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Parent Company Condensed Financial Information (Tables)
12 Months Ended
Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets
 
 
 
 
2013
 
2012
Assets:
(Amounts in thousands)
Cash on deposit with bank subsidiary
$
1,889

 
$
5,212

Investment in subsidiary
215,562

 
199,680

Other investments
2,451

 
1,765

Other assets
108

 
351

Total
$
220,010

 
$
207,008

Liabilities and Shareholders' Equity:
 
 
 
Dividends payable
$
177

 
$
183

Other liabilities
35,363

 
36,031

Shareholders' equity
184,470

 
170,794

Total
$
220,010

 
$
207,008

Condensed Results of Operations
Condensed Results of Operations
 
 
 
 
 
 
2013
 
2012
 
2011
Equity in earnings of subsidiary bank:
(Amounts in thousands)
Undistributed earnings (loss)
$
19,840

 
$
(7,684
)
 
$
(13,511
)
Income (expenses), net
(1,014
)
 
(990
)
 
(884
)
Net income (loss)
18,826

 
(8,674
)
 
(14,395
)
Preferred stock dividend and accretion of preferred stock discount
1,877

 
3,911

 
2,987

Net income (loss) to common shareholders
$
16,949

 
$
(12,585
)
 
$
(17,382
)
Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
 
 
 
 
 
2013
 
2012
 
2011
Cash flows from operating activities:
 (Amounts in thousands)
Net loss from continuing operations
$
18,826

 
$
(8,674
)
 
$
(14,395
)
Adjustments to reconcile net loss to net cash from operating activities:

 

 

Equity (loss) in undistributed earnings of subsidiaries
(19,840
)
 
7,684

 
13,511

Other-than-temporary impairment of investments
39

 
50

 
116

Loss on sale of other investments

 

 
80

Change in other assets
243

 
(18
)
 
315

Change in other liabilities
(851
)
 
113

 
270

Net cash used in operating activities
(1,583
)
 
(845
)
 
(103
)
Cash flows from investing activities:
 
 
 
 
 
Purchase of investments
(267
)
 

 
(250
)
Maturities, call and repayments of investments

 
99

 
55

Proceeds from sale of other investments

 

 
460

Additional investment in bank subsidiary

 
(37,000
)
 

Net cash provided by (used in) investing activities
(267
)
 
(36,901
)
 
265

Cash flows from financing activities:
 
 
 
 
 
Issuance of preferred stock

 
40,592

 

Issuance of common stock

 

 
6,402

Dividends paid
(1,414
)
 
(4,431
)
 
(616
)
Payment of fractional shares in the 1-for-3 stock split
(39
)
 

 

Repurchase and cancellations of warrants
(20
)
 

 

Net cash provided by (used in) financing activities
(1,473
)
 
36,161

 
5,786

Net increase (decrease) in cash
(3,323
)
 
(1,585
)
 
5,948

Cash at beginning of year
5,212

 
6,797

 
849

Cash at end of year
$
1,889

 
$
5,212

 
$
6,797