Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Summary of Condensed Balance Sheets of Parent Company

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

Summary of Condensed Income Statements of Parent Company

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

Summary of Condensed Statements of Cash Flows of Parent Company

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