Note 25 - Financial Statements - Parent Company Only -

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

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

Note

2

5

– Financial Statements – Parent Company Only –

The

balance sheets and statements of income for Business First Bancshares, Inc. (Parent Company) are as follows:

BALANCE SHEETS

AS OF

DECEMBER 31,

201

7

AND

2016

(Dollars in thousands)

	2017		2016
Assets:
Cash	$	62,727	$	54
Investment in Subsidiaries		119,176		116,031
Other Assets		2,121		2,354
Total Assets	$	184,024	$	118,439
Liabilities:
Short Term Borrowings	$	862	$	862
Accrued Interest Payable		7		6
Long Term Borrowings		2,700		3,000
Other Liabilities		520		1,012
Total Liabilities		4,089		4,880
Shareholders' Equity:
Common Stock		10,232		6,917
Additional Paid-in Capital		144,172		85,133
Retained Earnings		25,531		21,509
Total Shareholders' Equity		179,935		113,559
Total Liabilities and Shareholders' Equity	$	184,024	$	118,439

STATEMENTS OF INCOME

FOR THE YEARS ENDED

DECEMBER 31,

201

7,

2016

AND

2015

(Dollars in thousands)

	201 7			201 6			201 5
Income :
Interes t	$	-		$	-		$	1
Expenses :
Other Operating Expense s		699			1,464			1,437
Income (Loss) before Income Taxes and Equity in Undistribute d Net Income of Subsidiarie s		(699	)		(1,464	)		(1,436	)
Income Tax Expense (Benefit )		233			(498	)		(474	)
Income (Loss) before Equity in Undistributed Net Income o f Subsidiarie s		(932	)		(966	)		(962	)
Equity in Undistributed Net Income of Subsidiarie s		5,780			6,077			5,058
Net Incom e	$	4,848		$	5,111		$	4,096