Note 21 - Parent Only Condensed Financial Statements (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Condensed Balance Sheet [Table Text Block]

(dollars in thousands)
	December 31,			December 31,
ASSETS	2018			2017
Cash	$	281		$	269
Investment in bank subsidiary		98,678			90,346
Other assets		107			186
Total assets	$	99,066		$	90,801
LIABILITIES AND SHAREHOLDERS’ EQUITY
Other liabilities	$	28		$	34
Total liabilities	$	28		$	34
Shareholders’ equity
Common stock, no par value; 50,000,000 shares authorized, 8,194,805 and 8,098,605 shares issued and outstanding at December 31, 2018 and 2017, respectively		25,429			24,773
Additional paid-in capital		3,358			3,576
Retained earnings		70,686			61,429
Accumulated other comprehensive (loss) income, net of tax		(435	)		989
Total shareholders’ equity		99,038			90,767
Total liabilities and shareholders' equity	$	99,066		$	90,801

Condensed Income Statement [Table Text Block]

(dollars in thousands)	Year Ended December 31,
	2018		2017
INCOME
Dividends declared by subsidiary	$	2,117	$	2,022
Total income		2,117		2,022
EXPENSES
Salary expense		110		102
Employee benefit expense		431		103
Legal expense		90		69
Other operating expenses		108		106
Total non-interest expense		739		380
Income before equity in undistributed income of subsidiary		1,378		1,642
Equity in undistributed net income of subsidiary		9,919		7,207
Income before income tax benefit		11,297		8,849
Income tax benefit		240		245
Net income	$	11,537	$	9,094

Condensed Cash Flow Statement [Table Text Block]

	YEAR ENDED DECEMBER 31,
(dollars in thousands)	2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	11,537		$	9,094
Adjustments to reconcile net income to net cash from operating activities:
Undistributed net income of subsidiary		(9,919	)		(7,207	)
Stock based compensation		431			103
(Decrease) increase in other liabilities		(6	)		33
Decrease (increase) in other assets		79			(52	)
Net cash from operating activities		2,122			1,971
CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder cash dividends paid		(2,117	)		(2,022	)
Proceeds from sale of common stock and exercise of stock options		7			91
Net cash used in financing activities		(2,110	)		(1,931	)
NET INCREASE IN CASH AND CASH EQUIVALENTS		12			40
CASH AND CASH EQUIVALENTS, beginning of period		269			229
CASH AND CASH EQUIVALENTS, end of period	$	281		$	269
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the year for income taxes	$	4,145		$	5,922