Condensed Financial Information of Hudson Valley Holding Corp. (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheets

Condensed Balance Sheets

(In thousands)

	December 31,
	2013		2012
Assets
Due from banks	$	1,381	$	975
Investment in subsidiaries		282,072		289,427
Equity securities		1,223		952
Other assets		71		27
Total Assets	$	284,747	$	291,381
Liabilities and Stockholders’ Equity
Other liabilities	$	438	$	410
Stockholders’ equity		284,309		290,971
Total Liabilities and Stockholders’ Equity	$	284,747	$	291,381

Schedule of Condensed Statement of Income

Condensed Statements of Income

(In thousands)

	Year Ended December 31,
	2013			2012		2011
Dividends from subsidiaries	$	4,685		$	7,040	$	5
Dividends from equity securities		50			105		76
Other income		—			—		2
Operating expenses		553			619		699
Income (loss) before equity in undistributed earnings of subsidiaries		4,182			6,526		(616	)
Equity in undistributed earnings of subsidiaries		(3,052	)		22,655		(1,521	)
Net Income (Loss)	$	1,130		$	29,181	$	(2,137	)

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

(In thousands)

	Year Ended December 31,
	2013			2012			2011
Operating Activities:
Net income (loss)	$	1,130		$	29,181		$	(2,137	)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		3,052			(22,655	)		1,521
(Decrease) increase in other liabilities		(108	)		(113	)		25
(Increase) decrease in other assets		(44	)		(1	)		3
Other changes, net		(49	)		—			—
Net cash provided by (used in) operating activities		3,981			6,412			(588	)
Investing Activities:
Proceeds from sales of equity securities		60			8			4
Net cash provided (used) by investing activities		60			8			4
Financing Activities:
Proceeds from issuance of common stock and sale of treasury stock		1,094			547			1,223
Cash dividends paid		(4,729	)		(14,125	)		(12,401	)
Net cash used in financing activities		(3,635	)		(13,578	)		(11,178	)
Increase (decrease) in cash and cash equivalents		406			(7,158	)		(11,762	)
Cash and cash equivalents, beginning of period		975			8,133			19,895
Cash and cash equivalents, end of year	$	1,381		$	975		$	8,133