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Parent Company Only Financial Information - (As Restated) (Tables) | 12 Months Ended
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Dec. 31, 2015
Parent Company Only Financial Information - (As Restated) [Abstract] |
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 Statements of Income |
﻿ |  |  |  |
﻿ |  |  |  |
﻿ |  | Year Ended
﻿ |  | December 31,
﻿(In thousands) |  | 2015 |  | 2014
﻿Income: |  |  |  |
﻿Dividend income from bank subsidiary | $ | 33,658 | $ | 10,972
﻿Gain on Investments |  | 3,521 |  | 0
﻿Other income |  | 69 |  | 240
﻿Total Other income |  | 3,590 |  | 240
﻿Total Income |  | 37,248 |  | 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 |  | 34,691 |  | 8,366
﻿Applicable income tax (expense)/benefit |  | (975) |  | 3,120
﻿Net income before equity in undistributed net loss of subsidiaries |  | 33,716 |  | 11,486
﻿ |  |  |  |
﻿Equity in undistributed net loss of subsidiaries: |  |  |  |
﻿ Bank |  | (20,725) |  | (5,870)
﻿ Non-bank |  | 0 |  | (19)
﻿Net Income | $ | 12,991 | $ | 5,597
﻿
Condensed Statement of Comprehensive Income |
﻿ |  |  |  |
﻿ | Year Ended
﻿ | December 31,
﻿Components of Comprehensive Income (in thousands) |  | 2015 | 2014
﻿Net Income | $ | 12,991 | $ | 5,597
﻿ |  |  |  |
﻿Unrealized losses on AFS Securities, net of tax |  | (2,115) |  |
﻿Unrealized gains on cash flow hedges, net of tax |  | 80 |  | 155
﻿ |  |  |  |
﻿Other comprehensive income, net of tax |  | (2,035) |  | 155
﻿ |  |  |  |
﻿Comprehensive income | $ | 10,956 | $ | 5,752
﻿
Condensed Cash Flow Statement | Condensed Statement of Cash Flows ﻿
﻿ |  |  |  |
﻿ |  |  |  |
﻿ |  | Year Ended
﻿ |  | December 31,
﻿(In thousands) |  | 2015 |  | 2014
﻿Operating Activities |  |  |  |
﻿Net Income | $ | 12,991 | $ | 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 |  | (2,089) |  | (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
﻿
Condensed Statement of Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income ﻿
﻿ |  |  |  |  |  |
﻿Components of Comprehensive Income (in thousands) | Before Tax Amount | Tax (Expense) Benefit | Net
﻿For the period ended December 31, 2015 |  |  |  |  |  |
﻿Available for Sale Securities: |  |  |  |  |  |
﻿ Unrealized holding losses | $ | (3,521) | $ | 1,406 | $ | (2,115)
﻿Cash flow hedges: |  |  |  |  |  |
﻿Unrealized holding gains |  | 133 |  | (53) |  | 80
﻿ |  |  |  |  |  |
﻿Other comprehensive income | $ | (3,388) | $ | 1,353 | $ | (2,035)
﻿ |  |  |  |  |  |
﻿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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