Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only Condensed Financial Information

NOTE 20 - PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed financial information of CBI follows:

	December 31,
	2015			2014
Condensed Balance Sheets
Assets:
Cash	$	7,493		$	13,663
Securities available for sale		587			540
Investment in bank subsidiary		133,959			117,364
Investment in nonbank subsidiaries		12,615			12,605
Other assets		2,204			3,003
Total assets	$	156,858		$	147,175
Liabilities:
Deferred income taxes and other liabilities	$	2,258		$	1,839
Subordinated debentures		29,427			29,427
Total liabilities		31,685			31,266
Shareholders’ Equity:
Preferred stock		22,273			23,132
Common stock		115,330			114,365
Accumulated earnings (deficit)		5,300			(4,306	)
Treasury Stock		(17,235	)		(17,235	)
Accumulated other comprehensive loss		(495	)		(47	)
Total shareholders’ equity		125,173			115,909
Total liabilities and shareholders’ equity	$	156,858		$	147,175

	For the years ended December 31,
	2015			2014			2013
Condensed Statements of Operations
Dividends from bank subsidiaries	$	14,226		$	7,339		$	7,888
Interest expense		(760	)		(777	)		(740	)
Pension expense		(388	)		(397	)		(4,072	)
Other expense, net		(1,755	)		(1,150	)		(952	)
Income before equity in undistributed net earnings of subsidiaries		11,323			5,015			2,124
Income tax benefit		959			763			1,960
Equity in undistributed net earnings of subsidiaries		463			3,750			2,095
Net income	$	12,745		$	9,528		$	6,179
Comprehensive income	$	12,297		$	13,728		$	3,579
	For the years ended December 31,
	2015			2014			2013
Condensed Statements of Cash Flows
Operating activities:
Net income	$	12,745		$	9,528		$	6,179
Adjustment to reconcile net income to net cash from operating activities:
Change in other assets and other liabilities		1,324			1,508			(1,620	)
Equity in undistributed net earnings of subsidiaries		(463	)		(3,750	)		(2,095	)
Net cash from operating activities		13,606			7,286			2,464
Investing activities:
Acquisition and additional capitalization of subsidiary, net of cash acquired		(16,637	)		—			—
Net cash used for investing activities		(16,637	)		—			—
Financing activities:
Payment to repurchase preferred stock		—			(22,857	)		—
Proceeds from issuance of preferred stock		—			—			23,132
Cash dividends paid		(3,139	)		(3,338	)		(2,315	)
Net cash (used for) from financing activities		(3,139	)		(26,195	)		20,817
Net change in cash and cash equivalents		(6,170	)		(18,909	)		23,281
Cash and cash equivalents at beginning of year		13,663			32,572			9,291
Cash and cash equivalents at end of year	$	7,493		$	13,663		$	32,572