PARENT CORPORATION STATEMENTS

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 20 PARENT CORPORATION STATEMENTS

The following are condensed financial statements of Commercial Bancshares, Inc.

CONDENSED BALANCE SHEETS

December 31, 2014 and 2013

(Dollars in thousands)

	2014		2013
ASSETS
Cash on deposit with subsidiary	$	407	$	249
Investment in common stock of subsidiaries		33,415		30,956
Other assets		500		404
Total assets	$	34,322	$	31,609
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities	$	96	$	21
Shareholders’ equity		34,226		31,588
Total liabilities and shareholders’ equity	$	34,322	$	31,609

CONDENSED STATEMENTS OF INCOME

Years ended December 31, 2014, 2013 and 2012

(Dollars in thousands)

	2014		2013		2012
INCOME
Dividends from Bank subsidiary	$	843	$	718	$	601
Total income		843		718		601
EXPENSES
Professional fees		48		35		31
Other		96		102		97
Total expenses		144		137		128
Tax benefit		(49)		(46)		(44)
Income before equity in undistributed earnings of subsidiaries		748		627		517
Equity in undistributed earnings of subsidiaries		2,548		2,428		2,421
NET INCOME	$	3,296	$	3,055	$	2,938

CONDENSED STATEMENTS OF CASH FLOWS

Years ended December 31, 2014, 2013 and 2012

(Dollars in thousands)

	2014		2013		2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	3,296	$	3,055	$	2,938
Adjustments to reconcile net income to net cash from operating activities
Equity in undistributed earnings of subsidiaries		(2,548)		(2,428)		(2,421)
Stock-based compensation		127		96		71
Other		(20)		(39)		(38)
Net cash from operating activities		855		684		550
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash from investing activities		0		0		0
CASH FLOWS FROM FINANCING ACTIVITIES
Treasury stock issued for deferred compensation plan		61		69		83
Treasury stock issued under stock option plans		33		12		6
Common stock issued for deferred compensation plan		40		0		0
Common stock issued for stock option plans		12		0		0
Cash dividends paid		(843)		(718)		(601)
Net cash from financing activities		(697)		(637)		(512)
Net change in cash		158		47		38
Cash at beginning of period		249		202		164
Cash at end of period	$	407	$	249	$	202