Note 12 - Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets	December 31,
	2019		2018
Assets
Cash due from subsidiaries	$	57	$	44
Interest-bearing deposits		623		357
Investments in subsidiaries		183,056		189,692
Refundable income taxes		423		396
Other assets		880		841
Total assets	$	185,039	$	191,330
Liabilities and Stockholders’ Equity
Other liabilities	$	1,313	$	1,092
Stockholders’ equity		183,726		190,238
Total liabilities and stockholders’ equity	$	185,039	$	191,330

Condensed Income Statement [Table Text Block]

Condensed Statements of Income	Years Ended December 31,
	2019			2018		2017
Income
Dividends from subsidiaries	$	28,556		$	9,419	$	8,141
Interest on securities – taxable		---			---		---
Realized securities gains, net		---			---		4
Other income		18			10		1,018
Total income		28,574			9,429		9,163
Expenses
Other expenses		1,025			1,244		1,986
Income before income tax benefit and equity in undistributed net income of subsidiaries		27,549			8,185		7,177
Applicable income tax benefit		266			308		383
Income before equity in undistributed net income of subsidiaries		27,815			8,493		7,560
Equity (deficit) in undistributed net income of subsidiaries		(10,349	)		7,658		6,532
Net income	$	17,466		$	16,151	$	14,092

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows	Years ended December 31,
	2019			2018			2017
Cash Flows f rom Operating Expenses
Net income	$	17,466		$	16,151		$	14,092
Adjustments to reconcile net income to net cash provided by operating activities:
Deficit (equity) in undistributed net income of subsidiaries		10,349			(7,658	)		(6,532	)
Gain on sale of securities		---			---			(4	)
Net change in refundable income taxes due from subsidiaries		(27	)		(228	)		(146	)
Net change in other assets		(173	)		(109	)		(156	)
Net change in other liabilities		221			115			(40	)
Net cash provided by operating activities		27,836			8,271			7,214
Cash Flows from Investing Activities
Net change in interest-bearing deposits		(266	)		146			807
Maturities, sales and calls of securities available for sale		---			---			192
Capital distribution to subsidiary		---			---			(100	)
Net cash (used in) provided by investing activities		(266	)		146			899
Cash Flows from Financing Activities
Cash dividends paid		(9,032	)		(8,419	)		(8,141	)
Repurchase of shares		(18,525	)
Net cash used in financing activities		(27,557	)		(8,419	)		(8,141	)
Net change in cash		13			(2	)		(28	)
Cash due from subsidiaries at beginning of year		44			46			74
Cash due from subsidiaries at end of year	$	57		$	44		$	46