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Condensed Parent Company Only Financial Information (Tables)
12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheets

CONDENSED BALANCE SHEETS (IN THOUSANDS):

 

December 31, 2014 2013   2012

Assets

Investments in subsidiaries, at underlying equity:

  Bank subsidiary

 $ 91,179    $ 94,883    $ 106,266   

  Nonbank subsidiary

  1      1      1   

Cash in bank subsidiary

  160      487      360   

Other assets

  3,611      3,937      4,288   
  

 

 

 

Total assets

 $ 94,951    $ 99,308    $ 110,915   
  

 

 

 

Liabilities and Shareholders’ Equity:

Other liabilities

 $      $ 161    $ 161   
  

 

 

 

Total liabilities

  161      161   

Shareholders’ equity

  94,951      99,147      110,754   
  

 

 

 

Total liabilities and shareholders’ equity

 $         94,951    $         99,308    $         110,915   
  

 

 

 

Condensed Statements of Income

CONDENSED STATEMENTS OF OPERATIONS (IN THOUSANDS):

 

Years Ended December 31, 2014 2013 2012  

Income

Earnings of unconsolidated bank subsidiary:

  Distributed earnings

 $      $      $ 1,150    

  Undistributed earnings (loss)

  (10,025   (494   1,845    

Loss on impairment of other investments

  (360)   

Other income

  (53   57      (71)   
  

 

 

 

Total income (loss)

  (10,078   (437   2,564    
  

 

 

 

Expenses

Other

  124      122      105    
  

 

 

 

Total expenses

  124      122      105    
  

 

 

 

Income (loss) before income taxes

  (10,202   (559   2,459    

Income tax benefit

  (198   (21   (182)   
  

 

 

 

Net income (loss)

   $        (10,004   $        (538   $        2,641    
  

 

 

 

Condensed Statements of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS (IN THOUSANDS):

 

Years Ended December 31, 2014 2013 2012  

Cash flows from operating activities:

Net income (loss)

  $        (10,004   $            (538   $            2,641    

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

(Income) loss on other investments

  64      (42   84    

Loss on impairment of other investments

  360    

Undistributed (income) loss of unconsolidated subsidiaries

  10,025      494      (1,845)   

Other assets

  25      164      (182)   

Other liabilities

  (161   (1)   
  

 

 

 

Net cash provided by (used in) operating activities

  (51   78      1,057    
  

 

 

 

Cash flows from investing activities:

Redemption of equity securities

  236      230      36    
  

 

 

 

Net cash provided by investing activities

  236      230      36    
  

 

 

 

Cash flows from financing activities:

Retirement of stock

  (181

Dividends paid

  (512   (1,541)   
  

 

 

 

Net cash used in financing activities

  (512   (181   (1,541)   
  

 

 

 

Net increase (decrease) in cash

  (327   127      (448)   

Cash, beginning of year

  487      360      808    
  

 

 

 

Cash, end of year

$ 160    $ 487    $ 360