CONDENSED FINANCIAL INFORMATION OF BRITTON & KOONTZ CAPITAL CORPORATION

12 Months Ended

Dec. 31, 2011

CONDENSED FINANCIAL INFORMATION OF BRITTON & KOONTZ CAPITAL CORPORATION [Abstract]

CONDENSED FINANCIAL INFORMATION OF BRITTON & KOONTZ CAPITAL CORPORATION

NOTE S. CONDENSED FINANCIAL INFORMATION OF BRITTON & KOONTZ CAPITAL CORPORATION

The financial information of Britton & Koontz Capital Corporation, parent company only, is as follows:

BALANCE SHEETS

	December 31
	2011		2010
ASSETS:
Cash	$	2,009,153	$	2,408,344
Investment in subsidiaries		41,893,959		42,474,012
Other assets		90,826		207,584
TOTAL ASSETS	$	43,993,938	$	45,089,940
LIABILITIES:
Junior subordinated debentures	$	5,155,000	$	5,155,000
Other liabilities		3,199		2,967
TOTAL LIABILITIES		5,158,199		5,157,967
STOCKHOLDERS' EQUITY		38,835,739		39,931,973
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY	$	43,993,938	$	45,089,940

STATEMENTS OF INCOME

	Years Ended December 31,
	2011			2010
REVENUE:
Dividend Received:
Britton & Koontz Bank, N.A.	$	800,000		$	1,200,000
Other income		1,437			2,766
		801,437			1,202,766
EXPENSES		335,113			349,704
		466,324			853,062
INCOME TAX EXPENSE (BENEFIT)		(108,452	)		(129,408	)
		574,776			982,470
EQUITY IN UNDISTRIBUTED EARNINGS:
Britton & Koontz Bank, N.A.		(180,300	)		928,937
B&K Title Insurance Agency, Inc.		-			1,338
NET INCOME	$	394,476		$	1,912,745

STATEMENTS OF CASH FLOWS

	Years Ended December 31,
	2011			2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	394,476		$	1,912,745
Adjustments to reconcile net income to net cash provided by operating activities:
Deficit/(equity) on undistributed earnings and losses of subsidiaries		180,300			(930,275	)
Unearned Compensation		10,173			(47,469	)
(Increase)/decrease in other assets		116,758			(113,683	)
Increase/(decrease) in other liabilities		234			45
Net Cash Provided by (Used in) Operating Activities		701,941			821,363
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid		(1,155,671	)		(1,537,535	)
Fair value of stock options		1,989			6,572
Common stock issued		101,500			107,100
Common stock forfeiture		(48,950	)		-
Net Cash (Used in) Financing Activities		(1,101,132	)		(1,423,863	)
NET INCREASE/(DECREASE) IN CASH		(399,191	)		(602,500	)
CASH AT BEGINNING OF YEAR		2,408,344			3,010,844
CASH AT END OF YEAR	$	2,009,153		$	2,408,344