Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Statements of Financial Condition - Parent Company Only

The following represents the condensed financial statements of First Midwest Bancorp, Inc., the Parent Company.

Statements of Financial Condition

(Parent Company only)

(Dollar amounts in thousands)

	As of December 31,
	2015		2014
Assets
Cash and due from banks	$	119,693	$	43,546
Investments in and advances to subsidiaries	1,184,900		1,211,244
Goodwill	18,216		13,625
Other assets	54,394		79,468
Total assets	$	1,377,203	$	1,347,883
Liabilities and Stockholders' Equity
Senior and subordinated debt	$	201,208	$	200,869
Accrued interest payable and other liabilities	29,727		46,239
Stockholders' equity	1,146,268		1,100,775
Total liabilities and stockholders' equity	$	1,377,203	$	1,347,883

Statements of Income - Parent Company Only

Statements of Income

(Parent Company only)

(Dollar amounts in thousands)

	Years ended December 31,
	2015			2014			2013
Income
Dividends from subsidiaries	$	127,000		$	56,881		$	54,200
Interest income	2,164			1,502			1,067
Net losses on early extinguishment of debt	—			—			(1,034		)
Securities transactions and other	584			6,451			37,485
Total income	129,748			64,834			91,718
Expenses
Interest expense	12,545			12,062			13,607
Salaries and employee benefits	14,624			12,589			15,198
Other expenses	6,003			5,867			5,792
Total expenses	33,172			30,518			34,597
Income before income tax benefit (expense) and equity in undistributed   (loss) income of subsidiaries	96,576			34,316			57,121
Income tax benefit (expense)	11,950			8,710			(962		)
Income before equity in undistributed (loss) income of subsidiaries	108,526			43,026			56,159
Equity in undistributed (loss) income of subsidiaries	(26,462		)	26,280			23,147
Net income	82,064			69,306			79,306
Net income applicable to non-vested restricted shares	(882		)	(836		)	(1,107		)
Net income applicable to common shares	$	81,182		$	68,470		$	78,199

Statements of Cash Flows - Parent Company Only

Statements of Cash Flows

(Parent Company only)

(Dollar amounts in thousands)

	Years ended December 31,
	2015			2014			2013
Operating Activities
Net income	$	82,064		$	69,306		$	79,306
Adjustments to reconcile net income to net cash provided   by operating activities:
Equity in undistributed loss (income) of subsidiaries	26,462			(26,280		)	(23,147		)
Depreciation of premises, furniture, and equipment	7			6			7
Net gains on sales of securities	(1		)	(5,702		)	(34,119		)
Net losses on early extinguishment of debt	—			—			1,034
Share-based compensation expense	7,242			5,926			5,903
Tax expense related to share-based compensation	(1,200		)	(106		)	(10		)
Net decrease in other assets	23,699			4,599			1,084
Net (decrease) increase in other liabilities	(17,132		)	14,063			(1,624		)
Net cash provided by operating activities	121,141			61,812			28,434
Investing Activities
Purchases of securities available-for-sale	—			—			(46,532		)
Proceeds from sales and maturities of securities available-for-sale	310			8,540			43,329
Purchase of premises, furniture, and equipment	(5		)	—			—
Net cash paid from acquisitions	(16,047		)	(15,809		)	—
Net cash used in investing activities	(15,742		)	(7,269		)	(3,203		)
Financing Activities
Payments for retirement of subordinated debt	—			—			(24,094		)
Treasury stock activity	(120		)	369			—
Cash dividends paid	(27,036		)	(22,568		)	(7,508		)
Restricted stock activity	(2,890		)	(2,781		)	(1,607		)
Excess tax benefit related to share-based compensation	794			912			79
Net cash used in financing activities	(29,252		)	(24,068		)	(33,130		)
Net increase (decrease) in cash and cash equivalents	76,147			30,475			(7,899		)
Cash and cash equivalents at beginning of year	43,546			13,071			20,970
Cash and cash equivalents at end of year	$	119,693		$	43,546		$	13,071
Supplemental Disclosures of Cash Flow Information:
Common stock issued for acquisitions, net of issuance costs	$	—		$	38,300		$	—