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PARENT COMPANY FINANCIAL DATA (Table)
12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Parent Company Condensed Balance Sheet
 
December 31,
2014
 
December 31,
2013
Assets:
 

 
 

Cash and due from banks
$
2,825

 
$
631

Investment securities available for sale
1,069

 

Investment in subsidiaries
615,570

 
140,233

Deferred tax asset, net
650

 

Other assets
2,286

 
19

Total assets
$
622,400

 
$
140,883

 
 
 
 
Liabilities and Shareholders' Equity:
 

 
 

Long-term debt
$
62,481

 
$

Accrued interest payable and other liabilities
2,117

 
83

Total liabilities
64,598

 
83

Total shareholders' equity before non-controlling interests
557,802

 
140,800

Total liabilities and shareholders' equity
$
622,400

 
$
140,883

Parent Company Condensed Statement of Operations
 
Year ended December 31,
 
2014
 
2013
 
2012
Income:
 
 
 
 
 
Dividends from subsidiaries
$
8,058

 
$

 
$

Other income
54

 

 

Total income
8,112

 

 

Expense:
 
 
 
 
 
Interest expense
2,331

 

 

Other expenses
837

 
1,247

 
3,939

Total expenses
3,168

 
1,247

 
3,939

Income (loss) before income taxes and equity in undistributed earnings of subsidiaries
4,944

 
(1,247
)
 
(3,939
)
Income tax benefit
5,647

 

 

Income (loss) before equity in undistributed earnings of subsidiaries
10,591

 
(1,247
)
 
(3,939
)
Equity in undistributed earnings of subsidiaries
11,114

 
7,120

 
4,727

Net income
21,705

 
5,873

 
788

Dividends on preferred stock
1,269

 

 

Net income attributable to non-controlling interests
2,466

 
3,470

 
1,935

Net income available to common shareholders
$
17,970

 
$
2,403

 
$
(1,147
)
Parent Company Condensed Statement of Cash Flows
 
Year ended December 31,
 
2014
 
2013
 
2012
Cash flows from operating activities:
 

 
 

 
 
Net income
$
21,705

 
$
5,873

 
$
788

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
 

 
 

 
 
Deferred income taxes
(5,647
)
 

 

Equity in undistributed earnings of subsidiaries
(11,114
)
 
(7,120
)
 
(4,727
)
Net change in other assets
258

 
346

 
(343
)
Net change in interest payable and other liabilities
(281
)
 
(801
)
 
398

Other, net
419

 
280

 
1,412

Net cash provided by (used) in operating activities
5,340

 
(1,422
)
 
(2,472
)
 
 
 
 
 
 
Cash flows from investing activities:
 

 
 

 
 
Proceeds from sales of investment securities available for sale
13

 

 

Purchases of cash flow hedges
(1,278
)
 

 

Investment in subsidiaries
(323
)
 

 
(9,905
)
Proceeds from repayment of investment in subsidiaries
6,014

 
2,000

 

Proceeds from sale of fixed assets to subsidiary

 

 
300

Net cash from business combinations
4,388

 

 

Net cash provided by (used in) investing activities
8,814

 
2,000

 
(9,605
)
 


 
 
 
 
Cash flows from financing activities:
 

 
 

 
 
Proceeds from exercise of stock options
5

 

 

Repurchase of common stock
(886
)
 

 

Distribution to legacy shareholders of Piedmont Community Bank Holdings, Inc.
(9,810
)
 

 

Dividends paid on preferred stock
(1,269
)
 

 

Other, net

 

 
(63
)
Net cash used in financing activities
(11,960
)
 

 
(63
)
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
2,194

 
578

 
(12,140
)
Cash and cash equivalents, beginning
631

 
53

 
12,193

Cash and cash equivalents, ending
$
2,825

 
$
631

 
$
53