Parent Company Financial Data (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Balance Sheet Information of Parent Company

Condensed Balance Sheets

as of December 31, 2012 and 2011

(Dollars in thousands)

	2012	2011
ASSETS
Cash	$      542	$      546
Investment in consolidated wholly-owned bank
subsidiary, at equity	28,749	27,344
Loans	60	157
Other assets	524	503
Total assets	$ 29,875	$ 28,550
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total liabilities	$         0	$         0
Stockholders’ equity:
Common stock, $1 par value, 5,000,000 shares
authorized, 4,293,835 shares for 2012 and 2011  issued	4,294	4,294
Additional paid-in capital	31,701	31,701
Retained earnings	20,664	19,132
Accumulated other comprehensive income	(670)	(463)
Treasury stock, at cost, 1,745,998 for 2012
and  2011	( 26,114)	( 26,114)
Total stockholders’ equity	29,875	28,550
Total liabilities and stockholders’ equity	$ 29,875	$ 28,550

Schedule of Statements of Operations Information of Parent Company

Condensed Statements of Income and Expense

for the years ended December 31, 2012, 2011, and 2010

(Dollars in thousands)

	2012	2011	2010
Income:
Dividend received from bank subsidiary	$    388	$    368	$    368
Interest income	7	7	6
Other	0	(12)	94
Total income	395	363	468
Expenses:
Other	124	148	94
Income before income taxes and equity in
Undistributed income of bank subsidiary	271	215	374
Income tax expense (benefit) – allocated from
consolidated return	(56)	(     62)	(20)
Income before equity in undistributed
income of subsidiary	327	277	394
Equity in undistributed income (loss) of subsidiary	1,612	1,184	1,462
Net income (loss)	1,939	1,461	1,856
Retained earnings – beginning of year	19,132	17,926	16,325
Cash dividend declared	(407)	(255)	(255)
Retained earnings – end of year	$ 20,664	$ 19,132	$ 17,926

Schedule of Cash Flow Information of Parent Company

Condensed Statements of Cash Flows

for the years ended December 31, 2012, 2011, and 2010

(Dollars in thousands)

	2012	2011	2010
Cash flow from operating activities:
Net income (loss)	$   1,939	$   1,461	$   1,856
Adjustments to reconcile net income to net
cash provided (used) by operating activities:
Equity (deficit) in undistributed earnings of
Subsidiary	(1,612)	(1,552)	(1,462)
Changes in:
Other assets	(21)	(57)	210
Net cash provided for operating activities	306	(148)	604
Cash flow from investing activities:
Net change in loans	97	(56)	28
Net cash provided (used) for investing
activities	97	(56)	28
Cash flow from financing activities:
Cash dividend paid to stockholders	(407)	(255)	(255)
Net cash provided (used) for financing
activities	(407)	(255)	(255)
Increase (decrease) in cash	(4)	(459)	377
Cash – beginning of year	546	1,005	628
Cash – end of year	$      542	$      546	$   1,005