XML 107 R49.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Parent Company Condensed Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Parent Company Condensed Financial Information |
Schedule of condensed balance sheets |
|  | 2014 |  | 2013 |
Assets |  |  |  |  |  |  |
Noninterest bearing deposit with bank subsidiary |  | $ | 7,059 |  | $ | 2,071 |
Investment in subsidiaries |  |  | 272,285 |  |  | 258,588 |
Other assets |  |  | 19,940 |  |  | 18,766 |
|  | $ | 299,284 |  | $ | 279,425 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 58,378 |  | $ | 58,378 |
Subordinated debt |  |  | 45,000 |  |  | 45,000 |
Other liabilities |  |  | 1,743 |  |  | 28,355 |
Stockholders’ equity |  |  | 194,163 |  |  | 147,692 |
|  | $ | 299,284 |  | $ | 279,425 |
Schedule of condensed statements of operations |
|  | 2014 |  | 2013 |  | 2012
Operating Income |  |  |  |  |  |  |  |  |
Cash dividends received from subsidiaries |  | $ | - |  | $ | - |  | $ | -
Interest income |  |  | - |  |  | - |  |  | -
Other income |  |  | 231 |  |  | 772 |  |  | 189
|  |  | 231 |  |  | 772 |  |  | 189
Operating Expenses |  |  |  |  |  |  |  |  |
Junior subordinated debentures interest expense |  |  | 4,919 |  |  | 5,298 |  |  | 4,925
Subordinated debt interest expense |  |  | 792 |  |  | 811 |  |  | 903
Other interest expense |  |  | 16 |  |  | 16 |  |  | 17
Other expenses |  |  | 1,045 |  |  | 1,006 |  |  | 971
|  |  | 6,772 |  |  | 7,131 |  |  | 6,816
Loss before income taxes and equity in undistributed net income of subsidiaries |  |  | (6,541) |  |  | (6,359) |  |  | (6,627)
Income tax benefit |  |  | (2,305) |  |  | (17,133) |  |  | -
(Loss) income before equity in undistributed net income of subsidiaries |  |  | (4,236) |  |  | 10,774 |  |  | (6,627)
Equity in undistributed net income of subsidiaries |  |  | 14,372 |  |  | 71,311 |  |  | 6,555
Net income (loss) |  |  | 10,136 |  |  | 82,085 |  |  | (72)
Preferred stock dividends and accretion of discount |  |  | 5,062 |  |  | 5,258 |  |  | 4,987
Dividends waived upon preferred stock redemption |  |  | (5,433) |  |  | - |  |  | -
Gain on redemption of preferred stock |  |  | (1,348) |  |  | - |  |  | -
Net income (loss) available to common stockholders |  | $ | 11,855 |  | $ | 76,827 |  | $ | (5,059)
Schedule of condensed statements of cash Flows |
|  | 2014 |  | 2013 |  | 2012
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net Income (loss) |  | $ | 10,136 |  | $ | 82,085 |  | $ | (72)
Adjustments to reconcile net income (loss) to net cash from operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (14,372) |  |  | (71,311) |  |  | (6,555)
Deferred income taxes |  |  | (2,256) |  |  | (16,786) |  |  | -
Change in taxes payable |  |  | 22 |  |  | 14 |  |  | 2,445
Change in other assets |  |  | 740 |  |  | (264) |  |  | (100)
Gain on recapture of restricted stock |  |  | - |  |  | (612) |  |  | -
Stock-based compensation |  |  | 295 |  |  | 167 |  |  | 291
Other, net |  |  | (17,151) |  |  | 5,502 |  |  | 3,293
Net cash used in operating activities |  |  | (22,586) |  |  | (1,205) |  |  | (698)
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |
Net cash provided by investing activities |  |  | - |  |  | - |  |  | -
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |
Divided paid |  |  | (12,390) |  |  | - |  |  |
Purchases of treasury stock |  |  | (46) |  |  | (278) |  |  | (63)
Proceeds from the issuance of common stock |  |  | 64,331 |  |  | - |  |  | -
Redemption of preferred stock |  |  | (24,321) |  |  | - |  |  | -
Net cash used in financing activities |  |  | 27,574 |  |  | (278) |  |  | (63)
Net change in cash and cash equivalents |  |  | 4,988 |  |  | (1,483) |  |  | (761)
Cash and cash equivalents at beginning of year |  |  | 2,071 |  |  | 3,554 |  |  | 4,315
Cash and cash equivalents at end of year |  | $ | 7,059 |  | $ | 2,071 |  | $ | 3,554

X
- Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration