Condensed Financial Information - Parent Company Only

12 Months Ended

Dec. 31, 2011

Condensed Financial Information - Parent Company Only [Abstract]

Condensed Financial Information - Parent Company Only

Note 17: Condensed Financial Information – Parent Company Only

The condensed financial statements of Bar Harbor Bankshares as of December 31, 2011 and 2010, and for the years ended December 31, 2011, 2010 and 2009 are presented below:

BALANCE SHEETS

December 31

	2011		2010
Cash	$	754	$	317
Investment in subsidiaries		119,080		104,602
Premises		692		734
Other assets		4		91
Total assets	$	120,530	$	105,744
Liabilities
Total liabilities	$	2,280	$	2,136
Shareholders' equity
Total shareholders' equity		118,250		103,608
Liabilities and Shareholders' equity	$	120,530	$	105,744

STATEMENTS OF INCOME

Years Ended December 31

	2011			2010			2009
Dividend income from subsidiaries	$	4,180		$	4,068		$	3,691
Equity in undistributed earnings of subsidiaries (1)		7,505			7,464			7,459
Bankshares expenses		(865	)		(1,206	)		(1,083	)
Tax benefit		223			336			283
Net income	$	11,043		$	10,662		$	10,350

(1) Amount in parentheses represents the excess of dividends over net income subsidiaries.

STATEMENTS OF CASH FLOWS

Years Ended December 31

	2011			2010			2009
Cash flows from operating activities:
Net income	$	11,043		$	10,662		$	10,350
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation		42			16			25
Recognition of stock based expense		99			217			129
Net change in other assets		(142	)		216			(58	)
Net change in other liabilities		144			348			118
Equity in undistributed earnings of subsidiaries		(7,505	)		(7,464	)		(7,459	)
Net cash provided by operating activities		3,681			3,995			3,105
Cash flows from investing activities:
Additional investments in subsidiaries		--			16,631			(38,932	)
Capital expenditures		(4	)		(9	)		(8	)
Net cash provided by (used in) investing activities		(4	)		16,622			(38,940	)
Cash flows from financing activities:
Purchases of treasury stock		(623	)		(275	)		(144	)
Purchase of preferred stock and warrants		--			(19,152	)		-
Proceeds from issuance of equity instruments		--			1,941			38,932
Proceeds from stock option exercises		1,611			1,083			552
Dividends paid		(4,228	)		(4,093	)		(3,784	)
Net cash (used in) provided by financing activities		(3,240	)		(20,496	)		35,556
Net increase (decrease) in cash		437			121			(279	)
Cash and cash equivalents, beginning of year		317			196			475
Cash and cash equivalents, end of year	$	754		$	317		$	196