Parent Company Financial Data (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Balance Sheet Information of Parent Company

Condensed Balance Sheets

as of December 31, 2014 and 2013

(Dollars in thousands)

	2014			2013
ASSETS
Cash	$	676		$	623
Investment in consolidated wholly-owned bank
subsidiary, at equity		33,008			30,210
Loans		16			20
Other assets		635			566
Total assets	$	34,335		$	31,419
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 2014 and 2013  issued		4,294			4,294
Additional paid-in capital		31,701			31,701
Retained earnings		25,015			22,926
Accumulated other comprehensive income		(561	)		(1,388	)
Treasury stock, at cost, 1,745,998 for 2014
and  2013		(26,114	)		(26,114	)
Total stockholders’ equity		34,335			31,419
Total liabilities and stockholders’ equity	$	34,335		$	31,419

Schedule of Statements of Operations Information of Parent Company

	2014			2013			2012
Income:
Dividend received from bank subsidiary	$	1,000		$	667		$	388
Interest income		10			5			7
Other		0			0			0
Total income		1,010			672			395
Expenses:
Other		166			144			124
Income before income taxes and equity in
Undistributed income of bank subsidiary		844			528			271
Income tax expense (benefit) – allocated from
consolidated return		(88	)		(66	)		(56	)
Income before equity in undistributed
income of subsidiary		932			594			327
Equity in undistributed income (loss) of subsidiary		1,972			2,178			1,612
Net income (loss)		2,904			2,772			1,939
Retained earnings – beginning of year		22,926			20,664			19,132
Cash dividend declared		(815	)		(510	)		(407	)
Retained earnings – end of year	$	25,015		$	22,926		$	20,664

Schedule of Cash Flow Information of Parent Company

	2014			2013			2012
Cash flow from operating activities:
Net income	$	2,904		$	2,772		$	1,939
Adjustments to reconcile net income to net
cash provided (used) by operating activities:
Equity (deficit) in undistributed earnings of
Subsidiary		(1,972	)		(2,178	)		(1,612	)
Changes in:
Other assets		(68	)		(43	)		(21	)
Net cash provided (used) for operating activities		864			551			306
Cash flow from investing activities:
Net change in loans		4			40			97
Net cash provided (used) for investing
activities		4			40			97
Cash flow from financing activities:
Cash dividend paid to stockholders		(815	)		(510	)		(407	)
Net cash used for financing
activities		(815	)		(510	)		(407	)
Increase (decrease) in cash		53			81			(4	)
Cash – beginning of year		623			542			546
Cash – end of year	$	676		$	623		$	542