XML 60 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
Parent Company Financial Data (Tables)
12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Balance Sheet Information of Parent Company

 

 

    2015   2014
         
ASSETS
         
Cash   $ 1,919     $ 676  
Investment in consolidated wholly-owned bank                
  subsidiary, at equity     33,147       33,008  
Loans     363       16  
Other assets     669       635  
                 
       Total assets   $ 36,098     $ 34,335  
                 
                 
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 2015 and 2014  issued     4,294       4,294  
  Additional paid-in capital     31,701       31,701  
  Retained earnings     27,370       25,015  
  Accumulated other comprehensive loss     (1,153 )     (561 )
  Treasury stock, at cost, 1,745,998 for 2015                
     and  2014     (26,114 )     (26,114 )
                 
       Total stockholders’ equity     36,098       34,335  
                 
       Total liabilities and stockholders’ equity   $ 36,098     $ 34,335  

Schedule of Statements of Operations Information of Parent Company

 

    2015   2014   2013
             
Income:                        
  Dividend received from bank subsidiary   $ 2,685     $ 1,000     $ 667  
  Interest income     12       10       5  
                         
       Total income     2,697       1,010       672  
                         
Expenses:                        
  Other     141       166       144  
                         
Income before income taxes and equity in                        
  Undistributed income of bank subsidiary     2,556       844       528  
                         
Income tax benefit – allocated from                        
  consolidated return     (87 )     (88 )     (66 )
                         
       Income before equity in undistributed                        
          income of subsidiary     2,643       932       594  
                         
Equity in undistributed income of subsidiary     731       1,972       2,178  
                         
       Net income     3,374       2,904       2,772  
                         
Retained earnings – beginning of year     25,015       22,926       20,664  
                         
Cash dividend declared     (1,019 )     (815 )     (510 )
                         
Retained earnings – end of year   $ 27,370     $ 25,015     $ 22,926  
                         

Schedule of Cash Flow Information of Parent Company

 

    2015   2014   2013
             
Cash flow from operating activities:                        
  Net income   $ 3,374     $ 2,904     $ 2,772  
  Adjustments to reconcile net income to net                        
  cash used by operating activities:                        
     Equity in undistributed earnings of                        
        Subsidiary     (731 )     (1,972 )     (2,178 )
     Changes in:                        
        Other assets     (34 )     (68 )     (43 )
                         
       Net cash provided for operating activities     2,609       864       551  
                         
Cash flow from investing activities:                        
  Net change in loans     (347 )     4       40  
                         
       Net cash provided (used) for investing                        
          activities     (347 )     4       40  
                         
Cash flow from financing activities:                        
  Cash dividend paid to stockholders     (1,019 )     (815 )     (510 )
                         
       Net cash used for financing                        
          activities     (1,019 )     (815 )     (510 )
                         
        Increase in cash     1,243       53       81  
                         
Cash – beginning of year     676       623       542  
                         
Cash – end of year   $ 1,919     $ 676     $ 623