Condensed Financial Information (Parent Company Only)

12 Months Ended

Dec. 31, 2012

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Financial Information (Parent Company Only)

Note 20: Condensed Financial Information (Parent Company Only)

Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company:

Condensed Balance Sheets

	December 31,
	2012		2011
	(In thousands)
Assets
Cash and cash equivalents	$	1,438	$	1,820
Investment in the Bank		38,529		38,393
Corporate owned life insurance		291		272
Other assets		1,996		1,583
Total assets	$	42,254	$	42,068
Liabilities and Stockholders’ Equity
Subordinated debentures	$	4,000	$	4,000
Other liabilities		1,628		1,886
Stockholders’ equity		36,626		36,182
Total liabilities and stockholders’ equity	$	42,254	$	42,068

Condensed Statements of Income and Comprehensive Income

	Years Ended December 31,
	2012		2011
	(In thousands)
Operating Income
Dividends from subsidiary	$	3,511	$	4,448
Interest and dividend income from securities and federal funds		19		––
Total operating income		3,530		4,448
General, Administrative and Other Expenses		2,027		1,959
Income Before Income Taxes and Equity in Undistributed Income of Subsidiary		1,503		2,489
Income Tax Benefits		614		572
Income Before Equity in Undistributed Income of Subsidiary		2,117		3,061
Equity in Undistributed Income of Subsidiary		281		30
Net Income	$	2,398	$	3,091
Comprehensive Income	$	2,231	$	2,878

Condensed Statements of Cash Flows

	Years Ended December 31,
	2012			2011
	(In thousands)
Operating Activities
Net income	$	2,398		$	3,091
Items not requiring (providing) cash
Depreciation and amortization		12			12
Equity in undistributed income of subsidiary		(281	)		(30	)
Amortization of ESOP and share-based compensation plans		408			403
Net change in other assets and other liabilities		(724	)		(788	)
Net cash provided by operating activities		1,813			2,688
Financing Activities
Dividends paid to stockholders		(2,253	)		(2,988	)
Proceeds from purchases of common stock by the dividend reinvestment plan		––			236
Purchase of treasury stock		(63	)		––
Shares purchased for deferred compensation plan		121			72
Net cash used in financing activities		(2,195	)		(2,680	)
Net Change in Cash and Cash Equivalents		(382	)		8
Cash and Cash Equivalents at Beginning of Year		1,820			1,812
Cash and Cash Equivalents at End of Year	$	1,438		$	1,820