XML 69 R53.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 26 - Parent Company Financial Information (Tables)
12 Months Ended
Dec. 31, 2016
Notes Tables  
Condensed Balance Sheet [Table Text Block]
(dollars in thousands)
 
December 31, 2016
 
 
December 31, 2015
 
                 
Assets
 
 
 
 
 
 
 
 
Cash
  $
86,561
    $
65,692
 
Investment securities available for sale, at fair value
   
100
     
216
 
Investment in subsidiaries
   
973,530
     
740,804
 
Other assets
   
3,935
     
2,444
 
Total Assets
  $
1,064,126
    $
809,156
 
                 
                 
Liabilities
 
 
 
 
 
 
 
 
Other liabilities
  $
4,813
    $
1,627
 
Long-term borrowings
   
216,514
     
68,928
 
Total liabilities
   
221,327
     
70,555
 
                 
                 
Shareholders' Equity
 
 
 
 
 
 
 
 
Common stock
   
338
     
331
 
Warrant
   
-
     
946
 
Additional paid in capital
   
513,531
     
503,529
 
Retained earnings
   
331,311
     
233,604
 
Accumulated other comprehensive income (loss)
   
(2,381
)    
191
 
Total Shareholders’ Equity
   
842,799
     
738,601
 
Total Liabilities and Shareholders' Equity
  $
1,064,126
    $
809,156
 
Condensed Income Statement [Table Text Block]
 
 
Years Ended December 31,
 
(dollars in thousands)
 
2016
 
 
2015
 
 
2014
 
                         
Income
 
 
 
 
 
 
 
 
 
 
 
 
Other interest and dividends
  $
280
    $
369
    $
171
 
Gain on sale of investment securities
   
43
     
60
     
-
 
Total Income
   
323
     
429
     
171
 
                         
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
   
7,493
     
4,490
     
2,497
 
Legal and professional
   
131
     
101
     
108
 
Directors compensation
   
202
     
224
     
257
 
Other
   
1,083
     
1,212
     
1,086
 
Total Expenses
   
8,909
     
6,027
     
3,948
 
                         
Loss Before Income Tax (Benefit) and Equity in Undistributed Income of Subsidiaries
   
(8,586
)    
(5,598
)    
(3,777
)
Income Tax Benefit
   
(2,919
)    
(2,208
)    
(1,490
)
                         
Loss Before Equity in Undistributed Income of Subsidiaries
   
(5,667
)    
(3,390
)    
(2,287
)
Equity in Undistributed Income of Subsidiaries
   
103,374
     
87,557
     
56,545
 
Net Income
   
97,707
     
84,167
     
54,258
 
Preferred Stock Dividends and Discount Accretion
   
-
     
601
     
614
 
                         
Net Income Available to Common Shareholders
  $
97,707
    $
83,566
    $
53,644
 
Condensed Cash Flow Statement [Table Text Block]
 
 
Years Ended December 31,
 
(dollars in thousands)
 
2016
 
 
2015
 
 
2014
 
                         
Cash Flows From Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
  $
97,707
    $
84,167
    $
54,258
 
Adjustments to reconcile net income to net
cash used in by operating activities:
                       
Equity in undistributed income of subsidiary
   
(103,374
)    
(87,557
)    
(56,545
)
Excess tax benefit on stock-based compensation
   
(400
)    
(2,984
)    
(978
)
Increase in other assets
   
(1,491
)    
(785
)    
(1,731
)
Increase (decrease) in other liabilities
   
3,186
     
(121
)    
1,803
 
Net cash (used in) operating activities
   
(4,372
)    
(7,280
)    
(3,193
)
                         
Cash Flows From Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sale of available-for-sale securities
   
135
     
84
     
-
 
Investment in subsidiary (net)
   
(124,636
)    
(419
)    
(203,782
)
Net cash used in investing activities
   
(124,501
)    
(335
)    
(203,782
)
                         
Cash Flows From Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Issuance of common stock
   
-
     
94,633
     
144,093
 
Issuance of Series C Preferred Stock
   
-
     
-
     
15,300
 
Issuance in long-term borrowings
   
147,586
     
-
     
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
   
955
     
5,176
     
2,313
 
Preferred stock dividends
   
-
     
(600
)    
(614
)
Excess tax benefit on stock-based compensation
   
400
     
2,984
     
978
 
Payment in lieu of fractional shares
   
-
     
(4
)    
-
 
Proceeds from employee stock purchase plan
   
801
     
769
     
621
 
Net cash provided by financing activities
   
149,742
     
21,758
     
232,691
 
                         
Net Increase in Cash
   
20,869
     
14,143
     
25,716
 
Cash and Cash Equivalents at Beginning of Year
   
65,692
     
51,549
     
25,833
 
Cash and Cash Equivalents at End of Year
  $
86,561
    $
65,692
    $
51,549