Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Parent Company Only Financial Information [Abstract]

Condensed Balance Sheets

		December 31,
		2017		2016
		(in thousands)
ASSETS
Cash	$	436	$	240
Other assets		974		961
Investment in subsidiaries		129,153		108,069
Total assets	$	130,563	$	109,270
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Junior subordinated debentures	$	11,330	$	11,330
Other liabilities		891		1,192
Total liabilities		12,221		12,522
STOCKHOLDERS’ EQUITY
Total Stockholders’ Equity	$	118,342	$	96,748
Total liabilities and stockholders’ equity	$	130,563	$	109,270

Condensed Statements Of Income

		December 31,
		2017		2016		2015
		(in thousands)
Dividends from subsidiaries	$	2,100	$	5,300	$	2,000
Expenses		(771)		(1,477)		(1,387)
Income before equity in undistributed
earnings of subsidiaries		1,329		3,823		613
Equity in undistributed earnings of subsidiaries		9,150		4,449		7,230
Net income		10,479		8,272		7,843
Other comprehensive income		-		-		-
Comprehensive income	$	10,479	$	8,272	$	7,843

Condensed Statements Of Cash FLows

		Year Ended
		2017		2016		2015
		(in thousands)
Operating Activities:
Net income	$	10,479	$	8,272	$	7,843
Adjustments to reconcile net income to
net cash provided by operating activities:
Undistributed earnings of subsidiaries		(9,150)		(4,449)		(7,230)
Changes in assets and liabilities affecting cash flow:
Other assets		(13)		371		(267)
Other liabilities		(183)		(1,972)		191
Net cash provided by operating activities		1,133		2,222		537
Investing Activities:
Investment in subsidiaries		(11,791)		(250)		-
Net cash used in investing activities		(11,791)		(250)		-
Financing Activities:
Proceeds from issuance of common stock		15,015		316		-
Cash dividends paid		(3,819)		(2,998)		(2,765)
Purchase of Treasury stock		(342)		(80)		-
Net cash used in financing activities		10,854		(2,762)		(2,765)
Net increase (decrease) in cash		196		(790)		(2,228)
Cash beginning of year		240		1,030		3,258
Cash ending of year	$	436	$	240	$	1,030