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Note 22 - Parent Company Condensed Financial Information
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]
(22)         PARENT COMPANY CONDENSED FINANCIAL INFORMATION

Condensed financial information for the Company (parent company only) follows:

Balance Sheets

(In thousands)

   
As of December 31,
 
   
2014
   
2013
 
Assets:
           
Cash and cash equivalents
  $ 309     $ 132  
Other assets
    911       670  
Investment in subsidiaries
    55,906       52,430  
                 
    $ 57,126     $ 53,232  
                 
Liabilities and Equity:
               
Accrued expenses
  $ 5     $ 5  
Stockholders' equity
    57,121       53,227  
                 
    $ 57,126     $ 53,232  

Statements of Income

(In thousands)

   
Years Ended December 31,
 
   
2014
   
2013
 
             
Dividend and other income
  $ 4,120     $ 2,847  
Other operating expenses
    (376     (253
                 
Income before income taxes and equity in undistributed net income of subsidiaries
    3,744       2,594  
                 
Income tax benefit
    145       98  
                 
Income before equity in undistributed net income of subsidiaries
    3,889       2,692  
Equity in undistributed net income of subsidiaries
    1,705       2,382  
                 
Net income
  $ 5,594     $ 5,074  

Statements of Cash Flows

(In thousands)

   
Years Ended December 31,
 
   
2014
   
2013
 
Operating Activities:
           
Net income
  $ 5,594     $ 5,074  
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities:
               
Equity in undistributed net income of subsidiaries
    (1,705 )     (2,382
Net change in other assets and liabilities
    (71 )     (9
Net cash provided by operating activities
    3,818       2,683  
                 
Investing Activities:
               
Investment in captive insurance subsidiary
    (250     0  
Cost method equity investment
    (171 )     (540
Net cash used in investing activities
    (421 )     (540
                 
Financing Activities:
               
Purchase of treasury stock
    (908     (19
Cash dividends paid
    (2,312     (2,228
Net cash used in financing activities
    (3,220     (2,247
                 
Net increase (decrease) in cash and cash equivalents
    177       (104
                 
Cash and cash equivalents at beginning of year
    132       236  
                 
Cash and cash equivalents at end of year
  $ 309     $ 132