Condensed Financial Information - Parent Company (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Balance Sheets (Parent Company Only)

Balance Sheets (Parent Company Only)

	December 31,
	2016		2015
ASSETS
Cash and cash equivalents	$	3,479	$	741
Securities available-for-sale	27		27
Investment in subsidiary	128,096		135,576
Other assets	6,051		6,075
	$	137,653	$	142,419
LIABILITIES AND STOCKHOLDERS' EQUITY
Series B mandatory redeemable preferred stock	$	209	$	268
Subordinated debentures	10,310		20,620
Other liabilities	205		250
	10,724		21,138
Stockholders' equity	126,929		121,281
	$	137,653	$	142,419

Income Statements (Parent Company Only)

Income Statements (Parent Company Only)

	Years Ended December 31,
	2016			2015
Dividends from subsidiary	$	—		$	—
Interest income	16			16
Other income	1,109			1,754
Interest expense	563			645
Other expense	693			1,055
Income tax benefit	(51		)	(6,068		)
Equity in undistributed earnings of subsidiaries	6,396			36,464
Net income	6,316			42,602
Preferred stock dividends	—			1,484
Discount on redemption of preferred stock	—			(13,668		)
Net income for common stockholders	$	6,316		$	54,786

Statements of Cash Flows (Parent Company Only)

Statements of Cash Flows (Parent Company Only)

	Years Ended December 31,
	2016			2015
Cash flows from operating activities
Net income	$	6,316		$	42,602
Adjustments to reconcile net income
to net cash provided by operating activities
Undistributed earnings of subsidiary	(6,396		)	(36,464		)
Share based compensation	124			461
Forfeited stock options	(70		)	—
Gain from extinguishment of debt	(1,000		)	(1,750		)
(Increase) decrease in other assets	24			(4,271		)
Decrease in other liabilities	(45		)	(4,871		)
Net cash used in operating activities	(1,047		)	(4,293		)
Cash flows from investing activities
Capital infusion to subsidiary	$	—		$	(36,000	)
Proceeds from repurchase of subsidiary common stock	9,000			—
Net cash provided by (used in) investing activities	9,000			(36,000		)
Cash flows from financing activities
Repayment of notes payable	$	—		$	(8,500	)
Proceeds from issuance of common stock	4,173			68,248
Repurchase of subordinated debentures	(9,000		)	—
Redemption of Series C Cumulative Perpetual Preferred Stock	—			(19,000		)
Redemption of mandatory redeemable preferred stock	(59		)	—
Dividends paid on preferred stock	(329		)	(478		)
Net cash provided by (used in) financing activities	(5,215		)	40,270
Net decrease in cash and cash equivalents	$	2,738		$	(23	)
Cash and cash equivalents
Beginning of period	741			764
End of period	$	3,479		$	741