Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2017

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,
Condensed Balance Sheets	2017			2016
Assets:
Cash	$	29,908		$	4,747
Securities available for sale		832			778
Investment in bank subsidiary		167,192			149,965
Investment in nonbank subsidiaries		12,928			12,635
Other assets		5,212			1,226
Total assets	$	216,072		$	169,351
Liabilities:
Deferred income taxes and other liabilities	$	2,184		$	2,308
Subordinated debentures		29,427			29,427
Total liabilities		31,611			31,735
Shareholders’ Equity:
Preferred stock		17,358			18,950
Common stock		153,810			118,975
Accumulated earnings		31,652			19,263
Treasury Stock		(17,235	)		(17,235	)
Accumulated other comprehensive loss		(1,124	)		(2,337	)
Total shareholders’ equity		184,461			137,616
Total liabilities and shareholders’ equity	$	216,072		$	169,351

	For the years ended December 31,
Condensed Statements of Operations	2017			2016			2015
Dividends from bank subsidiaries	$	—		$	—		$	14,226
Interest expense		(1,035	)		(884	)		(760	)
Pension expense		(925	)		(184	)		(388	)
Other expense, net		(1,071	)		(920	)		(1,755	)
Income (loss) before equity in undistributed net    earnings of subsidiaries		(3,031	)		(1,988	)		11,323
Income tax benefit		1,407			676			959
Equity in undistributed net earnings of subsidiaries		17,496			18,529			463
Net income	$	15,872		$	17,217		$	12,745
Comprehensive income	$	17,284		$	15,375		$	12,297

NOTE 20 - PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Continued)

	For the years ended December 31,
Condensed Statements of Cash Flows	2017			2016			2015
Operating activities:
Net income	$	15,872		$	17,217		$	12,745
Adjustment to reconcile net income to net cash    from (used for) operating activities:
Change in other assets and other liabilities		(2,147	)		1,821			1,324
Gain on sale of fixed asets		(66	)		—			—
Equity in undistributed net earnings of    subsidiaries		(17,496	)		(18,529	)		(463	)
Net cash (used for) from operating activities		(3,837	)		509			13,606
Investing activities:
Proceeds from sale of premises and equipment	138				—			—
Acquisition and additional capitalization of    subsidiary, net of cash acquired		(275	)		—			(16,637	)
Net cash used for investing activities		(137	)		—			(16,637	)
Financing activities:
Cash paid on fractional shares on preferred stock    conversion to common stock		—			(1	)		—
Net proceeds from common stock issuance		32,821			—			—
Payment to repurchase common stock		(4	)		—			—
Cash dividends paid		(3,682	)		(3,254	)		(3,139	)
Net cash from (used for) financing activities		29,135			(3,255	)		(3,139	)
Net change in cash and cash equivalents		25,161			(2,746	)		(6,170	)
Cash and cash equivalents at beginning of year		4,747			7,493			13,663
Cash and cash equivalents at end of year	$	29,908		$	4,747		$	7,493