XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and due from banks $ 59,837 $ 29,081 [1]
Interest-earning deposits with banks 31,223 71,699 [1]
Federal funds sold 15 0 [1]
Investment securities available for sale, at fair value 694,993 404,388 [1]
Investment securities held to maturity 39,728 500 [1]
Loans held for sale 26,853 8,663 [1]
Loans 2,827,426 1,392,833 [1]
Allowance for loan losses (7,641) (7,043) [1]
Net loans 2,819,785 1,385,790
Federal Home Loan Bank stock, at cost 19,320 8,929 [1]
Premises and equipment, net 81,554 44,875 [1]
Bank-owned life insurance 76,500 33,148 [1]
Foreclosed assets 11,078 10,518 [1]
Deferred tax asset, net 72,919 54,867 [1]
Goodwill 150,426 26,254 [1]
Other intangible assets, net 17,217 5,883 [1]
Accrued interest receivable and other assets 77,147 38,118 [1]
Total assets 4,178,595 2,122,713 [1]
Liabilities    
Non-interest demand 657,554 217,581 [1]
Interest-bearing demand 439,117 351,921 [1]
Money market and savings 970,571 467,814 [1]
Time 1,117,697 634,915 [1]
Total deposits 3,184,939 1,672,231
Short-term borrowings 216,500 126,500 [1]
Long-term debt 210,154 72,921 [1]
Accrued interest payable and other liabilities 24,672 13,002 [1]
Total liabilities 3,636,265 1,884,654 [1]
Shareholders’ Equity    
Preferred stock, no par value, 1,000,000 shares authorized, 28,405 shares issued and outstanding at September 30, 2014 28,405 0 [1]
Common stock, $1.00 par value, 75,000,000 shares authorized; 31,598,907 and 9,219,406 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively 31,599 9,219 [1]
Common stock warrants 717 0 [1]
Additional paid-in capital 491,864 144,964 [1]
Accumulated deficit (7,361) (10,659) [1]
Accumulated other comprehensive loss (2,894) (2,725) [1]
Stockholders' Equity Attributable to Parent 542,330 140,799 [1]
Non-controlling interests 0 97,260
Total shareholders' equity 542,330 238,059 [1]
Total liabilities and shareholders' equity $ 4,178,595 $ 2,122,713 [1]
[1] Derived from the audited consolidated financial statements of Piedmont Community Bank Holdings, Inc., which was the Company's accounting predecessor.