Note 13 - Condensed Financial Statements of Parent Company

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note 13: Condensed Financial Statements of Parent Company

Financial information pertaining only to NBI (Parent) is as follows:

Condensed Balance Sheets

	December 31,
	2014		2013
Assets
Cash due from subsidiaries	$	10	$	27
Interest-bearing deposits		477		690
Securities available for sale		127		623
Securities held to maturity (fair value approximates $450 at December 31, 2014 and $0 at December 31, 2013)		452		---
Investments in subsidiaries, at equity		165,647		144,513
Other assets		188		478
Total assets	$	166,901	$	146,331
Liabilities and Stockholders’ Equity
Other liabilities	$	598	$	439
Stockholders’ equity		166,303		145,892
Total liabilities and stockholders’ equity	$	166,901	$	146,331

Condensed Statements of Income

	Years Ended December 31,
	2014		2013			2012
Income
Dividends from subsidiaries	$	7,853	$	7,882		$	7,639
Interest on securities – taxable		2		2			5
Interest on securities – nontaxable		1		19			33
Realized securities losses, net		---		(94	)		---
Other income		1,250		1,219			1,213
	$	9,106	$	9,028		$	8,890
Expenses
Other expenses	$	2,046	$	1,943		$	1,791
Income before income tax benefit and equity in undistributed net income of subsidiaries		7,060		7,085			7,099
Applicable income tax benefit		136		160			136
Income before equity in undistributed net income of subsidiaries		7,196		7,245			7,235
Equity in undistributed net income of subsidiaries		9,718		10,545			10,512
Net income	$	16,914	$	17,790		$	17,747

Condensed Statements of Cash Flows

	Years ended December 31,
	2014			2013			2012
Cash Flows from Operating Expenses
Net income	$	16,914		$	17,790		$	17,747
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		(9,718	)		(10,545	)		(10,512	)
Amortization of premiums and accretion of discounts, net		1			---			1
Depreciation expense		9			17			12
(Gains) Losses on disposal of fixed assets		94			---			---
Net change in refundable income taxes due from subsidiaries		96			77			77
Net change in other assets		(63	)		3			(199	)
Net change in other liabilities		(33	)		20			(124	)
Losses on securities		---			94			---
Net cash provided by operating activities		7,300			7,456			7,002
Cash Flows from Investing Activities
Net Change in interest-bearing deposits		213			(2	)		(124	)
Purchases of securities available for sale		---			(612	)		(691	)
Purchases of securities held to maturity		(453	)		---			---
Maturities and calls of securities available for sale		455			945			1,352
Proceeds from sale of premises and equipment		263			---			---
Net cash provided by investing activities		478			331			537
Cash Flows from Financing Activities
Cash dividends paid		(7,853	)		(7,781	)		(7,639	)
Exercise of stock options		58			---			119
Net cash used in financing activities		(7,795	)		(7,781	)		(7,520	)
Net change in cash		17			6			19
Cash due from subsidiaries at beginning of year		27			21			2
Cash due from subsidiaries at end of year	$	10		$	27		$	21