Note 22 - Condensed Financial Information (Parent Company Only)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 21: CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS

DECEMBER 31, 2015 and 2014

(In thousands)	2015			2014
ASSETS
Cash and cash equivalents	$	119,383		$	17,537
Investment securities		2,049			1,660
Investments in wholly-owned subsidiaries		1,051,842			522,841
Intangible assets, net		133			133
Premises and equipment		5,338			5,711
Other assets		28,245			14,301
TOTAL ASSETS	$	1,206,990		$	562,183
LIABILITIES
Long-term debt	$	112,870		$	63,720
Other liabilities		17,265			4,144
Total liabilities		130,135			67,864
STOCKHOLDERS’ EQUITY
Preferred stock		30,852			--
Common stock		303			181
Surplus		662,378			156,568
Undivided profits		385,987			338,906
Accumulated other comprehensive loss
Unrealized depreciation on available-for-sale securities, net of income taxes of ($1,720) and ($862) at December 31, 2015 and 2014 respectively		(2,665	)		(1,336	)
Total stockholders’ equity		1,076,855			494,319
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,206,990		$	562,183

CONDENSED STATEMENTS OF INCOME

YEARS ENDED DECEMBER 31, 2015, 2014 and 2013

(In thousands)	2015			2014			2013
INCOME
Dividends from subsidiaries	$	84,128		$	43,366		$	23,051
Other income		2,303			6,927			8,409
Income		86,431			50,293			31,460
EXPENSE		24,594			23,024			17,839
Income before income taxes and equity in undistributed net income of subsidiaries		61,837			27,269			13,621
Provision for income taxes		(8,251	)		(6,330	)		(3,510	)
Income before equity in undistributed net income of subsidiaries		70,088			33,599			17,131
Equity in undistributed net income of subsidiaries		4,276			2,089			6,100
NET INCOME		74,364			35,688			23,231
Preferred stock dividends		257			--			--
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$	74,107		$	35,688		$	23,231

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2015, 2014 and 2013

(In thousands)	2015			2014		2013
NET INCOME	$	74,364		$	35,688	$	23,231
OTHER COMPREHENSIVE INCOME
Equity in other comprehensive (loss) income of subsidiaries		(1,329	)		1,666		(3,259	)
COMPREHENSIVE INCOME	$	73,035		$	37,354	$	19,972

CONDENSED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2015, 2014 and 2013

(In thousands)	2015			2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	74,364		$	35,688		$	23,231
Items not requiring (providing) cash
Stock-based compensation expense		4,018			1,423			1,417
Depreciation and amortization		317			139			145
Deferred income taxes		1,287			1,338			81
Equity in undistributed net income of bank subsidiaries		(4,276	)		(2,089	)		(6,100	)
Changes in
Other assets		(15,232	)		(1,296	)		19,978
Other liabilities		13,121			(1,103	)		1,891
Net cash provided by operating activities		73,599			34,100			40,643
CASH FLOWS FROM INVESTING ACTIVITIES
Net purchases of premises and equipment		56			(5,435	)		(174	)
Additional investment in subsidiary		--			288			(27,400	)
Purchases of available-for-sale securities		(354	)		1,504			(1	)
Cash received (paid) in business combinations		44,173			(1,640	)		(53,600	)
Net cash provided by (used in) investing activities		43,875			(5,283	)		(81,175	)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance (repayment) of long-term debt		8,126			(2,900	)		46,000
Issuance of common stock, net		3,529			2,023			936
Payment to repurchase common stock		--			--			(10,848	)
Dividends paid on preferred stock		(257	)		--			--
Dividends paid on common stock		(27,026	)		(15,359	)		(13,707	)
Net cash used in financing activities		(15,628	)		(16,236	)		22,381
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		101,846			12,581			(18,151	)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		17,537			4,956			23,107
CASH AND CASH EQUIVALENTS, END OF YEAR	$	119,383		$	17,537		$	4,956