XML 60 R32.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Note 24 - Parent Company Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Note 24 – 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, 2014 |  |  | December 31, 2013 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 42,810 |  |  | $ | 17,140 |
Cash equivalents |  |  | 8,739 |  |  |  | 8,693 |
Investment securities available for sale, at fair value |  |  | 300 |  |  |  | 265 |
Investment in subsidiaries |  |  | 647,633 |  |  |  | 376,416 |
Other assets |  |  | 2,731 |  |  |  | 1,000 |
Total Assets |  | $ | 702,213 |  |  | $ | 403,514 |
Liabilities |  |  |  |  |  |  |  |
Other liabilities |  | $ | 2,154 |  |  | $ | 351 |
Long-term borrowings |  |  | 79,300 |  |  |  | 9,300 |
Total liabilities |  |  | 81,454 |  |  |  | 9,651 |
Shareholders' Equity |  |  |  |  |  |  |  |
Preferred stock, Series B |  |  | 71,900 |  |  |  | 56,600 |
Common stock |  |  | 296 |  |  |  | 253 |
Warrant |  |  | 946 |  |  |  | 946 |
Additional paid in capital |  |  | 394,933 |  |  |  | 242,990 |
Retained earnings |  |  | 150,037 |  |  |  | 96,393 |
Accumulated other comprehensive income (loss) |  |  | 2,647 |  |  |  | (3,319 | )
Total shareholders’ equity |  |  | 620,759 |  |  |  | 393,863 |
Total Liabilities and Shareholders' Equity |  | $ | 702,213 |  |  | $ | 403,514 |
Condensed Statements of Operations
|  | Years Ended December 31, |
(dollars in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Other interest and dividends |  | $ | 171 |  |  | $ | 117 |  |  | $ | 78 |
Gain on sale of investment securities |  |  | - |  |  |  | - |  |  |  | - |
Total Income |  |  | 171 |  |  |  | 117 |  |  |  | 78 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 2,497 |  |  |  | 897 |  |  |  | 946 |
Legal and professional |  |  | 108 |  |  |  | 142 |  |  |  | 192 |
Directors’ fees |  |  | 257 |  |  |  | 187 |  |  |  | 237 |
Other |  |  | 1,086 |  |  |  | 946 |  |  |  | 816 |
Total Expenses |  |  | 3,948 |  |  |  | 2,172 |  |  |  | 2,191 |
Loss Before Income Tax (Benefit) and Equity in Undistributed Income of Subsidiaries |  |  | (3,777 | ) |  |  | (2,055 | ) |  |  | (2,113 | )
Income Tax Benefit |  |  | (1,490 | ) |  |  | (810 | ) |  |  | (838 | )
Loss Before Equity in Undistributed Income of Subsidiaries |  |  | (2,287 | ) |  |  | (1,245 | ) |  |  | (1,275 | )
Equity in Undistributed Income of Subsidiaries |  |  | 56,545 |  |  |  | 48,252 |  |  |  | 36,564 |
Net Income |  |  | 54,258 |  |  |  | 47,007 |  |  |  | 35,289 |
Preferred Stock Dividends and Discount Accretion |  |  | 614 |  |  |  | 566 |  |  |  | 566 |
Net Income Available to Common Shareholders |  | $ | 53,644 |  |  | $ | 46,441 |  |  | $ | 34,723 |
Condensed Statements of Cash Flows
|  | Years Ended December 31, |
(dollars in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Cash Flows From Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 54,258 |  |  | $ | 47,007 |  |  | $ | 35,289 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiary |  |  | (56,545 | ) |  |  | (48,252 | ) |  |  | (36,564 | )
Excess tax benefit on stock-based compensation |  |  | (978 | ) |  |  | (410 | ) |  |  | (369 | )
(Increase) decrease in other assets |  |  | (1,731 | ) |  |  | 353 |  |  |  | (34 | )
Increase (decrease) in other liabilities |  |  | 1,803 |  |  |  | 67 |  |  |  | (50 | )
Net cash (used in) operating activities |  |  | (3,193 | ) |  |  | (1,235 | ) |  |  | (1,728 | )
Cash Flows From Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiary (net) |  |  | (203,782 | ) |  |  | (810 | ) |  |  | (34,143 | )
Net cash used in investing activities |  |  | (203,782 | ) |  |  | (810 | ) |  |  | (34,143 | )
Cash Flows From Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 144,093 |  |  |  |  |  |  |  |  |
Issuance of Series C Preferred Stock |  |  | 15,300 |  |  |  | - |  |  |  | - |
Issuance in long-term borrowings |  |  | 70,000 |  |  |  | - |  |  |  | - |
Cash paid in lieu of fractional shares |  |  | - |  |  |  | (11 | ) |  |  | - |
Issuance of common stock |  |  | - |  |  |  | - |  |  |  | 42,956 |
Proceeds from exercise of stock options |  |  | 2,313 |  |  |  | 1,984 |  |  |  | 1,685 |
Preferred stock dividends |  |  | (614 | ) |  |  | (566 | ) |  |  | (566 | )
Excess tax benefit on stock-based compensation |  |  | 978 |  |  |  | 410 |  |  |  | 369 |
Proceeds from employee stock purchase plan |  |  | 621 |  |  |  | 543 |  |  |  | 447 |
Net cash provided by financing activities |  |  | 232,691 |  |  |  | 2,360 |  |  |  | 44,891 |
Net Increase in Cash |  |  | 25,716 |  |  |  | 315 |  |  |  | 9,020 |
Cash and Cash Equivalents at Beginning of Year |  |  | 25,833 |  |  |  | 25,518 |  |  |  | 16,498 |
Cash and Cash Equivalents at End of Year |  | $ | 51,549 |  |  | $ | 25,833 |  |  | $ | 25,518 |

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

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration