Parent Company Financial Information

12 Months Ended

Dec. 31, 2014

Parent Company Financial Information [Abstract]

Parent Company Financial Information

  (23) Parent Company Financial Information

This information should be read in conjunction with the other notes to the consolidated financial statements.  The following presents summary balance sheets and summary statements of income and cash flows information for the years ended December 31:

Balance Sheets	2014		2013
Assets
Cash	$	3,928	$	3,982
Investment in wholly owned subsidiary		88,155		81,070
Total assets	$	92,083	$	85,052
Liabilities and stockholders’ equity
Other liabilities		32		144
Stockholders’ equity		92,051		84,908
Total liabilities and stockholders’ equity	$	92,083	$	85,052

Statements of Income	2014			2013			2012
Dividends from subsidiary		—			10,000			—
Other operating expenses		(130	)		(113	)		(106	)
Income tax benefit		54			46			44
(Loss) income before undistributed earnings of subsidiary		(76	)		9,933			(62	)
Equity in undistributed earnings of subsidiary		5,946			(4,549	)		4,708
Net income	$	5,870		$	5,384		$	4,646

Statements of Cash Flows	2014			2013			2012
Net income	$	5,870		$	5,384		$	4,646
Adjustments to reconcile net income to net cash provided by operating activities
Decrease in other liabilities		(112	)		(141	)		(54	)
Equity in undistributed earnings of subsidiary		(5,946	)		4,549			(4,708	)
Net cash (used in) provided by operating activities		(188	)		9,792			(116	)
Cash flows from financing activities:
Redemption of preferred stock		—			(10,000	)		—
Dividend on preferred stock		(129	)		(677	)		(1,139	)
Common stock issued and stock based compensation		269			233			208
Cash in lieu of fractional shares		(6	)		(4	)		(3	)
Net cash provided by (used in) financing activities		134			(10,448	)		(934	)
Net change in cash		(54	)		(656	)		(1,050	)
Cash at beginning of year		3,982			4,638			5,688
Cash at end of year	$	3,928		$	3,982		$	4,638