Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2011

Parent Company Only Condensed Financial Information [Abstract]

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

NOTE 19 – PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed financial statements for National Bancshares Corporation (parent only) are as follows:

CONDENSED BALANCE SHEETS

	December 31,
	2011		2010
ASSETS
Cash and cash equivalents	$	520	$	1,314
Investment in Bank subsidiary		39,645		35,239
Investment in real estate subsidiary		2,466		2,342
Securities available for sale		20		10
Other assets		271		253
Total assets	$	42,922	$	39,158
LIABILITIES AND SHAREHOLDERS’ EQUITY
Dividends payable	$	177	$	177
Shareholders’ equity		42,745		38,981
Total liabilities and shareholders’ equity	$	42,922	$	39,158

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Years ended December 31,
	2011			2010			2009
INCOME
Dividends from Bank subsidiary	$	—		$	—		$	—
Total Income		—			—			—
EXPENSES
Miscellaneous expense		(60	)		(48	)		(59	)
Income (loss) before income tax benefit and undistributed subsidiary income		(60	)		(48	)		(59	)
Income tax benefit		21			16			20
Undistributed equity in net income of Bank subsidiary		2,652			1,385			1,648
Undistributed equity in net loss of real estate subsidiary		(1	)		(28	)		—
Net income	$	2,612		$	1,325		$	1,609
Comprehensive income	$	4,332		$	761		$	2,643

CONDENSED STATEMENTS OF CASH FLOWS

	Years ended December 31,
	2011			2010			2009
Cash flows from operating activities
Net income	$	2,612		$	1,325		$	1,609
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed net income of Bank subsidiary		(2,652	)		(1,385	)		(1,648	)
Equity in undistributed net loss of real estate subsidiary		1			28			—
Change in other assets and liabilities		76			(16	)		31
Net cash from operating activities		37			(48	)		(8	)
Cash flows from investing activities
Investment in real estate subsidiary		(125	)		(2,370	)		—
Net cash from investing activities		(125	)		(2,370	)		—
Cash flows from financing activities
Dividends paid		(706	)		(706	)		(881	)
Net cash from financing activities		(706	)		(706	)		(881	)
Net change in cash		(794	)		(3,124	)		(889	)
Beginning cash and cash equivalents		1,314			4,438			5,327
Ending cash and cash equivalents	$	520		$	1,314		$	4,438