Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only Financial Statements

Note 24 Parent Company Only Financial Statements

Parent company only financial information for National Bank Holdings Corporation is summarized as follows:

Condensed Statements of Financial Condition

	December 31, 2016		December 31, 2015
ASSETS
Cash and cash equivalents	$	64,691	$	15,739
Investment in subsidiaries		455,120		586,942
Other assets		16,996		15,415
Total assets	$	536,807	$	618,096
LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities	$	618	$	552
Total liabilities		618		552
Stockholders’ equity		536,189		617,544
Total liabilities and stockholders’ equity	$	536,807	$	618,096

Condensed Statements of Operations

	For the years ended December 31,
	2016		2015		2014
Income
Interest income	$	24	$	—	$	2
Undistributed equity from subsidiaries		(129,956)		(74,131)		11,712
Distributions from subsidiaries		155,353		86,000		—
Other income		—		1,048		—
Total income		25,421		12,917		11,714
Expenses
Salaries and benefits		3,529		3,349		3,572
Other expenses		3,578		3,597		751
Total expenses		7,107		6,946		4,323
Income before income taxes		18,314		5,971		7,391
Income tax (benefit) expense		(4,746)		1,090		(1,785)
Net income	$	23,060	$	4,881	$	9,176

Condensed Statements of Cash Flows

	For the years ended December 31,
	2016		2015		2014
Cash flows from operating activities:
Net income	$	23,060	$	4,881	$	9,176
Undistributed equity from subsidiaries		(25,388)		(11,869)		(11,712)
Stock-based compensation expense		3,492		3,349		3,572
Net excess tax (benefit) deficit on stock-based compensation		(2,078)		3,677		15
Other		418		(1,042)		(2,333)
Net cash used in operating activities		(496)		(1,004)		(1,282)
Cash flows from investing activities:
Outlay for business combinations		—		(9,482)		—
Dividend payment from subsidiary equity		15,353		—		—
Return of capital from investments in subsidiaries		140,000		86,000		—
Net cash provided by investing activities		155,353		76,518		—
Cash flows from financing activities:
Issuance of stock under purchase and equity compensation plans		(6,201)		(952)		(576)
Proceeds from exercise of stock options		—		160		—
Settlement of warrants		—		(368)		—
Payment of dividends		(6,131)		(6,711)		(8,476)
Repurchase of shares		(93,573)		(175,048)		(119,370)
Net cash used in financing activities		(105,905)		(182,919)		(128,422)
Net increase (decrease) in cash and cash equivalents		48,952		(107,405)		(129,704)
Cash and cash equivalents at beginning of the year		15,739		123,144		252,848
Cash and cash equivalents at end of the year	$	64,691	$	15,739	$	123,144