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

12 Months Ended

Jun. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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 June 30, 2013 and 2012 and for the years ended June 30, 2013, 2012 and 2011 are presented as follows:

Condensed Balance Sheets	June 30,
(in thousands)	2013		2012
ASSETS
Cash and cash equivalents	$	4,584	$	6,247
Investments and marketable securities		-		-
Intercompany receivable		106		150
Investment in banking subsidiary		98,155		83,192
Investment in nonbanking subsidiaries		74,450		71,734
Intercompany note receivable		3,682		35,864
Other assets		1,203		851
Premises and other fixed assets		193		168
	$	182,373	$	198,206
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Accrued liabilities	$	421	$	1,218
Intercompany payable		137		171
Income taxes payable- deferred		936		378
		1,494		1,767
Stockholders' equity
Preferred stock; 2,500,000 shares authorized; none issued		-		-
Common stock, $.01 par value; 20,000,000 shares authorized; 10,447,227 (2013) and 10,433,684 (2012) issued and outstanding		104		104
Additional paid in capital		3,213		3,044
Retained earnings		176,972		192,603
Other comprehensive income, net of tax		590		688
		180,879		196,439
	$	182,373	$	198,206

Condensed Statements of Earnings	Years Ended June 30,
(in thousands)	2013			2012			2011
Income:
Dividends from non-bank subsidiary	$	-		$	-		$	-
Management fee income bank subsidiary		336			123			174
Management fee income non-bank subsidiaries		628			676			795
Interest income non-bank subsidiaries		331			648			774
Other interest income		5			78			267
Gain (loss) on investment securities		-			-			55
		1,300			1,525			2,065
Non-interest Expenses:
Salaries & benefits		1,332			1,202			1,182
Occupancy		142			152			94
Professional services		282			243			225
Other general & administrative		171			187			204
		1,927			1,784			1,705
Income (Loss) before taxes and equity in undistributed earnings of subsidiaries		(627	)		(259	)		360
Income tax expense (benefit)		(204	)		262			263
Equity in undistributed earnings of subsidiaries		7,777			9,424			10,810
Net Income	$	7,354		$	8,903		$	10,907

Condensed Statements of Cash Flows	Years Ended June 30,
(in thousands)	2013			2012			2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	7,354		$	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		558			(290	)		(1,098	)
Equity in undistributed earnings of subsidiaries		(7,777	)		(9,424	)		(10,810	)
Net change in other liabilities		(797	)		134			153
Net change in other assets		(347	)		318			2,509
Other, net		(25	)		(157	)		16
Net cash (used for) provided by operating activities		(1,034	)		(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		22,192			9,345			(784	)
Net cash provided by investing activities		22,192			11,615			6,187
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock		164			195			1,627
Dividends paid		(22,985	)		(11,462	)		(10,288	)
Net cash used for financing activities		(22,821	)		(11,267	)		(8,661	)
NET CHANGE IN CASH AND CASH EQUIVALENTS		(1,663	)		(167	)		(820	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		6,247			6,414			7,234
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	4,584		$	6,247		$	6,414