Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Parent Company Financial Information [Abstract]

Schedule of Condensed Statements of Financial Condition

Condensed Statements of Financial Condition	December 31
(Dollars in thousands)	2017		2016
Assets
Cash	$	114	$	1,354
Investment in subsidiary		120,530		112,150
Other assets		457		484
Total assets	$	121,101	$	113,988
Liabilities and Stockholders’ Equity
Liabilities
Junior subordinated debentures	$	9,279	$	9,279
Subordinated debt		9,750		9,750
Other liabilities		130		119
Total liabilities		19,159		19,148
Stockholders’ equity		101,942		94,840
Total liabilities and stockholders’ equity	$	121,101	$	113,988

Schedule of Condensed Statements of Income

	Year Ended
Condensed Statements of Income	December 31
(Dollars in thousands)	2017		2016
Income:
Equity in undistributed income of subsidiary	$	8,496	$	(3,213)
Dividends from subsidiary		250		8,950
Total income		8,746		5,737
Expense:
Interest expense		800		758
Total expense		800		758
Net income	$	7,946	$	4,979

Schedule of Condensed Statement of Comprehensive Income

		Year Ended
Condensed Statements of Comprehensive Income		December 31
(Dollars in thousands)		2017		2016
Net income	$	7,946	$	4,979
Other Comprehensive Income (Loss):
Unrealized holding losses on AFS investment securities arising during the period
Before tax amount		(117)		(56)
Tax effect		40		19
		(77)		(37)
Accretion of discount on AFS to HTM reclassification
Before tax amount(1)		8		9
Tax effect(2)		(3)		(3)
		5		6
Less reclassification for gains on sales of AFS investment securities included in net income
Before tax amount(3)		(9)		(410)
Tax effect(2)		3		139
		(6)		(271)
Other comprehensive income (loss) - securities		(78)		(302)
Unrealized actuarial gains (losses) - pension
Before tax amount		(57)		20
Tax effect		19		(7)
		(38)		13
Total other comprehensive income		(116)		(289)
Total comprehensive income	$	7,830	$	4,690
(1) Amounts are included in "Interest and dividends on investment securities" in the consolidated statements of income.
(2) Amounts are included in "Income tax expense" in the consolidated statements of income.
(3) Amounts are included in "Gains on sale of investment securities, net" in the consolidated statements of income.

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows	Year Ended December 31
(Dollars in thousands)	2017		2016
Cash Flows From Operating Activities:
Net income	$	7,946	$	4,979
Adjustments to reconcile net income to net cash used in
operating activities:
Equity in income of subsidiary and dividends		(8,746)		(5,737)
Stock based compensation		559		940
Dividends to holding company		250		8,950
Net change in other liabilities		11		16
Net change in other assets		27		(1,397)
Net Cash Provided by Operating Activities		47		7,751
Cash Flows From Investing Activities:
Net cash disbursed in connection with acquisition		-		(5,488)
Net Cash Used in Investing Activities		-		(5,488)
Cash Flows From Financing Activities:
Sale of treasury stock		542		424
Tax benefit for restricted stock vesting		-		188
Taxes on exercise of stock options		(635)		(701)
Dividends paid		(1,194)		(895)
Net Cash Used in Financing Activities		(1,287)		(984)
Net Change in Cash and Cash Equivalents		(1,240)		1,279
Cash and cash equivalents at Beginning of Period		1,354		75
Cash and cash equivalents at End of Period	$	114	$	1,354