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FNB United Corp. (Parent Company)
 12 Months Ended
Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
FNB United Corp. (Parent Company)
FNB United Corp. (Parent Company)
The parent company’s principal asset is its investments in its bank subsidiaries, CommunityOne and through Granite Corp.
The condensed financial position as of December 31, 2012 and 2011, and the condensed results of operations and cash flows for each of the years in the three-year period ended December 31, 2012 of FNB, parent company only, are presented below. 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
2012
 
2011
Condensed Balance Sheets
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Cash
 
 
 
$
606

 
$
2,808

Investment in subsidiaries
 
 
 
161,007

 
188,877

Other assets
 
 
 
81

 
28

Total Assets
 
 
 
$
161,694

 
$
191,713

Liabilities and shareholders’ equity:
 
 
 
 
 
 
Accrued liabilities
 
 
 
$
6,547

 
$
5,996

Borrowed funds
 
 
 
56,702

 
56,702

Shareholders’ equity
 
 
 
98,445

 
129,015

Total Shareholders’ Equity and Liabilities
 
 
 
$
161,694

 
$
191,713

 
 
2012
 
2011
 
2010
Condensed Statements of Operations
 
 
 
 
 
 
Noninterest income
 
$
34

 
$
32

 
$
33

Interest expense
 
(1,157
)
 
(1,072
)
 
(1,521
)
Noninterest expense
 
(970
)
 
(3,351
)
 
(343
)
Loss before tax (benefit)/expense
 
(2,093
)
 
(4,391
)
 
(1,831
)
Income tax expense/(benefit)
 
(311
)
 
723

 
—

Loss before equity in undistributed net loss of subsidiaries
 
(1,782
)
 
(5,114
)
 
(1,831
)
Equity in undistributed net loss of subsidiaries
 
(38,223
)
 
(132,200
)
 
(129,996
)
Net loss
 
(40,005
)
 
(137,314
)
 
(131,827
)
Preferred stock gain on retirement, net of accretion, and dividends
 
—

 
44,592

 
(3,294
)
Net Loss to Common Shareholders
 
$
(40,005
)
 
$
(92,722
)
 
$
(135,121
)
Condensed Statements of Cash Flows
 
 
 
 
 
 
Cash flows from operating activities
 
 
 
 
 
 
Net Loss
 
$
(40,005
)
 
$
(137,314
)
 
$
(131,827
)
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
Equity in undistributed net loss of subsidiaries
 
38,223

 
132,200

 
129,996

Other, net
 
503

 
6,638

 
(451
)
Net cash provided by/(used in) operating activities
 
(1,279
)
 
1,524

 
(2,282
)
Cash flows from investing activities
 
 
 
 
 
 
Downstream cash investment in subsidiary
 
(6,709
)
 
(287,711
)
 
(1,000
)
Net cash used in investing activities
 
(6,709
)
 
(287,711
)
 
(1,000
)
Cash flows from financing activities
 
 
 
 
 
 
Proceeds from issuance of common stock
 
6,694

 
289,571

 
—

Cash dividends paid on preferred stock
 
—

 
(756
)
 
(644
)
Other
 
(908
)
 
—

 
—

Net cash provided by/(used in) financing activities
 
5,786

 
288,815

 
(644
)
Net increase/(decrease) in cash
 
(2,202
)
 
2,628

 
(3,926
)
Cash at beginning of period
 
2,808

 
180

 
4,106

Cash at end of period
 
$
606

 
$
2,808

 
$
180