Parent Company Financial Information

12 Months Ended

Dec. 31, 2015

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	2015		2014
Assets
Cash	$	2,244	$	3,928
Investment in wholly owned subsidiary		83,605		88,155
Total assets	$	85,849	$	92,083
Liabilities and stockholders' equity
Other liabilities		—		32
Stockholders' equity		85,849		92,051
Total liabilities and stockholders' equity	$	85,849	$	92,083

Statements of Income	2015			2014			2013
Dividends from subsidiary	$	11,000		$	—		$	10,000
Other operating expenses		(153	)		(130	)		(113	)
Income tax benefit		63			54			46
Income (loss) before undistributed earnings of subsidiary		10,910			(76	)		9,933
Equity in undistributed earnings of subsidiary		(3,989	)		5,946			(4,549	)
Net income	$	6,921		$	5,870		$	5,384

Statements of Cash Flows	2015			2014			2013
Net income	$	6,921		$	5,870		$	5,384
Adjustments to reconcile net income to net cash provided by operating activities
Stock plan accruals		230			185			157
Decrease in other liabilities		(32	)		(112	)		(141	)
Equity in undistributed earnings of subsidiary		3,989			(5,946	)		4,549
Net cash provided by (used in) operating activities		11,108			(3	)		9,949
Cash flows from financing activities:
Redemption of preferred stock		(12,847	)		—			(10,000	)
Dividend on preferred stock		(105	)		(129	)		(677	)
Common stock issued		82			84			76
Stock options exercised		84			—			—
Cash in lieu of fractional shares		(6	)		(6	)		(4	)
Net cash (used in) provided by financing activities		(12,792	)		(51	)		(10,605	)
Net change in cash		(1,684	)		(54	)		(656	)
Cash at beginning of year		3,928			3,982			4,638
Cash at end of year	$	2,244		$	3,928		$	3,982