Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2012

	December 31,
	2012		2011
Assets
Cash due from subsidiaries	$	21	$	2
Securities available for sale		1,597		2,140
Investments in subsidiaries, at equity		148,443		139,267
Refundable income taxes		77		---
Other assets		635		570
Total assets	$	150,773	$	141,979

Liabilities and Stockholders' Equity
Other liabilities	$	664	$	680
Stockholders' equity		150,109		141,299
Total liabilities and stockholders' equity	$	150,773	$	141,979

Condensed Statements of Income	Years Ended December 31,
	2012		2011		2010
Income
Dividends from subsidiaries	$	7,639	$	7,258	$	6,309
Interest on securities – taxable		5		17		23
Interest on securities – nontaxable		33		42		44
Other income		1,213		1,210		1,157
	$	8,890	$	8,527	$	7,533

Expenses
Other expenses	$	1,791	$	1,794	$	1,756
Income before income tax benefit and equity in undistributed net income of subsidiaries		7,099		6,733		5,777
Applicable income tax benefit		136		148		152
Income before equity in undistributed net income of subsidiaries		7,235		6,881		5,929
Equity in undistributed net income of subsidiaries		10,512		10,757		9,640
Net income	$	17,747	$	17,638	$	15,569

Condensed Statements of Cash Flows	Years ended December 31,
	2012			2011			2010
Cash Flows from Operating Expenses
Net income	$	17,747		$	17,638		$	15,569
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		(10,512	)		(10,757	)		(9,640	)
Amortization of premiums and accretion of discounts, net		1			1			2
Depreciation expense		12			9			9
Net change in refundable income taxes due from subsidiaries		77			---			56
Net change in other assets		(199	)		147			(24	)
Net change in other liabilities		(124	)		(364	)		244
Net cash provided by operating activities		7,002			6,674			6,216

Cash Flows from Investing Activities
Purchases of securities available for sale		(815	)		(1,973	)		(1,868	)
Maturities and calls of securities available for sale		1,352			2,250			1,950
Net cash provided by investing activities		537			277			82

Cash Flows from Financing Activities
Cash dividends paid		(7,639	)		(6,938	)		(6,309	)
Exercise of stock options		119			92			---
Capital distribution to subsidiary		---			(105	)		---
Net cash used in financing activities		(7,520	)		(6,951	)		(6,309	)
Net change in cash		19			---			(11	)
Cash due from subsidiaries at beginning of year		2			2			13
Cash due from subsidiaries at end of year	$	21		$	2		$	2