Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Years Ended December 31,
	2011		2010			2009
Current tax expense (benefit):
Federal	$	1,929	$	(14,926	)	$	(10,298	)
State		419		1,439			(5,420	)
Total		2,348		(13,487	)		(15,718	)
Deferred tax expense (benefit):
Federal		1,605		(8,895	)		(28,808	)
State		555		(6,162	)		(5,650	)
Total		2,160		(15,057	)		(34,458	)
Total income expense (benefit)	$	4,508	$	(28,544	)	$	(50,176	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2011			2010
Deferred tax assets:
Alternative minimum tax (“AMT”) and other credit carryforwards	$	12,798		$	8,185
Federal net operating loss (“NOL”) carryforwards		16,962			7,299
Allowance for credit losses		42,687			50,775
Unrealized losses		22,940			24,610
OREO		5,376			8,490
State NOL carryforwards		11,456			11,776
Other state tax benefits		8,150			8,221
Other		10,783			10,191
Total deferred tax assets		131,152			129,547
Deferred tax liabilities:
Purchase accounting adjustments and intangibles		(10,278	)		(12,569	)
Deferred loan fees		(3,215	)		(3,441	)
Accrued retirement benefits		(6,681	)		(2,354	)
Depreciation		(2,843	)		(2,063	)
Cancellation of indebtedness income		(5,340	)		(5,340	)
Other		(9,365	)		(8,160	)
Total deferred tax liabilities		(37,722	)		(33,927	)
Deferred tax valuation allowance		-			(30	)
Net deferred tax assets		93,430			95,590
Tax effect of adjustments related to other comprehensive income (loss)		9,194			17,763
Net deferred tax assets including adjustments	$	102,624		$	113,353
Net operating loss carryforwards available to offset future taxable income:
Federal gross NOL carryforwards, begin to expire in 2030	$	48,463		$	20,856
Illinois gross NOL carryforwards, begin to expire in 2018	$	220,101		$	225,027
Indiana gross NOL carryforwards, begin to expire in 2021	$	23,872		$	19,872
Wisconsin gross NOL carryforwards, begin to expire in 2025	$	229		$	-
Other credits (1)	$	12,798		$	8,185

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years Ended December 31,
	2011			2010			2009
Statutory federal income tax rate		35.0	%		35.0	%		35.0	%
Tax-exempt income, net of interest expense disallowance		(21.3	%)		27.0	%		16.5	%
State income tax, net of federal income tax effect		(0.3	%)		9.5	%		12.1	%
Other, net		(2.4	%)		3.2	%		2.5	%
Effective tax rate		11.0	%		74.7	%		66.1	%

Summary of Income Tax Contingencies [Table Text Block]

	Years Ended December 31,
	2011			2010			2009
Balance at beginning of year	$	429		$	314		$	5,751
Additions for tax positions relating to the current year		-			2			9
Additions for tax positions relating to prior years		226			263			-
Reductions for tax positions relating to prior years		(80	)		(72	)		(5,446	)
Reductions for settlements with taxing authorities		(207	)		-			-
Lapse in statute of limitations		-			(78	)		-
Balance at end of year	$	368		$	429		$	314
Interest and penalties not included above (1):
Interest expense (benefit), net of tax effect, and penalties	$	44		$	(21	)	$	(556	)
Accrued interest and penalties, net of tax effect, at end of year	$	52		$	8		$	29