Note 8 - Income Taxes (Tables)

9 Months Ended

Sep. 30, 2012

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

(In thousands)	September 30, 2012		September 30, 2011
Income taxes currently payable	$	8,389	$	10,357
Deferred income taxes		86		(2,490	)
Provision for income taxes	$	8,475	$	7,867

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

	September 30,			December 31,
(In thousands)	2012			2011
Deferred tax assets
Loans acquired	$	15,191		$	7,150
FDIC true-up liability		1,675			1,341
Allowance for loan losses		10,801			11,457
Valuation of foreclosed assets		792			393
Deferred compensation payable		1,621			1,591
FHLB advances		443			547
Vacation compensation		1,049			1,052
Accumulated depreciation		166			--
Loan interest		767			767
Other		565			522
Total deferred tax assets		33,070			24,820
Deferred tax liabilities
Accumulated depreciation		--			(189	)
Deferred loan fee income and expenses, net		(2,214	)		(1,742	)
FHLB stock dividends		(410	)		(430	)
Goodwill and core deposit premium amortization		(10,824	)		(9,725	)
FDIC indemnification asset		(23,357	)		(18,703	)
Available-for-sale securities		(376	)		(283	)
Other		(2,889	)		(569	)
Total deferred tax liabilities		(40,070	)		(31,641	)
Net deferred tax liabilities included in other liabilities on balance sheets	$	(7,000	)	$	(6,821	)

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

(In thousands)	September 30, 2012			September 30, 2011
Computed at the statutory rate (35%)	$	9,844		$	9,427
Increase (decrease) in taxes resulting from:
State income taxes, net of federal tax benefit		773			665
Tax exempt interest income		(1,980	)		(2,093	)
Tax exempt earnings on BOLI		(377	)		(377	)
Other differences, net		215			245
Actual tax provision	$	8,475		$	7,867