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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 OKSB				Fair Value Adjustments				Fair Value
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 First Texas				Fair Value Adjustments				Fair Value
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 Hardeman				Fair Value Adjustments				Fair Value
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 Citizens				Fair Value Adjustments				Fair Value
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 Liberty				Fair Value Adjustments				Fair Value
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 Community First				Fair Value Adjustments				Fair Value
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 Ozark Trust				Fair Value Adjustments				Fair Value
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

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472

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- References

No definition available.

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