PARENT COMPANY FINANCIAL DATA

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

The tables below present the parent company condensed balance sheets, statements of operations, and statements of cash flows for the periods indicated. Yadkin Financial Corporation is the parent company for its primary operating subsidiary, Yadkin Bank. For periods prior to the 2014 Mergers, parent company disclosures relate to Piedmont, the accounting acquirer in the 2014 Mergers.

Parent Company

Condensed Balance Sheets



	December 31, 2015		December 31, 2014
Assets:
Cash and due from banks	$	5,066	$	2,825
Investment securities available for sale	379		1,069
Investment in subsidiaries	619,144		615,570
Deferred tax asset, net	—		650
Other assets	2,660		2,286
Total assets	$	627,249	$	622,400

Liabilities and Shareholders' Equity:
Long-term debt	$	63,106	$	62,481
Accrued interest payable and other liabilities	1,594		2,117
Total liabilities	64,700		64,598
Total shareholders' equity before non-controlling interests	562,549		557,802
Total liabilities and shareholders' equity	$	627,249	$	622,400

Parent Company

Condensed Statements of Operations



	Year ended December 31,
	2015		2014		2013
Income:
Dividends from subsidiaries	$	40,108	$	8,058	$	—
Other income	105		54		—
Total income	40,213		8,112		—
Expense:
Interest expense	3,754		2,331		—
Other expenses	1,465		837		1,247
Total expenses	5,219		3,168		1,247
Income (loss) before income taxes and equity in undistributed earnings of subsidiaries	34,994		4,944		(1,247		)
Income tax benefit	1,744		5,647		—
Income (loss) before equity in undistributed earnings of subsidiaries	36,738		10,591		(1,247		)
Equity in undistributed earnings of subsidiaries	7,889		11,114		7,120
Net income	44,627		21,705		5,873
Dividends on preferred stock	822		1,269		—
Net income attributable to non-controlling interests	—		2,466		3,470
Net income available to common shareholders	$	43,805	$	17,970	$	2,403

Parent Company

Condensed Statements of Cash Flows



	Year ended December 31,
	2015			2014			2013
Cash flows from operating activities:
Net income	$	44,627		$	21,705		$	5,873
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Deferred income taxes	(1,744		)	(5,647		)	—
Equity in undistributed earnings of subsidiaries	(7,889		)	(11,114		)	(7,120		)
Net change in other assets	1,543			258			346
Net change in interest payable and other liabilities	(524		)	(281		)	(801		)
Other, net	791			419			280
Net cash provided by (used in) operating activities	36,804			5,340			(1,422		)

Cash flows from investing activities:
Proceeds from sales of investment securities available for sale	640			13			—
Purchases of cash flow hedges	—			(1,278		)	—
Investment in subsidiaries	—			(323		)	—
Proceeds from repayment of investment in subsidiaries	—			6,014			2,000
Net cash from business combinations	—			4,388			—
Net cash provided by investing activities	640			8,814			2,000

Cash flows from financing activities:
Proceeds from exercise of stock options	346			5			—
Repurchase of common stock	—			(886		)	—
Repurchase of preferred stock	(28,405		)	—			—
Distribution to legacy shareholders of Piedmont Community Bank Holdings, Inc.	—			(9,810		)	—
Dividends paid on preferred and common stock	(7,144		)	(1,269		)	—
Net cash used in financing activities	(35,203		)	(11,960		)	—

Net change in cash and cash equivalents	2,241			2,194			578
Cash and cash equivalents, beginning of period	2,825			631			53
Cash and cash equivalents, end of period	$	5,066		$	2,825		$	631