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

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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

Note 14 - FSB Bancorp, Inc. (Parent Company Only) Financial Information

Balance Sheets

	December 31
	2016		2015
	(In Thousands)
Assets
Cash and cash equivalents	$	2,881	$	265
Securities available-for-sale		-		1,000
Investment in banking subsidiary		28,610		20,085
ESOP loan receivable		398		431
Accrued interest receivable		-		9
Total Assets	$	31,889	$	21,790
Liabilities and Stockholders’ Equity
Total Liabilities	$	30	$	30
Stockholders’ Equity		31,859		21,760
Total Liabilities and Stockholders’ Equity	$	31,889	$	21,790

Statements of Income

	Year Ended December 31
	2016			2015
	(In Thousands)
Interest Income	$	20		$	53
Other Expense		(89	)		(37	)
Equity in undistributed earnings of banking subsidiary		1,007			497
Net Income	$	938		$	513

Statements of Cash Flows

	Year Ended December 31
	2016			2015
	(In Thousands)
Cash flows from operating activities
Net income	$	938		$	513
Adjustments to reconcile net income to net cash flows from operating activities
Equity in undistributed earnings of banking subsidiary		(1,007	)		(497	)
Decrease in accrued  interest receivable		8			16
Net decrease in other liabilities		-			(16	)
Net cash flows from operating activities		(61	)		16
Cash flows from investing activities
Proceeds to banking subsidiary		(7,300	)		(1,938	)
Proceeds from maturities and calls of securities available-for-sale		1,000			1,938
Payments received on ESOP loan		33			32
Net cash flows from investing activities		(6,267	)		32
Cash flows from financing activities
Proceeds from stock conversion and offering		8,944			-
Net cash flows from financing activities		8,944			-
Net increase in cash and cash equivalents		2,616			48
Cash and cash equivalents - beginning		265			217
Cash and cash equivalents - ending	$	2,881		$	265