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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
5 Months Ended 6 Months Ended 1 Months Ended
Jun. 30, 2012
Successor [Member]
Jun. 30, 2013
Successor [Member]
Jan. 31, 2012
Predecessor [Member]
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 395 $ 2,894 $ 529
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation 564 1,081 103
Stock-based compensation 21 384 4
Provision for loan losses 2,915 3,432 195
Accretion on purchased loans (6,913) (9,724) (1,592)
Amortization of core deposit intangible 188 339 28
Amortization of premium on time deposits (1,417) (1,449) (311)
Accretion of discount on long-term debt 60 17 12
Gain on acquisition 0 (8,241) 0
Gain on mortgage loan commitments (335) (147) (159)
Gain on sales of loans held for sale (738) (3,165) (20)
Originations of loans held for sale (38,542) (129,694) (6,340)
Proceeds from sales of loans held for sale 33,479 141,554 9,018
Increase in cash surrender value of bank-owned life insurance (297) (417) (62)
Deferred income taxes (255) (3,203) 270
Gain on sale of available for sale securities (165) (1,215) 0
Net amortization of premiums on available for sale securities 332 748 25
Net loss on disposal of foreclosed assets 3 3 17
Valuation adjustments on foreclosed assets 408 263 0
Gains from change in fair value of interest rate swaps (198) (106) (2)
Change in assets and liabilities:      
(Increase) decrease in accrued interest receivable (2,402) (481) (34)
(Increase) decrease in other assets 699 5,742 3,143
Increase (decrease) in accrued interest payable 178 (118) (106)
Increase (decrease) in other liabilities 2,132 (1,985) (2,606)
Net cash provided by (used in) operating activities (9,888) (3,488) 2,112
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of securities available for sale (60,005) (153,028) (2,658)
Proceeds from maturities and repayments of securities available for sale 24,441 16,566 2,158
Proceeds from sales of securities available for sale 33,668 174,326 0
Loan originations and principal collections, net 25,162 (101,426) 542
Purchases of premises and equipment (1,271) (2,191) (269)
Proceeds from disposal of foreclosed assets 1,646 2,947 2,940
Proceeds from sales of loans 9,317 0 9,635
Net cash received in acquisition 0 24,008 0
Proceeds from (purchases of) Federal Home Loan Bank stock 5,882 (1,447) 123
Net cash provided by (used in) investing activities 38,840 (40,245) 12,471
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposits 12,125 46,812 (30,032)
Proceeds from exercise of stock options 0 99 0
Restricted stock, canceled for tax withholding 0 (205) 0
Proceeds from issuance of short-term borrowings, net 0 26,218 0
Proceeds from issuance of long-term debt, net (5,000) 9,000 5,000
Repurchase of Community Bank of Rowan common stock from directors (7) 0 0
Proceeds from issuance of Legacy VantageSouth Bank common stock to directors 14 0 0
Dividends paid on preferred stock (1,979) (846) 0
Net cash provided by (used in) financing activities 5,153 81,078 (25,032)
Net change in cash and cash equivalents 34,105 37,345 (10,449)
Cash and cash equivalents, beginning of period 36,023 50,463  
Cash and cash equivalents, end of period 70,128 87,808 36,023
SUPPLEMENTAL DISCLOSURES:      
Interest 2,377 2,810 1,038
Income taxes 0 0 0
Noncash investing activities:      
Transfers of loans to foreclosed assets 1,685 2,635 35
Change in fair value of securities available for sale, net of tax 595 (7,200) 488
Change in fair value of cash flow hedge, net of tax 0 2,491 0
Acquisition      
Assets acquired 0 856,429 0
Liabilities assumed 0 789,873 0
Other equity interests acquired 0 17,686 0
Purchase price 0 40,630 0
Gain on acquisition $ 0 $ 8,241 $ 0