Condensed Parent Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets

	December 31,
	2015		2014
	(In thousands)
Assets
Cash and cash equivalents	$	21,847	$	10,081
Investment in subsidiaries	342,621		216,547
Intercompany receivable from non-bank subsidiaries	1,327		996
Other assets	1,480		133
Total assets	$	367,275	$	227,757
Liabilities
Total liabilities	$	634	$	94
Stockholders’ Equity
Total stockholders’ equity	366,641		227,663
Total liabilities and stockholders’ equity	$	367,275	$	227,757

Condensed Statements of Operations

Condensed Statements of Operations

	Year Ended December 31, 2015			Year Ended December 31, 2014			Nine Months Ended December 31, 2013
	(In thousands)
Interest income	$	15		$	8		$	4
Interest expense	—			—			7,053
Net interest income (expense)	15			8			(7,049		)
Equity in net income from subsidiaries	138,719			15,502			18,787
Non-interest income	—			100			—
Extinguishment of debt	—			—			134,514
Income from operations	138,734			15,610			146,252
Reorganization costs	—			(64		)	1,929
Non-interest expense	2,002			1,052			1,031
Income before income taxes	136,732			14,622			143,292
Income tax expense (benefit)	(1,026		)	—			31,669
Net income	137,758			14,622			111,623
Preferred stock dividends in arrears	—			—			(2,538		)
Preferred stock discount accretion	—			—			(6,167		)
Retirement of preferred shares	—			—			104,000
Net income available to common equity	$	137,758		$	14,622		$	206,918

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	Year Ended December 31, 2015			Year Ended December 31, 2014			Nine Months Ended December 31, 2013
	(In thousands)
Operating Activities
Net income	$	137,758		$	14,622		$	111,623
Adjustments to reconcile net income to net cash used in operating activities:
Equity in net income of subsidiaries	(138,719		)	(15,502		)	(18,787		)
Extinguishment of debt	—			—			(134,514		)
Decrease in accrued interest and fees payable	—			—			7,053
Costs associated with stock plan	—			—			2,922
Stock-based compensation expense	2,185			996			—
Increase in other assets and liabilities	(1,341		)	(900		)	(2,872		)
Net cash used in operating activities	(117		)	(784		)	(34,575		)
Investing Activities
Dividend received from subsidiaries	12,000			—			5,402
Capital contribution to subsidiaries	—			—			(80,205		)
Net cash provided by (used in) investing activities	12,000			—			(74,803		)
Financing Activities
Repayment of borrowed funds	—			—			(49,000		)
Recapitalization transaction fees	—			—			(14,360		)
Tax benefit for restricted stock	205			—			—
Retirement of vested shares	(322		)	—			—
Issuance of common stock	—			7,951			175,000
Stock issuance cost	—			(2,324		)	—
Net cash provided by financing activities	(117		)	5,627			111,640
Increase in cash and cash equivalents	11,766			4,843			2,262
Cash and cash equivalents at beginning of year	10,081			5,238			2,976
Cash and cash equivalents at end of year	$	21,847		$	10,081		$	5,238