Juniata Valley Financial Corp. (Parent Company Only) Financial Information (Tables)

12 Months Ended

Dec. 31, 2020

Juniata Valley Financial Corp. (Parent Company Only) Financial Information [Abstract]

Condensed Balance Sheets

CONDENSED BALANCE SHEETS

(Dollars in thousands)

	December 31,
	2020		2019
ASSETS
Cash and cash equivalents	$	145	$	80
Investment in bank subsidiary		75,441		72,353
Equity securities		935		947
Debt securities available for sale		—		253
Other assets		77		99
TOTAL ASSETS	$	76,598	$	73,732
LIABILITIES
Accounts payable and other liabilities	$	1	$	25
STOCKHOLDERS’ EQUITY		76,597		73,707
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	76,598	$	73,732

Condensed Statements of Income and Comprehensive Income

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Dollars in thousands)

	Years Ended December 31,
	2020		2019
INCOME
Interest and dividends on investment securities available for sale	$	46	$	47
Dividends from bank subsidiary		5,750		4,489
Change in value of equity securities		(12)		8
TOTAL INCOME		5,784		4,544
EXPENSE
Other non-interest expense		166		176
TOTAL EXPENSE		166		176
INCOME BEFORE INCOME TAXES AND EQUITY
IN UNDISTRIBUTED NET INCOME OF SUBSIDIARY		5,618		4,368
Income tax benefit		(32)		(35)
		5,650		4,403
Undistributed net (loss) income of subsidiary		(48)		1,432
NET INCOME	$	5,602	$	5,835
COMPREHENSIVE INCOME	$	8,609	$	10,733

Condensed Statements of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

	Years Ended December 31,
	2020		2019
Cash flows from operating activities:
Net income	$	5,602	$	5,835
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed net loss (income) of subsidiary		48		(1,432)
Change in value of equity securities		12		(8)
(Increase) decrease in other assets		(13)		542
Increase (decrease) in taxes payable		29
(Decrease) increase in accounts payable and other liabilities		(16)		14
Net cash provided by operating activities		5,662		4,951
Cash flows from investing activities:
Proceeds from the maturity of available for sale investment securities		250		—
Net cash used in investing activities		250		—
Cash flows from financing activities:
Cash dividends		(4,465)		(4,489)
Purchase of treasury stock		(1,452)		(428)
Treasury stock issued for stock plans		70		400
Net cash used in financing activities		(5,847)		(4,517)
Net increase in cash and cash equivalents		65		434
Cash and cash equivalents at beginning of year		482		48
Cash and cash equivalents at end of year	$	547	$	482