Parent Company Financial Information

12 Months Ended

Dec. 31, 2013

Parent Company Financial Information [Abstract]

Parent Company Financial Information

Note 22 – Parent Company Financial Information

Condensed Parent Company financial information is as follows (in thousands):

	December 31,
Condensed Balance Sheets	2013		2012
Cash	$	2,872	$	2,288
Investment in subsidiaries		190,759		187,958
Due from subsidiaries		322		380
Other assets		1,123		8
Total Assets	$	195,076	$	190,634
Trust preferred capital notes	$	27,419	$	27,317
Other liabilities		106		71
Shareholders' equity		167,551		163,246
Total Liabilities and Shareholders' Equity	$	195,076	$	190,634

	Years Ended December 31,
Condensed Statements of Income	2013			2012			2011
Dividends from subsidiary	$	9,000		$	8,000		$	4,500
Other income		48			27			84
Expenses		994			1,159			2,542
Income taxes (benefit)		(322	)		(380	)		(447	)
Income before equity in undistributed earnings of subsidiary		8,376			7,248			2,489
Equity in undistributed earnings of subsidiary		7,371			8,758			9,082
Net Income	$	15,747		$	16,006		$	11,571

	Years Ended December 31,
Condensed Statements of Cash Flows	2013			2012			2011
Cash provided by dividends received from subsidiary	$	9,000		$	8,000		$	4,500
Cash used for payment of dividends		(7,248	)		(7,212	)		(6,524	)
Cash used for repurchase of stock		-			-			(3,100	)
Proceeds from exercise of options and stock compensation		883			856			769
Other		(2,051	)		(1,326	)		(2,260	)
Net increase (decrease)  in cash	$	584		$	318		$	(6,615	)