FSB Bancorp, Inc. (Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2019

FSB Bancorp, Inc. (Parent Company Only) Financial Information

FSB Bancorp, Inc. (Parent Company Only) Financial Information

Note 15 - FSB Bancorp, Inc. (Parent Company Only) Financial Information

Balance Sheets

	December 31
	2019		2018
	(In Thousands)
Assets
Cash and cash equivalents	$	1,474	$	1,570
Investment in banking subsidiary		29,796		29,661
ESOP loan receivable		297		331
Total Assets	$	31,567	$	31,562
Liabilities and Stockholders’ Equity
Total Liabilities	$	23	$	49
Stockholders’ Equity		31,544		31,513
Total Liabilities and Stockholders’ Equity	$	31,567	$	31,562

Statements of Income

	Year Ended December 31
	2019		2018
	(In Thousands)
Interest Income	$	39	$	36
Other Expense		(447)		(500)
Equity in undistributed (loss) earnings of banking subsidiary		(105)		599
Net (Loss) Income	$	(513)	$	135

Statements of Cash Flows

	Year Ended December 31
	2019		2018
	(In Thousands)
Cash flows from operating activities
Net (loss) income	$	(513)	$	135
Adjustments to reconcile net (loss) income to net cash flows from operating activities
Equity in undistributed loss (earnings) of banking subsidiary		105		(599)
Stock based compensation		304		310
Net (decrease) increase in other liabilities		(26)		15
Net cash flows from operating activities		(130)		(139)
Cash flows from investing activities
Payments received on ESOP loan		34		34
Net cash flows from investing activities		34		34
Cash flows from financing activities
Purchase of common stock		—		(42)
Net cash flows from financing activities		—		(42)
Net decrease in cash and cash equivalents		(96)		(147)
Cash and cash equivalents - beginning		1,570		1,717
Cash and cash equivalents - ending	$	1,474	$	1,570