Condensed Financial Statements - Parent Company Only (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Statements - Parent Company Only [Abstract]

Schedule of Condensed Balance Sheet

Balance Sheets
	December 31,
(dollars in thousands)	2016	2015
Assets
Cash - noninterest bearing	$            2,366	$            1,541
Investment in wholly owned subsidiaries	136,481	132,943
Other assets	2,017	1,895
Total Assets	$         140,864	$         136,379
Liabilities and Stockholders' Equity
Current liabilities	$            1,066	$            1,224
Guaranteed preferred beneficial interest in   junior subordinated debentures	12,372	12,372
Subordinated notes - 6.25%	23,000	23,000
Total Liabilities	36,438	36,596
Stockholders' Equity
Common stock	46	46
Additional paid in capital	47,377	46,809
Retained earnings	58,100	53,495
Accumulated other comprehensive loss	(928)	(251)
Unearned ESOP shares	(169)	(316)
Total Stockholders’ Equity	104,426	99,783
Total Liabilities and Stockholders’ Equity	$         140,864	$         136,379

Schedule of Condensed Income Statement

Condensed Statements of Income
	Years Ended December 31,
(dollars in thousands)	2016	2015	2014
Interest and Dividend Income
Dividends from subsidiary	$            5,500	$            2,775	$            3,500
Interest income	19	51	6
Interest expense	1,795	1,599	312
Net Interest Income (Expense)	3,724	1,227	3,194
Miscellaneous expenses	(2,110)	(1,421)	(1,427)
Income (loss) before income taxes and equity in
undistributed net income of subsidiary	1,614	(194)	1,767
Federal and state income tax benefit	1,321	1,009	589
Equity in undistributed net income of subsidiary	4,396	5,528	4,134
Net Income	$            7,331	$            6,343	$            6,490
Preferred stock dividends	-	23	200
Net Income Available to Common Shareholders	$            7,331	$            6,320	$            6,290

Schedule of Condensed Cash Flow Statement

Condensed Statements of Cash Flows
	Years Ended December 31,
(dollars in thousands)	2016	2015	2014
Cash Flows from Operating Activities
Net income	$            7,331	$            6,343	$            6,490
Adjustments to reconcile net income to net cash  provided by operating activities
Equity in undistributed earnings of subsidiary	(4,396)	(5,528)	(4,134)
Stock based compensation	489	139	191
Increase in other assets	(145)	(284)	(259)
Decrease in deferred income tax benefit	55	23	162
(Decrease) increase in current liabilities	(157)	459	(145)
Net Cash Provided by Operating Activities	3,177	1,152	2,305
Cash Flows from Financing Activities
Dividends paid	(1,814)	(1,916)	(2,055)
Capital from (to) subsidiary	180	(78)	(15)
Proceeds from Subordinated Notes	-	23,000	-
Redemption of Small Business Lending Fund Preferred Stock	-	(20,000)	-
Exercise of stock options	-	-	226
Net change in ESOP loan	147	146	201
Repurchase of common stock	(865)	(1,827)	-
Net Cash Used in Financing Activities	(2,352)	(675)	(1,643)
Increase in Cash	825	477	662
Cash at Beginning of Year	1,541	1,064	402
Cash at End of Year	$            2,366	$            1,541	$            1,064