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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