Condensed Financial Statements of Parent Company

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY

Following are the condensed balance sheets of Customers Bancorp, Inc. as of December 31, 2014 and 2013 and the income statements and statements of cash flows for each of the three years ending December 31, 2014, 2013 and 2012:

Balance Sheets

	December 31,
	2014		2013
(amounts in thousands)
Assets
Cash in subsidiary bank	$	16,465	$	13,254
Investment securities available for sale, at fair value	5		5
Investments in and receivables due from subsidiaries	509,465		432,064
Other assets	6,678		5,044
Total assets	$	532,613	$	450,367
Liabilities and Shareholders’ equity
Borrowings	88,250		63,250
Other liabilities	1,218		494
Total liabilities	89,468		63,744
Shareholders’ equity	443,145		386,623
Total Liabilities and Shareholders’ Equity	$	532,613	$	450,367

Income Statements

	Year Ended December 31,
	2014			2013			2012
(amounts in thousands)
Operating income:
Other	$	90		$	758		$	—
Total operating income	90			758			—
Operating expense:
Interest	5,251			1,923			—
Other	5,611			3,395			2,708
Total operating expense	10,862			5,318			2,708
Loss before taxes and undistributed income of subsidiaries	(10,772		)	(4,560		)	(2,708		)
Income tax benefit	3,797			1,596			948
Loss before undistributed income of subsidiaries	(6,975		)	(2,964		)	(1,760		)
Equity in undistributed income of subsidiaries	50,189			35,658			25,578
Net income	$	43,214		$	32,694		$	23,818

Statements of Cash Flows

	Year Ended December 31,
	2014			2013			2012
(amounts in thousands)
Cash Flows from Operating Activities:
Net income	$	43,214		$	32,694		$	23,818
Adjustments to reconcile net income to net cash used in operating activities:
Equity in undistributed earnings of subsidiaries	(50,189		)	(35,658		)	(25,578		)
Increase in other assets	(1,354		)	(1,465		)	(12		)
Increase (decrease) in other liabilities	1,497			(281		)	372
Net Cash Used in Operating Activities	(6,832		)	(4,710		)	(1,400		)
Cash Flows from Investing Activities:
Purchases of investment securities available for sale	—			—			(6		)
Payments for investments in and advances to subsidiaries	(15,032		)	(177,068		)	(53,500		)
Net Cash Used in Investing Activities	(15,032		)	(177,068		)	(53,506		)
Cash Flows from Financing Activities:
Proceeds from issuance of common stock	77			97,507			94,586
Proceeds from issuance of long-term debt	25,000			60,336			—
Exercise and redemption of warrants	6			264			—
Payments on partial shares for stock dividend	(8		)	—			—
Purchase of treasury stock	—			(7,754		)	—
Net Cash Provided by Financing Activities	25,075			150,353			94,586
Net Increase (Decrease) in Cash and Cash Equivalents	3,211			(31,425		)	39,680
Cash and Cash Equivalents – Beginning	13,254			44,679			4,999
Cash and Cash Equivalents – Ending	$	16,465		$	13,254		$	44,679