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

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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

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

 Balance Sheets

	December 31
	2017		2016
	(In Thousands)
Assets
Cash and cash equivalents	$	1,717	$	2,881
Investment in banking subsidiary		29,008		28,526
ESOP loan receivable		365		398
Total Assets	$	31,090	$	31,805
Liabilities and Stockholders’ Equity
Total Liabilities	$	34	$	30
Stockholders’ Equity		31,056		31,775
Total Liabilities and Stockholders’ Equity	$	31,090	$	31,805

Statements of Income

	Year Ended December 31
	2017			2016
	(In Thousands)
Interest Income	$	29		$	20
Other Expense		(301	)		(89	)
Equity in undistributed earnings of banking subsidiary		483			923
Net Income	$	211		$	854

Statements of Cash Flows

	Year Ended December 31
	2017			2016
	(In Thousands)
Cash flows from operating activities
Net income	$	211		$	854
Adjustments to reconcile net income to net cash flows from operating activities
Equity in undistributed earnings of banking subsidiary		(483	)		(923	)
Stock based compensation		133			-
Decrease in accrued  interest receivable		-			8
Net increase in other liabilities		4			-
Net cash flows from operating activities		(135	)		(61	)
Cash flows from investing activities
Proceeds to banking subsidiary		-			(7,300	)
Proceeds from maturities and calls of securities available-for-sale		-			1,000
Payments received on ESOP loan		33			33
Net cash flows from investing activities		33			(6,267	)
Cash flows from financing activities
Proceeds from stock conversion and offering		-			8,944
Purchase of common stock		(1,062	)		-
Net cash flows from financing activities		(1,062	)		8,944
Net (decrease) increase in cash and cash equivalents		(1,164	)		2,616
Cash and cash equivalents - beginning		2,881			265
Cash and cash equivalents - ending	$	1,717		$	2,881