Note 8 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2013

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

(In thousands)	March 31, 2013			March 31,  2012
Income taxes currently payable	$	3,896		$	1,529
Deferred income taxes		(1,276	)		1,149
Provision for income taxes	$	2,620		$	2,678

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

	March 31,			December 31,
(In thousands)	2013			2012
Deferred tax assets
Loans acquired	$	21,433		$	24,186
FDIC true-up liability		1,931			1,775
Allowance for loan losses		10,580			10,736
Valuation of foreclosed assets		251			669
Deferred compensation payable		1,690			1,676
FHLB advances		377			409
Vacation compensation		1,079			1,058
Accumulated depreciation		437			280
Loan interest		767			767
Other		583			569
Total deferred tax assets		39,128			42,125
Deferred tax liabilities
Deferred loan fee income and expenses, net		(2,681	)		(2,373	)
FHLB stock dividends		(296	)		(296	)
Goodwill and core deposit premium amortization		(11,556	)		(11,190	)
FDIC indemnification asset		(27,850	)		(31,846	)
Available-for-sale securities		(29	)		(166	)
Other		(2,492	)		(3,443	)
Total deferred tax liabilities		(44,904	)		(49,314	)
Net deferred tax liabilities included in other liabilities on balance sheets	$	(5,776	)	$	(7,189	)

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

(In thousands)	March 31, 2013			March 31,  2012
Computed at the statutory rate (35%)	$	3,005		$	3,161
Increase (decrease) in taxes resulting from:
State income taxes, net of federal tax benefit		239			238
Tax exempt interest income		(594	)		(670	)
Tax exempt earnings on BOLI		(97	)		(124	)
Other differences, net		67			73
Actual tax provision	$	2,620		$	2,678