Parent Company Financial Information

12 Months Ended

Dec. 31, 2014

Parent Company Financial Information [Abstract]

Parent Company Financial Information

(15)  PARENT COMPANY FINANCIAL INFORMATION

Condensed financial information of DNB Financial Corporation (parent company only) follows:

Condensed Statements of Financial Condition	December 31
(Dollars in thousands)	2014		2013
Assets
Cash	$	160	$	157
Investment securities, at fair value		18		18
Investment in subsidiary		73,206		67,883
Other assets		104		111
Total assets	$	73,488	$	68,169
Liabilities and Stockholders’ Equity
Liabilities
Junior subordinated debentures	$	9,279	$	9,279
Other liabilities		301		307
Total liabilities		9,580		9,586
Stockholders’ equity		63,908		58,583
Total liabilities and stockholders’ equity	$	73,488	$	68,169

	Year Ended
Condensed Statements of Income	December 31
(Dollars in thousands)	2014		2013
Income:
Equity in undistributed income of subsidiary	$	4,548	$	3,631
Dividends from subsidiary		551		590
Total income		5,099		4,221
Expense:
Interest expense		295		302
Total expense		295		302
Net income	$	4,804	$	3,919

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Condensed Statements of Comprehensive Income		Year Ended
(Dollars in thousands)		December 31
		2014		2013
Net income	$	4,804	$	3,919
Other comprehensive income:
Unrealized holding gains (losses) arising during the period
Before tax amount		-		4
Tax effect		-		(1)
Net of tax		-		3
Total other comprehensive income (loss)		-		3
Total comprehensive income	$	4,804	$	3,922

Condensed Statements of Cash Flows	Year Ended December 31
(Dollars in thousands)	2014		2013
Cash Flows From Operating Activities:
Net income	$	4,804	$	3,919
Adjustments to reconcile net income to net cash used
in operating activities:
Equity in income of subsidiary and dividends		(5,099)		(4,221)
Unvested stock amortization		244		204
Net change in other liabilities		(5)		(8)
Net change in other assets		7		6
Net Cash Used in Operating Activities		(49)		(100)
Cash Flows From Investing Activities:
Payments for investments in and advances to subsidiaries		(269)		(213)
Sale or repayment of investments in and advances to subsidiaries		818		803
Net Cash Provided by Investing Activities		549		590
Cash Flows From Financing Activities:
Sale of treasury stock		370		344
Proceeds from exercises of stock options		39		-
Dividends paid		(906)		(899)
Net Cash Used in Financing Activities		(497)		(555)
Net Change in Cash and Cash Equivalents		3		(65)
Cash and cash equivalents at Beginning of Period		157		222
Cash and cash equivalents at End of Period	$	160	$	157