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, 2013 and 2012

(Dollars in thousands)

	2013			2012
ASSETS
Cash	$	623		$	542
Investment in consolidated wholly-owned bank
subsidiary, at equity		30,210			28,749
Loans		20			60
Other assets		566			524
Total assets	$	31,419		$	29,875
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 2013 and 2012  issued		4,294			4,294
Additional paid-in capital		31,701			31,701
Retained earnings		22,926			20,664
Accumulated other comprehensive income		(1,388	)		(670	)
Treasury stock, at cost, 1,745,998 for 2013
and  2012		(26,114	)		(26,114	)
Total stockholders’ equity		31,419			29,875
Total liabilities and stockholders’ equity	$	31,419		$	29,875

Schedule of Statements of Operations Information of Parent Company

Condensed Statements of Income and Expense

for the years ended December 31, 2013, 2012, and 2011

(Dollars in thousands)

	2013			2012			2011
Income:
Dividend received from bank subsidiary	$	667		$	388		$	368
Interest income		5			7			7
Other		0			0			(12	)
Total income		672			395			363
Expenses:
Other		144			124			148
Income before income taxes and equity in
Undistributed income of bank subsidiary		528			271			215
Income tax expense (benefit) – allocated from
consolidated return		(66	)		(56	)		(62	)
Income before equity in undistributed
income of subsidiary		594			327			277
Equity in undistributed income (loss) of subsidiary		2,178			1,612			1,184
Net income (loss)		2,772			1,939			1,461
Retained earnings – beginning of year		20,664			19,132			17,926
Cash dividend declared		(510	)		(407	)		(255	)
Retained earnings – end of year	$	22,926		$	20,664		$	19,132

Schedule of Cash Flow Information of Parent Company

Condensed Statements of Cash Flows

for the years ended December 31, 2013, 2012, and 2011

(Dollars in thousands)

	2013			2012			2011
Cash flow from operating activities:
Net income	$2,772			$1,939			$1,461
Adjustments to reconcile net income to net
cash provided (used) by operating activities:
Equity (deficit) in undistributed earnings of
Subsidiary		(2,178	)		(1,612	)		(1,552	)
Changes in:
Other assets		(43	)		(21	)		(57	)
Net cash provided (used) for operating activities		551			306			(148	)
Cash flow from investing activities:
Net change in loans		40			97			(56	)
Net cash provided (used) for investing
activities		40			97			(56	)
Cash flow from financing activities:
Cash dividend paid to stockholders		(510	)		(407	)		(255	)
Net cash provided (used) for financing
activities		(510	)		(407	)		(255	)
Increase (decrease) in cash		81			(4	)		(459	)
Cash – beginning of year		542			546			1,005
Cash – end of year	$	623		$	542		$	546