Note 18 - California First National Bancorp (Parent Only) Financial Information:

12 Months Ended

Jun. 30, 2012

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

Note 18 – California First National Bancorp (Parent Only) Financial Information:

The condensed financial statements of California First National Bancorp as of and for the years ended June 30, 2012, and 2011 are presented as follows:

Condensed Balance Sheets	June 30,		June 30,
(in thousands, except per share amounts)	2012		2011
ASSETS
Cash and cash equivalents	$	6,247	$	6,414
Investments and marketable securities		-		2,322
Intercompany receivable		150		166
Investment in banking subsidiary		83,192		79,497
Investment in nonbanking subsidiary		71,734		66,792
Intercompany note receivable		35,864		45,216
Other assets		851		1,169
Premises and other fixed assets		168		11
		198,206		201,587
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Accrued liabilities		1,218		1,084
Intercompany payable		171		194
Income taxes payable- deferred		378		687
		1,767		1,965
Stockholders' equity
Preferred stock; 2,500,000 shares authorized; none issued		-		-
Common stock, $.01 par value; 20,000,000 shares authorized; 10,433,684 ( 2012) and 10,417,597 (2011) issued and outstanding		104		104
Additional paid in capital		3,044		2,849
Retained earnings		192,603		195,162
Other comprehensive income, net of tax		688		1,507
		196,439		199,622
	$	198,206	$	201,587

Condensed Statements of Earnings	June 30,			June 30,
(in thousands)		2012			2011
Income:
Dividends from non-bank subsidiary	$	-		$	-
Management fee income bank subsidiary		123			174
Management fee income non-bank subsidiary		676			795
Interest income non-bank subsidiary		648			774
Other interest income		78			267
Gain (loss) on investment securities		-			55
		1,525			2,065
Non-interest Expenses:
Salaries & benefits		1,202			1,182
Occupancy		152			94
Professional services		243			225
Other general & administrative		187			204
		1,784			1,705
Income (Loss) before taxes and equity in undistributed earnings of subsidiaries		(259	)		360
Income tax expense		262			263
Equity in undistributed earnings of subsidiaries		9,424			10,810
Net Income	$	8,903		$	10,907

Condensed Statements of Cash Flows	June 30,			June 30,
(in thousands)	2012			2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	8,903		$	10,907
Adjustments to reconcile net earnings to cash flows:
Amortization of premiums or discounts on securities, net		1			32
Net (gain) loss recognized on investment securities		-			(55	)
Deferred income taxes		(290	)		(1,098	)
Equity in undistributed earnings of subsidiaries		(9,424	)		(10,810	)
Net change in other liabilities		134			153
Net change in other assets		318			2,509
Other, net		(157	)		16
Net cash (used for) provided by operating activities		(515	)		1,654
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of investment securities		2,270			6,971
Payments for investments in and (advances to) subsidiaries		9,345			(784	)
Net cash provided by investing activities		11,615			6,187
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock		195			1,627
Dividends paid		(11,462	)		(10,288	)
Net cash used for financing activities		(11,267	)		(8,661	)
NET CHANGE IN CASH AND CASH EQUIVALENTS		(167	)		(820	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		6,414			7,234
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	6,247		$	6,414