Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company-Only Financial Information

Parent Company-Only Financial Information

Intermountain Community Bancorp became the holding company for Panhandle State Bank on January 27, 1998. The following Intermountain Community Bancorp parent company-only financial information should be read in conjunction with the other notes to the consolidated financial statements. The accounting policies for the parent company-only financial statements are the same as those used in the presentation of the consolidated financial statements other than the parent company-only financial statements account for the parent company’s investments in its subsidiaries under the equity method (in thousands).

Condensed Balance Sheets	December 31,
	2012		2011
Assets:
Restricted and unrestricted cash	$	15,480	$	1,515
Investment in subsidiaries	121,786		85,280
Prepaid expenses and other assets	230		303
Total assets	$	137,496	$	87,098
Liabilities:
Other borrowings	$	16,527	$	16,527
Other liabilities	6,535		8,955
Total liabilities	23,062		25,482
Stockholders’ Equity	114,434		61,616
Total liabilities and stockholders’ equity	$	137,496	$	87,098

Condensed Statements of Operations and Comprehensive Income (Loss)	Years Ended December 31,
	2012			2011			2010
Interest income	$	—		$	—		$	1
Interest expense	(1,163		)	(851		)	(1,035		)
Net interest income (expense)	(1,163		)	(851		)	(1,034		)
Equity in net earnings (loss) of subsidiary	5,677			1,310			(30,267		)
Other income (expense)	(137		)	—			—
Operating expenses	(598		)	(456		)	(435		)
Net income (loss)	3,779			3			(31,736		)
Dividends declared on preferred shares	1,891			1,808			1,716
Net Income (loss) available to common stock	$	1,888		$	(1,805	)	$	(33,452	)
Comprehensive Income (loss)	$	4,937		$	3,601		$	(28,125	)

Condensed Statements of Cash Flows	Years Ended December 31,
	2012			2011			2010
Cash flows from operating activities:
Net income (loss)	$	3,779		$	3		$	(31,736	)
Equity income (loss) from subsidiary	(5,677		)	(1,310		)	30,267
Depreciation	—			—			—
Other	(132		)	659			828
Net cash used in operating activities	(2,030		)	(648		)	(641		)
Cash flows from investing activities:
Investments in and advances to subsidiaries	(30,000		)	—			—
Sale of premises and equipment	—			—			—
Purchase of office properties	—			—			—
Net cash provided by investing activities	(30,000		)	—			—
Cash flows from financing activities:
Proceeds from other borrowings	—			—			—
Proceeds from common stock issuance, net of expenses	21,614			—			—
Proceeds from preferred stock issuance, net of expenses	28,735			—			—
Cash dividends paid to preferred stockholders	(4,354		)	—			—
Net cash used in financing activities	45,995			—			—
Net change in cash and cash equivalents	13,965			(648		)	(641		)
Cash and cash equivalents, beginning of year	1,515			2,163			2,804
Cash and cash equivalents, end of year	$	15,480		$	1,515		$	2,163