure, Amount | 5,057,000 | 1,714,000 | ||
Real Estate Acquired Through Foreclosure | 32,118,000 | 26,895,000 | ||
Loans and Leases Receivable Classified | 76,300,000 | 47,800,000 | ||
Covered Purchased Impaired Loans Allowance | 418,000 | 954,000 | 954,000 | |
Provision for Loan Losses Net of FDIC Loss Share Adjustments | 400,000 | |||
Non Covered Impaired Loans Allowance Reclassified | 954,000 | |||
Provision for Loan and Lease Losses | 26,393,000 | 20,065,000 | 9,022,000 | |
Loans and Leases Receivable, Allowance | 41,668,000 | 36,286,000 | ||
Risk Ratings 6,7, and 8 [Member] | ||||
Loans and Leases Receivable Classified | 175,600,000 | 166,000,000 | ||
Substandard [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 17,100,000 | 17,800,000 | ||
OREO Secured by Residential Real Estate Properties [Member] | ||||
Real Estate Acquired Through Foreclosure | 3,828,000 | 5,094,000 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | 4,239,612,000 | 3,028,079,000 | ||
Impaired Financing Receivable, Recorded Investment | 31,538,000 | 30,001,000 | ||
Impaired Financing Receivable, Related Allowance | 338,000 | 417,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 1,175,000 | 1,274,000 | ||
Impaired Financing Receivable, Average Recorded Investment | $ 34,239,000 | $ 28,854,000 | ||
Financing Receivable, Modifications, Number of Contracts | 5 | 51 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 8,310,000 | $ 11,861,000 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | |||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 440,000 | |||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||||
Loans and Leases Receivable, Gross | 1,094,633,000 | 904,245,000 | ||
Impaired Financing Receivable, Recorded Investment | 13,431,000 | 12,383,000 | ||
Impaired Financing Receivable, Related Allowance | 53,000 | 162,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 443,000 | 419,000 | ||
Impaired Financing Receivable, Average Recorded Investment | $ 12,904,000 | $ 9,486,000 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 23 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 139,000 | $ 1,570,000 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 1 | ||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 31,000 | |||
Real Estate Owned, Transfer to Real Estate Owned | 69,000 | |||
Consumer Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | $ 465,516,000 | 488,563,000 | ||
Impaired Financing Receivable, Recorded Investment | 4,775,000 | 2,173,000 | ||
Impaired Financing Receivable, Related Allowance | 1,000 | |||
Impaired Financing Receivable, Interest Income, Accrual Method | 153,000 | 67,000 | ||
Impaired Financing Receivable, Average Recorded Investment | $ 3,357,000 | $ 1,412,000 | ||
Financing Receivable, Modifications, Number of Contracts | 2 | |||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 50,000 | |||
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | |||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 39,000 | |||
Restructured Loan [Member] | ||||
Financing Receivable, Modifications, Number of Contracts | 13 | 15 | ||
Proceeds from Collection of Loans Receivable | $ 1.20 | $ 3,700,000 | ||
Commercial Real Estate and Residential Real Estate [Member] | OREO Received in Full or Partial Satisfaction of Loans [Member] | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 0 | 236,000 | ||
Acquired Loans [Member] | ||||
Loans and Leases Receivable, Gross | 5,074,076,000 | 1,305,683,000 | ||
Non Covered Impaired Loans Allowance Reclassified | 418,000 | 954,000 | ||
Provision for Loan and Lease Losses | 1,866,000 | 626,000 | ||
Allowance for Loan and Lease Losses, Write-offs | 2,400,000 | 626,000 | ||
Loans and Leases Receivable, Allowance, Covered | 418,000 | 954,000 | 954,000 | |
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | 3,818,037,000 | 1,170,871,000 | ||
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||||
Loans and Leases Receivable, Gross | 793,228,000 | 423,176,000 | ||
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | 51,467,000 | 49,677,000 | ||
Loans, Including Acquired Loans [Member] | ||||
Loans and Leases Receivable, Allowance | $ 42,086,000 | $ 37,240,000 | $ 32,305,000 |
Note 5 - Loans and Allowance 60
Note 5 - Loans and Allowance for Loan Losses - Loan Portfolio by Categories (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 | |
Loans | $ 10,780,000,000 | $ 5,630,000,000 | |
Loans acquired, net of discount and allowance | [1] | 5,074,076,000 | 1,305,683,000 |
Total loans | 10,779,685,000 | 5,632,890,000 | |
Loans, Excluding Acquired Loans [Member] | |||
Loans | 5,705,609,000 | 4,327,207,000 | |
Consumer Portfolio Segment [Member] | |||
Loans | 465,516,000 | 488,563,000 | |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 465,516,000 | 488,563,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Loans | 185,422,000 | 184,591,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 185,422,000 | 184,591,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Loans | 280,094,000 | 303,972,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 280,094,000 | 303,972,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans | 4,239,612,000 | 3,028,079,000 | |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 4,239,612,000 | 3,028,079,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans | 614,155,000 | 336,759,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 614,155,000 | 336,759,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Loans | 1,094,633,000 | 904,245,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 1,094,633,000 | 904,245,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | |||
Loans | 2,530,824,000 | 1,787,075,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 2,530,824,000 | 1,787,075,000 | |
Commercial Portfolio Segment [Member] | |||
Loans | 973,519,000 | 789,903,000 | |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 973,519,000 | 789,903,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Loans | 825,217,000 | 639,525,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 825,217,000 | 639,525,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Loans | 148,302,000 | 150,378,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | 148,302,000 | 150,378,000 | |
Unallocated Financing Receivables [Member] | |||
Loans | 26,962,000 | 20,662,000 | |
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | |||
Loans | $ 26,962,000 | $ 20,662,000 | |
[1] | See Note 6, Loans Acquired, for segregation of loans acquired by loan class. |
Note 5 - Loans and Allowance 61
Note 5 - Loans and Allowance for Loan Losses - Nonaccrual Loans, Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Loans in nonaccrual status | $ 45,642 | $ 39,104 |
Consumer Portfolio Segment [Member] | ||
Loans in nonaccrual status | 4,775 | 2,166 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Loans in nonaccrual status | 170 | 373 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 4,605 | 1,793 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans in nonaccrual status | 31,727 | 27,935 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 2,242 | 3,411 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 13,431 | 12,139 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 16,054 | 12,385 |
Commercial Portfolio Segment [Member] | ||
Loans in nonaccrual status | 9,140 | 9,003 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 6,980 | 7,765 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | $ 2,160 | $ 1,238 |
Note 5 - Loans and Allowance 62
Note 5 - Loans and Allowance for Loan Losses - Age Analysis of Past Due Loans, Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Loans | $ 10,780,000,000 | $ 5,630,000,000 |
Loans, Excluding Acquired Loans [Member] | ||
Past Due | 46,075,000 | 40,313,000 |
Current | 5,659,534,000 | 4,286,894,000 |
Loans | 5,705,609,000 | 4,327,207,000 |
90 Days Past Due & Accruing | 343,000 | 300,000 |
Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 18,159,000 | 18,605,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 27,916,000 | 21,708,000 |
Consumer Portfolio Segment [Member] | ||
Loans | 465,516,000 | 488,563,000 |
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 9,686,000 | 5,804,000 |
Current | 455,830,000 | 482,759,000 |
Loans | 465,516,000 | 488,563,000 |
90 Days Past Due & Accruing | 342,000 | 286,000 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 5,716,000 | 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 | 3,970,000 | 1,302,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Loans | 185,422,000 | 184,591,000 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,379,000 | 991,000 |
Current | 184,043,000 | 183,600,000 |
Loans | 185,422,000 | 184,591,000 |
90 Days Past Due & Accruing | 332,000 | 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 | 707,000 | 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 | 672,000 | 275,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans | 280,094,000 | 303,972,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 8,307,000 | 4,813,000 |
Current | 271,787,000 | 299,159,000 |
Loans | 280,094,000 | 303,972,000 |
90 Days Past Due & Accruing | 10,000 | 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 | 5,009,000 | 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 | 3,298,000 | 1,027,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 4,239,612,000 | 3,028,079,000 |
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 26,571,000 | 25,837,000 |
Current | 4,213,041,000 | 3,002,242,000 |
Loans | 4,239,612,000 | 3,028,079,000 |
90 Days Past Due & Accruing | 1,000 | 14,000 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 10,870,000 | 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 | 15,701,000 | 13,895,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 614,155,000 | 336,759,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 1,621,000 | 2,666,000 |
Current | 612,534,000 | 334,093,000 |
Loans | 614,155,000 | 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 | 411,000 | 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 | 1,210,000 | 1,246,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans | 1,094,633,000 | 904,245,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 14,531,000 | 12,237,000 |
Current | 1,080,102,000 | 892,008,000 |
Loans | 1,094,633,000 | 904,245,000 |
90 Days Past Due & Accruing | 1,000 | 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 | 8,071,000 | 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 | 6,460,000 | 5,927,000 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans | 2,530,824,000 | 1,787,075,000 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 10,419,000 | 10,934,000 |
Current | 2,520,405,000 | 1,776,141,000 |
Loans | 2,530,824,000 | 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 | 2,388,000 | 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 | 8,031,000 | 6,722,000 |
Commercial Portfolio Segment [Member] | ||
Loans | 973,519,000 | 789,903,000 |
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 9,818,000 | 8,672,000 |
Current | 963,701,000 | 781,231,000 |
Loans | 973,519,000 | 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 | 1,573,000 | 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 | 8,245,000 | 6,511,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 825,217,000 | 639,525,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 7,648,000 | 7,336,000 |
Current | 817,569,000 | 632,189,000 |
Loans | 825,217,000 | 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 | 1,523,000 | 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 | 6,125,000 | 5,296,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans | 148,302,000 | 150,378,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | 2,170,000 | 1,336,000 |
Current | 146,132,000 | 149,042,000 |
Loans | 148,302,000 | 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 | 50,000 | 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 | 2,120,000 | 1,215,000 |
Unallocated Financing Receivables [Member] | ||
Loans | 26,962,000 | 20,662,000 |
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | ||
Past Due | ||
Current | 26,962,000 | 20,662,000 |
Loans | 26,962,000 | 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 5 - Loans and Allowance 63
Note 5 - Loans and Allowance for Loan Losses - Impaired Loans, Net of Government Guarantees and Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Unpaid Contractual Principal Balance | $ 57,334,000 | $ 54,521,000 | |
Recorded Investment With No Allowance | 30,920,000 | 24,678,000 | |
Recorded Investment With Allowance | 13,003,000 | 19,018,000 | |
Impaired Financing Receivable, Recorded Investment | 43,923,000 | 43,696,000 | |
Impaired Financing Receivable, Related Allowance | 338,000 | 680,000 | |
Average Investment in Impaired Loans | 50,788,000 | 35,978,000 | $ 16,700,000 |
Interest Income Recognized | 1,780,000 | 1,593,000 | $ 1,200,000 |
Consumer Portfolio Segment [Member] | |||
Unpaid Contractual Principal Balance | 4,925,000 | 2,209,000 | |
Recorded Investment With No Allowance | 4,775,000 | 2,170,000 | |
Recorded Investment With Allowance | 3,000 | ||
Impaired Financing Receivable, Recorded Investment | 4,775,000 | 2,173,000 | |
Impaired Financing Receivable, Related Allowance | 1,000 | ||
Average Investment in Impaired Loans | 3,357,000 | 1,412,000 | |
Interest Income Recognized | 153,000 | 67,000 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Unpaid Contractual Principal Balance | 170,000 | 373,000 | |
Recorded Investment With No Allowance | 170,000 | 373,000 | |
Recorded Investment With Allowance | |||
Impaired Financing Receivable, Recorded Investment | 170,000 | 373,000 | |
Impaired Financing Receivable, Related Allowance | |||
Average Investment in Impaired Loans | 268,000 | 346,000 | |
Interest Income Recognized | 47,000 | 20,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Unpaid Contractual Principal Balance | 4,755,000 | 1,836,000 | |
Recorded Investment With No Allowance | 4,605,000 | 1,797,000 | |
Recorded Investment With Allowance | 3,000 | ||
Impaired Financing Receivable, Recorded Investment | 4,605,000 | 1,800,000 | |
Impaired Financing Receivable, Related Allowance | 1,000 | ||
Average Investment in Impaired Loans | 3,089,000 | 1,066,000 | |
Interest Income Recognized | 106,000 | 47,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Unpaid Contractual Principal Balance | 39,177,000 | 38,238,000 | |
Recorded Investment With No Allowance | 20,804,000 | 18,559,000 | |
Recorded Investment With Allowance | 10,734,000 | 11,442,000 | |
Impaired Financing Receivable, Recorded Investment | 31,538,000 | 30,001,000 | |
Impaired Financing Receivable, Related Allowance | 338,000 | 417,000 | |
Average Investment in Impaired Loans | 34,239,000 | 28,854,000 | |
Interest Income Recognized | 1,175,000 | 1,274,000 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Unpaid Contractual Principal Balance | 2,522,000 | 4,275,000 | |
Recorded Investment With No Allowance | 1,347,000 | 1,038,000 | |
Recorded Investment With Allowance | 895,000 | 2,374,000 | |
Impaired Financing Receivable, Recorded Investment | 2,242,000 | 3,412,000 | |
Impaired Financing Receivable, Related Allowance | 249,000 | 156,000 | |
Average Investment in Impaired Loans | 2,711,000 | 4,436,000 | |
Interest Income Recognized | 93,000 | 196,000 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | |||
Unpaid Contractual Principal Balance | 14,347,000 | 12,970,000 | |
Recorded Investment With No Allowance | 12,725,000 | 10,630,000 | |
Recorded Investment With Allowance | 706,000 | 1,753,000 | |
Impaired Financing Receivable, Recorded Investment | 13,431,000 | 12,383,000 | |
Impaired Financing Receivable, Related Allowance | 53,000 | 162,000 | |
Average Investment in Impaired Loans | 12,904,000 | 9,486,000 | |
Interest Income Recognized | 443,000 | 419,000 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | |||
Unpaid Contractual Principal Balance | 22,308,000 | 20,993,000 | |
Recorded Investment With No Allowance | 6,732,000 | 6,891,000 | |
Recorded Investment With Allowance | 9,133,000 | 7,315,000 | |
Impaired Financing Receivable, Recorded Investment | 15,865,000 | 14,206,000 | |
Impaired Financing Receivable, Related Allowance | 36,000 | 99,000 | |
Average Investment in Impaired Loans | 18,624,000 | 14,932,000 | |
Interest Income Recognized | 639,000 | 659,000 | |
Commercial Portfolio Segment [Member] | |||
Unpaid Contractual Principal Balance | 13,232,000 | 14,074,000 | |
Recorded Investment With No Allowance | 5,341,000 | 3,949,000 | |
Recorded Investment With Allowance | 2,269,000 | 7,573,000 | |
Impaired Financing Receivable, Recorded Investment | 7,610,000 | 11,522,000 | |
Impaired Financing Receivable, Related Allowance | 262,000 | ||
Average Investment in Impaired Loans | 13,192,000 | 5,712,000 | |
Interest Income Recognized | 452,000 | 252,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Unpaid Contractual Principal Balance | 9,954,000 | 11,848,000 | |
Recorded Investment With No Allowance | 4,306,000 | 2,734,000 | |
Recorded Investment With Allowance | 2,269,000 | 7,573,000 | |
Impaired Financing Receivable, Recorded Investment | 6,575,000 | 10,307,000 | |
Impaired Financing Receivable, Related Allowance | 262,000 | ||
Average Investment in Impaired Loans | 11,670,000 | 4,666,000 | |
Interest Income Recognized | 400,000 | 206,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Unpaid Contractual Principal Balance | 3,278,000 | 2,226,000 | |
Recorded Investment With No Allowance | 1,035,000 | 1,215,000 | |
Recorded Investment With Allowance | |||
Impaired Financing Receivable, Recorded Investment | 1,035,000 | 1,215,000 | |
Impaired Financing Receivable, Related Allowance | |||
Average Investment in Impaired Loans | 1,522,000 | 1,046,000 | |
Interest Income Recognized | $ 52,000 | $ 46,000 |
Note 5 - Loans and Allowance 64
Note 5 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings, Excluding Loans Acquired, Segregated by Class of Loans (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Troubled debt, number | 16 | 70 |
Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt, number | 5 | 51 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Troubled debt, number | 1 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Troubled debt, number | 1 | 23 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | ||
Troubled debt, number | 11 | |
Commercial Portfolio Segment [Member] | ||
Troubled debt, number | 11 | 17 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Troubled debt, number | 17 | |
Consumer Portfolio Segment [Member] | ||
Troubled debt, number | 2 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Troubled debt, number | 2 | |
Loans, Excluding Acquired Loans [Member] | ||
Troubled debt, number | 40 | 79 |
Troubled debt, balance | $ 12,938 | $ 14,174 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt, number | 29 | 58 |
Troubled debt, balance | $ 9,549 | $ 12,091 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Troubled debt, number | 1 | 1 |
Troubled debt, balance | $ 420 | $ 18 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Troubled debt, number | 19 | 32 |
Troubled debt, balance | $ 1,095 | $ 2,245 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Troubled debt, number | 9 | 25 |
Troubled debt, balance | $ 8,034 | $ 9,828 |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Troubled debt, number | 11 | 20 |
Troubled debt, balance | $ 3,389 | $ 2,080 |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Troubled debt, number | 11 | 20 |
Troubled debt, balance | $ 3,389 | $ 2,080 |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Troubled debt, number | 1 | |
Troubled debt, balance | $ 3 | |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Troubled debt, number | 1 | |
Troubled debt, balance | $ 3 | |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | ||
Troubled debt, number | 13 | 41 |
Troubled debt, balance | $ 7,107 | $ 10,998 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt, number | 8 | 26 |
Troubled debt, balance | $ 4,463 | $ 9,215 |
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 | 4 | 3 |
Troubled debt, balance | $ 141 | $ 167 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Troubled debt, number | 4 | 23 |
Troubled debt, balance | $ 4,322 | $ 9,048 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Troubled debt, number | 5 | 15 |
Troubled debt, balance | $ 2,644 | $ 1,783 |
Loans, Excluding Acquired Loans [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Troubled debt, number | 5 | 15 |
Troubled debt, balance | $ 2,644 | $ 1,783 |
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] | Nonperforming Financial Instruments [Member] | ||
Troubled debt, number | 27 | 38 |
Troubled debt, balance | $ 5,831 | $ 3,176 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt, number | 21 | 32 |
Troubled debt, balance | $ 5,086 | $ 2,876 |
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 | $ 420 | $ 18 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Troubled debt, number | 15 | 29 |
Troubled debt, balance | $ 954 | $ 2,078 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loans [Member] | ||
Troubled debt, number | 5 | 2 |
Troubled debt, balance | $ 3,712 | $ 780 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Troubled debt, number | 6 | 5 |
Troubled debt, balance | $ 745 | $ 297 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Troubled debt, number | 6 | 5 |
Troubled debt, balance | $ 745 | $ 297 |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Troubled debt, number | 1 | |
Troubled debt, balance | $ 3 | |
Loans, Excluding Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Troubled debt, number | 1 | |
Troubled debt, balance | $ 3 |
Note 5 - Loans and Allowance 65
Note 5 - Loans and Allowance for Loan Losses - Loans Restructured as TDRs, Excluding Loans Acquired, Segregated by Class of Loans (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Number of Loans | 16 | 70 |
Balance Prior to TDR | $ 11,001 | $ 13,907 |
Balance | 10,905 | 13,757 |
Financial Impact on Date of Restructure | 33 | |
Extended Maturity [Member] | ||
Balance | 10,866 | 12,071 |
Contractual Interest Rate Reduction [Member] | ||
Balance | $ 39 | $ 1,686 |
Commercial Real Estate Portfolio Segment [Member] | ||
Number of Loans | 5 | 51 |
Balance Prior to TDR | $ 8,310 | $ 11,861 |
Balance | 8,301 | 11,778 |
Financial Impact on Date of Restructure | 33 | |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | ||
Balance | 8,301 | 10,092 |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance | $ 1,686 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Number of Loans | 1 | |
Balance Prior to TDR | $ 456 | |
Balance | 456 | |
Financial Impact on Date of Restructure | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Extended Maturity [Member] | ||
Balance | 456 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Number of Loans | 1 | 23 |
Balance Prior to TDR | $ 139 | $ 1,570 |
Balance | 130 | 1,518 |
Financial Impact on Date of Restructure | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Extended Maturity [Member] | ||
Balance | 130 | 964 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance | $ 554 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Number of Loans | 3 | 28 |
Balance Prior to TDR | $ 7,715 | $ 10,291 |
Balance | 7,715 | 10,260 |
Financial Impact on Date of Restructure | 33 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Extended Maturity [Member] | ||
Balance | 7,715 | 9,128 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance | $ 1,132 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | ||
Number of Loans | 11 | |
Balance Prior to TDR | $ 2,691 | |
Balance | 2,604 | |
Financial Impact on Date of Restructure | ||
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | Extended Maturity [Member] | ||
Balance | 2,565 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance | $ 39 | |
Commercial Portfolio Segment [Member] | ||
Number of Loans | 11 | 17 |
Balance Prior to TDR | $ 2,691 | $ 1,996 |
Balance | 2,604 | 1,968 |
Financial Impact on Date of Restructure | ||
Commercial Portfolio Segment [Member] | Extended Maturity [Member] | ||
Balance | 2,565 | 1,968 |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance | $ 39 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Number of Loans | 17 | |
Balance Prior to TDR | $ 1,996 | |
Balance | 1,968 | |
Financial Impact on Date of Restructure | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Extended Maturity [Member] | ||
Balance | 1,968 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance | ||
Consumer Portfolio Segment [Member] | ||
Number of Loans | 2 | |
Balance Prior to TDR | $ 50 | |
Balance | 11 | |
Financial Impact on Date of Restructure | ||
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | ||
Balance | 11 | |
Consumer Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Number of Loans | 2 | |
Balance Prior to TDR | $ 50 | |
Balance | 11 | |
Financial Impact on Date of Restructure | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Extended Maturity [Member] | ||
Balance | 11 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Contractual Interest Rate Reduction [Member] | ||
Balance |
Note 5 - Loans and Allowance 66
Note 5 - Loans and Allowance for Loan Losses - Loans by Credit Risk Rating, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | |
Financing Receivables | $ 10,779,685 | $ 5,632,890 | |
Loans acquired, net of discount and allowance | [1] | 5,074,076 | 1,305,683 |
Loans acquired | [1] | 5,074,076 | 1,305,683 |
Pass [Member] | |||
Financing Receivables | 10,302,189 | 5,433,036 | |
Loans acquired, net of discount and allowance | 4,782,384 | 1,217,886 | |
Loans acquired | 4,782,384 | 1,217,886 | |
Special Mention [Member] | |||
Financing Receivables | 301,922 | 33,865 | |
Loans acquired, net of discount and allowance | 198,314 | 22,181 | |
Loans acquired | 198,314 | 22,181 | |
Substandard [Member] | |||
Financing Receivables | 175,064 | 164,251 | |
Loans acquired, net of discount and allowance | 93,378 | 64,075 | |
Loans acquired | 93,378 | 64,075 | |
Doubtful [Member] | |||
Financing Receivables | 376 | 1,715 | |
Loans acquired, net of discount and allowance | 1,541 | ||
Loans acquired | 1,541 | ||
Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | 134 | 23 | |
Loans acquired, net of discount and allowance | |||
Loans acquired | |||
Consumer Portfolio Segment [Member] | |||
Financing Receivables | 465,516 | 488,563 | |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivables | 460,080 | 485,575 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivables | 26 | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivables | 5,436 | 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 | 185,422 | 184,591 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Pass [Member] | |||
Financing Receivables | 184,920 | 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 | 502 | 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 | 280,094 | 303,972 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member] | |||
Financing Receivables | 275,160 | 301,632 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 26 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Substandard [Member] | |||
Financing Receivables | 4,934 | 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 | 4,239,612 | 3,028,079 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivables | 4,150,321 | 2,943,890 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivables | 29,330 | 10,996 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivables | 59,658 | 73,019 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivables | 303 | 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 | 614,155 | 336,759 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||
Financing Receivables | 603,126 | 330,080 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 5,795 | 98 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||
Financing Receivables | 5,218 | 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 | 1,094,633 | 904,245 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Pass [Member] | |||
Financing Receivables | 1,066,902 | 875,603 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 3,954 | 4,024 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Substandard [Member] | |||
Financing Receivables | 23,490 | 24,460 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | |||
Financing Receivables | 287 | 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 | 2,530,824 | 1,787,075 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Pass [Member] | |||
Financing Receivables | 2,480,293 | 1,738,207 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 19,581 | 6,874 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | Substandard [Member] | |||
Financing Receivables | 30,950 | 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 | 973,519 | 789,903 | |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivables | 882,442 | 765,023 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivables | 74,278 | 662 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivables | 16,592 | 24,195 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivables | 73 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | 134 | 23 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Financing Receivables | 825,217 | 639,525 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | |||
Financing Receivables | 736,377 | 616,805 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 74,254 | 558 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | |||
Financing Receivables | 14,402 | 22,162 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | |||
Financing Receivables | 50 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivables | 134 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Financing Receivables | 148,302 | 150,378 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Pass [Member] | |||
Financing Receivables | 146,065 | 148,218 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Special Mention [Member] | |||
Financing Receivables | 24 | 104 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Substandard [Member] | |||
Financing Receivables | 2,190 | 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 | 26,962 | 20,662 | |
Unallocated Financing Receivables [Member] | Pass [Member] | |||
Financing Receivables | 26,962 | 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 6, Loans Acquired, for segregation of loans acquired by loan class. |
Note 5 - Loans and Allowance 67
Note 5 - Loans and Allowance for Loan Losses - Net (Charge-Offs)/Recoveries, Excluding Loans Acquired, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Loans Receivable | $ (19,145) | $ (14,504) |
Consumer Portfolio Segment [Member] | ||
Loans Receivable | (4,412) | (3,747) |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Loans Receivable | (2,884) | (2,288) |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans Receivable | (1,528) | (1,459) |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans Receivable | (6,999) | (7,166) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans Receivable | 100 | (16) |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans Receivable | (1,045) | (706) |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans Receivable | (6,054) | (6,444) |
Commercial Portfolio Segment [Member] | ||
Loans Receivable | (7,734) | (3,591) |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans Receivable | (7,734) | (1,255) |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans Receivable | $ (2,336) |
Note 5 - Loans and Allowance 68
Note 5 - Loans and Allowance for Loan Losses - Activity in the Allowance for Loan Losses, by Portfolio Segment, for the Current Year (Details) - USD ($) | 12 Months Ended | |||||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||||
Balance, beginning of period | $ 36,286,000 | |||||
Provision for loan losses | 26,393,000 | $ 20,065,000 | $ 9,022,000 | |||
Balance, end of period | 41,668,000 | 36,286,000 | ||||
Loans, Excluding Acquired Loans [Member] | ||||||
Balance, beginning of period | 36,286,000 | [1] | 31,351,000 | [1] | 29,028,000 | |
Provision for loan losses | 24,527,000 | [2] | 19,439,000 | [2] | 8,286,000 | |
Charge-offs | (23,498,000) | (16,643,000) | (7,774,000) | |||
Recoveries | 4,353,000 | 2,139,000 | 1,811,000 | |||
Net charge-offs | (19,145,000) | (14,504,000) | (5,963,000) | |||
Balance, end of period | [1] | 41,668,000 | 36,286,000 | 31,351,000 | ||
Loans individually evaluated for impairment | 338,000 | 680,000 | ||||
Loans collectively evaluated for impairment | 41,330,000 | 35,606,000 | ||||
Commercial Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||||||
Balance, beginning of period | 7,739,000 | [1] | 5,985,000 | [1] | 6,962,000 | |
Provision for loan losses | 7,002,000 | [2] | 5,345,000 | [2] | 258,000 | |
Charge-offs | (7,837,000) | (3,956,000) | (1,415,000) | |||
Recoveries | 103,000 | 365,000 | 180,000 | |||
Net charge-offs | (7,734,000) | (3,591,000) | (1,235,000) | |||
Balance, end of period | [1] | 7,007,000 | 7,739,000 | 5,985,000 | ||
Loans individually evaluated for impairment | 262,000 | |||||
Loans collectively evaluated for impairment | 7,007,000 | 7,477,000 | ||||
Commercial Real Estate Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||||||
Balance, beginning of period | 21,817,000 | [1] | 19,522,000 | [1] | 15,161,000 | |
Provision for loan losses | 12,463,000 | [2] | 9,461,000 | [2] | 5,738,000 | |
Charge-offs | (7,989,000) | (7,517,000) | (1,580,000) | |||
Recoveries | 990,000 | 351,000 | 203,000 | |||
Net charge-offs | (6,999,000) | (7,166,000) | (1,377,000) | |||
Balance, end of period | [1] | 27,281,000 | 21,817,000 | 19,522,000 | ||
Loans individually evaluated for impairment | 338,000 | 417,000 | ||||
Loans collectively evaluated for impairment | 26,943,000 | 21,400,000 | ||||
Consumer Portfolio Segment [Member] | Loans, Excluding Acquired Loans [Member] | ||||||
Balance, beginning of period | 3,779,000 | [1] | 3,893,000 | [1] | 5,445,000 | |
Provision for loan losses | 2,889,000 | [2] | 2,174,000 | [2] | 665,000 | |
Charge-offs | (3,905,000) | (3,195,000) | (3,107,000) | |||
Recoveries | 1,021,000 | 907,000 | 890,000 | |||
Net charge-offs | (2,884,000) | (2,288,000) | (2,217,000) | |||
Balance, end of period | [1] | 3,784,000 | 3,779,000 | 3,893,000 | ||
Loans individually evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 3,784,000 | 3,779,000 | ||||
Unallocated Financing Receivables [Member] | Loans, Excluding Acquired Loans [Member] | ||||||
Balance, beginning of period | 2,951,000 | [1] | 1,951,000 | [1] | 1,460,000 | |
Provision for loan losses | 2,173,000 | [2] | 2,459,000 | [2] | 1,625,000 | |
Charge-offs | (3,767,000) | (1,975,000) | (1,672,000) | |||
Recoveries | 2,239,000 | 516,000 | 538,000 | |||
Net charge-offs | (1,528,000) | (1,459,000) | (1,134,000) | |||
Balance, end of period | [1] | 3,596,000 | 2,951,000 | $ 1,951,000 | ||
Loans individually evaluated for impairment | 1,000 | |||||
Loans collectively evaluated for impairment | $ 3,596,000 | $ 2,950,000 | ||||
[1] | Allowance for loan losses at December 31, 2017 includes $418,000 allowance for loans acquired (not shown in the table above). Allowance for loan losses at December 31, 2016 and 2015 includes $954,000 allowance for loans acquired. The total allowance for loan losses at December 31, 2017, 2016 and 2015 was $42,086,000, $37,240,000 and $32,305,000, respectively. | |||||
[2] | Provision for loan losses of $1,866,000 attributable to loans acquired was excluded from this table for the year ended December 31, 2017 (total provision for loan losses for the year ended December 31, 2017 was $26,393,000). There was $2.4 million in charge-offs for loans acquired during the year ended December 31, 2017 resulting in an ending balance in the allowance related to loans acquired of $418,000. Provision for loan losses of $626,000 attributable to loans acquired was excluded from this table for the year ended December 31, 2016 (total provision for loan losses for the year ended December 31, 2016 was $20,065,000). The $626,000 was subsequently charged-off, resulting in no increase to the ending balance in the allowance related to loans acquired. |
Note 5 - Loans and Allowance 69
Note 5 - Loans and Allowance for Loan Losses - Recorded Investment in Loans, Excluding Loans Acquired (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Balance, end of period | $ 10,779,685 | $ 5,632,890 |
Commercial Portfolio Segment [Member] | ||
Balance, end of period | 973,519 | 789,903 |
Commercial Real Estate Portfolio Segment [Member] | ||
Balance, end of period | 4,239,612 | 3,028,079 |
Consumer Portfolio Segment [Member] | ||
Balance, end of period | 465,516 | 488,563 |
Unallocated Financing Receivables [Member] | ||
Balance, end of period | 26,962 | 20,662 |
Loans, Excluding Acquired Loans [Member] | ||
Loans individually evaluated for impairment | 43,923 | 43,696 |
Loans collectively evaluated for impairment | 5,661,686 | 4,283,511 |
Balance, end of period | 5,705,609 | 4,327,207 |
Loans, Excluding Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 7,610 | 11,522 |
Loans collectively evaluated for impairment | 965,909 | 778,381 |
Balance, end of period | 973,519 | 789,903 |
Loans, Excluding Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 31,538 | 30,001 |
Loans collectively evaluated for impairment | 4,208,074 | 2,998,078 |
Balance, end of period | 4,239,612 | 3,028,079 |
Loans, Excluding Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Loans individually evaluated for impairment | 170 | 373 |
Loans collectively evaluated for impairment | 185,252 | 184,218 |
Balance, end of period | 185,422 | 184,591 |
Loans, Excluding Acquired Loans [Member] | Unallocated Financing Receivables [Member] | ||
Loans individually evaluated for impairment | 4,605 | 1,800 |
Loans collectively evaluated for impairment | 302,451 | 322,834 |
Balance, end of period | $ 307,056 | $ 324,634 |
Note 6 - Loans Acquired (Detail
Note 6 - Loans Acquired (Details Textual) - USD ($) | Sep. 15, 2015 | Sep. 30, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2017 | Sep. 30, 2016 | Mar. 31, 2015 |
FDIC Indemnification Asset, Cash Payments Received | $ 2,368,000 | $ 2,368,000 | ||||||
Gain (Loss) on Contract Termination | $ (7,476,000) | $ (7,476,000) | $ (7,476,000) | |||||
Non Covered Impaired Loans Allowance Reclassified | 954,000 | |||||||
Covered Purchased Impaired Loans Allowance | 418,000 | 954,000 | $ 954,000 | |||||
FDIC Indemnification Asset, Accretion of Discount | 0 | 0 | ||||||
Acquired Loans [Member] | ||||||||
Non Covered Impaired Loans Allowance Reclassified | 418,000 | $ 954,000 | ||||||
OKSB Merger [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | 1,985,000,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 2,021,000,000 | |||||||
Loans Acquired Discount | 36,300,000 | |||||||
OKSB Merger [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | 11,400,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 18,100,000 | |||||||
Loans Acquired Discount | 6,700,000 | |||||||
First Texas Merger [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | 2,208,000,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 2,246,000,000 | |||||||
Loans Acquired Discount | $ 37,800,000 | |||||||
Hardeman County Investment Company, Inc. [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | $ 249,200,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 254,200,000 | |||||||
Loans Acquired Discount | 5,000,000 | |||||||
Hardeman County Investment Company, Inc. [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | 2,400,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 3,400,000 | |||||||
Loans Acquired Discount | $ 990,000 | |||||||
Citizens National Bank [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | $ 340,100,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 348,800,000 | |||||||
Loans Acquired Discount | 8,700,000 | |||||||
Citizens National Bank [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | 757,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 1,600,000 | |||||||
Loans Acquired Discount | $ 848,000 | |||||||
Liberty Bancshares, Inc. [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | $ 769,900,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 774,800,000 | |||||||
Loans Acquired Discount | 4,900,000 | |||||||
Liberty Bancshares, Inc. [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | 10,700,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 15,700,000 | |||||||
Loans Acquired Discount | 5,000,000 | |||||||
Community First Bancshares Inc [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | 1,130,000,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 1,150,000,000 | |||||||
Loans Acquired Discount | 23,700,000 | |||||||
Community First Bancshares Inc [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Net | 7,000,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Gross | 10,100,000 | |||||||
Loans Acquired Discount | $ 3,100,000 |
Note 6 - Loans Acquired - Carry
Note 6 - Loans Acquired - Carrying Value of all Acquired Impaired Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | |
Acquired loans | [1] | $ 5,074,076 | $ 1,305,683 |
Acquired loans | [1] | 5,074,076 | 1,305,683 |
Consumer Portfolio Segment [Member] | |||
Acquired loans | 51,467 | 49,677 | |
Acquired loans | 51,467 | 49,677 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Acquired loans | 3,818,037 | 1,170,871 | |
Acquired loans | 3,818,037 | 1,170,871 | |
Commercial Portfolio Segment [Member] | |||
Acquired loans | 1,062,163 | 85,135 | |
Acquired loans | 1,062,163 | 85,135 | |
Unallocated Financing Receivables [Member] | |||
Acquired loans | 142,409 | ||
Acquired loans | 142,409 | ||
Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Acquired loans | 51,467 | 49,677 | |
Acquired loans | 51,467 | 49,677 | |
Other Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Acquired loans | 2,387,777 | 690,108 | |
Acquired loans | 2,387,777 | 690,108 | |
Construction Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Acquired loans | 637,032 | 57,587 | |
Acquired loans | 637,032 | 57,587 | |
Single Family Residential Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Acquired loans | 793,228 | 423,176 | |
Acquired loans | 793,228 | 423,176 | |
Commercial Loans [Member] | Commercial Portfolio Segment [Member] | |||
Acquired loans | 995,587 | 81,837 | |
Acquired loans | 995,587 | 81,837 | |
Agricultural Loans [Member] | Commercial Portfolio Segment [Member] | |||
Acquired loans | 66,576 | 3,298 | |
Acquired loans | $ 66,576 | $ 3,298 | |
[1] | Loans acquired are reported net of a $418,000 and $954,000 allowance as of December 31, 2017 and 2016, respectively. |
Note 6 - Loans Acquired - Nonac
Note 6 - Loans Acquired - Nonaccrual Acquired Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Loans in nonaccrual status | $ 45,642 | $ 39,104 |
Acquired Loans [Member] | ||
Loans in nonaccrual status | 23,485 | 46,832 |
Consumer Portfolio Segment [Member] | ||
Loans in nonaccrual status | 4,775 | 2,166 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 4,605 | 1,793 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 334 | 456 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Loans in nonaccrual status | 334 | 456 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans in nonaccrual status | 31,727 | 27,935 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 2,242 | 3,411 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 13,431 | 12,139 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 16,054 | 12,385 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 21,319 | 43,372 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Loans in nonaccrual status | 1,767 | 7,961 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Loans in nonaccrual status | 12,151 | 13,366 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Commercial Loans [Member] | ||
Loans in nonaccrual status | 7,401 | 22,045 |
Commercial Portfolio Segment [Member] | ||
Loans in nonaccrual status | 9,140 | 9,003 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 6,980 | 7,765 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | 2,160 | 1,238 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans in nonaccrual status | 1,832 | 3,004 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Loans in nonaccrual status | 1,748 | 2,806 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Loans in nonaccrual status | $ 84 | $ 198 |
Note 6 - Loans Acquired - Age A
Note 6 - Loans Acquired - Age Analysis of Past Due Acquired Loans, Excluding Loans Covered by Loss Share (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Loans | $ 10,780,000,000 | $ 5,630,000,000 |
Acquired Loans [Member] | ||
Past Due | 47,684,000 | 37,940,000 |
Current | 5,026,392,000 | 1,267,743,000 |
Loans | 5,074,076,000 | 1,305,683,000 |
90 Days Past Due & Accruing | 3,145,000 | 11,000 |
Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 35,988,000 | 12,668,000 |
Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 11,696,000 | 25,272,000 |
Consumer Portfolio Segment [Member] | ||
Loans | 465,516,000 | 488,563,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans | 280,094,000 | 303,972,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 1,149,000 | 760,000 |
Current | 50,318,000 | 48,917,000 |
Loans | 51,467,000 | 49,677,000 |
90 Days Past Due & Accruing | 108,000 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 889,000 | 571,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 260,000 | 189,000 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Past Due | 1,149,000 | 760,000 |
Current | 50,318,000 | 48,917,000 |
Loans | 51,467,000 | 49,677,000 |
90 Days Past Due & Accruing | 108,000 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 889,000 | 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 | 260,000 | 189,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 4,239,612,000 | 3,028,079,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 614,155,000 | 336,759,000 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | ||
Loans | 1,094,633,000 | 904,245,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 43,086,000 | 34,256,000 |
Current | 3,774,951,000 | 1,136,615,000 |
Loans | 3,818,037,000 | 1,170,871,000 |
90 Days Past Due & Accruing | 2,970,000 | 11,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 32,689,000 | 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 | 10,397,000 | 22,930,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | ||
Past Due | 22,823,000 | 13,577,000 |
Current | 2,364,954,000 | 676,531,000 |
Loans | 2,387,777,000 | 690,108,000 |
90 Days Past Due & Accruing | 2,565,000 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 17,176,000 | 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 | 5,647,000 | 10,741,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | ||
Past Due | 4,025,000 | 7,464,000 |
Current | 633,007,000 | 50,123,000 |
Loans | 637,032,000 | 57,587,000 |
90 Days Past Due & Accruing | 279,000 | |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 2,577,000 | 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 | 1,448,000 | 7,332,000 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | ||
Past Due | 16,238,000 | 13,215,000 |
Current | 776,990,000 | 409,961,000 |
Loans | 793,228,000 | 423,176,000 |
90 Days Past Due & Accruing | 126,000 | 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 | 12,936,000 | 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 | 3,302,000 | 4,857,000 |
Commercial Portfolio Segment [Member] | ||
Loans | 973,519,000 | 789,903,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 825,217,000 | 639,525,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans | 148,302,000 | 150,378,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Past Due | 3,434,000 | 2,924,000 |
Current | 1,058,729,000 | 82,211,000 |
Loans | 1,062,163,000 | 85,135,000 |
90 Days Past Due & Accruing | 67,000 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 2,395,000 | 771,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 1,039,000 | 2,153,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | ||
Past Due | 3,383,000 | 2,876,000 |
Current | 992,204,000 | 78,961,000 |
Loans | 995,587,000 | 81,837,000 |
90 Days Past Due & Accruing | 67,000 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 2,344,000 | 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 | 1,039,000 | 2,153,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | ||
Past Due | 51,000 | 48,000 |
Current | 66,525,000 | 3,250,000 |
Loans | 66,576,000 | 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 | 51,000 | 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 | ||
Unallocated Financing Receivables [Member] | ||
Loans | 26,962,000 | $ 20,662,000 |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | ||
Past Due | 15,000 | |
Current | 142,394,000 | |
Loans | 142,409,000 | |
90 Days Past Due & Accruing | ||
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Past Due | 15,000 | |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due |
Note 6 - Loans Acquired - Summa
Note 6 - Loans Acquired - Summary of Acquired Loans, Excluding Loans Covered by Loss Share (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Acquired loans | $ 10,779,685 | $ 5,632,890 |
Pass [Member] | ||
Acquired loans | 10,302,189 | 5,433,036 |
Special Mention [Member] | ||
Acquired loans | 301,922 | 33,865 |
Substandard [Member] | ||
Acquired loans | 175,064 | 164,251 |
Doubtful [Member] | ||
Acquired loans | 376 | 1,715 |
Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | 134 | 23 |
Acquired Loans [Member] | ||
Acquired loans | 5,074,076 | 1,305,683 |
Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 4,782,384 | 1,217,886 |
Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | 198,314 | 22,181 |
Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | 93,378 | 64,075 |
Acquired Loans [Member] | Doubtful [Member] | ||
Acquired loans | 1,541 | |
Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Consumer Portfolio Segment [Member] | ||
Acquired loans | 465,516 | 488,563 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Acquired loans | 460,080 | 485,575 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Acquired loans | 26 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Acquired loans | 5,436 | 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 | 280,094 | 303,972 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Pass [Member] | ||
Acquired loans | 275,160 | 301,632 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Special Mention [Member] | ||
Acquired loans | 26 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Substandard [Member] | ||
Acquired loans | 4,934 | 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 | 49,677 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 48,992 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | 14 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | 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 | 51,467 | 49,677 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Pass [Member] | ||
Acquired loans | 50,625 | 48,992 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Special Mention [Member] | ||
Acquired loans | 21 | 14 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Substandard [Member] | ||
Acquired loans | 821 | 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 | 4,239,612 | 3,028,079 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Acquired loans | 4,150,321 | 2,943,890 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Acquired loans | 29,330 | 10,996 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Acquired loans | 59,658 | 73,019 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | ||
Acquired loans | 303 | 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 | 614,155 | 336,759 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Acquired loans | 603,126 | 330,080 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Acquired loans | 5,795 | 98 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Acquired loans | 5,218 | 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 | 1,094,633 | 904,245 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Pass [Member] | ||
Acquired loans | 1,066,902 | 875,603 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | ||
Acquired loans | 3,954 | 4,024 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Substandard [Member] | ||
Acquired loans | 23,490 | 24,460 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | ||
Acquired loans | 287 | 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 | 3,818,037 | 1,170,871 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 3,576,661 | 1,092,275 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | 184,392 | 20,168 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | 56,984 | 56,893 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Acquired loans | 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 | 2,387,777 | 690,108 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Pass [Member] | ||
Acquired loans | 2,337,097 | 641,018 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Special Mention [Member] | ||
Acquired loans | 15,064 | 17,384 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Other Loans [Member] | Substandard [Member] | ||
Acquired loans | 35,616 | 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 | 637,032 | 57,587 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Pass [Member] | ||
Acquired loans | 468,610 | 50,704 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Acquired loans | 166,710 | 88 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Construction Loans [Member] | Substandard [Member] | ||
Acquired loans | 1,712 | 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 | 793,228 | 423,176 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Pass [Member] | ||
Acquired loans | 770,954 | 400,553 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Special Mention [Member] | ||
Acquired loans | 2,618 | 2,696 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Substandard [Member] | ||
Acquired loans | 19,656 | 18,392 |
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | Single Family Residential Loans [Member] | Doubtful [Member] | ||
Acquired loans | 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 | 973,519 | 789,903 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Acquired loans | 882,442 | 765,023 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Acquired loans | 74,278 | 662 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Acquired loans | 16,592 | 24,195 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Acquired loans | 73 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | 134 | 23 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Acquired loans | 825,217 | 639,525 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | ||
Acquired loans | 736,377 | 616,805 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Acquired loans | 74,254 | 558 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Acquired loans | 14,402 | 22,162 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Acquired loans | 50 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | 134 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Acquired loans | 148,302 | 150,378 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Pass [Member] | ||
Acquired loans | 146,065 | 148,218 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Special Mention [Member] | ||
Acquired loans | 24 | 104 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Substandard [Member] | ||
Acquired loans | 2,190 | 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 | 1,062,163 | 85,135 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 1,012,689 | 76,619 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | 13,901 | 1,999 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | 35,573 | 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 | 995,587 | 81,837 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Pass [Member] | ||
Acquired loans | 946,322 | 73,609 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Acquired loans | 13,901 | 1,965 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Acquired loans | 35,364 | 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 | 66,576 | 3,298 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Pass [Member] | ||
Acquired loans | 66,367 | 3,010 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Special Mention [Member] | ||
Acquired loans | 34 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Agricultural Loans [Member] | Substandard [Member] | ||
Acquired loans | 209 | 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 | ||
Unallocated Financing Receivables [Member] | ||
Acquired loans | 26,962 | 20,662 |
Unallocated Financing Receivables [Member] | Pass [Member] | ||
Acquired loans | 26,962 | 20,662 |
Unallocated Financing Receivables [Member] | Special Mention [Member] | ||
Acquired loans | ||
Unallocated Financing Receivables [Member] | Substandard [Member] | ||
Acquired loans | ||
Unallocated Financing Receivables [Member] | Doubtful [Member] | ||
Acquired loans | ||
Unallocated Financing Receivables [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans | ||
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | ||
Acquired loans | 142,409 | |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Pass [Member] | ||
Acquired loans | 142,409 | |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Acquired loans | ||
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Acquired loans | ||
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Acquired loans | ||
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Acquired loans |
Note 6 - Loans Acquired - Sum75
Note 6 - Loans Acquired - Summary of the Non-covered Impaired Loans Acquired in Acquisitions - Loans Acquired, Not Covered By FDIC Loss Share (Details) - Loans Acquired, Not Covered By FDIC Loss Share [Member] - USD ($) $ in Thousands | Oct. 19, 2017 | May 15, 2017 | Sep. 09, 2016 | Feb. 27, 2015 |
OKSB Merger [Member] | ||||
Contractually required principal and interest at acquisition | $ 2,021,388 | |||
Non-accretable difference (expected losses and foregone interest) | ||||
Cash flows expected to be collected at acquisition | 2,021,388 | |||
Accretable yield | (36,340) | |||
Basis in acquired loans at acquisition | 1,985,048 | |||
OKSB Merger [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Contractually required principal and interest at acquisition | 18,136 | |||
Non-accretable difference (expected losses and foregone interest) | (6,731) | |||
Cash flows expected to be collected at acquisition | 11,405 | |||
Accretable yield | ||||
Basis in acquired loans at acquisition | 11,405 | |||
First Texas Merger [Member] | ||||
Contractually required principal and interest at acquisition | 2,246,212 | |||
Non-accretable difference (expected losses and foregone interest) | ||||
Cash flows expected to be collected at acquisition | 2,246,212 | |||
Accretable yield | (37,834) | |||
Basis in acquired loans at acquisition | 2,208,378 | |||
First Texas Merger [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Contractually required principal and interest at acquisition | ||||
Non-accretable difference (expected losses and foregone interest) | ||||
Cash flows expected to be collected at acquisition | ||||
Accretable yield | ||||
Basis in acquired loans at acquisition | ||||
Hardeman County Investment Company, Inc. [Member] | ||||
Contractually required principal and interest at acquisition | $ 254,189 | |||
Non-accretable difference (expected losses and foregone interest) | ||||
Cash flows expected to be collected at acquisition | 254,189 | |||
Accretable yield | (5,002) | |||
Basis in acquired loans at acquisition | 249,187 | |||
Hardeman County Investment Company, Inc. [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Contractually required principal and interest at acquisition | 3,452 | |||
Non-accretable difference (expected losses and foregone interest) | (990) | |||
Cash flows expected to be collected at acquisition | 2,462 | |||
Accretable yield | ||||
Basis in acquired loans at acquisition | $ 2,462 | |||
Citizens National Bank [Member] | ||||
Contractually required principal and interest at acquisition | $ 348,756 | |||
Non-accretable difference (expected losses and foregone interest) | ||||
Cash flows expected to be collected at acquisition | 348,756 | |||
Accretable yield | (8,663) | |||
Basis in acquired loans at acquisition | 340,093 | |||
Citizens National Bank [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Contractually required principal and interest at acquisition | 1,605 | |||
Non-accretable difference (expected losses and foregone interest) | (848) | |||
Cash flows expected to be collected at acquisition | 757 | |||
Accretable yield | ||||
Basis in acquired loans at acquisition | $ 757 | |||
Liberty Bancshares, Inc. [Member] | ||||
Contractually required principal and interest at acquisition | $ 774,777 | |||
Non-accretable difference (expected losses and foregone interest) | ||||
Cash flows expected to be collected at acquisition | 774,777 | |||
Accretable yield | (4,869) | |||
Basis in acquired loans at acquisition | 769,908 | |||
Liberty Bancshares, Inc. [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Contractually required principal and interest at acquisition | 15,716 | |||
Non-accretable difference (expected losses and foregone interest) | (4,978) | |||
Cash flows expected to be collected at acquisition | 10,738 | |||
Accretable yield | 12 | |||
Basis in acquired loans at acquisition | 10,750 | |||
Community First Bancshares Inc [Member] | ||||
Contractually required principal and interest at acquisition | 1,153,255 | |||
Non-accretable difference (expected losses and foregone interest) | ||||
Cash flows expected to be collected at acquisition | 1,153,255 | |||
Accretable yield | (23,712) | |||
Basis in acquired loans at acquisition | 1,129,543 | |||
Community First Bancshares Inc [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Contractually required principal and interest at acquisition | 10,143 | |||
Non-accretable difference (expected losses and foregone interest) | (3,247) | |||
Cash flows expected to be collected at acquisition | 6,896 | |||
Accretable yield | 104 | |||
Basis in acquired loans at acquisition | $ 7,000 |
Note 6 - Loans Acquired - Impac
Note 6 - Loans Acquired - Impact of the Adjustments on the Company's Financial Results for the Following Reporting Periods (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Impact on net interest income | $ 4,105 | $ 3,072 | $ 19,995 | |
Non-interest income (1) | [1] | (7,719) | ||
Net impact to pre-tax income | 4,105 | 3,072 | 12,276 | |
Net impact, net of taxes | $ 2,495 | $ 1,867 | $ 7,461 | |
[1] | Negative non-interest income resulted from the amortization of the FDIC indemnification assets. Because the Company’s loss share agreements with the FDIC have been terminated, there will be no further indemnification asset amortization. |
Note 6 - Loans Acquired - Chang
Note 6 - Loans Acquired - Changes in the Carrying Amount of the Accretable Yield for All Purchased Impaired and Non-impaired Loans (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Balance, accretable yield | $ 1,655 | $ 954 | $ 20,635 |
Additions, accretable yield | 19 | (116) | |
Accretable yield adjustments, accretable yield | 4,893 | 5,122 | 6,593 |
Accretion, accretable yield | (5,928) | (4,440) | (21,038) |
Payments and other reductions, net, accretable yield | (5,120) | ||
Balance, accretable yield | 620 | 1,655 | 954 |
Balance, carrying amount of loans | 17,802 | 23,469 | 169,098 |
Additions, carrying amount of loans | 13,793 | 757 | 17,750 |
Accretion, carrying amount of loans | 5,928 | 4,440 | 21,038 |
Payments and other reductions, net, carrying amount of loans | (20,407) | (10,864) | (184,417) |
Balance, carrying amount of loans | $ 17,116 | $ 17,802 | $ 23,469 |
Note 6 - Loans Acquired - Sum78
Note 6 - Loans Acquired - Summary of the Changes in the FDIC True-Up Provision (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Balance | $ 8,308 |
Amortization expense | 107 |
Adjustments related to changes in expected losses | 720 |
Loss share termination agreement | (9,135) |
Balance |
Note 7 - Goodwill and Other I79
Note 7 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||
Sep. 30, 2017 | Sep. 30, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Oct. 19, 2017 | May 15, 2017 | Sep. 09, 2016 | Oct. 29, 2015 | Feb. 27, 2015 | |
Goodwill | $ 842,651,000 | $ 348,505,000 | ||||||||
Goodwill, Written off Related to Sale of Business Unit | $ 4,100,000 | |||||||||
Finite-Lived Intangible Assets, Period Increase (Decrease) | $ (1,300,000) | |||||||||
Amortization of Intangible Assets | $ 7,668,000 | 5,945,000 | $ 4,889,000 | |||||||
Minimum [Member] | ||||||||||
Finite-Lived Intangible Asset, Useful Life | 10 years | |||||||||
Maximum [Member] | ||||||||||
Finite-Lived Intangible Asset, Useful Life | 15 years | |||||||||
Core Deposit Premium [Member] | ||||||||||
Amortization of Intangible Assets | $ 6,000,000 | 4,400,000 | 3,900,000 | |||||||
Core Deposit Premium [Member] | Salina Banking Operations [Member] | ||||||||||
Decrease in Intangible Assets from The Sale of Business | $ 382,000 | |||||||||
Core Deposit Premium [Member] | Minimum [Member] | ||||||||||
Finite-Lived Intangible Asset, Useful Life | 10 years | |||||||||
Core Deposit Premium [Member] | Maximum [Member] | ||||||||||
Finite-Lived Intangible Asset, Useful Life | 15 years | |||||||||
Books of Business Intangible [Member] | ||||||||||
Amortization of Intangible Assets | $ 1,100,000 | 1,100,000 | 528,000 | |||||||
Purchased Credit Card Relationships [Member] | ||||||||||
Amortization of Intangible Assets | 414,000 | 414,000 | 414,000 | |||||||
OKSB Merger [Member] | ||||||||||
Goodwill | $ 228,932,000 | |||||||||
OKSB Merger [Member] | Core Deposit Premium [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | 42,100,000 | |||||||||
OKSB Merger [Member] | Other Intangible Assets [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | 3,800,000 | |||||||||
First Texas BHC, Inc. [Member] | ||||||||||
Goodwill | $ 238,000,000 | |||||||||
First Texas BHC, Inc. [Member] | Core Deposit Premium [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | 7,300,000 | |||||||||
Hardeman County Investment Company, Inc. [Member] | ||||||||||
Goodwill | $ 29,371,000 | |||||||||
Finite-lived Intangible Assets Acquired | 830,000 | |||||||||
Hardeman County Investment Company, Inc. [Member] | Core Deposit Premium [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 7,800,000 | |||||||||
Citizens National Bank [Member] | ||||||||||
Goodwill | $ 23,376,000 | |||||||||
Finite-lived Intangible Assets Acquired | 591,000 | |||||||||
Citizens National Bank [Member] | Core Deposit Premium [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 5,100,000 | |||||||||
Liberty Bancshares, Inc. [Member] | ||||||||||
Goodwill | $ 95,207,000 | |||||||||
Liberty Bancshares, Inc. [Member] | Core Deposit Premium [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | 14,600,000 | |||||||||
Community First Bancshares Inc [Member] | ||||||||||
Goodwill | $ 110,440,000 | |||||||||
Community First Bancshares Inc [Member] | Core Deposit Premium [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | 11,300,000 | |||||||||
Community First Bancshares Inc [Member] | Books of Business Intangible [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | 420,000 | |||||||||
Ozark Trust [Member] | ||||||||||
Goodwill | $ 13,300,000 | |||||||||
Ozark Trust [Member] | Books of Business Intangible [Member] | ||||||||||
Finite-lived Intangible Assets Acquired | $ 9,700,000 |
Note 7 - Goodwill and Other I80
Note 7 - Goodwill and Other Intangible Assets - Goodwill, Core Deposit Premiums and Purchased Credit Card Relationships (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Goodwill | $ 842,651 | $ 348,505 |
Intangible assets, net | 106,071 | 52,959 |
Total goodwill and other intangible assets | 948,722 | 401,464 |
Core Deposit Premium [Member] | ||
Gross carrying amount | 105,984 | 48,692 |
Accumulated amortization | (16,659) | (10,625) |
Intangible assets, net | 89,325 | 38,067 |
Books of Business Intangible [Member] | ||
Gross carrying amount | 15,414 | 15,884 |
Accumulated amortization | (2,827) | (1,716) |
Intangible assets, net | 12,587 | 14,168 |
Other Intangible Assets [Member] | ||
Gross carrying amount | 6,037 | 2,068 |
Accumulated amortization | (1,878) | (1,344) |
Intangible assets, net | $ 4,159 | $ 724 |
Note 7 - Goodwill and Other I81
Note 7 - Goodwill and Other Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
2,018 | $ 11,355 | |
2,019 | 11,045 | |
2,020 | 11,032 | |
2,021 | 10,970 | |
2,022 | 10,918 | |
Thereafter | 50,751 | |
Total | $ 106,071 | $ 52,959 |
Note 8 - Time Deposits (Details
Note 8 - Time Deposits (Details Textual) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Time Deposits, $100,000 or More | $ 735,970,000 | $ 600,280,000 |
Time Deposits, at or Above FDIC Insurance Limit | 396,771,000 | 193,596,000 |
Interest-bearing Domestic Deposit, Brokered | 159,586,000 | $ 7,040,000 |
Time Deposit Maturities, Next Twelve Months | 966,158,000 | |
Time Deposit Maturities, Year Two | 660,371,000 | |
Time Deposit Maturities, Year Three | 170,969,000 | |
Time Deposit Maturities, Year Four | 75,599,000 | |
Time Deposit Maturities, Year Five | $ 59,633,000 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | 35.00% | 35.00% | ||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | $ 11,500 | ||||
Stockholders' Equity, Effects of Tax Law Changes | |||||
Earliest Tax Year [Member] | Domestic Tax Authority [Member] | |||||
Open Tax Year | 2,014 | ||||
Earliest Tax Year [Member] | State and Local Jurisdiction [Member] | |||||
Open Tax Year | 2,014 | ||||
Metropolitan [Member] | |||||
Operating Loss Carryforwards | $ 35,600 | $ 35,600 | |||
Retained Earnings [Member] | |||||
Stockholders' Equity, Effects of Tax Law Changes | $ 3,016 | ||||
Retained Earnings [Member] | New Accounting Pronouncement, Early Adoption, Effect [Member] | |||||
Stockholders' Equity, Effects of Tax Law Changes | $ 3,000 | ||||
Scenario, Forecast [Member] | |||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
Note 9 - Income Taxes - Provisi
Note 9 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income taxes currently payable | $ 38,732 | $ 36,792 | $ 19,301 |
Deferred income taxes | 23,251 | 9,832 | 13,599 |
Provision for income taxes | $ 61,983 | $ 46,624 | $ 32,900 |
Note 9 - Income Taxes - Tax Eff
Note 9 - Income Taxes - Tax Effects of Temporary Differences Related to Deferred Taxes Included in Other Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets: | ||
Loans acquired | $ 19,885 | $ 7,986 |
Allowance for loan losses | 10,773 | 14,754 |
Valuation of foreclosed assets | 2,852 | 3,958 |
Tax NOLs from acquisition | 7,821 | 13,077 |
Deferred compensation payable | 2,433 | 2,785 |
Accrued equity and other compensation | 5,302 | 8,107 |
Acquired securities | 578 | 1,098 |
Unrealized loss on available-for-sale securities | 6,107 | 9,559 |
Other | 8,813 | 7,101 |
Gross deferred tax assets | 64,564 | 68,425 |
Deferred tax liabilities: | ||
Goodwill and other intangible amortization | (32,572) | (29,601) |
Accumulated depreciation | (8,945) | (5,370) |
Other | (4,413) | (5,877) |
Gross deferred tax liabilities | (45,930) | (40,848) |
Net deferred tax asset, included in other assets | $ 18,634 | $ 27,577 |
Note 9 - Income Taxes - Reconci
Note 9 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Computed at the statutory rate (35%) | $ 54,223 | $ 50,203 | $ 37,543 |
State income taxes, net of federal tax benefit | 1,582 | 2,121 | 2,097 |
Discrete items related to ASU 2016-09 | (1,480) | ||
Tax exempt interest income | (5,135) | (5,112) | (5,432) |
Impact of DTA remeasurement | 11,471 | ||
Section 382 adjustment | (2,293) | ||
Other differences, net | 1,322 | (588) | 985 |
Provision for income taxes | $ 61,983 | $ 46,624 | $ 32,900 |
Note 9 - Income Taxes - Recon87
Note 9 - Income Taxes - Reconciliation of Income Tax Expense (Details) (Parentheticals) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statutory rate | 35.00% | 35.00% | 35.00% |
Note 10 - Securities Sold Und88
Note 10 - Securities Sold Under Agreements to Repurchase (Details Textual) - USD ($) $ in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Financial Assets Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement | $ 122 | $ 102.4 |
Note 10 - Securities Sold Und89
Note 10 - Securities Sold Under Agreements to Repurchase - Contractual Maturity of the Agreements (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Repurchase agreements | $ 122,000 | $ 102,400 |
US Government Agencies Debt Securities [Member] | ||
Repurchase agreements | 122,019 | 102,404 |
Maturity Overnight [Member] | US Government Agencies Debt Securities [Member] | ||
Repurchase agreements | 122,019 | 101,647 |
Maturity Less than 30 Days [Member] | US Government Agencies Debt Securities [Member] | ||
Repurchase agreements | ||
Maturity 30 to 90 Days [Member] | US Government Agencies Debt Securities [Member] | ||
Repurchase agreements | ||
Maturity Greater than 90 Days [Member] | US Government Agencies Debt Securities [Member] | ||
Repurchase agreements | $ 757 |
Note 11 - Other Borrowings an90
Note 11 - Other Borrowings and Subordinated Debentures (Details Textual) - USD ($) | 1 Months Ended | 12 Months Ended | |||
Oct. 31, 2015 | Dec. 31, 2017 | Oct. 31, 2017 | Oct. 19, 2017 | May 15, 2017 | |
Debt Instrument, Face Amount | $ 52,300,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 3.85% | ||||
Debt Instrument, Term | 10 years | ||||
Debt Instrument, Periodic Payment Terms, Balloon Payment Term | 5 years | ||||
Repayments of Long-term Debt | $ 36,000,000 | ||||
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | $ 1,100,000,000 | ||||
Advances from Federal Home Loan Banks | 1,300,000,000 | ||||
Advances from Federal Home Loan Bank Available | 2,258,000,000 | ||||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 3,785,000,000 | ||||
Federal Home Loan Bank Advances [Member] | |||||
Debt Instrument, Term | 1 year | ||||
U.S. Bank National Association [Member] | Revolving Credit Facility [Member] | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 75,000,000 | ||||
OKSB and First Texas Acquisitions [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 75.90 | ||||
Hardeman County Investment Company, Inc. [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 419,656,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debentures | $ 6,702,000 |
Note 11 - Other Borrowings an91
Note 11 - Other Borrowings and Subordinated Debentures - Long-term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Other borrowings | $ 1,380,024 | $ 273,159 |
Subordinated debentures | 140,565 | 60,397 |
Subordinated Debentures | 140,565 | 60,397 |
Total other borrowings and subordinated debentures | 1,520,589 | 333,556 |
U.S. Bank National Association [Member] | Revolving Credit Facility [Member] | ||
Revolving credit agreement, due 10/5/2018, floating rate of 1.50% above the one month LIBOR rate, unsecured | 75,000 | |
Federal Home Loan Bank Advances [Member] | ||
FHLB advances, net of discount, due 2018 to 2033, 1.20% to 7.37% secured by residential real estate loans | 1,261,642 | 225,230 |
Note Payable Due 10/15/2020 [Member] | ||
Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured | 43,382 | 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 |
Subordinated Debentures | 20,620 | 20,620 |
Trust Preferred Securities Due 6/30/2035 [Member] | ||
Subordinated debentures | 9,327 | 9,225 |
Subordinated Debentures | 9,327 | 9,225 |
Trust Preferred Securities Due 9/15/2037 [Member] | ||
Subordinated debentures | 10,284 | 10,130 |
Subordinated Debentures | 10,284 | 10,130 |
Trust Preferred Securities Due 12/5/2033 [Member] | ||
Subordinated debentures | 5,156 | 5,161 |
Subordinated Debentures | 5,156 | 5,161 |
Trust Preferred Securities Due 10/18/2034 [Member] | ||
Subordinated debentures | 5,148 | 5,105 |
Subordinated Debentures | 5,148 | 5,105 |
Trust Preferred Securities, Due 6/6/2037 [Member] | ||
Subordinated debentures | 10,288 | 10,156 |
Subordinated Debentures | 10,288 | 10,156 |
Trust Preferred Securities, Due 12/15/2035 [Member] | ||
Subordinated debentures | 6,702 | |
Subordinated Debentures | 6,702 | |
Trust Preferred Securities, Due 6/26/2033 [Member] | ||
Subordinated debentures | 20,619 | |
Subordinated Debentures | 20,619 | |
Trust Preferred Securities, Due 10/7/2033 [Member] | ||
Subordinated debentures | 25,774 | |
Subordinated Debentures | 25,774 | |
Second Trust Preferred Securities Due 9/15/2037 [Member] | ||
Subordinated debentures | 8,248 | |
Subordinated Debentures | 8,248 | |
Trust Preferred Securities, Due 9/30/2023 [Member] | ||
Subordinated debentures | 18,399 | |
Subordinated Debentures | $ 18,399 |
Note 11 - Other Borrowings an92
Note 11 - Other Borrowings and Subordinated Debentures - Long-term Debt (Details) (Parentheticals) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Oct. 31, 2015 | |
Fixed rate | 3.85% | ||
U.S. Bank National Association [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Floating rate | 1.50% | ||
Federal Home Loan Bank Advances [Member] | Minimum [Member] | |||
Fixed rate | 1.20% | 1.20% | |
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 12/5/2033 [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Floating rate | 2.88% | 2.88% | |
Trust Preferred Securities Due 10/18/2034 [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% | |
Trust Preferred Securities, Due 12/15/2035 [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Floating rate | 1.45% | ||
Trust Preferred Securities, Due 6/26/2033 [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Floating rate | 3.10% | ||
Trust Preferred Securities, Due 10/7/2033 [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Floating rate | 2.85% | ||
Second Trust Preferred Securities Due 9/15/2037 [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Floating rate | 2.00% |
Note 11 - Other Borrowings an93
Note 11 - Other Borrowings and Subordinated Debentures - Aggregate Annual Maturities of Long-term Debt (Details) $ in Thousands | Dec. 31, 2017USD ($) |
2,018 | $ 23,093 |
2,019 | 7,486 |
2,020 | 36,222 |
2,021 | 2,165 |
2,022 | 1,314 |
Thereafter | 148,307 |
Total | $ 218,587 |
Note 12 - Capital Stock (Detail
Note 12 - Capital Stock (Details Textual) | Feb. 08, 2018 | Feb. 27, 2015shares | Dec. 31, 2016 | Feb. 18, 2016 | Jul. 23, 2012shares | Feb. 27, 2009USD ($)$ / sharesshares |
Preferred Stock, Shares Authorized | 40,040,000 | |||||
Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | |||||
Preferred Stock, Dividend Rate, Percentage | 9.00% | 1.00% | ||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 850,000 | |||||
Percent of Oustanding Stock | 5.00% | |||||
Community First Bancshares Inc [Member] | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 13,105,830 | |||||
Community First Bancshares Inc [Member] | Preferred Stock [Member] | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 30,852 | |||||
Subsequent Event [Member] | ||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 2 | |||||
Maximum [Member] | ||||||
Preferred Stock, Liquidation Preference, Value | $ | $ 80,000,000 |
Note 13 - Transactions With R95
Note 13 - Transactions With Related Parties (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Notes Receivable, Related Parties | $ 58,867 | $ 65,834 | $ 58,404 |
Note 13 - Transactions With R96
Note 13 - Transactions With Related Parties - Related Party Transactions, Extensions of Credit (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Balance, beginning of year | $ 65,834 | $ 58,404 |
New extensions of credit | 9,092 | 18,298 |
Repayments | (16,059) | (10,868) |
Balance, end of year | $ 58,867 | $ 65,834 |
Note 14 - Employee Benefit Pl97
Note 14 - Employee Benefit Plans (Details Textual) | Feb. 08, 2018 | Dec. 31, 2017USD ($)$ / sharesshares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2015USD ($)$ / sharesshares |
Employee Stock Ownership Plan (ESOP), Compensation Expense | $ 6,343,000 | $ 5,488,000 | $ 6,278,000 | |
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 1,596,000 | 1,056,000 | 804,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 95.00% | |||
Allocated Share-based Compensation Expense | $ 11,763,000 | $ 5,451,000 | $ 4,018,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 264,000 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 23,300,000 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 109 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 5,342,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 4,761,000 | |||
Share Price | $ / shares | $ 28.55 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares | 122,012 | 127,424 | 142,736 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 1,329,000 | $ 2,031,000 | $ 2,054,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares | 0 | 116,000 | 750,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares | $ 5.82 | $ 3.91 | ||
Subsequent Event [Member] | ||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 2 | |||
Employee Stock Purchase Plan 2011 [Member] | ||||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | $ 25,000 | |||
Special Employee Stock Purchase Plan 2015 [Member] | ||||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | $ 10,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85.00% |
Note 14 - Employee Benefit Pl98
Note 14 - Employee Benefit Plans - Stock Compensation Plans (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Stock Options Outstanding Number of Shares, Balance (in shares) | 946,000 | 970,000 | 240,000 |
Stock Options Outstanding Weighted Average Exercise Price, Balance (in dollars per share) | $ 21.43 | $ 20.31 | $ 13.86 |
Stock Options Outstanding Number of Shares, Granted (in shares) | 0 | 116,000 | 750,000 |
Stock Options Outstanding Weighted Average Exercise Price, Granted (in dollars per share) | $ 23.51 | $ 22.35 | |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | (122,012) | (127,424) | (142,736) |
Stock Options Outstanding Weighted Average Exercise Price, Stock Options Exercised (in dollars per share) | $ 17.66 | $ 15.14 | $ 11.29 |
Stock Awards/Units Outstanding Number of Shares, Stock Options Exercised (in shares) | 122,012 | 127,424 | 142,736 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 122,012 | 127,424 | 142,736 |
Stock issued for acquisition, shares (in shares) | 132,000 | ||
Stock Options Outstanding Weighted Average Exercise Price, Stock Options from Acquisitions (in dollars per share) | $ 10.22 | ||
Stock Options Outstanding Number of Shares, Stock Awards/Units Vested (in shares) | |||
Stock Options Outstanding Number of Shares, Forfeited/Expired (in shares) | (12,000) | (12,000) | (10,000) |
Stock Options Outstanding Weighted Average Exercise Price, Forfeited/Expired (in dollars per share) | $ 22.67 | $ 17.53 | $ 12.25 |
Stock Options Outstanding Number of Shares, Balance (in shares) | 812,000 | 946,000 | 970,000 |
Stock Options Outstanding Weighted Average Exercise Price, Balance (in dollars per share) | $ 21.98 | $ 21.43 | $ 20.31 |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | (122,012) | (127,424) | (142,736) |
Stock Options Outstanding Weighted Average Exercise Price, Stock Options Exercised (in dollars per share) | $ 17.66 | $ 15.14 | $ 11.29 |
Stock Options Outstanding Number of Shares, Exercisable (in shares) | 711,000 | ||
Stock Options Outstanding Weighted Average Exercise Price,Exercisable (in dollars per share) | $ 21.85 | ||
Restricted Stock [Member] | |||
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | 278,000 | 342,000 | 454,000 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ 20.48 | $ 17.83 | $ 15.94 |
Stock Awards/Units Outstanding Number of Shares, Granted (in shares) | 272,000 | 190,000 | |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Granted (in dollars per share) | $ 23.46 | $ 21.73 | |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | |||
Stock Awards/Units Outstanding Number of Shares, Stock Options Exercised (in shares) | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | |||
Stock Options Outstanding Number of Shares, Stock Awards/Units Vested (in shares) | (91,000) | (318,000) | (262,000) |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Vested (in dollars per share) | $ 19.40 | $ 20.96 | $ 17.39 |
Stock Awards/Units Outstanding Number of Shares, Forfeited/Expired (in shares) | (25,000) | (18,000) | (40,000) |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Forfeited/Expired (in dollars per share) | $ 21.91 | $ 21.85 | $ 17.68 |
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | 162,000 | 278,000 | 342,000 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ 20.86 | $ 20.48 | $ 17.83 |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | |||
Stock Options Outstanding Number of Shares, Exercisable (in shares) | |||
Stock Units [Member] | |||
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | 225,000 | 40,000 | |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ 22.70 | $ 18.58 | |
Stock Awards/Units Outstanding Number of Shares, Granted (in shares) | 849,000 | 216,000 | 40,000 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Granted (in dollars per share) | $ 28.86 | $ 23.48 | $ 18.58 |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | |||
Stock Awards/Units Outstanding Number of Shares, Stock Options Exercised (in shares) | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | |||
Stock Options Outstanding Number of Shares, Stock Awards/Units Vested (in shares) | (392,000) | (25,000) | |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Vested (in dollars per share) | $ 27.13 | $ 22.77 | |
Stock Awards/Units Outstanding Number of Shares, Forfeited/Expired (in shares) | (30,000) | (6,000) | |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Forfeited/Expired (in dollars per share) | $ 25.76 | $ 23.51 | |
Stock Awards/Units Outstanding Number of Shares, Balance (in shares) | 652,000 | 225,000 | 40,000 |
Stock Awards/Units Outstanding Weighted Average Grant-Date Fair-Value, Balance (in dollars per share) | $ 27.92 | $ 22.70 | $ 18.58 |
Stock Options Outstanding Number of Shares, Stock Options Exercised (in shares) | |||
Stock Options Outstanding Number of Shares, Exercisable (in shares) |
Note 14 - Employee Benefit Pl99
Note 14 - Employee Benefit Plans - Stock Options Outstanding by Range of Exercise Prices (Details) | 12 Months Ended |
Dec. 31, 2017$ / sharesshares | |
Range of exercise prices, minimum (in dollars per share) | $ 8.78 |
Range of exercise prices, maximum (in dollars per share) | $ 24.07 |
Options outstanding, number of shares (in shares) | shares | 812 |
Options outstanding, weighted average remaining contractual life (Year) | 6 years 302 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 21.98 |
Options exercisable, number of shares (in shares) | shares | 711 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 21.85 |
Range01 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 8.78 |
Range of exercise prices, maximum (in dollars per share) | $ 10.57 |
Options outstanding, number of shares (in shares) | shares | 7 |
Options outstanding, weighted average remaining contractual life (Year) | 2 years 131 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 9.64 |
Options exercisable, number of shares (in shares) | shares | 7 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 9.64 |
Range 02 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 10.65 |
Range of exercise prices, maximum (in dollars per share) | $ 10.65 |
Options outstanding, number of shares (in shares) | shares | 7 |
Options outstanding, weighted average remaining contractual life (Year) | 5 years 21 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 10.65 |
Options exercisable, number of shares (in shares) | shares | 4 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 10.65 |
Range 03 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 10.76 |
Range of exercise prices, maximum (in dollars per share) | $ 10.76 |
Options outstanding, number of shares (in shares) | shares | 3 |
Options outstanding, weighted average remaining contractual life (Year) | 2 years 18 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 10.76 |
Options exercisable, number of shares (in shares) | shares | 3 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 10.76 |
Range 04 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 15.16 |
Range of exercise prices, maximum (in dollars per share) | $ 15.16 |
Options outstanding, number of shares (in shares) | shares | 36 |
Options outstanding, weighted average remaining contractual life (Year) | 149 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 15.16 |
Options exercisable, number of shares (in shares) | shares | 36 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 15.16 |
Range 05 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 20.29 |
Range of exercise prices, maximum (in dollars per share) | $ 20.29 |
Options outstanding, number of shares (in shares) | shares | 78 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years |
Options outstanding, weighted average exercise price (in dollars per share) | $ 20.29 |
Options exercisable, number of shares (in shares) | shares | 78 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 20.29 |
Range 06 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 20.36 |
Range of exercise prices, maximum (in dollars per share) | $ 20.36 |
Options outstanding, number of shares (in shares) | shares | 3 |
Options outstanding, weighted average remaining contractual life (Year) | 6 years 321 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 20.36 |
Options exercisable, number of shares (in shares) | shares | 2 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 20.36 |
Range 07 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 22.20 |
Range of exercise prices, maximum (in dollars per share) | $ 22.20 |
Options outstanding, number of shares (in shares) | shares | 82 |
Options outstanding, weighted average remaining contractual life (Year) | 6 years 339 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 22.20 |
Options exercisable, number of shares (in shares) | shares | 57 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 22.20 |
Range 08 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 22.75 |
Range of exercise prices, maximum (in dollars per share) | $ 22.75 |
Options outstanding, number of shares (in shares) | shares | 481 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 54 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 22.75 |
Options exercisable, number of shares (in shares) | shares | 481 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 22.75 |
Range 09 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 23.51 |
Range of exercise prices, maximum (in dollars per share) | $ 23.51 |
Options outstanding, number of shares (in shares) | shares | 108 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 299 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 23.51 |
Options exercisable, number of shares (in shares) | shares | 36 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 23.51 |
Range 10 [Member] | |
Range of exercise prices, minimum (in dollars per share) | 24.07 |
Range of exercise prices, maximum (in dollars per share) | $ 24.07 |
Options outstanding, number of shares (in shares) | shares | 7 |
Options outstanding, weighted average remaining contractual life (Year) | 7 years 259 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 24.07 |
Options exercisable, number of shares (in shares) | shares | 7 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 24.07 |
Note 14 - Employee Benefit P100
Note 14 - Employee Benefit Plans - Weighted-Average Fair Value Assumptions (Details) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Expected dividend yield | 1.96% | 2.06% |
Expected stock price volatility | 27.34% | 16.96% |
Risk-free interest rate | 2.01% | 2.17% |
Expected life of options (in years) (Year) | 7 years | 10 years |
Note 15 - Additional Cash Fl101
Note 15 - Additional Cash Flow Information - Additional Cash Flow Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Interest paid | $ 39,384 | $ 22,069 | $ 21,700 |
Income taxes paid | 35,770 | 39,824 | 20,127 |
Transfers of Loans Not Covered by FDIC Loss Share to Foreclosed Assets Held-for-sale [Member] | |||
Real estate transferred | 6,983 | 4,604 | 16,456 |
Transfers of Loans Acquired Covered by FDIC Loss Share to Foreclosed Assets Covered by FDIC Loss Share [Member] | |||
Real estate transferred | 4,349 | ||
Transfers of Foreclosed Assets Covered by FDIC Loss Share to Foreclosed Assets Held for Sale [Member] | |||
Real estate transferred | 13,895 | ||
Transfers of Loans Acquired Covered by FDIC Loss Share, to Loans Acquired not Covered by FDIC Loss Share [Member] | |||
Real estate transferred | 88,922 | ||
Transfer of Premises to Foreclosed Assets and Other Real Estate Owned [Member] | |||
Real estate transferred | 5,422 | ||
Transfers of Premises Held-for-sale to Foreclosed Assets Held-for-sale [Member] | |||
Real estate transferred | $ 3,188 | $ 652 | $ 6,126 |
Note 15 - Additional Cash Fl102
Note 15 - Additional Cash Flow Information - Company Acquired Assets and Assumed Liabilities Under Purchase Method (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Goodwill | $ 842,651 | $ 348,505 | |
Citizens, Liberty Community, First Metropolitan, Delta Trust Acquisitions, and Ozark [Member] | |||
Assets acquired | 5,582,495 | 585,500 | $ 2,996,228 |
Liabilities assumed | 5,022,824 | 530,695 | 2,680,140 |
Purchase price | 1,055,993 | 76,300 | 535,003 |
Goodwill | $ 496,322 | $ 21,495 | $ 218,915 |
Note 16 - Other Operating Ex103
Note 16 - Other Operating Expenses (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Equipment Expense | $ 19,366,000 | $ 16,683,000 | $ 14,352,000 |
Equipment Rentals [Member] | |||
Equipment Expense | 2,200,000 | 2,300,000 | 2,600,000 |
Leasing of ATMs [Member] | |||
Equipment Expense | 1,335,000 | 1,338,000 | 1,463,000 |
Occupancy Expense [Member] | |||
Operating Leases, Rent Expense | $ 5,580,000 | $ 4,643,000 | $ 4,216,000 |
Note 16 - Other Operating Ex104
Note 16 - Other Operating Expenses - Other Operating Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Professional services | $ 19,500 | $ 14,630 | $ 9,583 |
Postage | 4,686 | 4,599 | 4,219 |
Telephone | 4,262 | 4,294 | 4,817 |
Credit card expense | 12,188 | 11,328 | 9,157 |
Marketing | 11,141 | 6,929 | 6,337 |
Operating supplies | 1,980 | 1,824 | 2,395 |
Amortization of intangibles | 7,668 | 5,945 | 4,889 |
Branch right sizing expense | 434 | 3,600 | 3,297 |
Other expense | 27,020 | 20,364 | 20,001 |
Total other operating expenses | $ 88,879 | $ 73,513 | $ 64,695 |
Note 17 - Fair Value Measure105
Note 17 - Fair Value Measurements (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Real Estate Acquired Through Foreclosure | $ 32,118,000 | $ 26,895,000 |
Impaired Financing Receivable, Related Allowance | 338,000 | 680,000 |
Collateral Dependent Loans [Member] | ||
Impaired Financing Receivable, Related Allowance | $ 2,195,000 | 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 | $ 32,100,000 | $ 26,900,000 |
Special Mention Or Worse [Member] | ||
Collateral Dependent Loans Amount At Which All Loans Are Tested | $ 1,500,000 |
Note 17 - Fair Value Measure106
Note 17 - Fair Value Measurements - Fair Value of Financial Assets Measure on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Available-for-sale securities | $ 1,589,517 | $ 1,157,354 |
Assets held in trading accounts | 41 | |
Fair Value, Measurements, Recurring [Member] | ||
Other assets held for sale | 165,780 | |
Derivative asset | 3,634 | 1,199 |
Other liabilities held for sale | (157,366) | |
Derivative liability | (3,068) | (1,274) |
Assets held in trading accounts | 41 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Other assets held for sale | ||
Derivative asset | ||
Other liabilities held for sale | ||
Derivative liability | ||
Assets held in trading accounts | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Other assets held for sale | ||
Derivative asset | 3,634 | 1,199 |
Other liabilities held for sale | ||
Derivative liability | (3,068) | (1,274) |
Assets held in trading accounts | 41 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Other assets held for sale | 165,780 | |
Derivative asset | ||
Other liabilities held for sale | (157,366) | |
Derivative liability | ||
Assets held in trading accounts | ||
US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 139,724 | 137,771 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 139,724 | 137,771 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | ||
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | 139,724 | 137,771 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale securities | ||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Available-for-sale securities | 1,187,317 | 868,324 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 1,187,317 | 868,324 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | ||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | 1,187,317 | 868,324 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale securities | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 143,165 | 102,943 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 143,165 | 102,943 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | 143,165 | 102,943 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale securities | ||
Other Securities [Member] | ||
Available-for-sale securities | 119,311 | 48,016 |
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Other securities | 119,311 | 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 | 119,311 | 48,016 |
Other Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Other securities | ||
US Treasury Securities [Member] | ||
Available-for-sale securities | 300 | |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 300 | |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale securities | 300 | |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale securities | ||
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale securities |
Note 17 - Fair Value Measure107
Note 17 - Fair Value Measurements - Fair Value of Financial Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | |
Impaired loans (1) (2) (collateral dependent) | [1],[2] | $ 11,229 | $ 17,154 |
Foreclosed assets and other real estate owned (1) | [2] | 24,093 | 17,806 |
Fair Value, Inputs, Level 3 [Member] | |||
Impaired loans (1) (2) (collateral dependent) | [1],[2] | 11,229 | 17,154 |
Foreclosed assets and other real estate owned (1) | [2] | 24,093 | 17,806 |
Fair Value, Inputs, Level 1 [Member] | |||
Foreclosed assets and other real estate owned (1) | [2] | ||
Fair Value, Inputs, Level 2 [Member] | |||
Foreclosed assets and other real estate owned (1) | [2] | ||
[1] | Specific allocations of $2,195,000 and $2,384,000 were related to the impaired collateral dependent loans for which fair value re-measurements took place during the periods ended December 31, 2017 and 2016, respectively. | ||
[2] | These amounts represent the resulting carrying amounts on the Consolidated Balance Sheets for impaired collateral dependent loans and foreclosed assets and other real estate owned for which fair value re-measurements took place during the period. |
Note 17 - Fair Value Measure108
Note 17 - Fair Value Measurements - Estimated Fair Values and Related Carrying Amounts of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Financial assets: | ||
Held-to-maturity securities | $ 373,298 | $ 465,960 |
Reported Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 598,042 | 285,659 |
Interest bearing balances due from banks - time | 3,314 | 4,563 |
Held-to-maturity securities | 368,058 | 462,096 |
Mortgage loans held for sale | 24,038 | 27,788 |
Interest receivable | 43,528 | 27,788 |
Financial liabilities: | ||
Federal funds purchased and securities sold under agreements to repurchase | 122,444 | 115,029 |
Other borrowings | 1,380,024 | 273,159 |
Subordinated debentures | 140,565 | 60,397 |
Interest payable | 4,564 | 1,668 |
Reported Value Measurement [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Financial liabilities: | ||
Deposits | 2,665,249 | 1,491,676 |
Reported Value Measurement [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Financial liabilities: | ||
Deposits | 6,494,896 | 3,956,483 |
Reported Value Measurement [Member] | Time Deposits [Member] | ||
Financial liabilities: | ||
Deposits | 1,932,730 | 1,287,060 |
Reported Value Measurement [Member] | Legacy Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | 5,663,941 | 4,290,921 |
Reported Value Measurement [Member] | Acquired Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | 5,074,076 | 1,305,683 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 598,042 | 285,659 |
Interest bearing balances due from banks - time | 3,314 | 4,563 |
Held-to-maturity securities | 373,298 | 465,960 |
Mortgage loans held for sale | 24,038 | 27,788 |
Interest receivable | 43,528 | 27,788 |
Financial liabilities: | ||
Federal funds purchased and securities sold under agreements to repurchase | 122,444 | 115,029 |
Other borrowings | 1,381,365 | 292,367 |
Subordinated debentures | 136,474 | 55,318 |
Interest payable | 4,564 | 1,668 |
Estimate of Fair Value Measurement [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Financial liabilities: | ||
Deposits | 2,665,249 | 1,491,676 |
Estimate of Fair Value Measurement [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Financial liabilities: | ||
Deposits | 6,494,896 | 3,956,483 |
Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Financial liabilities: | ||
Deposits | 1,915,539 | 1,278,339 |
Estimate of Fair Value Measurement [Member] | Legacy Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | 5,646,505 | 4,305,165 |
Estimate of Fair Value Measurement [Member] | Acquired Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | 5,058,455 | 1,310,017 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 598,042 | 285,659 |
Interest bearing balances due from banks - time | ||
Held-to-maturity securities | ||
Mortgage loans held for sale | ||
Interest receivable | ||
Financial liabilities: | ||
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] | ||
Financial liabilities: | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Financial liabilities: | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Time Deposits [Member] | ||
Financial liabilities: | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Legacy Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Acquired Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | ||
Interest bearing balances due from banks - time | 3,314 | 4,563 |
Held-to-maturity securities | 373,298 | 465,960 |
Mortgage loans held for sale | ||
Interest receivable | 43,528 | 27,788 |
Financial liabilities: | ||
Federal funds purchased and securities sold under agreements to repurchase | 122,444 | 115,029 |
Other borrowings | 1,381,365 | 292,367 |
Subordinated debentures | 136,474 | 55,318 |
Interest payable | 4,564 | 1,668 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Non-Interest Bearing Transaction Accounts [Member] | ||
Financial liabilities: | ||
Deposits | 2,665,249 | 1,491,676 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Financial liabilities: | ||
Deposits | 6,494,896 | 3,956,483 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Time Deposits [Member] | ||
Financial liabilities: | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Legacy Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Acquired Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | ||
Interest bearing balances due from banks - time | ||
Held-to-maturity securities | ||
Mortgage loans held for sale | 24,038 | 27,788 |
Interest receivable | ||
Financial liabilities: | ||
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] | ||
Financial liabilities: | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Bearing Transaction Accounts and Savings Deposits [Member] | ||
Financial liabilities: | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Time Deposits [Member] | ||
Financial liabilities: | ||
Deposits | 1,915,539 | 1,278,339 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Legacy Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | 5,646,505 | 4,305,165 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Acquired Loans [Member] | ||
Financial assets: | ||
Legacy loans (net of allowance) | $ 5,058,455 | $ 1,310,017 |
Note 18 - Commitments and Cr109
Note 18 - Commitments and Credit Risk (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Letters of Credit Outstanding, Amount | $ 47,621,000 | $ 29,362,000 |
Standby Letters of Credit [Member] | ||
Deferred Revenue | $ 0 | $ 0 |
Minimum [Member] | ||
Letters of Credit Term | 270 days | 270 days |
Maximum [Member] | ||
Letters of Credit Term | 15 years | 15 years |
Credit Card Commitments to Extend Credit [Member] | ||
Commitments and Contingencies | $ 564,592,000 | $ 562,527,000 |
Other Loan Commitments to Extend Credit [Member] | ||
Commitments and Contingencies | $ 3,086,696,000 | $ 1,220,137,000 |
Note 19 - New Accounting Sta110
Note 19 - New Accounting Standards (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Stockholders' Equity, Effects of Tax Law Changes | ||||
Income Tax Expense (Benefit) | 61,983 | $ 46,624 | $ 32,900 | |
Accounting Standards Update 2016-09 [Member] | ||||
Income Tax Expense (Benefit) | (1,700) | |||
Retained Earnings [Member] | ||||
Stockholders' Equity, Effects of Tax Law Changes | $ 3,016 | |||
Retained Earnings [Member] | New Accounting Pronouncement, Early Adoption, Effect [Member] | ||||
Stockholders' Equity, Effects of Tax Law Changes | $ 3,000 |
Note 21 - Stockholders' Equi111
Note 21 - Stockholders' Equity (Details Textual) $ in Millions | 12 Months Ended |
Dec. 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 | $ 7.5 |
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% |
Capital Conservation Buffer | 2.50% |
Capital Conservation Buffer Phase In Amount | 0.625% |
Note 21 - Stockholders' Equi112
Note 21 - Stockholders' Equity - Company's Significant Subsidiaries (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | |
Simmons First National Corporation [Member] | ||
Capital | $ 1,388,970 | $ 912,948 |
Capital to Risk Weighted Assets | 11.40% | 15.10% |
Capital Required for Capital Adequacy | $ 974,716 | $ 483,681 |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% |
Tier One Risk Based Capital | $ 1,199,457 | $ 872,707 |
Tier One Risk Based Capital to Risk Weighted Assets | 9.80% | 14.50% |
Tier One Risk Based Capital Required for Capital Adequacy | $ 734,361 | $ 361,120 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% |
Common Equity Tier 1 Capital | $ 1,199,457 | $ 812,310 |
Common Equity Tier 1 Capital to Average Assets | 9.80% | 13.50% |
Common Equity Tier 1 Capital Required for Capital Adequacy | $ 550,771 | $ 270,770 |
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% |
Tier One Leverage Capital | $ 1,199,457 | $ 872,707 |
Tier One Leverage Capital to Average Assets | 9.20% | 11.00% |
Tier One Leverage Capital Required for Capital Adequacy | $ 521,503 | $ 317,348 |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Simmons First National Bank [Member] | ||
Capital | $ 877,728 | $ 830,921 |
Capital to Risk Weighted Assets | 12.10% | 13.80% |
Capital Required for Capital Adequacy | $ 580,316 | $ 481,693 |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% |
Capital Required to be Well Capitalized | $ 725,395 | $ 602,117 |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% |
Tier One Risk Based Capital | $ 835,787 | $ 790,673 |
Tier One Risk Based Capital to Risk Weighted Assets | 11.50% | 13.20% |
Tier One Risk Based Capital Required for Capital Adequacy | $ 436,063 | $ 359,397 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% |
Tier One Risk Based Capital Required to be Well Capitalized | $ 581,417 | $ 479,196 |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% | 8.00% |
Common Equity Tier 1 Capital | $ 835,787 | $ 790,673 |
Common Equity Tier 1 Capital to Average Assets | 11.50% | 13.20% |
Common Equity Tier 1 Capital Required for Capital Adequacy | $ 327,047 | $ 269,548 |
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% |
Common Equity Tier 1 Capital Required to Be Well Capitalized | $ 472,401 | $ 389,347 |
Common Equity Tier 1 Capital Required to Be Well Capitalized to Average Assets | 6.50% | 6.50% |
Tier One Leverage Capital | $ 835,787 | $ 790,673 |
Tier One Leverage Capital to Average Assets | 9.20% | 10.00% |
Tier One Leverage Capital Required for Capital Adequacy | $ 363,386 | $ 316,269 |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Tier One Leverage Capital Required to be Well Capitalized | $ 454,232 | $ 395,337 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | 5.00% |
Bank SNB [Member] | ||
Capital | $ 259,077 | |
Capital to Risk Weighted Assets | 10.90% | |
Capital Required for Capital Adequacy | $ 190,148 | |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | |
Capital Required to be Well Capitalized | $ 237,685 | |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | |
Tier One Risk Based Capital | $ 255,360 | |
Tier One Risk Based Capital to Risk Weighted Assets | 10.70% | |
Tier One Risk Based Capital Required for Capital Adequacy | $ 143,193 | |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | |
Tier One Risk Based Capital Required to be Well Capitalized | $ 190,923 | |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% | |
Common Equity Tier 1 Capital | $ 255,360 | |
Common Equity Tier 1 Capital to Average Assets | 10.70% | |
Common Equity Tier 1 Capital Required for Capital Adequacy | $ 107,394 | |
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | |
Common Equity Tier 1 Capital Required to Be Well Capitalized | $ 155,125 | |
Common Equity Tier 1 Capital Required to Be Well Capitalized to Average Assets | 6.50% | |
Tier One Leverage Capital | $ 255,360 | |
Tier One Leverage Capital to Average Assets | 10.10% | |
Tier One Leverage Capital Required for Capital Adequacy | $ 101,133 | |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | |
Tier One Leverage Capital Required to be Well Capitalized | $ 126,416 | |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | |
Southwest Bank [Member] | ||
Capital | $ 297,164 | |
Capital to Risk Weighted Assets | 11.00% | |
Capital Required for Capital Adequacy | $ 216,119 | |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | |
Capital Required to be Well Capitalized | $ 270,149 | |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | |
Tier One Risk Based Capital | $ 294,874 | |
Tier One Risk Based Capital to Risk Weighted Assets | 10.90% | |
Tier One Risk Based Capital Required for Capital Adequacy | $ 162,316 | |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | |
Tier One Risk Based Capital Required to be Well Capitalized | $ 216,421 | |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% | |
Common Equity Tier 1 Capital | $ 294,874 | |
Common Equity Tier 1 Capital to Average Assets | 10.90% | |
Common Equity Tier 1 Capital Required for Capital Adequacy | $ 121,737 | |
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | |
Common Equity Tier 1 Capital Required to Be Well Capitalized | $ 175,842 | |
Common Equity Tier 1 Capital Required to Be Well Capitalized to Average Assets | 6.50% | |
Tier One Leverage Capital | $ 294,874 | |
Tier One Leverage Capital to Average Assets | 12.20% | |
Tier One Leverage Capital Required for Capital Adequacy | $ 96,680 | |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | |
Tier One Leverage Capital Required to be Well Capitalized | $ 120,850 | |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% |
Note 22 - Condensed Financia113
Note 22 - Condensed Financial Information (Parent Company Only) - Condensed Balance Sheets (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
ASSETS | ||||
Cash and cash equivalents | $ 598,042 | $ 285,659 | ||
Investment securities | 1,957,575 | 1,619,450 | ||
Loans | 10,738,017 | 5,596,604 | ||
Premises and equipment | 287,249 | 199,359 | ||
Other assets | 71,439 | 65,773 | ||
TOTAL ASSETS | 15,055,806 | 8,400,056 | ||
LIABILITIES | ||||
Long-term debt | 218,587 | |||
Total liabilities | 12,971,242 | 7,248,945 | ||
Stockholders’ equity: | ||||
Common stock | 920 | 626 | ||
Surplus | 1,586,034 | 711,663 | ||
Undivided profits | 514,874 | 454,034 | ||
Total stockholders’ equity | 2,084,564 | 1,151,111 | $ 1,076,855 | $ 494,319 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 15,055,806 | 8,400,056 | ||
Parent Company [Member] | ||||
ASSETS | ||||
Cash and cash equivalents | 19,101 | 93,266 | ||
Investment securities | 2,789 | 79 | ||
Investments in wholly-owned subsidiaries | 2,288,687 | 1,141,294 | ||
Loans | 993 | 1,083 | ||
Intangible assets, net | 133 | 133 | ||
Premises and equipment | 10,369 | 11,534 | ||
Other assets | 31,181 | 27,955 | ||
TOTAL ASSETS | 2,353,253 | 1,275,344 | ||
LIABILITIES | ||||
Short-term debt | 75,000 | |||
Long-term debt | 183,947 | 108,326 | ||
Other liabilities | 9,742 | 15,907 | ||
Total liabilities | 268,689 | 124,233 | ||
Stockholders’ equity: | ||||
Common stock | 920 | 626 | ||
Surplus | 1,586,034 | 711,663 | ||
Undivided profits | 514,874 | 454,034 | ||
Unrealized depreciation on available-for-sale securities, net of income taxes of ($6,108) and ($9,818) at December 31, 2017 and 2016 respectively | (17,264) | (15,212) | ||
Total stockholders’ equity | 2,084,564 | 1,151,111 | ||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 2,353,253 | $ 1,275,344 |
Note 22 - Condensed Financia114
Note 22 - Condensed Financial Information (Parent Company Only) - Condensed Balance Sheets (Details) (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Parent Company [Member] | ||
Unrealized depreciation on available-for-sale securities, net of income taxes | $ (6,108) | $ (9,818) |
Note 22 - Condensed Financia115
Note 22 - Condensed Financial Information (Parent Company Only) - Condensed Statements of Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Statement [Abstract] | |||
Provision for income taxes | $ 61,983 | $ 46,624 | $ 32,900 |
NET INCOME | 92,940 | 96,814 | 74,364 |
Preferred stock dividends | 24 | 257 | |
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | 92,940 | 96,790 | 74,107 |
Parent Company [Member] | |||
Income Statement [Abstract] | |||
Dividends from subsidiaries | 69,107 | 83,710 | 84,128 |
Other income | 4,111 | 2,465 | 2,303 |
Income | 73,218 | 86,175 | 86,431 |
EXPENSE | 32,234 | 21,990 | 24,594 |
Income before income taxes and equity in undistributed net income of subsidiaries | 40,984 | 64,185 | 61,837 |
Provision for income taxes | (12,311) | (7,557) | (8,251) |
Income before equity in undistributed net income of subsidiaries | 53,295 | 71,742 | 70,088 |
Equity in undistributed net income of subsidiaries | 39,645 | 25,072 | 4,276 |
NET INCOME | 92,940 | 96,814 | 74,364 |
Preferred stock dividends | 24 | 257 | |
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | $ 92,940 | $ 96,790 | $ 74,107 |
Note 22 - Condensed Financia116
Note 22 - Condensed Financial Information (Parent Company Only) - Condensed Statements of Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Net income | $ 92,940 | $ 96,814 | $ 74,364 |
OTHER COMPREHENSIVE INCOME | |||
Equity in other comprehensive income (loss) income of subsidiaries | 964 | (12,547) | (1,329) |
COMPREHENSIVE INCOME | 93,904 | 84,267 | 73,035 |
Parent Company [Member] | |||
Net income | 92,940 | 96,814 | 74,364 |
OTHER COMPREHENSIVE INCOME | |||
Equity in other comprehensive income (loss) income of subsidiaries | 964 | (12,547) | (1,329) |
COMPREHENSIVE INCOME | $ 93,904 | $ 84,267 | $ 73,035 |
Note 22 - Condensed Financia117
Note 22 - Condensed Financial Information (Parent Company Only) - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
OPERATING ACTIVITIES | |||
Net income | $ 92,940 | $ 96,814 | $ 74,364 |
Items not requiring (providing) cash | |||
Stock-based compensation expense | 10,681 | 3,418 | 4,018 |
Deferred income taxes | 23,251 | 9,832 | 13,599 |
Changes in assets and liabilities: | |||
Other assets | 12,456 | (8,254) | 5,453 |
INVESTING ACTIVITIES | |||
Net originations of loans not covered by FDIC loss share | (698,532) | (368,162) | (301,323) |
Purchases of premises and equipment, net | (34,216) | (18,892) | (14,832) |
Proceeds from maturities of available-for-sale securities | 487,717 | 257,388 | 435,438 |
FINANCING ACTIVITIES | |||
Dividends paid on preferred stock | (24) | (257) | |
Dividends paid on common stock | (35,116) | (28,743) | (27,026) |
Redemption of preferred stock | (30,852) | ||
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | 312,383 | 33,397 | (83,647) |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 285,659 | 252,262 | 335,909 |
CASH AND CASH EQUIVALENTS, END OF YEAR | 598,042 | 285,659 | 252,262 |
Parent Company [Member] | |||
OPERATING ACTIVITIES | |||
Net income | 92,940 | 96,814 | 74,364 |
Items not requiring (providing) cash | |||
Stock-based compensation expense | 10,681 | 3,418 | 4,018 |
Depreciation and amortization | 1,183 | 700 | 317 |
Deferred income taxes | 1,190 | (2,526) | 1,287 |
Equity in undistributed net income of bank subsidiaries | (39,645) | (25,072) | (4,276) |
Changes in assets and liabilities: | |||
Other assets | 8,585 | 2,816 | (15,232) |
Other liabilities | (6,769) | (1,358) | 13,121 |
Net cash provided by operating activities | 68,165 | 74,792 | 73,599 |
INVESTING ACTIVITIES | |||
Net originations of loans not covered by FDIC loss share | 90 | (1,710) | |
Purchases of premises and equipment, net | (18) | (6,896) | 56 |
Additional investment in subsidiary | (15,000) | ||
Proceeds from maturities of available-for-sale securities | 42 | 1,973 | |
Purchases of available-for-sale securities | (2,752) | (3) | (354) |
Cash received (paid) in business combinations | (100,468) | (35,048) | 44,173 |
Net cash (used in) provided by investing activities | (118,106) | (41,684) | 43,875 |
FINANCING ACTIVITIES | |||
Issuance (repayment) of long-term debt, net | 8,014 | (4,544) | 8,126 |
Issuance of common stock, net | 2,878 | 4,938 | 3,529 |
Dividends paid on preferred stock | (24) | (257) | |
Dividends paid on common stock | (35,116) | (28,743) | (27,026) |
Redemption of preferred stock | (30,852) | ||
Net cash used in financing activities | (24,224) | (59,225) | (15,628) |
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (74,165) | (26,117) | 101,846 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 93,266 | 119,383 | 17,537 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ 19,101 | $ 93,266 | $ 119,383 |