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Parent Company Only Condensed Financial Information (Tables)
12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
     December 31,  
Condensed Balance Sheets    2016      2015  

Assets:

     

Cash

   $ 4,747      $ 7,493  

Securities available for sale

     778        587  

Investment in bank subsidiary

     149,965        133,959  

Investment in nonbank subsidiaries

     12,635        12,615  

Other assets

     1,226        2,204  
  

 

 

    

 

 

 

Total assets

   $ 169,351      $ 156,858  
  

 

 

    

 

 

 

Liabilities:

     

Deferred income taxes and other liabilities

   $ 2,308      $ 2,258  

Subordinated debentures

     29,427        29,427  
  

 

 

    

 

 

 

Total liabilities

     31,735        31,685  
  

 

 

    

 

 

 

Shareholders’ Equity:

     

Preferred stock

     18,950        22,273  

Common stock

     118,975        115,330  

Accumulated earnings

     19,263        5,300  

Treasury Stock

     (17,235      (17,235

Accumulated other comprehensive loss

     (2,337      (495
  

 

 

    

 

 

 

Total shareholders’ equity

     137,616        125,173  
  

 

 

    

 

 

 

Total liabilities and shareholders’ equity

   $ 169,351      $ 156,858  
  

 

 

    

 

 

 
Schedule of Condensed Statements of Operations
     For the years ended December 31,  
Condensed Statements of Operations    2016      2015      2014  

Dividends from bank subsidiaries

   $ —        $ 14,226      $ 7,339  

Interest expense

     (884      (760      (777

Pension expense

     (184      (388      (397

Other expense, net

     (920      (1,755      (1,150
  

 

 

    

 

 

    

 

 

 

Income (loss) before equity in undistributed net earnings of subsidiaries

     (1,988      11,323        5,015  

Income tax benefit

     676        959        763  

Equity in undistributed net earnings of subsidiaries

     18,529        463        3,750  
  

 

 

    

 

 

    

 

 

 

Net income

   $ 17,217      $ 12,745      $ 9,528  
  

 

 

    

 

 

    

 

 

 

Comprehensive income

   $ 15,375      $ 12,297      $ 13,728  
  

 

 

    

 

 

    

 

 

 
Schedule of Condensed Statements of Cash Flows
     For the years ended December 31,  
Condensed Statements of Cash Flows    2016      2015      2014  

Operating activities:

        

Net income

   $ 17,217      $ 12,745      $ 9,528  

Adjustment to reconcile net income to net cash from operating activities:

        

Change in other assets and other liabilities

     1,821        1,324        1,508  

Equity in undistributed net earnings of subsidiaries

     (18,529      (463      (3,750
  

 

 

    

 

 

    

 

 

 

Net cash from operating activities

     509        13,606        7,286  

Investing activities:

        

Acquisition and additional capitalization of subsidiary, net of cash acquired

     —          (16,637      —    
  

 

 

    

 

 

    

 

 

 

Net cash used for investing activities

     —          (16,637      —    

Financing activities:

        

Cash paid on fractional shares on preferred stock conversion to common stock

     (1      —          —    

Payment to repurchase preferred stock

     —          —          (22,857

Cash dividends paid

     (3,254      (3,139      (3,338
  

 

 

    

 

 

    

 

 

 

Net cash used for financing activities

     (3,255      (3,139      (26,195
  

 

 

    

 

 

    

 

 

 

Net change in cash and cash equivalents

     (2,746      (6,170      (18,909

Cash and cash equivalents at beginning of year

     7,493        13,663        32,572  
  

 

 

    

 

 

    

 

 

 

Cash and cash equivalents at end of year

   $ 4,747      $ 7,493      $ 13,663