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Condensed Financial Information of Fidelity Southern Corporation (Parent Company Only) (Tables)
12 Months Ended
Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
Financial information pertaining only to Fidelity Southern Corporation is as follows:
Condensed Balance Sheets
 
 
December 31,
(in thousands)
 
2017
 
2016
Assets
 
 
 
 
Cash held at bank subsidiary
 
$
9,121

 
$
6,659

Land
 
109

 
109

Investment in bank subsidiary
 
423,034

 
386,444

Investments in and amounts due from non-bank subsidiaries
 
2,121

 
3,124

Subordinated loan to bank subsidiary
 
10,000

 
10,000

Other assets
 
3,689

 
2,829

Total assets
 
$
448,074

 
$
409,165

 
 
 
 
 
Liabilities
 
 
 
 
Subordinated debt
 
$
46,389

 
$
46,380

Other liabilities
 
53

 
138

Total liabilities
 
46,442

 
46,518

Shareholders’ Equity
 
 
 
 
Preferred stock
 
—

 
—

Common stock
 
217,555

 
205,309

Accumulated other comprehensive income
 
383

 
692

Retained earnings
 
183,694

 
156,646

Total shareholders’ equity
 
401,632

 
362,647

Total liabilities and shareholders’ equity
 
$
448,074

 
$
409,165

Schedule of Condensed Statements of Income
Condensed Statements of Income
 
 
Years Ended December 31,
(in thousands)
 
2017
 
2016
 
2015
Interest income
 
 
 
 
 
 
Deposits in bank subsidiary
 
$
—

 
$
7

 
$
9

Subordinated loan to bank subsidiary
 
437

 
385

 
343

Total interest income
 
437

 
392

 
352

Interest expense on subordinated debt
 
1,550

 
1,311

 
1,122

Net interest expense
 
(1,113
)
 
(919
)
 
(770
)
Noninterest income
 
 
 
 
 
 
Dividends from subsidiaries (1)
 
10,500

 
6,800

 
3,500

Other
 
107

 
104

 
98

Total noninterest income
 
10,607

 
6,904

 
3,598

Noninterest expense
 
1,269

 
1,983

 
2,825

Gain before income taxes and equity in undistributed net income of subsidiaries
 
8,225

 
4,002

 
3

Income tax benefit
 
(299
)
 
(1,083
)
 
(1,492
)
Income before equity in undistributed net income of subsidiaries
 
8,524

 
5,085

 
1,495

Equity in undistributed net income of subsidiaries
 
31,272

 
33,681

 
37,640

Net income
 
$
39,796

 
$
38,766

 
$
39,135


(1) Dividend income is primarily received from the bank subsidiary
Schedule of Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
 
 
Years Ended December 31,
(in thousands)
 
2017
 
2016
 
2015
Operating Activities:
 
 
 
 
 
 
Net income
 
$
39,796

 
$
38,766

 
$
39,135

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
Equity in undistributed income of subsidiaries
 
(31,272
)
 
(33,681
)
 
(37,640
)
(Increase) decrease in other assets
 
(860
)
 
(1,466
)
 
371

(Decrease) increase in other liabilities
 
(76
)
 
69

 
(118
)
Share based compensation included in undistributed earnings
 
4,624

 
3,544

 
1,468

Net cash provided by operating activities
 
12,212

 
7,232

 
3,216

 
 
 
 
 
 
 
Investing Activities:
 
 
 
 
 
 
Net increase in investment in subsidiaries
 
(4,624
)
 
(1,729
)
 
(1,091
)
Net cash used in investing activities
 
(4,624
)
 
(1,729
)
 
(1,091
)
 
 
 
 
 
 
 
Financing Activities:
 
 
 
 
 
 
Repurchase of common stock
 
(1,673
)
 
(821
)
 
(796
)
Proceeds from issuance of common stock
 
9,295

 
10,153

 
6,348

Cash dividends paid
 
(12,748
)
 
(12,187
)
 
(8,630
)
Net cash used in financing activities
 
(5,126
)
 
(2,855
)
 
(3,078
)
Net increase (decrease) in cash and cash equivalents
 
2,462

 
2,648

 
(953
)
Cash and cash equivalents, beginning of year
 
6,659

 
4,011

 
4,964

Cash and cash equivalents, end of year
 
$
9,121

 
$
6,659

 
$
4,011