Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Parent Company Condensed Financial Information [Abstract]

Parent Company Statements of Financial Condition

	At December 31,
(Dollars in thousands)	2013		2012
Statements of Financial Condition
Assets:
Cash and cash equivalents	$	12,039	$	18,245
Investment in subsidiary banks		273,849		293,573
Investments in other subsidiaries		8,284		9,355
Investment securities, available for sale		3,161		2,462
Other assets		10,909		8,391
Total	$	308,242	$	332,026
Liabilities:
Subordinated debentures		46,393		81,963
Other liabilities		2,660		4,007
Shareholders' Equity:
Common stock and related accounts		259,189		246,056
Total	$	308,242	$	332,026

Parent Company Statements of Operations

	For the Year Ended December 31,
(Dollars in thousands)	2013		2012		2011
Statements of Operations
Income:
Cash dividends from subsidiaries	$	19,625	$	70,175	$	160
Noninterest income		333		595		774
Investment income		243		340		31
Other operating income		-		-		45
Total income		20,201		71,110		1,010
Expense:
Interest on subordinated debentures		4,168		5,463		5,306
Noninterest expense		1,808		3,187		2,107
Total expense		5,976		8,650		7,413
Total income (loss) before taxes and equity in
undistributed income of subsidiaries		14,225		62,460		(6,403)
Taxes on income		(2,027)		(2,900)		(2,563)
Income (loss) before equity in undistributed
income of subsidiaries		16,252		65,360		(3,840)
Equity in undistributed income (loss) of subsidiaries		1,183		(49,173)		(64,455)
Net income (loss)	$	17,435	$	16,187	$	(68,295)

Parent Company Statements of Cash Flows

	For the Year Ended December 31,
(Dollars in thousands)	2013		2012		2011
Statements of Cash Flows
Operating activities:
Net income	$	17,435	$	16,187	$	(68,295)
Equity in undistributed income of subsidiaries		(1,183)		49,173		64,455
Other, net		(2,341)		(5,437)		499
Net cash provided by (used in) operating activities		13,911		59,923		(3,341)
Investing activities:
Available for sale securities:
Purchases		-		(247)		(724)
Sales / Maturities		32		-		46
Investment in/capital contribution to other subsidiaries		15,000		-		-
Net cash used in investing activities		15,032		(247)		(678)
Financing activities:
Net proceeds from issuance of common stock		2,708		925		278
Proceeds from issuance of subordinated debentures		(35,570)		-		-
Preferred stock dividend		-		(74,330)		(1,751)
Other, net		(2,287)		(76)		-
Net cash provided by (used in) financing activities		(35,149)		(73,481)		(1,473)
Net increase (decrease) in cash and cash equivalents		(6,206)		(13,805)		(5,492)
Cash and cash equivalents,
Beginning of year		18,245		32,050		37,542
End of year	$	12,039	$	18,245	$	32,050