Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2015

Parent Company Only Financial Information [Abstract]

Condensed Financial Information of Parent Company Only Disclosure

Parent Company Only Financial Information

Condensed Balance Sheets	December 31,
(Dollars in thousands)	2015		2014
Assets:
Cash and due from other banks	$	50	$	50
Interest-bearing deposits in subsidiary bank	4,437		41,666
Due from subsidiary bank	3,875		1,015
Available-for-sale investment securities, at fair value (amortized cost of $1,255 at December 31, 2015 and December 31, 2014)	5,813		5,214
Investments in subsidiaries:
Bank	385,258		281,360
Non-bank	29,155		30,693
Other assets	1,070		878
Total assets	$	429,658	$	360,876
Liabilities:
Accrued expenses and other liabilities	$	3,030	$	6,365
Dividends payable	103		24
Long-term borrowings	—		14,369
Mandatorily redeemable capital securities of subsidiary trust	6,736		—
Total liabilities	9,869		20,758
Common stockholders' equity	419,789		340,118
Total stockholders' equity	419,789		340,118
Total liabilities and stockholders' equity	$	429,658	$	360,876

Condensed Statements of Income	Year Ended December 31,
(Dollars in thousands)	2015			2014			2013
Income:
Dividends from subsidiary bank	$	17,500		$	21,000		$	15,000
Dividends from non-bank subsidiary	2,000			500			—
Interest and other income	206			205			132
Total income	19,706			21,705			15,132
Expenses:
Trust preferred securities expense	304			—			—
Intercompany management fees	3,171			1,546			1,257
Other expense	5,653			4,578			3,411
Total expenses	9,128			6,124			4,668
Income before federal income taxes and equity in (excess dividends from) undistributed earnings of subsidiaries	10,578			15,581			10,464
Applicable income tax benefit	(3,139		)	(2,102		)	(1,510		)
(Excess dividends from) equity in undistributed earnings of subsidiaries	(2,776		)	(999		)	5,600
Net income	$	10,941		$	16,684		$	17,574

Statements of Cash Flows	Year Ended December 31,
(Dollars in thousands)	2015			2014			2013
Operating activities
Net income	$	10,941		$	16,684		$	17,574
Adjustment to reconcile net income to cash provided by operations:
Depreciation, amortization and accretion, net	165			—			—
Excess dividends from (equity in) undistributed earnings of subsidiaries	2,776			999			(5,600		)
Other, net	(1,903		)	1,825			1,803
Net cash provided by operating activities	11,979			19,508			13,777
Investing activities
Investment in subsidiaries	(104,584		)	(65,822		)	—
Change in receivable from subsidiary	(2,860		)	(187		)	(619		)
Business combinations, net of cash received	83,391			54,386			—
Net cash used in investing activities	(24,053		)	(11,623		)	(619		)
Financing activities
Payments on long-term borrowings	(14,400		)	(4,800		)	(4,800		)
Purchase of treasury stock	(741		)	(520		)	(228		)
Proceeds from issuance of common stock	—			40,242			8
Cash dividends paid	(10,065		)	(6,767		)	(5,419		)
Excess tax benefit for share-based payments	51			85			79
Net cash (used in) provided by financing activities	(25,155		)	28,240			(10,360		)
Net (decrease) increase in cash and cash equivalents	(37,229		)	36,125			2,798
Cash and cash equivalents at the beginning of year	41,716			5,591			2,793
Cash and cash equivalents at the end of year	$	4,487		$	41,716		$	5,591
Supplemental cash flow information:
Interest paid	$	594		$	672		$	915