Note 16 - Emclaire Financial Corp - Condensed Financial Statements, Parent Corporation Only (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets
(Dollar amounts in thousands)	2018		2017
Assets:
Cash and cash equivalents	$	18	$	53
Equity securities		-		1,691
Equity in net assets of subsidiaries		79,302		63,194
Goodwill		5,190		-
Other assets		113		1,218
Total Assets	$	84,623	$	66,156
Liabilities and Stockholders' Equity:
Short-term borrowed funds with affiliated subsidiary bank	$	-	$	1,000
Other short-term borrowed funds		2,050		2,500
Long-term borrowed funds		2,500		3,500
Accrued expenses and other liabilities		65		65
Stockholders' equity		80,008		59,091
Total Liabilities and Stockholders' Equity	$	84,623	$	66,156

Condensed Income Statement [Table Text Block]

Condensed Statements of Income
(Dollar amounts in thousands)	2018		2017
Income:
Dividends from subsidiaries	$	3,316	$	3,138
Investment income		10		62
Net gains on equity securities		510		168
Total income		3,836		3,368
Expense:
Interest expense		272		340
Noninterest expense		539		463
Total expense		811		803
Income before income taxes and undistributed subsidiary income		3,025		2,565
Undistributed equity in net income of subsidiary		1,125		1,529
Net income before income taxes		4,150		4,094
Income tax benefit		61		183
Net income	$	4,211	$	4,277
Comprehensive income	$	3,559	$	4,113

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows
(Dollar amounts in thousands)	2018			2017
Operating activities:
Net income	$	4,211		$	4,277
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed equity in net income of subsidiary		(1,125	)		(1,529	)
Change in fair value of equity securities		(510	)		(168	)
Other, net		1,323			35
Net cash provided by operating activities		3,899			2,615
Investing activities:
Sales of investment securities		1,269			417
Investment in subsidiaries		-			(1,000	)
Net cash provided by (used in) investing activities		1,269			(583	)
Financing activities:
Net change in borrowings		(2,450	)		(1,000	)
Proceeds from exercise of stock options, including tax benefit		-			1,375
Dividends paid		(2,753	)		(2,374	)
Net cash used in financing activities		(5,203	)		(1,999	)
Increase (decrease) in cash and cash equivalents		(35	)		33
Cash and cash equivalents at beginning of period		53			20
Cash and cash equivalents at end of period	$	18		$	53