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Note 11 - Other Borrowings and Subordinated Debentures | 9 Months Ended
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Sep. 30, 2017
Notes to Financial Statements |
Debt Disclosure [Text Block] | NOTE 11: OTHER BORROWINGS AND SUBORDINATED DEBENTURES Debt at September 30, 2017 and December 31, 2016 consisted of the following components:
(In thousands) |  | September 30, 2017 |  | December 31, 2016
Other Borrowings |  |  |  |  |  |  |  |
FHLB advances, net of discount, due 2017 to 2033, 1.15% to 7.37% secured by residential real estate loans |  | $ | 477,982 |  |  | $ | 225,230 |
Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured |  |  | 44,559 |  |  |  | 47,929 |
Total other borrowings |  |  | 522,541 |  |  |  | 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 |  |  | 9,301 |  |  |  | 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 |  |  | 10,246 |  |  |  | 10,130 |
Trust preferred securities, net of discount, due 12/3/2033, floating rate of 2.88% above the three month LIBOR rate, reset quarterly, callable without penalty |  |  | 5,157 |  |  |  | 5,161 |
Trust preferred securities, net of discount, due 12/13/2034, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty |  |  | 5,137 |  |  |  | 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 |  |  | 10,255 |  |  |  | 10,156 |
Trust preferred securities, net of discount, due 12/15/2035, floating rate of 1.45% above the three month LIBOR rate, reset quarterly, callable without penalty |  |  | 6,702 |  |  |  | -- |
Total subordinated debentures |  |  | 67,418 |  |  |  | 60,397 |
Total other borrowings and subordinated debentures |  | $ | 589,959 |  |  | $ | 333,556 |
The Company had $442.0 million of Federal Home Loan Bank (“FHLB”) advances with original maturities of one year or less at September 30, 2017 and $180.0 million at December 31, 2016. The Company had total FHLB advances of $478.0 million at September 30, 2017, with approximately $1.075 billion of additional advances available from the FHLB. The FHLB advances are secured by mortgage loans and investment securities totaling approximately $2.014 billion at September 30, 2017. The trust preferred securities are tax-advantaged issues that qualify for Tier 1 capital treatment. Distributions on these securities are included in interest expense on long-term debt. Each of the trusts is a statutory business trust organized for the sole purpose of issuing trust securities and investing the proceeds thereof in junior subordinated debentures of the Company, the sole asset of each trust. The preferred securities of each trust represent preferred beneficial interests in the assets of the respective trusts and are subject to mandatory redemption upon payment of the junior subordinated debentures held by the trust. The common securities of each trust are wholly-owned by the Company. Each trust’s ability to pay amounts due on the trust preferred securities is solely dependent upon the Company making payment on the related junior subordinated debentures. The Company’s obligations under the junior subordinated securities and other relevant trust agreements, in aggregate, constitute a full and unconditional guarantee by the Company of each respective trust’s obligations under the trust securities issued by each respective trust. Aggregate annual maturities of long-term debt at September 30, 2017, are:
Year |  | (In thousands)
2017 |  | $ | 1,851 |
2018 |  |  | 23,863 |
2019 |  |  | 7,586 |
2020 |  |  | 36,343 |
2021 |  |  | 2,251 |
Thereafter |  |  | 76,065 |
Total |  | $ | 147,959 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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