Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule Of Balance Sheet

Balance Sheets

	December 31,
(in thousands)	2013		2012
Assets
Cash and due from banks	$	23,990	$	3,709
Goodwill		841		841
Investments in subsidiaries		355,068		260,618
Other assets		2,123		3,157
Total assets	$	382,022	$	268,325
Liabilities and shareholders’ equity
Long-term borrowings	$	110	$	20,220
Other liabilities		53		4
Total liabilities		163		20,224
Total shareholders’ equity		381,859		248,101
Total liabilities and shareholders’ equity	$	382,022	$	268,325

Schedule Of Statement of Income

Statements of Income

	Year Ended December 31,
(in thousands)	2013			2012			2011
Operating income
Interest income	$	—		$	—		$	—
Dividend from bank subsidary		2,000			—			—
Total operating income		2,000			—			—
Operating expense
Interest expense		424			11			14
Other expense		856			431			188
Total operating expense		1,280			442			202
Income (loss) before income tax benefit and increase in equity in undistributed earnings of subsidiaries		720			(442	)		(202	)
Income tax benefit		(448	)		(155	)		(71	)
Income (loss) before equity in undistributed earnings of subsidiaries		1,168			(287	)		(131	)
Equity in undistributed earnings of subsidiaries		39,743			29,227			19,571
Net income		40,911			28,940			19,440
Preferred stock dividends and discount accretion		(347	)		(510	)		(1,372	)
Income available to common shareholders	$	40,564		$	28,430		$	18,068

Schedule Of Statement of Cash Flow

Statements of Cash Flows

	Year Ended December 31,
(in thousands)	2013			2012			2011
Operating activities
Net income	$	40,911		$	28,940		$	19,440
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net income of subsidiaries		(39,743	)		(29,227	)		(19,571	)
Deferred tax benefit		(448	)		(155	)		(71	)
Stock compensation		1,155			97			715
Changes in operating assets and liabilities:
Change in other assets		1,481			(1,989	)		(762	)
Change in other liabilities		50			—			3
Net cash provided by (used in) operating activities		3,406			(2,334	)		(246	)
Investing activities
Capital contributed to subsidiary, net		(67,000	)		(16,600	)		(67,508	)
Net cash used in investing activities		(67,000	)		(16,600	)		(67,508	)
Financing activities
Proceeds from long-term borrowings		—			20,000			—
Repayment of borrowings		(20,110	)		(110	)		(110	)
Repayment of preferred stock		—			—			(18,685	)
Proceeds from sale of preferred stock, net of offering costs		—			—			58,518
Proceeds from sale of common stock, net of offering costs		104,332			1,420			30,430
Dividends paid		(347	)		(510	)		(792	)
Net cash provided by financing activities		83,875			20,800			69,361
Net change in cash, due from banks, and short-term investments		20,281			1,866			1,607
Cash, due from banks, and short-term investments at beginning of period		3,709			1,843			236
Cash, due from banks, and short-term investments at end of period	$	23,990		$	3,709		$	1,843