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PARENT COMPANY FINANCIAL DATA (Table)
12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Parent Company Condensed Balance Sheet
 
December 31,
2016
 
December 31,
2015
Assets:
 

 
 

Cash and due from banks
$
1,435

 
$
5,066

Investment securities available for sale
147

 
379

Investment in subsidiaries
1,109,634

 
619,144

Deferred tax asset, net

 

Other assets
108

 
2,660

Total assets
$
1,111,324

 
$
627,249

 
 
 
 
Liabilities and Shareholders' Equity:
 

 
 

Long-term debt
$
95,267

 
$
63,106

Accrued interest payable and other liabilities
1,826

 
1,594

Total liabilities
97,093

 
64,700

Total shareholders' equity before non-controlling interests
1,014,231

 
562,549

Total liabilities and shareholders' equity
$
1,111,324

 
$
627,249

Parent Company Condensed Statement of Operations
 
Year ended December 31,
 
2016
 
2015
 
2014
Income:
 
 
 
 
 
Dividends from subsidiaries
$
28,086

 
$
40,108

 
$
8,058

Other income
(7
)
 
105

 
54

Total income
28,079

 
40,213

 
8,112

Expense:
 
 
 
 
 
Interest expense
5,168

 
3,754

 
2,331

Other expenses
2,315

 
1,465

 
837

Total expenses
7,483

 
5,219

 
3,168

Income (loss) before income taxes and equity in undistributed earnings of subsidiaries
20,596

 
34,994

 
4,944

Income tax benefit
2,586

 
1,744

 
5,647

Income (loss) before equity in undistributed earnings of subsidiaries
23,182

 
36,738

 
10,591

Equity in undistributed earnings of subsidiaries
31,986

 
7,889

 
11,114

Net income
55,168

 
44,627

 
21,705

Dividends on preferred stock

 
822

 
1,269

Net income attributable to non-controlling interests

 

 
2,466

Net income available to common shareholders
$
55,168

 
$
43,805

 
$
17,970

Parent Company Condensed Statement of Cash Flows
 
Year ended December 31,
 
2016
 
2015
 
2014
Cash flows from operating activities:
 

 
 

 
 
Net income
$
55,168

 
$
44,627

 
$
21,705

Adjustments to reconcile net income to net cash provided by operating activities:
 

 
 

 
 
Deferred income taxes
(2,586
)
 
(1,744
)
 
(5,647
)
Equity in undistributed earnings of subsidiaries
(31,986
)
 
(7,889
)
 
(11,114
)
Loss on sale of assets
128

 

 

Net change in other assets
1,806

 
1,543

 
258

Net change in interest payable and other liabilities
(457
)
 
(524
)
 
(281
)
Other, net
1,446

 
791

 
419

Net cash provided by operating activities
23,519

 
36,804

 
5,340

 
 
 
 
 
 
Cash flows from investing activities:
 

 
 

 
 
Proceeds from sales of investment securities available for sale
244

 
640

 
13

Purchases of cash flow hedges

 

 
(1,278
)
Investment in subsidiaries

 

 
(323
)
Proceeds from repayment of investment in subsidiaries

 

 
6,014

Net cash from business combinations
4,569

 

 
4,388

Net cash provided by investing activities
4,813

 
640

 
8,814

 


 
 
 
 
Cash flows from financing activities:
 

 
 

 
 
Proceeds from exercise of stock options
2,451

 
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
(34,414
)
 
(7,144
)
 
(1,269
)
Net cash used in financing activities
(31,963
)
 
(35,203
)
 
(11,960
)
 
 
 
 
 
 
Net change in cash and cash equivalents
(3,631
)
 
2,241

 
2,194

Cash and cash equivalents, beginning of period
5,066

 
2,825

 
631

Cash and cash equivalents, end of period
$
1,435

 
$
5,066

 
$
2,825