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Condensed Financial Information (Parent Company Only) (Tables)
12 Months Ended
Dec. 31, 2015
Condensed Financial Information (Parent Company Only) [Abstract]  
Schedule of Condensed Balance Sheet
 

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
Schedule of 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
Schedule of 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