Parent Company Financial Statements

12 Months Ended

Dec. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Financial Statements

NOTE 26. PARENT COMPANY FINANCIAL STATEMENTS

Condensed Balance Sheets

Year ended December 31,

(Dollars in thousands)	2013		2012
ASSETS
Cash	$	1,201	$	1,735
Investment in:
Bank subsidiary		113,479		120,711
Nonbank subsidiaries		465		465
Promissory note receivable- Mortgage Company		2,607		3,592
Other assets		15		5
Total assets	$	117,767	$	126,508
LIABILITIES AND SHAREHOLDERS EQUITY
Junior subordinated debentures	$	15,465	$	15,465
Other liabilities		515		722
Total liabilities		15,980		16,187
Shareholders’ equity		101,787		110,321
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	$	117,767	$	126,508

Condensed Statements of Operations

Year Ended December 31,

(Dollars in thousands)	2013			2012		2011
INCOME
Other income	$	257		$	91	$	206
Dividends from subsidiaries		12,224			6,285		0
Total income		12,481			6,376		206
EXPENSES
Management fees paid to subsidiaries		253			257		438
Other expenses		679			748		586
Total expenses		932			1,005		1,024
Income (loss) before income taxes and equity in undistributed net income of subsidiaries		11,548			5,371		(818	)
Income tax expense		1			1		1
Income before equity in undistributed net income of subsidiaries		11,549			5,370		(819	)
Equity in undistributed net income of subsidiaries		(3,613	)		2,190		7,503
Net income from continuing operations	$	7,935		$	7,560	$	6,684
Net income from discontinued operations (net of tax $331 and $392 for 2012, and 2011 respectively)		0			204		1,120
Less: Net income (loss) from discontinued operations attributable to noncontrolling interest		0			348		549
Net income attributable to Bank of Commerce Holdings	$	7,935		$	7,416	$	7,255
Less: Preferred dividends and accretion on preferred stock		200			880		943
Income available to common shareholders	$	7,735		$	6,536	$	6,312

Condensed Statements of Cash Flows

Year Ended December 31,

(Dollars in thousands)	2013			2012			2011
OPERATING ACTIVITIES:
Net income from continuing operations	$	7,935		$	7,560		$	6,684
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses		0			0			(39	)
Compensation associated with stock options		1			(1	)		25
Other Assets		(257	)		378			(6	)
Other Liabilities		0			(824	)		(144	)
Equity in undistributed net income of subsidiaries		3,613			(2,190	)		(7,503	)
Net cash provided (used) by operating activities		11,292			4,923			(983	)
INVESTING ACTIVITIES:
Payments for investments in and advances to subsidiaries		0			0			(2,700	)
Repayments for investments in and advances to subsidiaries		0			0			700
Promissory note repayments		1,230			410			0
Participation loan payments		0			0			2,289
Proceeds from sale of mortgage subsidiary		0			321			0
Net cash provided (used) by investing activities		1,230			731			289
FINANCIAL ACTIVITIES:
Proceeds from the issuance of Series B, preferred stock, net		0			0			19,931
Retirement of Series A, preferred stock		0			0			(17,000	)
Proceeds from stock options exercised		16			0			0
Repurchase of common stock		(10,614	)		(4,305	)		0
Common stock warrant repurchased		0			0			(125	)
Cash dividends paid on common stock		(2,111	)		(1,988	)		(2,039	)
Cash dividends paid on preferred stock		(347	)		(945	)		(998	)
Net cash (used) provided by financing activities		(13,056	)		(7,240	)		(231	)
Changes in cash and cash equivalents		(534	)		(1,586	)		(925	)
Cash and cash equivalents, beginning of year		1,735			3,321			4,246
Cash and cash equivalents, end of year	$	1,201		$	1,735		$	3,321