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Note 8 - Long-term Borrowings | 9 Months Ended
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Sep. 30, 2016
Notes to Financial Statements |
Debt Disclosure [Text Block] | Note 8. Long-Term Borrowings The following table presents information related to the Company’s long-term borrowings as of September 30, 2016, December 31, 2015 and September 30, 2015.
(dollars in thousands) |  | September 30, 2016 |  |  | December 31, 2015 |  |  | September 30, 2015 |
Subordinated Notes, 5.75% |  | $ | 70,000 |  |  | $ | 70,000 |  |  | $ | 70,000 |
Subordinated Notes, 5.0% |  |  | 150,000 |  |  |  | - |  |  |  | - |
Less: debt issurance costs |  |  | (3,581 | ) |  |  | (1,072 | ) |  |  | (1,103 | )
Long-term borrowings |  | $ | 216,419 |  |  | $ | 68,928 |  |  | $ | 68,897 |
On August 5, 2014, the Company completed the sale of $70.0 million of its 5.75% subordinated notes, due September 1, 2024 (the “Notes”). The Notes were offered to the public at par and qualify as Tier 2 capital for regulatory purposes to the fullest extent permitted under the Basel III Rule capital requirements. The net proceeds were approximately $68.8 million, which includes $1.2 million in deferred financing costs which is being amortized over the life of the Notes. On July 26, 2016, the Company completed the sale of $150.0 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes, due August 1, 2026 (the “Notes”). The Notes were offered to the public at par. The notes qualify as Tier 2 capital for regulatory purposes to the fullest extent permitted under the Basel III Rule capital requirements. The net proceeds were approximately $147.35 million, which includes $2.6 million in deferred financing costs which is being amortized over the life of the Notes.

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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 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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