XML 62 R47.htm IDEA: XBRL DOCUMENT v3.6.0.2
Parent company financial information (Tables) - Cascade Bancorp
 12 Months Ended
Dec. 31, 2016
Condensed Balance Sheet (Parent Company Only)
Condensed financial information for Bancorp (Parent company only) is presented as follows (dollars in thousands):

CONDENSED BALANCE SHEETS
 
December 31,
  
2016
 
2015
Assets:
  
 
  
Cash and cash equivalents
$
1,253

 
$
2,272

Investment in subsidiary
360,426

 
328,771

Deferred tax asset
6,338

 
4,624

Other assets
1,635

 
1,107

Total assets
$
369,652

 
$
336,774

Liabilities and stockholders’ equity:
  
 
  
Stockholders’ equity
$
369,652

 
$
336,774

Total liabilities and stockholders’ equity
$
369,652

 
$
336,774
Condensed Statements of Operations (Parent Company Only)
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
 
Years ended December 31,
  
2016
 
2015
 
2014
Income:
 
 
 
 
 
Interest income
$
5

 
$
5

 
$
10

Expenses:
 
 
 
 
 
Administrative
3,279

 
2,619

 
1,347

Other
1,356

 
378

 
3,217

Total expenses
4,635

 
2,997

 
4,564

Loss before income taxes and equity in undistributed net losses of subsidiary
(4,630
)
 
(2,992
)
 
(4,554
)
Credit for income taxes
1,804

 
1,154

 
2,053

Gain (loss) before equity in undistributed net losses
of subsidiary
(2,826
)
 
(1,838
)
 
(2,501
)
Equity in undistributed net income of subsidiary
19,597

 
22,417

 
6,238

Net income
$
16,771

 
$
20,579

 
$
3,737

Comprehensive income
$
14,085

 
$
19,365

 
$
6,608
Condensed Statement of Cash Flows (Parent Company Only)
CONDENSED STATEMENTS OF CASH FLOWS
 
Years ended December 31,
  
2016
 
2015
 
2014
Cash flows from operating activities:
 
 
 
 
 
Net income
$
16,771

 
$
20,579

 
$
3,737

Adjustments to reconcile net loss to net cash provided
by (used in) operating activities:
 
 
 
 
 
Equity in undistributed net income of subsidiary
(19,597
)
 
(22,417
)
 
(6,238
)
Stock-based compensation expense
3,124

 
2,482

 
1,214

Increase in deferred tax asset
(1,714
)
 
(1,010
)
 
(1,794
)
Increase in other assets
(527
)
 
17

 
(936
)
(Decrease) increase in other liabilities
—

 
—

 
—

Net cash used in operating activities
(1,943
)
 
(349
)
 
(4,017
)
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
Tax effect of nonvested restricted stock
(577
)
 
(556
)
 
(339
)
Proceeds from issuance of common stock
16,238

 
—

 
119,285

Increase due to business combination
(16,244
)
 
—

 
(111,879
)
Stock options exercised
7

 
—

 
—

Dividend from Bank
1,500

 
—

 
—

Net cash provided by (used in) financing activities
924

 
(556
)
 
7,067

Net increase (decrease) in cash and cash equivalents
(1,019
)
 
(905
)
 
3,050

Cash and cash equivalents at beginning of year
2,272

 
3,177

 
127

Cash and cash equivalents at end of year
$
1,253

 
$
2,272

 
$
3,177