Condensed Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

CONDENSED BALANCE SHEETS (IN THOUSANDS):


December 31,	2017		2016		2015

Assets
Investments in subsidiaries, at underlying equity:
Bank subsidiary	$	85,543	$	85,118	$	88,415
Nonbank subsidiary		1		1		1

Cash in bank subsidiary		742		191		28

Other assets		3,213		3,151		3,395


Total assets	$	89,499	$	88,461	$	91,839


Liabilities and Shareholders’ Equity:
Other liabilities	$		$		$


Total liabilities

Shareholders’ equity		89,499		88,461		91,839


Total liabilities and shareholders’ equity	$	89,499	$	88,461	$	91,839

CONDENSED STATEMENTS OF OPERATIONS (IN THOUSANDS):


Years Ended December 31,	2017		2016			2015

Income
Distributed income of bank subsidiary	$	1,250	$	75		$
Undistributed income (loss) of bank subsidiary		1,592		247			(4,242)
Other income (loss)		47		(32	)		(208)


Total income (loss)		2,889		290			(4,450)


Expenses
Other		131		123			142


Total expenses		131		123			142


Income (loss) before income taxes		2,758		167			(4,592)
Income tax benefit


Net income (loss)	$	2,758	$	167		$	(4,592)

CONDENSED STATEMENTS OF CASH FLOWS (IN THOUSANDS):


Years Ended December 31,	2017			2016			2015

Cash flows from operating activities:
Net income (loss)	$	2,758			$ 167		$	(4,592)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Income (loss) from other investments		(42	)		51			218
Undistributed (income) loss of subsidiaries		(1,592	)		(247	)		4,242
Other assets		(20	)		(8	)


Net cash provided by (used in) operating activities		1,104			(37	)		(132	)


Cash flows from investing activities:
Redemption of equity securities					200


Net cash provided by investing activities					200


Cash flows from financing activities:
Retirement of common stock		(502	)
Dividends paid		(51	)


Net cash used in financing activities		(553	)


Net increase (decrease) in cash		551			163			(132)
Cash, beginning of year		191			28			160


Cash, end of year	$	742		$	191		$	28