Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2011

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

21. Parent Company Only Financial Statements

The following financial statements are for the Company (Naugatuck Valley Financial Corporation) only, and should be read in conjunction with the consolidated financial statements of the Company.

Statements of Financial Condition

	December 31,
(In thousands)	2011		2010
ASSETS
Cash on deposit with Naugatuck Valley Savings and Loan	$	12,002	$	1,715
Investment in subsidiary, Naugatuck Valley Savings and Loan		67,962		45,867
Investment securities		1,066		1,245
Loan to ESOP		3,696		1,984
Deferred income taxes		-		-
Other assets		83		1,479
Total assets	$	84,809	$	52,290
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities	$	1,933	$	30
Stockholders' equity		82,876		52,260
Total liabilities and stockholders' equity	$	84,809	$	52,290

Statements of Income

	For the Years Ended December 31,
(In thousands)	2011			2010			2009
Interest income	$	152		$	141		$	181
Other income		-			-			-
Total income		152			141			181
Other expense		381			1,037			577
Loss before income tax and equity in undistributed net income of subsidiary		(229	)		(896	)		(396	)
Income tax benefit		(78	)		(54	)		(134	)
Loss before equity in undistributed net income of subsidiary		(151	)		(842	)		(262	)
Equity in undistributed net income of subsidiary		2,355			2,293			2,255
Net income	$	2,204		$	1,451		$	1,993

Statements of Cash flows

	For the Years Ended December 31,
(In thousands)	2011			2010			2009
Net cash provided (used) by operating activities	$	1,234		$	(1,046	)	$	61
Cash flows from investing activities
Investment in subsidiary		(20,312	)		-			-
Paydowns and maturities of available-for-sale securities		180			382			689
Loan to ESOP		(2,003	)		-			-
Principal payments received from ESOP		291			180			172
Net cash (used) provided by investing activities		(21,844	)		562			861
Cash flows from financing activities
Proceeds from issuance of common stock		33,379			-			-
Cost of issuance of common stock		(2,120	)		-			-
Common stock repurchased		(2	)		(41	)		(25	)
Cash dividends to common shareholders		(614	)		(317	)		(447	)
Release of ESOP shares		254			123			112
Net cash provided (used) by financing activities		30,897			(235	)		(360	)
Increase (decrease) in cash and cash equivalents		10,287			(719	)		562
Cash and cash equivalents at beginning of year		1,715			2,434			1,872
Cash and cash equivalents at end of year	$	12,002		$	1,715		$	2,434