Condensed Financial Information of Fidelity Southern Corporation (Parent Company Only)
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Fidelity Southern Corporation (Parent Company Only)
Condensed Financial Information of Fidelity Southern Corporation (Parent Company Only)
Financial information pertaining only to Fidelity Southern Corporation is as follows:

Condensed Balance Sheets
 
 
December 31,
(in thousands)
 
2014
 
2013
Assets
 
 
 
 
Cash
 
$
4,964

 
$
10,267

Land
 
109

 
109

Investment in bank subsidiary
 
290,963

 
258,786

Investments in and amounts due from non-bank subsidiaries
 
4,001

 
3,026

Subordinated loan to bank subsidiary
 
10,000

 
10,000

Other assets
 
1,365

 
525

Total assets
 
$
311,402

 
$
282,713

 
 
 
 
 
Liabilities
 
 
 
 
Subordinated debt
 
$
46,393

 
$
46,393

Other liabilities
 
58

 
90

Total liabilities
 
46,451

 
46,483

Shareholders’ Equity
 
 
 
 
Preferred stock
 
—

 
—

Common stock
 
162,575

 
158,153

Accumulated other comprehensive income
 
2,814

 
968

Retained earnings
 
99,562

 
77,109

Total shareholders’ equity
 
264,951

 
236,230

Total liabilities and shareholders’ equity
 
$
311,402

 
$
282,713



Condensed Statements of Income
 
 
Years Ended December 31,
(in thousands)
 
2014
 
2013
 
2012
Interest income
 
 
 
 
 
 
Deposits in bank
 
$
25

 
$
109

 
$
58

Subordinated loan to bank subsidiary
 
338

 
343

 
363

Total interest income
 
363

 
452

 
421

Interest expense on subordinated debt
 
1,095

 
2,716

 
4,226

Net interest expense
 
(732
)
 
(2,264
)
 
(3,805
)
Noninterest income
 
98

 
170

 
191

Noninterest expense
 
349

 
829

 
295

Loss before income taxes and
equity in undistributed income of subsidiaries
 
(983
)
 
(2,923
)
 
(3,909
)
Income tax benefit
 
(367
)
 
(1,118
)
 
(1,516
)
Loss before equity in undistributed income of subsidiaries
 
(616
)
 
(1,805
)
 
(2,393
)
Equity in undistributed income of subsidiaries
 
30,652

 
29,443

 
27,720

Net income
 
$
30,036

 
$
27,638

 
$
25,327



Condensed Statements of Cash Flows
 
 
 
Years Ended December 31,
(in thousands)
 
2014
 
2013
 
2012
Operating Activities:
 
 
 
 
 
 
Net income
 
$
30,036

 
$
27,638

 
$
25,327

Equity in undistributed income of subsidiaries
 
(30,652
)
 
(29,443
)
 
(27,720
)
(Increase) decrease in other assets
 
(840
)
 
551

 
(426
)
Decrease in other liabilities
 
(31
)
 
(1,121
)
 
(171
)
Share based compensation included in undistributed earnings
 
1,655

 
1,270

 
687

Net cash flows provided by (used in) operating activities
 
168

 
(1,105
)
 
(2,303
)
 
 
 
 
 
 
 
Investing Activities:
 
 
 
 
 
 
Net (increase) decrease in investment in subsidiaries
 
(655
)
 
206

 
(84
)
Net cash flows (used in) provided by investing activities
 
(655
)
 
206

 
(84
)
 
 
 
 
 
 
 
Financing Activities:
 
 
 
 
 
 
Subordinated debt redemption
 
—

 
(21,134
)
 
—

Proceeds from issuance of common stock
 
1,574

 
67,893

 
2,182

Preferred stock redemption
 
—

 
(48,200
)
 
—

Common stock dividends paid
 
(6,390
)
 
(1,075
)
 
(13
)
Preferred stock dividends paid
 
—

 
(1,607
)
 
(2,410
)
Net cash flows used in financing activities
 
(4,816
)
 
(4,123
)
 
(241
)
Net decrease in cash
 
(5,303
)
 
(5,022
)
 
(2,628
)
Cash, beginning of year
 
10,267

 
15,289

 
17,917

Cash, end of year
 
$
4,964

 
$
10,267

 
$
15,289