Bridge Capital Holdings

CIK:0001304740|SEC Filings

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of reconciliation of the numerator and denominator used in calculation of basic and diluted net earnings per share available to common shareholders

	Three months ended
(dollars in thousands,	March 31,
except per share amounts)	2015		2014

Net income	$	3,914	$	3,716

Weighted average shares:
Basic common shares	14,900,669		14,646,573
Diluted potential common shares related to stock options and restricted stock	742,771		816,076
Total average common equivalent shares	15,643,440		15,462,649

Basic earnings per share	$	0.26	$	0.25
Diluted earnings per share	$	0.25	$	0.24

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 3,914us-gaap_NetIncomeLoss	$ 3,716us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses		500
Depreciation and amortization	247	305
Write down of other real estate owned	1	8
Net (gain) on sale of loans	(195)us-gaap_GainLossOnSalesOfLoansNet	(213)us-gaap_GainLossOnSalesOfLoansNet
Deferred income tax (credit)	(827)us-gaap_DeferredIncomeTaxExpenseBenefit	(654)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock based compensation	1,028us-gaap_ShareBasedCompensation	903us-gaap_ShareBasedCompensation
Loans originated for sale	(8,663)	(10,080)
Proceeds from loan sales	2,859	3,158
Net (gain) on sale of securities	(306)	(5)
(Increase) decrease in accrued interest receivable and other assets	(647)	(2,782)
Increase in accrued interest payable and other liabilities	(3,584)	(2,376)
Net cash provided by used in operating activities	(6,173)	(7,520)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of securities available for sale		(8,794)
Proceeds from sale of available for sale and trading securities	22,681	22,193
Proceeds from maturity of securities available for sale	12,067	13,852
Net increase in loans	(40,525)	(59,799)
Purchase of fixed assets	(105)	(1,074)
Net cash used in investing activities	(5,882)	(33,622)
CASH FLOW FROM FINANCING ACTIVITIES:
Net increase in deposits	106,300us-gaap_IncreaseDecreaseInDeposits	9,864us-gaap_IncreaseDecreaseInDeposits
Proceeds from issuance of common stock	99	626
Purchase of treasury stock	(717)	(1,162)
Net cash provided by financing activities	65,682	9,328
Increase (decrease) in other borrowings	(40,000)
NET (DECREASE) INCREASE IN CASH AND EQUIVALENTS:	53,627	(31,814)
Cash and equivalents at beginning of period	97,370	186,337
Cash and equivalents at end of period	150,996	154,523
OTHER CASH FLOW INFORMATION:
Cash paid for interest	534us-gaap_InterestPaid	615us-gaap_InterestPaid
Cash paid for income taxes	$ 3,600us-gaap_IncomeTaxesPaidNet	$ 5,700us-gaap_IncomeTaxesPaidNet

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 29,969us-gaap_CashAndDueFromBanks	$ 21,950us-gaap_CashAndDueFromBanks
Federal funds sold	121,028us-gaap_FederalFundsSold	75,420us-gaap_FederalFundsSold
Total cash and equivalents	150,997	97,370
Interest bearing deposits in other banks	326us-gaap_InterestBearingDepositsInBanks	326us-gaap_InterestBearingDepositsInBanks
Investment securities:
Available for sale	320,024us-gaap_AvailableForSaleSecurities	352,243us-gaap_AvailableForSaleSecurities
Held to maturity	12,563us-gaap_HeldToMaturitySecurities	12,922us-gaap_HeldToMaturitySecurities
Total investment securities	332,587us-gaap_MarketableSecurities	365,165us-gaap_MarketableSecurities
Loans, net of allowance for credit losses of $22,565 at March 31, 2015 and $22,305 at December 31, 2014	1,329,888	1,283,364
Premises and equipment, net	2,362us-gaap_PropertyPlantAndEquipmentNet	2,504us-gaap_PropertyPlantAndEquipmentNet
Other real estate owned	22	23
Accrued interest receivable	5,178us-gaap_InterestReceivable	4,989us-gaap_InterestReceivable
Other assets	60,839us-gaap_OtherAssets	60,381us-gaap_OtherAssets
Total assets	1,882,199us-gaap_Assets	1,814,122us-gaap_Assets
Deposits:
Demand noninterest-bearing	1,132,231	1,051,357
Demand interest-bearing	14,362	15,492
Money Market and savings	472,475us-gaap_DepositsSavingsDeposits	450,873us-gaap_DepositsSavingsDeposits
Time	36,777us-gaap_TimeDeposits	31,823us-gaap_TimeDeposits
Total deposits	1,655,845us-gaap_Deposits	1,549,545us-gaap_Deposits
Junior subordinated debt securities	17,527	17,527
Other borrowings	0us-gaap_OtherBorrowings	40,000us-gaap_OtherBorrowings
Accrued interest payable	9	8
Other liabilities	16,194us-gaap_OtherLiabilities	19,935us-gaap_OtherLiabilities
Total liabilities	1,689,575us-gaap_Liabilities	1,627,015us-gaap_Liabilities
SHAREHOLDERS? EQUITY
Preferred stock, no par value; 10,000,000 shares authorized; no shares outstanding at March 31, 2015 and December 31, 2014
Common stock, no par value; 30,000,000 shares authorized; 15,940,819 shares issued and outstanding at March 31, 2015; 15,970,506 shares issued and outstanding at December 31, 2013;	117,731us-gaap_CommonStockValue	117,321us-gaap_CommonStockValue
Retained earnings	73,461	69,547
Accumulated other comprehensive income (loss)	1,432	239
Total shareholders' equity	192,624us-gaap_StockholdersEquity	187,107us-gaap_StockholdersEquity
Total liabilities and shareholders' equity	$ 1,882,199	$ 1,814,122