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Parent Company Only Financial Information | 12 Months Ended
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Dec. 31, 2015
Parent Company Only Financial Information [Abstract] |
Parent Company Only Financial Information | 27.Parent Company Only Financial Information Condensed Statement of Financial Condition
|  | December 31,
(In thousands) |  | 2015 |  | 2014
Assets |  |  |  |
Cash | $ | 11,102 | $ | 1,036
Investment securities |  | 14,522 |  | 0
Investment in bank subsidiary |  | 132,809 |  | 150,209
Investment in non-bank subsidiaries |  | 1,255 |  | 1,255
Other assets |  | 5,403 |  | 5,872
Total Assets | $ | 165,091 | $ | 158,372
Liabilities and Shareholder’s Equity |  |  |  |
Accrued interest and other liabilities | $ | 2,590 | $ | 2,643
Dividends payable |  | 0 |  | 0
Junior subordinated debt |  | 41,730 |  | 46,730
Shareholder’s equity |  | 120,771 |  | 108,999
Total Liabilities and Shareholder’s Equity | $ | 165,091 | $ | 158,372
Condensed Statement of Income
|  | Year Ended
|  | December 31,
(In thousands) |  | 2015 |  | 2014
Income: |  |  |  |
Dividend income from bank subsidiary | $ | 33,658 | $ | 10,972
Other income |  | 69 |  | 240
Total Income |  | 33,727 |  | 11,212
Expenses: |  |  |  |
Interest expense |  | 2,192 |  | 2,492
Other expenses |  | 365 |  | 354
Total Expenses |  | 2,557 |  | 2,846
Income before income taxes and equity in undistributed |  |  |  |
net loss of subsidiaries |  | 31,170 |  | 8,366
Applicable income tax benefit |  | 431 |  | 3,120
Net income before equity in undistributed net loss of subsidiaries |  | 31,601 |  | 11,486
Equity in undistributed net loss of subsidiaries: |  |  |  |
Bank |  | (20,725) |  | (5,870)
Non-bank |  | 0 |  | (19)
Net Income | $ | 10,876 | $ | 5,597
Condensed Statement of Comprehensive Income
| Year Ended
| December 31,
Components of Comprehensive Income (in thousands) | 2015 | 2014
Net Income | $ | 10,876 | $ | 5,597
Unrealized gains on cash flow hedges, net of tax |  | 80 |  | 155
Other comprehensive income, net of tax |  | 80 |  | 155
Comprehensive income | $ | 10,956 | $ | 5,752
Condensed Statement of Cash Flows
|  | Year Ended
|  | December 31,
(In thousands) |  | 2015 |  | 2014
Operating Activities |  |  |  |
Net Income | $ | 10,876 | $ | 5,597
Adjustments to reconcile net income to net cash (used in)/provided |  |  |  |
by operating activities: |  |  |  |
Equity in undistributed net income of subsidiaries |  | 6,203 |  | 5,889
Decrease/(increase) in other assets |  | 470 |  | (1,686)
Increase/(decrease) in accrued interest payable and other liabilities |  | 26 |  | (12,089)
Stock Compensation |  | 191 |  | 134
Net cash provided by/(used in) operating activities |  | 17,766 |  | (2,155)
Investing Activities |  |  |  |
Net investment in subsidiaries |  | 0 |  | 2,761
Net cash provided by investing activities |  | 0 |  | 2,761
Financing Activities |  |  |  |
Dividends – common stock |  | 0 |  | 0
Repayment of Long-term debt |  | (5,000) |  | 0
Dividends - preferred stock paid |  | (2,700) |  | (2,595)
Net cash used in financing activities |  | (7,700) |  | (2,595)
Increase/(decrease) in cash and cash equivalents |  | 10,066 |  | (1,989)
Cash and cash equivalents at beginning of year |  | 1,036 |  | 3,025
Cash and cash equivalents at end of year | $ | 11,102 | $ | 1,036
Accumulated Other Comprehensive Income
Components of Comprehensive Income (in thousands) | Before Tax Amount | Tax (Expense) Benefit | Net
For the period ended December 31, 2015 |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |
Unrealized holding gains | $ | 133 | $ | (53) | $ | 80
Other comprehensive income | $ | 133 | $ | (53) | $ | 80
For the period ended December 31, 2014 |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |
Unrealized holding gains | $ | 258 | $ | (103) | $ | 155
Other comprehensive income | $ | 258 | $ | (103) | $ | 155

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- 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 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 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 SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 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
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