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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2013
Condensed Balance Sheets | The following table presents condensed financial information for the parent company as of the dates and in the periods indicated:
|  | CONDENSED BALANCE SHEETS |
|  | December 31, |
(Amounts in thousands) |  | 2013 |  |  | 2012 |
Assets |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 10,872 |  |  | $ | 12,476 |
Securities available for sale |  |  | 13,335 |  |  |  | 11,053 |
Investment in subsidiary |  |  | 310,748 |  |  |  | 343,911 |
Other assets |  |  | 9,697 |  |  |  | 4,541 |
Total assets |  | $ | 344,652 |  |  | $ | 371,981 |
Liabilities |  |  |  |  |  |  |  |
Other borrowings |  | $ | 582 |  |  | $ | 194 |
Subordinated debt |  |  | 15,464 |  |  |  | 15,464 |
Total liabilities |  |  | 16,046 |  |  |  | 15,658 |
Stockholders’ Equity |  |  |  |  |  |  |  |
Preferred stock |  |  | 15,251 |  |  |  | 17,421 |
Common stock |  |  | 20,493 |  |  |  | 20,343 |
Additional paid-in capital |  |  | 215,663 |  |  |  | 213,829 |
Retained earnings |  |  | 124,535 |  |  |  | 111,627 |
Treasury stock |  |  | (33,887 | ) |  |  | (6,458 | )
Accumulated other comprehensive loss |  |  | (13,449 | ) |  |  | (439 | )
Total stockholders’ equity |  |  | 328,606 |  |  |  | 356,323 |
Total liabilities and stockholders’ equity |  | $ | 344,652 |  |  | $ | 371,981 |
Condensed Statements of Income |
|  | CONDENSED STATEMENTS OF INCOME |
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 |
Cash dividends received from subsidiary bank |  | $ | 43,900 |  |  | $ | 8,105 |  |  | $ | — |
Other income |  |  | 726 |  |  |  | 445 |  |  |  | 2,227 |
Operating expense |  |  | (1,647 | ) |  |  | (1,318 | ) |  |  | (1,796 | )
Income tax expense |  |  | 368 |  |  |  | (55 | ) |  |  | (150 | )
Equity in undistributed earnings of subsidiary |  |  | (20,035 | ) |  |  | 21,400 |  |  |  | 19,747 |
Net income |  |  | 23,312 |  |  |  | 28,577 |  |  |  | 20,028 |
Dividends on preferred stock |  |  | 1,024 |  |  |  | 1,058 |  |  |  | 703 |
Net income available to common shareholders |  | $ | 22,288 |  |  | $ | 27,519 |  |  | $ | 19,325 |
Condensed Statements of Cash Flows |
|  | CONDENSED STATEMENTS OF CASH FLOWS |
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 23,312 |  |  | $ | 28,577 |  |  | $ | 20,028 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiary |  |  | 20,035 |  |  |  | (21,400 | ) |  |  | (19,747 | )
Gain on sale of securities |  |  | (193 | ) |  |  | (49 | ) |  |  | (139 | )
(Increase) decrease in other assets |  |  | (5,293 | ) |  |  | 123 |  |  |  | (1,529 | )
Increase (decrease) in other liabilities |  |  | 333 |  |  |  | 588 |  |  |  | (5,748 | )
(Increase) decrease in other operating activities |  |  | (106 | ) |  |  | (58 | ) |  |  | 776 |
Net cash provided by (used in) operating activities |  |  | 38,088 |  |  |  | 7,781 |  |  |  | (6,359 | )
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales of securities available-for-sale |  |  | 3,380 |  |  |  | 2,151 |  |  |  | 2,636 |
Payments to acquire securities available-for-sale |  |  | (5,000 | ) |  |  | (5,137 | ) |  |  | (6 | )
Investment in subsidiary |  |  | — |  |  |  | — |  |  |  | (570 | )
Net cash (used in) provided by investing activities |  |  | (1,620 | ) |  |  | (2,986 | ) |  |  | 2,060 |
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of preferred stock |  |  | — |  |  |  | — |  |  |  | 18,802 |
Proceeds from stock options exercised |  |  | 789 |  |  |  | 144 |  |  |  | 32 |
Payments for repurchase of treasury stock |  |  | (28,421 | ) |  |  | (1,012 | ) |  |  | (904 | )
Payments for repurchase of warrants |  |  | — |  |  |  | — |  |  |  | (30 | )
Payments of common dividends |  |  | (9,476 | ) |  |  | (8,162 | ) |  |  | (7,155 | )
Payments of preferred dividends |  |  | (992 | ) |  |  | (1,120 | ) |  |  | (558 | )
Proceeds from other financing activities |  |  | 28 |  |  |  | 137 |  |  |  | 100 |
Net cash (used in) provided by financing activities |  |  | (38,072 | ) |  |  | (10,013 | ) |  |  | 10,287 |
Net (decrease) increase in cash and cash equivalents |  |  | (1,604 | ) |  |  | (5,218 | ) |  |  | 5,988 |
Cash and cash equivalents at beginning of year |  |  | 12,476 |  |  |  | 17,694 |  |  |  | 11,706 |
Cash and cash equivalents at end of year |  | $ | 10,872 |  |  | $ | 12,476 |  |  | $ | 17,694 |

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