XML 60 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 20 - Parent Company Only Condensed Financial Information (Tables)
 12 Months Ended
Dec. 31, 2018
Notes Tables  
Condensed Balance Sheet [Table Text Block]
    December 31,  
   
201
8
    
201
7
  
   
(in thousands)
  
ASSETS
  
 
 
 
  
 
 
 
Cash and cash equivalents (1)
   $
5,369
     $
2,045
  
Investment in banking subsidiary
    
114,042
      
99,651
  
Investment in and advances to other subsidiaries
    
776
      
776
  
Deferred taxes, net
    
3,142
      
2,497
  
Other assets
    
682
      
711
  
Total assets
   $
124,011
     $
105,680
  
                 
LIABILITIES AND SHAREHOLDERS’ EQUITY
  
 
 
 
  
 
 
 
Debt
   $
31,775
     $
31,775
  
Accrued expenses and other liabilities
    
139
      
1,232
  
Shareholders’ equity
    
92,097
      
72,673
  
Total liabilities and shareholders’ equity
   $
124,011
     $
105,680
  
Condensed Income Statement [Table Text Block]
    Years ended December 31,  
   
201
8
    
201
7
    
201
6
  
   
(in thousands)
  
Interest income
   $
45
     $
4
     $
5
  
Dividends from subsidiaries
    
35
      
26
      
23
  
Other income
    
38
      
—
      
17
  
Interest expense
    
(1,370
)
    
(973
)
    
(694
)
Other expense
    
(1,290
)
    
(1,137
)
    
(1,240
)
Loss before income tax and undistributed subsidiary income
    
(2,542
)
    
(2,080
)
    
(1,889
)
Income tax expense (benefit)
    
(645
)
    
(2,497
)
    
21
  
Equity in undistributed subsidiary income (loss)
    
10,691
      
38,036
      
(843
)
Net
income (
loss
)
   $
8,794
     $
38,453
     $
(2,753
)
Condensed Cash Flow Statement [Table Text Block]
    Years ended December 31,  
   
201
8
    
201
7
    
20
1
6
  
   
(in thousands)
  
Cash flows from operating activities
  
 
 
 
  
 
 
 
  
 
 
 
Net income (loss)
   $
8,794
     $
38,453
     $
(2,753
)
Adjustments:
                        
Equity in undistributed subsidiary (income) loss
    
(10,691
)
    
(38,036
)
    
843
  
Deferred taxes, net
    
(645
)
    
(2,497
)
    
—
  
Change in other assets
    
29
      
743
      
(95
)
Change in other liabilities
    
(1,093
)
    
(128
)
    
358
  
Other
    
525
      
462
      
978
  
Net cash (used in) operating activities
    
(3,081
)
    
(1,003
)
    
(669
)
                         
Cash flows from investing activities
  
 
 
 
  
 
 
 
  
 
 
 
Investments in subsidiaries
    
(5,000
)
    
(9,000
)
    
(500
)
Net cash (used in) from investing activities
    
(5,000
)
    
(9,000
)
    
(500
)
                         
Cash flows from financing activities
  
 
 
 
  
 
 
 
  
 
 
 
Proceeds from issuance of common stock
    
14,910
      
—
      
2,231
  
Redemption of preferred stock
    
(3,505
)
    
—
      
—
  
Proceeds from senior debt
    
—
      
10,000
      
—
  
Net cash provided by (used in) from financing activities
    
11,405
      
10,000
      
2,231
  
                         
Net change in cash and cash equivalents
    
3,324
      
(3
)
    
1,062
  
Beginning cash and cash equivalents
    
2,045
      
2,048
      
986
  
Ending cash and cash equivalents
   $
5,369
     $
2,045
     $
2,048