XML 75 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income from continuing operations $ 5,727us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $ 7,935us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $ 7,560us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan and lease losses 3,175us-gaap_ProvisionForLoanAndLeaseLosses 2,750us-gaap_ProvisionForLoanAndLeaseLosses 9,400us-gaap_ProvisionForLoanAndLeaseLosses
Provision for unfunded commitments   200boch_ProvisionForOffBalanceSheetReserve 150boch_ProvisionForOffBalanceSheetReserve
Provision for depreciation and amortization 1,320us-gaap_DepreciationAndAmortization 993us-gaap_DepreciationAndAmortization 874us-gaap_DepreciationAndAmortization
Compensation expense associated with stock options 60us-gaap_ShareBasedCompensation 31us-gaap_ShareBasedCompensation 61us-gaap_ShareBasedCompensation
Gross proceeds from sales of loans held-for-sale, carried at cost     437,940us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale
Gross originations of loans held-for-sale, carried at cost     (410,699)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale
Net loss (gain) on sale of securities available-for-sale 159us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet (995)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet (3,822)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Amortization of investment premiums and accretion of discounts, net 1,662us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 1,153us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 321us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Amortization of held-to-maturity fair value adjustments (155)boch_AmortizationOfHeldToMaturityFairValueAdjustment (155)boch_AmortizationOfHeldToMaturityFairValueAdjustment (65)boch_AmortizationOfHeldToMaturityFairValueAdjustment
Loss on sale of other real estate owned 8us-gaap_GainsLossesOnSalesOfOtherRealEstate 130us-gaap_GainsLossesOnSalesOfOtherRealEstate 1,096us-gaap_GainsLossesOnSalesOfOtherRealEstate
Write down of other real estate owned 290boch_WriteDownOfOtherRealEstateOwned   425boch_WriteDownOfOtherRealEstateOwned
Gain on sale of fixed assets 7us-gaap_GainLossOnSaleOfPropertyPlantEquipment 6us-gaap_GainLossOnSaleOfPropertyPlantEquipment 4us-gaap_GainLossOnSaleOfPropertyPlantEquipment
(Gain) on repayment of junior subordinated debentures (406)us-gaap_GainsLossesOnExtinguishmentOfDebt    
(Increase) in deferred income taxes (191)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (1,130)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (2,143)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
(Increase) in cash surrender value of life insurance (628)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (709)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (384)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue
(Increase) decrease in other assets (946)us-gaap_IncreaseDecreaseInOtherOperatingAssets (5,145)us-gaap_IncreaseDecreaseInOtherOperatingAssets (495)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in deferred compensation 1,388us-gaap_IncreaseDecreaseInDeferredCompensation (115)us-gaap_IncreaseDecreaseInDeferredCompensation 566us-gaap_IncreaseDecreaseInDeferredCompensation
Decrease (increase) in deferred loan fees 146us-gaap_IncreaseDecreaseInLoansDeferredIncome 9us-gaap_IncreaseDecreaseInLoansDeferredIncome (275)us-gaap_IncreaseDecreaseInLoansDeferredIncome
Increase in other liabilities 2,398us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 4,970us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 120us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Decrease in assets from discontinued operations     16,453boch_IncreaseDecreaseInAssetsFromDiscontinuedOperations
Decrease in liabilities and equity from discontinued operations     (12,408)boch_IncreaseDecreaseInLiabilitiesFromDiscontinuedOperations
Net cash provided by operating activities 14,014us-gaap_NetCashProvidedByUsedInOperatingActivities 9,928us-gaap_NetCashProvidedByUsedInOperatingActivities 44,679us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Proceeds from maturities and payments of available-for-sale securities 20,248us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 12,059us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 24,907us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Proceeds from sale of available-for-sale securities 93,545us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 103,303us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 112,149us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Purchases of available-for-sale securities (79,852)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (141,573)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (143,990)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from maturities and payments of held-to-maturity securities 311us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 57us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities  
Purchases of held-to-maturity securities (244)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (5,151)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (12,653)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Loan (originations), net of principal repayments (9,449)us-gaap_PaymentsForProceedsFromLoansAndLeases 64,790us-gaap_PaymentsForProceedsFromLoansAndLeases (67,560)us-gaap_PaymentsForProceedsFromLoansAndLeases
Purchase of loan pools (60,670)us-gaap_PaymentsForProceedsFromOtherLoansAndLeases    
Cash paid for low income housing investments (2,371)boch_PaymentToQualifiedAffordableHousingProjectInvestments    
Net purchase of Federal Home Loan Bank of San Francisco stock (1,198)us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock    
Purchase of premises and equipment, net (2,729)us-gaap_PaymentsForProceedsFromProductiveAssets (2,156)us-gaap_PaymentsForProceedsFromProductiveAssets (1,313)us-gaap_PaymentsForProceedsFromProductiveAssets
Proceeds from the sale of other real estate owned 802us-gaap_ProceedsFromSaleOfOtherRealEstate 3,603us-gaap_ProceedsFromSaleOfOtherRealEstate 5,387us-gaap_ProceedsFromSaleOfOtherRealEstate
Proceeds from settlement of note to former mortgage subsidiary 686us-gaap_ProceedsFromCollectionOfNotesReceivable    
Purchase of life insurance (5,000)us-gaap_PaymentsToAcquireLifeInsurancePolicies   (5,000)us-gaap_PaymentsToAcquireLifeInsurancePolicies
Payments to derivative counterparties for the termination of interest rate swaps   (503)us-gaap_PaymentsForHedgeInvestingActivities  
Proceeds from sale of mortgage subsidiary     321us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested
Net cash (used in) provided by investing activities (45,921)us-gaap_NetCashProvidedByUsedInInvestingActivities 34,429us-gaap_NetCashProvidedByUsedInInvestingActivities (87,752)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Net increase in demand deposits and savings accounts 46,470us-gaap_IncreaseDecreaseInOtherDeposits 51,386us-gaap_IncreaseDecreaseInOtherDeposits 60,944us-gaap_IncreaseDecreaseInOtherDeposits
Net (decrease) in certificates of deposit (3,728)us-gaap_IncreaseDecreaseInTimeDeposits (6,145)us-gaap_IncreaseDecreaseInTimeDeposits (28,196)us-gaap_IncreaseDecreaseInTimeDeposits
Net decrease in securities sold under agreements to repurchase   (13,095)us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase (684)us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
Advances on term debt 250,000us-gaap_ProceedsFromIssuanceOfDebt 900,000us-gaap_ProceedsFromIssuanceOfDebt 659,000us-gaap_ProceedsFromIssuanceOfDebt
Repayment of term debt (250,000)us-gaap_RepaymentsOfDebt (950,000)us-gaap_RepaymentsOfDebt (643,000)us-gaap_RepaymentsOfDebt
Repayment of subordinated debentures (4,629)us-gaap_RepaymentsOfSubordinatedDebt    
Repurchase of common stock (4,562)us-gaap_PaymentsForRepurchaseOfCommonStock (10,614)us-gaap_PaymentsForRepurchaseOfCommonStock (4,305)us-gaap_PaymentsForRepurchaseOfCommonStock
Cash dividends paid on common stock (1,626)us-gaap_PaymentsOfDividendsCommonStock (2,111)us-gaap_PaymentsOfDividendsCommonStock (1,988)us-gaap_PaymentsOfDividendsCommonStock
Cash dividends paid on preferred stock (200)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (347)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (945)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Proceeds from stock options exercised 23us-gaap_ProceedsFromStockOptionsExercised 16us-gaap_ProceedsFromStockOptionsExercised  
Stock issued under employee and director stock purchase plan 66us-gaap_ProceedsFromStockPlans    
Net cash provided by (used in) financing activities 31,814us-gaap_NetCashProvidedByUsedInFinancingActivities (30,910)us-gaap_NetCashProvidedByUsedInFinancingActivities 40,826us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase cash and cash equivalents (93)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 13,447us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (2,247)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 58,515us-gaap_CashAndCashEquivalentsAtCarryingValue 45,068us-gaap_CashAndCashEquivalentsAtCarryingValue 47,315us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 58,422us-gaap_CashAndCashEquivalentsAtCarryingValue 58,515us-gaap_CashAndCashEquivalentsAtCarryingValue 45,068us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow activity:      
Income taxes 419us-gaap_IncomeTaxesPaid 7,859us-gaap_IncomeTaxesPaid 5,563us-gaap_IncomeTaxesPaid
Interest 4,192us-gaap_InterestPaid 4,123us-gaap_InterestPaid 6,868us-gaap_InterestPaid
Supplemental disclosures of non cash investing activities:      
Transfer of loans to other real estate owned 689us-gaap_TransferOfOtherRealEstate 1,585us-gaap_TransferOfOtherRealEstate 6,238us-gaap_TransferOfOtherRealEstate
Changes in unrealized gain on investment securities available-for-sale 6,307boch_ChangesInUnrealizedLossGainOnInvestmentSecuritiesAvailableForSale (6,648)boch_ChangesInUnrealizedLossGainOnInvestmentSecuritiesAvailableForSale 1,586boch_ChangesInUnrealizedLossGainOnInvestmentSecuritiesAvailableForSale
Changes in net deferred tax asset related to changes in unrealized gain on investment securities (2,596)boch_ChangesInDeferredTaxAssetRelatedToChangesInUnrealizedLossGainOnInvestmentSecurities 2,739boch_ChangesInDeferredTaxAssetRelatedToChangesInUnrealizedLossGainOnInvestmentSecurities (653)boch_ChangesInDeferredTaxAssetRelatedToChangesInUnrealizedLossGainOnInvestmentSecurities
Changes in accumulated other comprehensive income due to changes in unrealized (loss) gain on investment securities 3,711boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToChangesInUnrealizedLossGainOnInvestmentSecurities (3,909)boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToChangesInUnrealizedLossGainOnInvestmentSecurities 933boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToChangesInUnrealizedLossGainOnInvestmentSecurities
Changes in unrealized (gain) loss on derivatives (333)boch_ChangesInUnrealizedLossOnDerivatives 691boch_ChangesInUnrealizedLossOnDerivatives (2,489)boch_ChangesInUnrealizedLossOnDerivatives
Changes in net deferred tax asset related to changes in unrealized loss on derivatives 136boch_ChangesInDeferredTaxAssetRelatedToChangesInUnrealizedGainOnInvestmentSecurities (284)boch_ChangesInDeferredTaxAssetRelatedToChangesInUnrealizedGainOnInvestmentSecurities 1,024boch_ChangesInDeferredTaxAssetRelatedToChangesInUnrealizedGainOnInvestmentSecurities
Changes in accumulated other comprehensive income due to changes in unrealized gain (loss) on derivatives (197)boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToChangesInUnrealizedLossOnDerivatives 407boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToChangesInUnrealizedLossOnDerivatives (1,465)boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToChangesInUnrealizedLossOnDerivatives
Reclassification of earnings from gains on derivatives (1,900)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet (304)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet (500)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
Changes in net deferred tax asset related to reclassification of earnings from gains on derivatives 782boch_DeferredTaxAssetReclassificationAdjustmentOnEarningsFromGainsOnDerivatives 247boch_DeferredTaxAssetReclassificationAdjustmentOnEarningsFromGainsOnDerivatives 208boch_DeferredTaxAssetReclassificationAdjustmentOnEarningsFromGainsOnDerivatives
Changes in accumulated other comprehensive income due to reclassification of earnings from gain on derivatives (1,118)boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToReclassificationOfEarningFromGainOnDerivatives (57)boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToReclassificationOfEarningFromGainOnDerivatives (292)boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToReclassificationOfEarningFromGainOnDerivatives
Reclassification of fair value adjustment to investment securities held-to-maturity     839boch_ReclassificationOfHeldToMaturitySecuritiesFairValueAdjustment
Accretion of held-to-maturity from other comprehensive income to interest income (155)us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax (155)us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax (65)us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
Changes in deferred tax related to accretion of held-to-maturity investment securities 64us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesTax 64us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesTax 27us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesTax
Changes in deferred tax asset related to reclassification of fair value adjustment to investment securities held-to-maturity     (345)boch_DeferredTaxAssetReclassificationFairValueAdjustmentHeldToMaturitySecurities
Changes in accumulated other comprehensive income due to reclassification adjustment to investments held-to-maturity (91)boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToReclassificationToInvestmentHeldToMaturity (91)boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToReclassificationToInvestmentHeldToMaturity 456boch_ChangesInAccumulatedOtherComprehensiveIncomeDueToReclassificationToInvestmentHeldToMaturity
Reclassification of securities available-for-sale to held-to-maturity     18,797boch_ReclassificationFromSecuritiesAvailableFromSaleToHeldToMaturity
Supplemental disclosures of non cash financing activities:      
Dividend payable 449us-gaap_DividendsPayableCurrentAndNoncurrent 469us-gaap_DividendsPayableCurrentAndNoncurrent  
Common Stock [Member]      
Supplemental disclosures of non cash financing activities:      
Dividend payable 399us-gaap_DividendsPayableCurrentAndNoncurrent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
419us-gaap_DividendsPayableCurrentAndNoncurrent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
479us-gaap_DividendsPayableCurrentAndNoncurrent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
Preferred Stock [Member]      
Supplemental disclosures of non cash financing activities:      
Dividend payable $ 50us-gaap_DividendsPayableCurrentAndNoncurrent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
$ 50us-gaap_DividendsPayableCurrentAndNoncurrent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
$ 196us-gaap_DividendsPayableCurrentAndNoncurrent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember