PARENT CORPORATION STATEMENTS

12 Months Ended

Dec. 31, 2015

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, 2015 and 2014

(In thousands)

	2015		2014
ASSETS
Cash on deposit with subsidiary	$	96	$	407
Investment in common stock of subsidiaries		35,547		33,415
Other assets		564		500
Total assets	$	36,207	$	34,322
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities	$	71	$	96
Shareholders’ equity		36,136		34,226
Total liabilities and shareholders’ equity	$	36,207	$	34,322

CONDENSED STATEMENTS OF INCOME

Years ended December 31, 2015, 2014 and 2013

(In thousands)

	2015			2014			2013
INCOME
Dividends from Bank subsidiary	$	1,310		$	843		$	718
Total income		1,310			843			718
EXPENSES
Professional fees		33			48			35
Other		117			96			102
Total expenses		150			144			137
Tax benefit		(51	)		(49	)		(46	)
Income before equity in undistributed earnings of subsidiaries		1,211			748			627
Equity in undistributed earnings of subsidiaries		2,214			2,548			2,428
NET INCOME	$	3,425		$	3,296		$	3,055

CONDENSED STATEMENTS OF CASH FLOWS

Years ended December 31, 2015, 2014 and 2013

(In thousands)

	2015			2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	3,425		$	3,296		$	3,055
Adjustments to reconcile net income to  net cash from operating activities
Equity in undistributed earnings of subsidiaries		(2,214	)		(2,548	)		(2,428	)
Stock-based compensation		164			127			96
Other		(339	)		(20	)		(39	)
Net cash provided by operating activities		1,036			855			684
CASH FLOWS FROM INVESTING ACTIVITIES
Downstream cash to subsidiary		(17	)		0			0
Capital Infusion from subsidiary		250			0			0
Net cash provided by investing activities		233			0			0
CASH FLOWS FROM FINANCING ACTIVITIES
Treasury stock issued for deferred compensation plan		0			61			69
Treasury stock issued under stock option plans		26			33			12
Common stock issued for deferred compensation plan		143			40			0
Common stock issued for stock option plans		47			12			0
Purchase treasury stock		(736	)		0			0
Cash dividends paid		(1,060	)		(843	)		(718	)
Net cash used in financing activities		(1,580	)		(697	)		(637	)
Net change in cash		(311	)		158			47
Cash at beginning of period		407			249			202
Cash at end of period	$	96		$	407		$	249