Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2011

Parent Company Only Financial Statements [Abstract]

Parent Company Only Financial Statements

Note 21– Parent Company Only Financial Statements

Presented below are condensed balance sheets, statements of income and cash flows for the Company:

First Mid-Illinois Bancshares, Inc. (Parent Company)
Balance Sheets
December 31,	2011		2010
Assets
Cash	$	20,538	$	2,381
Premises and equipment, net		3,112		481
Investment in subsidiaries		147,225		130,179
Other assets		2,495		2,800
Total Assets	$	173,370	$	135,841
Liabilities and Stockholders’ equity
Liabilities
Dividends payable	$	2,200	$	1,706
Debt		28,870		20,620
Other liabilities		1,333		1,250
Total Liabilities		32,403		23,576
Stockholders’ equity		140,967		112,265
Total Liabilities and Stockholders’ equity	$	173,370	$	135,841

First Mid-Illinois Bancshares, Inc. (Parent Company)
Statements of Income
Years ended December 31,	2011			2010		2009
Income:
Dividends from subsidiaries	$	938		$	6,744	$	-
Other income		40			8		29
Total income		978			6,752		29
Operating expenses		2,414			2,728		2,958
Income (loss) before income taxes and equity
in undistributed earnings of subsidiaries		(1,436	)		4,024		(2,929	)
Income tax benefit		1,005			1,062		1,148
Income (loss) before equity in undistributed
earnings of subsidiaries		(431	)		5,086		(1,781	)
Equity in undistributed earnings of subsidiaries		11,803			3,675		9,995
Net income	$	11,372		$	8,761	$	8,214

First Mid-Illinois Bancshares, Inc. (Parent Company)
Statements of Cash Flows
Years ended December 31,	2011			2010			2009
Cash flows from operating activities:
Net income	$	11,372		$	8,761		$	8,214
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation, amortization, accretion, net		71			47			47
Dividends received from subsidiary		938			6,744			-
Equity in undistributed earnings of subsidiaries		(11,803	)		(3,675	)		(9,995	)
(Increase) decrease in other assets		(3,283	)		(9,966	)		(447	)
Increase (decrease)  in other liabilities		128			(12	)		(126	)
Net cash provided by (used in) operating activities		(2,577	)		1,899			(2,307	)
Cash flows from financing activities:
Repayment of long-term debt		-			-			(13,000	)
Proceeds from short-term debt		8,250			-			-
Proceeds from issuance of preferred stock		19,150			-			24,635
Proceeds from issuance of common stock		406			971			894
Purchase of treasury stock		(2,385	)		(2,499	)		(3,122	)
Dividends paid on preferred stock		(2,990	)		(2,136	)		(1,242	)
Dividends paid on common stock		(1,697	)		(1,714	)		(1,521	)
Net cash provided by (used in) financing activities		20,734			(5,378	)		6,644
Increase (decrease) in cash		18,157			(3,479	)		4,337
Cash at beginning of year		2,381			5,860			1,523
Cash at end of year	$	20,538		$	2,381		$	5,860