Note 8 - Income Taxes (Tables)

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

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

(In thousands)	September 30, 2013			September 30,  2012
Income taxes currently payable	$	10,781		$	8,389
Deferred income taxes		(2,274	)		86
Provision for income taxes	$	8,507		$	8,475

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

(In thousands)	September 30, 2013			December 31, 2012
Deferred tax assets
Loans acquired	$	18,632		$	24,186
FDIC true-up liability		2,207			1,775
Allowance for loan losses		10,713			10,736
Valuation of foreclosed assets		222			669
Deferred compensation payable		1,755			1,676
FHLB advances		313			409
Vacation compensation		1,117			1,058
Accumulated depreciation		738			280
Loan interest		767			767
Available-for-sale securities		1,678			-
Other		594			569
Total deferred tax assets		38,736			42,125
Deferred tax liabilities
Deferred loan fee income and expenses, net		(3,291	)		(2,373	)
FHLB stock dividends		(300	)		(296	)
Goodwill and core deposit premium amortization		(12,289	)		(11,190	)
FDIC indemnification asset		(24,048	)		(31,846	)
Available-for-sale securities		-			(166	)
Other		(1,879	)		(3,443	)
Total deferred tax liabilities		(41,807	)		(49,314	)
Net deferred tax liabilities included in other liabilities on balance sheets	$	(3,071	)	$	(7,189	)

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

(In thousands)	September 30, 2013			September 30,  2012
Computed at the statutory rate (35%)	$	9,783		$	9,844
Increase (decrease) in taxes resulting from:
State income taxes, net of federal tax benefit		777			773
Tax exempt interest income		(1,932	)		(1,980	)
Tax exempt earnings on BOLI		(341	)		(377	)
Other differences, net		220			215
Actual tax provision	$	8,507		$	8,475