Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2016

Parent Company Only Financial Information [Abstract]

Parent Company Only Financial Information

21.PARENT COMPANY ONLY FINANCIAL INFORMATION

Parent company (Evans Bancorp, Inc.) only condensed financial information is as follows:

CONDENSED BALANCE SHEETS

		December 31,
		2016		2015
		(in thousands)
ASSETS
Cash	$	240	$	1,030
Other assets		961		1,411
Investment in subsidiaries		108,069		103,309
Total assets	$	109,270	$	105,750
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Junior subordinated debentures	$	11,330	$	11,330
Other liabilities		1,192		3,164
Total liabilities		12,522		14,494
STOCKHOLDERS’ EQUITY
Total Stockholders’ Equity	$	96,748	$	91,256
Total liabilities and stockholders’ equity	$	109,270	$	105,750

CONDENSED STATEMENTS OF INCOME

		December 31,
		2016		2015		2014
		(in thousands)
Dividends from subsidiaries	$	5,300	$	2,000	$	7,000
Expenses		(1,477)		(1,387)		(1,363)
Income before equity in undistributed
earnings of subsidiaries		3,823		613		5,637
Equity in undistributed earnings of subsidiaries		4,449		7,230		2,550
Net income		8,272		7,843		8,187
Other comprehensive income		-		-		-
Comprehensive income	$	8,272	$	7,843	$	8,187

CONDENSED STATEMENTS OF CASH FLOWS

		Year Ended
		2016		2015		2014
		(in thousands)
Operating Activities:
Net income	$	8,272	$	7,843	$	8,187
Adjustments to reconcile net income to
net cash provided by operating activities:
Undistributed earnings of subsidiaries		(4,449)		(7,230)		(2,550)
Changes in assets and liabilities affecting cash flow:
Other assets		371		(267)		(89)
Other liabilities		(1,972)		191		1,563
Net cash provided by operating activities		2,222		537		7,111
Investing Activities:
Investment in subsidiaries		(250)		-		-
Net cash used in investing activities		(250)		-		-
Financing Activities:
Proceeds from issuance of common stock		316		-		-
Cash dividends paid		(2,998)		(2,765)		(2,471)
Purchase of Treasury stock		(80)		-		(1,436)
Net cash used in financing activities		(2,762)		(2,765)		(3,907)
Net increase (decrease) in cash		(790)		(2,228)		3,204
Cash beginning of year		1,030		3,258		54
Cash ending of year	$	240	$	1,030	$	3,258