Note 24 - Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

Condensed Balance Sheet [Table Text Block]

ASSETS	201 7		2016
Cash and cash equivalents (deposits in subsidiary Bank)	$	1,976	$	175
Office properties and equipment, net		91		581
Deferred tax asset, net		770		1,552
Investment in Bank		262,752		250,211
Due from Bank		2,906		3,169
Other assets		285		289
TOTAL	$	268,780	$	255,977
LIABILITIES AND STOCKHOLDERS ’ EQUITY
Other borrowings	$	12,150	$	22,012
Accrued expenses and other liabilities		3,473		538
Stockholders ’ equity		253,157		233,427
TOTAL	$	268,780	$	255,977

Condensed Income Statement [Table Text Block]

	201 7			2016			2015
INCOME:
Dividend from the Bank	$	14,000		$	5,000		$	12,100
Other income		1			73			--
Management fees		2,117			2,965			3,451
Total income		16,118			8,038			15,551
EXPENSES:
Interest expense		460			649			407
Salaries and employee benefits		3,354			3,320			2,383
Net occupancy expense		211			226			198
Data processing		1			9			1,291
Professional fees		614			785			627
Advertising		74			47			359
Other operating expenses		2,194			941			1,585
Total expenses		6,908			5,977			6,850
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME OF BANK SUBSIDIARY		9,210			2,061			8,701
INCOME TAX BENEFIT		(1,573	)		(1,133	)		(1,174	)
INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF BANK SUBSIDIAR Y		10,783			3,194			9,875
EQUITY IN UNDISTRIBUTED INCOME OF BANK SUBSIDIARY		10,528			14,265			699
NET INCOME	$	21,311		$	17,459		$	10,574
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized holding gains (losses) arising during the period		2,671			(2,933	)		(290	)
Less: reclassification adjustments for realized gain included in net income		(48	)		(19	)		(20	)
Other comprehensive income (loss), before tax effect		2,623			(2,952	)		(310	)
Tax effect		(1,007	)		1,130			119
Other comprehensive income (loss)		1,616			(1,822	)		(191	)
COMPREHENSIVE INCOME	$	22,927		$	15,637		$	10,383

Condensed Cash Flow Statement [Table Text Block]

	201 7			2016			2015
OPERATING ACTIVITIES:
Net income	$	21,311		$	17,459		$	10,574
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of Bank		(10,528	)		(14,265	)		(699	)
Deferred tax provision (benefit)		782			(164	)		(1,174	)
Depreciation		31			95			118
Loss on sales of fixed assets, net		28			--			--
Stock compensation expense		562			639			539
Changes in operating assets and liabilities:
Other assets		267			(543	)		247
Accrued expenses and other liabilities		2,935			45			87
Net cash provided by operating activities		15,388			3,266			9,692
INVESTING ACTIVITIES:
Purchases of office properties and equipment		--			(8	)		(48	)
Proceeds from sales of office properties and equipment		431			--			--
Merger consideration paid		--			--			(10,100	)
Net cash provided by (used in) investing activities		431			(8	)		(10,148	)
FINANCING ACTIVITIES:
Proceeds from other borrowings		2,400			4,800			1,850
Repayments of other borrowings		(12,262	)		(1,650	)		(1,151	)
Proceeds from exercise of stock options		643			141			37
Repurchase of common stock		--			(3,672	)		(256	)
Shares withheld for payment of employee payroll taxes		(275	)		--			--
Dividends distributed		(4,524	)		(2,820	)		--
Net cash provided by (used in) financing activities		(14,018	)		(3,201	)		480
NET INCREASE IN CASH AND CASH EQUIVALENTS		1,801			57			24
CASH AND CASH EQUIVALENTS:
Beginning of period		175			118			94
End of period	$	1,976		$	175		$	118