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Note 22 - Parent Company Financial Information

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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

Note 22 - Parent Company Financial Information

Condensed financial information for Eagle Bancorp, Inc. (Parent Company only) is as follows:

Condensed Balance Sheets

(dollars in thousands)	December 31, 2013			December 31, 2012

Assets
Cash	$	17,140		$	16,877
Cash equivalents		8,693			8,641
Investment securities available for sale, at fair value		265			212
Investment in subsidiaries		376,416			332,477
Other assets		1,000			1,353
Total Assets	$	403,514		$	359,560


Liabilities
Other liabilities	$	351		$	284
Long-term borrowings		9,300			9,300
Total liabilities		9,651			9,584


Shareholders' Equity
Preferred stock, Series B		56,600			56,600
Common stock		253			226
Warrant		946			946
Additional paid in capital		242,990			180,593
Retained earnings		96,393			106,146
Accumulated other comprehensive (loss) income		(3,319	)		5,465
Total shareholders’ equity		393,863			349,976
Total Liabilities and Shareholders' Equity	$	403,514		$	359,560

Condensed Statements of Operations

	Year Ended December 31,
(dollars in thousands)	2013			2012			2011

Income
Other interest and dividends	$	117		$	78		$	5,056
Gain on sale of investment securities		-			-			-
Total Income		117			78			5,056

Expenses
Interest expense		897			946			943
Legal and professional		142			192			214
Directors’ fees		187			237			178
Other		946			816			781
Total Expenses		2,172			2,191			2,116

(Loss) Income Before Income Tax (Benefit) and Equity in Undistributed Income of Subsidiaries		(2,055	)		(2,113	)		2,940

Income Tax Benefit		(810	)		(838	)		(813	)

(Loss) Income Before Equity in Undistributed Income of Subsidiaries		(1,245	)		(1,275	)		3,753

Equity in Undistributed Income of Subsidiaries		48,252			36,564			20,805

Net Income		47,007			35,289			24,558
Preferred Stock Dividends and Discount Accretion		566			566			1,511

Net Income Available to Common Shareholders	$	46,441		$	34,723		$	23,047

Condensed Statements of Cash Flows

	Year Ended December 31,
(dollars in thousands)	2013			2012			2011

Cash Flows From Operating Activities
Net Income	$	47,007		$	35,289		$	24,558
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Equity in undistributed income of subsidiary		(48,252	)		(36,564	)		(20,805	)
Excess tax benefit on stock-based compensation		(410	)		(369	)		(143	)
Decrease (increase) in other assets		353			(34	)		784
Increase (decrease) in other liabilities		67			(50	)		203
Net cash (used in) provided by operating activities		(1,235	)		(1,728	)		4,597

Cash Flows From Investing Activities
Investment in subsidiary (net)		(810	)		(34,143	)		(31,964	)
Net cash (used in) investing activities		(810	)		(34,143	)		(31,964	)

Cash Flows From Financing Activities
Issuance of Series B Preferred Stock		-			-			56,600
Redemption of Series A Preferred Stock		-			-			(23,235	)
Cash paid in lieu of fractional shares		(11	)		-			-
Issuance of common stock		-			42,956			-
Proceeds from exercise of stock options		1,984			1,685			944
Preferred stock dividends		(566	)		(566	)		(1,033	)
Excess tax benefit on stock-based compensation		410			369			143
Proceeds from employee stock purchase plan		543			447			124
Net cash provided by financing activities		2,360			44,891			33,543

Net Increase in Cash		315			9,020			6,176
Cash and Cash Equivalents at Beginning of Year		25,518			16,498			10,322
Cash and Cash Equivalents at End of Year	$	25,833		$	25,518		$	16,498

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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