Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Balance Sheets (Parent Company Only)

Balance Sheets (Parent Company Only)

	December 31,
	2015		2014
ASSETS
Cash and cash equivalents	$	741	$	764
Securities available for sale	27		27
Investment in subsidiary	135,576		64,008
Other assets	6,075		1,804
	$	142,419	$	66,603
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable	$	—	$	10,250
Mandatory redeemable preferred stock	268		268
Trust Preferred Stock	20,620		20,620
Other liabilities	250		5,137
	21,138		36,275
Stockholders' equity	121,281		30,328
	$	142,419	$	66,603

Income (Loss) Statements (Parent Company Only)

Income (Loss) Statements (Parent Company Only)

	Years Ended December 31,
	2015			2014
Dividends from subsidiary	$	—		$	—
Interest income	16			18
Other income	1,754			753
Interest expense	645			955
Other expense	1,055			437
Income tax expense (benefit)	(6,068		)	—
Equity in undistributed earnings of subsidiaries	36,464			(3,890		)
Net income (loss)	42,602			(4,511		)
Preferred stock dividends	1,484			3,569
Discount on redemption of preferred stock	(13,668		)	—
Net income (loss) for common stockholders	$	54,786		$	(8,080	)

Statements of Cash Flows (Parent Company Only)

Statements of Cash Flows (Parent Company Only)

	Years Ended December 31,
	2015			2014
Cash flows from operating activities
Net income (loss)	$	42,602		$	(4,511	)
Adjustments to reconcile net income (loss) to net
cash provided by operating activities
Undistributed (earnings) loss of subsidiary	(36,464		)	3,890
Share based compensation	461			—
Gain from extinguishment of debt	(1,750		)	—
Increase in other assets	(4,271		)	(1,675		)
(Decrease) increase in other liabilities	(4,871		)	699
Net cash used in operating activities	(4,293		)	(1,597		)
Cash flows from investing activities
Capital infusion to subsidiary	$	(36,000	)	$	—
Net cash provided by investing activities	(36,000		)	—
Cash flows from financing activities
Repayment of notes payable	$	(8,500	)	$	—
Purchase of Tarp Warrants	—			(2		)
Proceeds from issuance of common stock	68,248			—
Purchase of treasury stock	—			(1,255		)
Redemption of Series A Convertible Preferred Stock	—			(500		)
Redemption of Series C Cumulative Perpetual Preferred Stock	(19,000		)	—
Issuance of Series D Non-Cumulative Perpetual Preferred Stock	—			2,636
Dividends paid on preferred stock	(478		)	(881		)
Net cash used in financing activities	40,270			(2		)
Net decrease in cash and cash equivalents	$	(23	)	$	(1,599	)
Cash and cash equivalents
Beginning of period	764			2,363
End of period	$	741		$	764