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CommunityOne Bancorp (Parent Company)
 12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
CommunityOne Bancorp (Parent Company)
CommunityOne Bancorp (Parent Company)
The parent company’s principal asset is its investment in its bank subsidiary, the Bank.
The condensed financial position as of December 31, 2015 and 2014, and the condensed results of operations and cash flows for each of the years in the three-year period ended December 31, 2015 of COB, parent company only, are presented below. 
(dollars in thousands)
 
 
 
 
 
 
 
 
2015
 
2014
 
 
Condensed Balance Sheets
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Cash
 
$
1,195

 
$
6,032

 
 
Investment in subsidiaries
 
330,089

 
322,615

 
 
Other assets
 
4,910

 
3,678

 
 
Total Assets
 
$
336,194

 
$
332,325

 
 
Liabilities and shareholders’ equity:
 
 
 
 
 
 
Accrued liabilities
 
$
6,454

 
$
8,707

 
 
Borrowed funds
 
56,702

 
56,702

 
 
Shareholders’ equity
 
273,038

 
266,916

 
 
Total Shareholders’ Equity and Liabilities
 
$
336,194

 
$
332,325

 
 
 
 
 
 
 
 
 
 
 
2015
 
2014
 
2013
Condensed Statements of Operations
 
 
 
 
 
 
Noninterest income
 
$
34

 
$
33

 
$
31

Interest expense
 
(1,135
)
 
(1,146
)
 
(1,092
)
Noninterest expense
 
(2,712
)
 
(1,011
)
 
(742
)
Loss before tax (benefit) expense
 
(3,813
)
 
(2,124
)
 
(1,803
)
Income tax expense (benefit)
 
(306
)
 
(3,180
)
 
—

Income (Loss) before equity in undistributed net loss of subsidiaries
 
(3,507
)
 
1,056

 
(1,803
)
Equity in undistributed net income (loss) of subsidiaries
 
10,421

 
149,402

 
320

Net income (loss)
 
$
6,914

 
$
150,458

 
$
(1,483
)
 
 
 
 
 
 
 
Condensed Statements of Cash Flows
 
2015
 
2014
 
2013
Cash flows from operating activities
 
 
 
 
 
 
Net Income (Loss)
 
$
6,914

 
$
150,458

 
$
(1,483
)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
 
 
 
 
 
 
Equity in undistributed net income (loss) of subsidiaries
 
(10,421
)
 
(149,402
)
 
(320
)
Other, net
 
(3,485
)
 
(2,095
)
 
1,153

Net cash used in operating activities
 
(6,992
)
 
(1,039
)
 
(650
)
Cash flows from investing activities
 
 
 
 
 
 
Downstream cash investment in subsidiary
 
—

 
(19,400
)
 
—

Net cash used in investing activities
 
—

 
(19,400
)
 
—

Cash flows from financing activities
 
 
 
 
 
 
Proceeds from issuance of common stock, net of costs
 
2,155

 
24,982

 
—

Other
 
—

 
852

 
681

Net cash provided by financing activities
 
2,155

 
25,834

 
681

Net increase (decrease) in cash
 
(4,837
)
 
5,395

 
31

Cash at beginning of period
 
6,032

 
637

 
606

Cash at end of period
 
$
1,195

 
$
6,032

 
$
637