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Note 26 - Parent Company Financial Information

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 26 – Parent Company Financial Information

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

(dollars in thousands)		December 31, 2015				December 31, 2014

Assets
Cash		$	65,692			$	42,810
Cash equivalents			-				8,739
Investment securities available-for-sale, at fair value			216				300
Investment in subsidiaries			740,804				647,633
Other assets			3,516				2,731
Total Assets		$	810,228			$	702,213


Liabilities
Other liabilities		$	1,627			$	2,154
Long-term borrowings			70,000				79,300
Total liabilities		$	71,627			$	81,454


Shareholders' Equity
Preferred stock, Series B		$	-			$	56,600
Preferred stock, Series C			-				15,300
Common stock			331				296
Warrant			946				946
Additional paid in capital			503,529				394,933
Retained earnings			233,604				150,037
Accumulated other comprehensive income			191				2,647
Total Shareholders’ Equity			738,601				620,759
Total Liabilities and Shareholders' Equity		$	810,228			$	702,213

		Years Ended December 31,
(dollars in thousands)		2015				2014				2013

Income
Other interest and dividends		$	369			$	171			$	117
Total Income			369				171				117

Expenses
Interest expense			4,490				2,497				897
Legal and professional			101				108				142
Directors’ compensation			224				257				187
Other			1,152				1,086				946
Total Expenses			5,967				3,948				2,172

Loss Before Income Tax (Benefit) and Equity in Undistributed Income of Subsidiaries			(5,598	)			(3,777	)			(2,055	)

Income Tax Benefit			(2,208	)			(1,490	)			(810	)

Loss Before Equity in Undistributed Income of Subsidiaries			(3,390	)			(2,287	)			(1,245	)

Equity in Undistributed Income of Subsidiaries			87,557				56,545				48,252

Net Income			84,167				54,258				47,007
Preferred Stock Dividends			601				614				566

Net Income Available to Common Shareholders		$	83,566			$	53,644			$	46,441

		Years Ended December 31,
(dollars in thousands)		2015				2014				2013

Cash Flows From Operating Activities
Net Income		$	84,167			$	54,258			$	47,007
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Equity in undistributed income of subsidiary			(87,557	)			(56,545	)			(48,252	)
Excess tax benefit on stock-based compensation			(2,984	)			(978	)			(410	)
Proceeds from sale of available for sale securities			84				-				-
(Increase) decrease in other assets			(785	)			(1,731	)			353
(Decrease) increase in other liabilities			(121	)			1,803				67
Net cash (used in) operating activities			(7,196	)			(3,193	)			(1,235	)

Cash Flows From Investing Activities
Investment in subsidiary (net)			(419	)			(203,782	)			(810	)
Net cash used in investing activities			(419	)			(203,782	)			(810	)

Cash Flows From Financing Activities
Issuance of common stock			94,633				144,093				-
Issuance of Series C Preferred Stock			-				15,300				-
Increase in long-term borrowings			-				70,000				-
Redemption of Series B Preferred Stock			(56,600	)			-				-
Redemption of Series C Preferred Stock			(15,300	)			-				-
Decrease in long-term borrowings			(9,300	)			-				-
Proceeds from exercise of stock options			5,176				2,313				1,984
Preferred stock dividends			(600	)			(614	)			(566	)
Excess tax benefit on stock-based compensation			2,984				978				410
Payment in lieu of fractional shares			(4	)			-				(11	)
Proceeds from employee stock purchase plan			769				621				543
Net cash provided by financing activities			21,758				232,691				2,360

Net Increase in Cash			14,143				25,716				315
Cash and Cash Equivalents at Beginning of Year			51,549				25,833				25,518
Cash and Cash Equivalents at End of Year		$	65,692			$	51,549			$	25,833