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Parent Company Only Financial Information | 12 Months Ended
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Dec. 31, 2016
Parent Company Only Financial Information |
Parent Company Only Financial Information | 27.Parent Company Only Financial Information Condensed Statement of Financial Condition
﻿ |  |  |  |
﻿ |  |  |  |
﻿ |  |  |  |
﻿ |  | December 31,
﻿(In thousands) |  | 2016 |  | 2015
﻿Assets |  |  |  |
﻿Cash | $ | 541 | $ | 11,102
﻿Investment securities |  | 12,401 |  | 14,522
﻿Investment in bank subsidiary |  | 137,831 |  | 132,809
﻿Investment in non-bank subsidiaries |  | 1,255 |  | 1,255
﻿Other assets |  | 7,618 |  | 5,403
﻿Total Assets | $ | 159,646 | $ | 165,091
﻿ |  |  |  |
﻿Liabilities and Shareholders' Equity |  |  |  |
﻿Accrued interest and other liabilities | $ | 4,218 | $ | 2,590
﻿Junior subordinated debt |  | 41,730 |  | 41,730
﻿Shareholders' equity |  | 113,698 |  | 120,771
﻿Total Liabilities and Shareholders' Equity | $ | 159,646 | $ | 165,091
﻿ Condensed Statement of Income ﻿ ﻿
﻿ |  |  |  |
﻿ |  |  |  |
﻿ |  | Year Ended
﻿ |  | December 31,
﻿(In thousands) |  | 2016 |  | 2015
﻿Income: |  |  |  |
﻿Dividend income from bank subsidiary | $ | 1,000 | $ | 33,658
﻿Interest income on investments |  | 573 |  | 0
﻿Gain on Investments |  | 0 |  | 3,521
﻿Other income |  | 128 |  | 69
﻿Total other income |  | 701 |  | 3,590
﻿Total Income |  | 1,701 |  | 37,248
﻿ |  |  |  |
﻿Expenses: |  |  |  |
﻿Interest expense |  | 2,429 |  | 2,192
﻿Other expenses |  | 207 |  | 365
﻿Total Expenses |  | 2,636 |  | 2,557
﻿ |  |  |  |
﻿(Loss)/Income before income taxes and equity in undistributed |  |  |  |
﻿ net (loss)/income of subsidiaries |  | (935) |  | 34,691
﻿Applicable income tax benefit/(expense) |  | 693 |  | (975)
﻿Net (loss)/income before equity in undistributed net income/(loss) of subsidiaries |  | (242) |  | 33,716
﻿ |  |  |  |
﻿Equity in undistributed net income/(loss) of subsidiaries: |  |  |  |
﻿ Bank |  | 7,523 |  | (20,725)
﻿Net Income | $ | 7,281 | $ | 12,991
﻿ ﻿ Condensed Statement of Comprehensive Income ﻿
﻿ |  |  |  |
﻿ | Year Ended
﻿ | December 31,
﻿Components of Comprehensive Income (in thousands) | 2016 | 2015
﻿Net Income | $ | 7,281 | $ | 12,991
﻿ |  |  |  |
﻿Unrealized losses on AFS Securities, net of tax |  | (478) |  | (2,115)
﻿Unrealized gains on cash flow hedges, net of tax |  | 461 |  | 80
﻿ |  |  |  |
﻿Other comprehensive loss, net of tax |  | (17) |  | (2,035)
﻿ |  |  |  |
﻿Comprehensive income | $ | 7,264 | $ | 10,956
﻿ Condensed Statement of Cash Flows ﻿
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﻿ |  |  |  |
﻿ |  | Year Ended
﻿ |  | December 31,
﻿(In thousands) |  | 2016 |  | 2015
﻿Operating Activities |  |  |  |
﻿Net Income | $ | 7,281 | $ | 12,991
﻿Adjustments to reconcile net income to net cash provided |  |  |  |
﻿ by operating activities: |  |  |  |
﻿Equity in undistributed net income of subsidiaries |  | (7,523) |  | 6,203
﻿(Increase)/Decrease in other assets |  | (575) |  | 470
﻿Increase/(decrease) in accrued interest payable and other liabilities |  | 2,089 |  | (2,089)
﻿Stock Compensation |  | 192 |  | 191
﻿Net cash provided by operating activities |  | 1,464 |  | 17,766
﻿ |  |  |  |
﻿Investing Activities |  |  |  |
﻿Net investment in subsidiaries |  | 0 |  | 0
﻿Net cash provided by investing activities |  | 0 |  | 0
﻿ |  |  |  |
﻿Financing Activities |  |  |  |
﻿Dividends – common stock |  | 0 |  | 0
﻿Repayment of Long-term debt |  | 0 |  | (5,000)
﻿Preferred Stock Redemption |  | (10,000) |  | 0
﻿Dividends - preferred stock paid |  | (2,025) |  | (2,700)
﻿Net cash used in financing activities |  | (12,025) |  | (7,700)
﻿(Decrease)/increase in cash and cash equivalents |  | (10,561) |  | 10,066
﻿Cash and cash equivalents at beginning of year |  | 11,102 |  | 1,036
﻿Cash and cash equivalents at end of year | $ | 541 | $ | 11,102
﻿ Accumu lated Other Comprehensive Loss ﻿
﻿ |  |  |  |  |  |
﻿Components of Comprehensive Loss (in thousands) | Before Tax Amount | Tax (Expense) Benefit | Net
﻿For the period ended December 31, 2016 |  |  |  |  |  |
﻿Available for Sale Securities: |  |  |  |  |  |
﻿Unrealized holding losses | $ | (795) | $ | 317 | $ | (478)
﻿Cash flow hedges: |  |  |  |  |  |
﻿Unrealized holding gains | $ | 766 | $ | (305) | $ | 461
﻿ |  |  |  |  |  |
﻿Other comprehensive loss | $ | (29) | $ | 12 | $ | (17)
﻿ |  |  |  |  |  |
﻿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 loss | $ | (3,388) | $ | 1,353 | $ | (2,035)
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﻿

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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=51664549&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 05 -Paragraph c -Article 7 + Details
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