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

12 Months Ended

Dec. 31, 2021

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

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

25. JUNIATA VALLEY FINANCIAL CORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

CONDENSED BALANCE SHEETS

(Dollars in thousands)

	December 31,
	2021		2020
ASSETS
Cash and cash equivalents	$	85	$	145
Investment in bank subsidiary		70,265		75,441
Equity securities		914		935
Other assets		38		77
TOTAL ASSETS	$	71,302	$	76,598
LIABILITIES
Accounts payable and other liabilities	$	12	$	1
STOCKHOLDERS’ EQUITY		71,290		76,597
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	71,302	$	76,598

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Dollars in thousands)

	Years Ended December 31,
	2021		2020
INCOME
Interest and dividends on investment securities available for sale	$	43	$	46
Dividends from bank subsidiary		5,074		5,750
Change in value of equity securities		97		(12)
TOTAL INCOME		5,214		5,784
EXPENSE
Other non-interest expense		184		166
TOTAL EXPENSE		184		166
INCOME BEFORE INCOME TAXES AND EQUITY
IN UNDISTRIBUTED NET INCOME OF SUBSIDIARY		5,030		5,618
Income tax benefit		(25)		(32)
		5,055		5,650
Undistributed net (loss) income of subsidiary		1,549		(48)
NET INCOME	$	6,604	$	5,602
COMPREHENSIVE INCOME	$	(279)	$	8,609

CONDENSED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

	Years Ended December 31,
	2021		2020
Cash flows from operating activities:
Net income	$	6,604	$	5,602
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed net (income) loss of subsidiary		(1,549)		48
Change in value of equity securities		(97)		12
Increase in other assets		39		(13)
Increase in other liabilities		11		13
Net cash provided by operating activities		5,008		5,662
Cash flows from investing activities:
Proceeds from the maturity of available for sale investment securities		118		250
Net cash used in investing activities		118		250
Cash flows from financing activities:
Cash dividends		(4,402)		(4,465)
Purchase of treasury stock		(861)		(1,452)
Treasury stock issued for stock plans		77		70
Net cash used in financing activities		(5,186)		(5,847)
Net increase in cash and cash equivalents		(60)		65
Cash and cash equivalents at beginning of year		145		80
Cash and cash equivalents at end of year	$	85	$	145