Condensed Financial Information (Parent Company Only)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information (Parent Company Only) [Abstract]

Condensed Financial Information (Parent Company Only)

Note 19:       Condensed Financial Information (Parent Company Only)

Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company at December 31, 2015 and 2014:

Condensed Balance Sheets

	2015				2014
	(In thousands)
Assets
Cash and due from banks	$	522		$	705
Notes receivable from the Bank		444			525
Investment in the Bank		38,952			38,806
Prepaid expenses and other assets		250			254
Total assets	$	40,168		$	40,290
Liabilities and Stockholders' Equity
Accrued expenses and other liabilities	$	263		$	288
Stockholders' equity
Common stock and additional paid-in capital		36,415			36,393
Retained earnings		21,060			20,403
Shares acquired by ESOP		(343	)		(416	)
Treasury stock – at cost		(16,936	)		(16,598	)
Accumulated other comprehensive income		(291	)		220
Total stockholders' equity		39,905			40,002
Total liabilities and stockholders' equity	$	40,168		$	40,290

Condensed Statements of Income and Comprehensive Income

	2015				2014
	(In thousands)
Operating Income
Interest income	$	32		$	36
Dividends from the Bank		1,244			1,168
Total operating income		1,276			1,204
Noninterest Expense		252			276
Earnings before Federal Income Tax Benefits and equity in undistributed income of the Bank		1,024			928
Federal Income Tax Benefits		(75	)		(78	)
Income before equity in undistributed income of the Bank		1,099			1,006
Equity in undistributed
income of the Bank		548			1,625
Net Income	$	1,647		$	2,631
Total Comprehensive income	$	1,136		$	2,786

Condensed Statements of Cash Flows

	2015				2014
	(In thousands)
Operating Activities
Net income	$	1,647		$	2,631
Items not requiring (providing) cash
Equity in undistributed net income of the Bank		(548	)		(1,625	)
Increase (decrease) in cash due to changes in:
Prepaid expenses and other assets		(10	)		(44	)
Accrued expenses and other liabilities		(25	)		3
Net cash provided by operating activities		1,064			965
Investing Activities
Repayment of ESOP loan		81			82
Net cash provided by investing activities		81			82
Financing Activities
Payment of dividends on common stock		(990	)		(946	)
Purchase of treasury stock		(338	)		(460	)
Net cash used in financing activities		(1,328	)		(1,406	)
Net Change in Cash and Cash Equivalents		(183	)		(359	)
Cash and Cash Equivalents at Beginning of Period		705			1,064
Cash and Cash Equivalents at End of Period	$	522		$	705