Parent Company Statements

12 Months Ended

Dec. 31, 2016

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Statements

(23) Parent Company Statements

CONDENSED BALANCE SHEETS
(Dollars in thousands)	December 31,
	2016		2015
ASSETS
Cash and cash equivalents	$	780	$	564
Equity investments		545		626
Investment in subsidiaries		77,029		76,334
Other assets		40		14
Total assets	$	78,394	$	77,538
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt	$	7,414	$	7,414
Other liabilities		513		56
Shareholders' equity		70,467		70,068
Total liabilities and shareholders' equity	$	78,394	$	77,538

CONDENSED STATEMENTS OF INCOME AND    COMPREHENSIVE INCOME
(Dollars in thousands)	For Years Ended December 31,
	2016			2015			2014
Income
Dividends from subsidiaries	$	2,871		$	5,662		$	2,325
Other income		33			19			—
Total Income		2,904			5,681			2,325
Expense
Other expenses		(606	)		(695	)		(716	)
Total Expense		(606	)		(695	)		(716	)
Income before income tax and equity in undistributed earnings (loss) of    subsidiaries		2,298			4,986			1,609
Equity in undistributed earnings of subsidiaries		5,311			1,346			4,012
Income before income tax		7,609			6,332			5,621
Income tax benefit		195			196			80
Net income		7,804			6,528			5,701
Series B preferred stock dividends and redemption premium		—			473			350
Series C preferred stock dividends		—			17			—
Net income available to common shareholders	$	7,804		$	6,038		$	5,351
Comprehensive income	$	3,139		$	6,827		$	8,086

CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in thousands)	For Years Ended December 31,
	2016			2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	7,804		$	6,528		$	5,701
Equity in undistributed earnings of subsidiaries		(5,311	)		(1,346	)		(4,012	)
Decrease (increase) in other assets		59			(14	)		8
Increase (decrease) in other liabilities		457			(665	)		292
Net cash provided by operating activities		3,009			4,503			1,989
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash paid for acquisition		—			(2,949	)		—
Net cash used in investing activities		—			(2,949	)		—
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid		(2,875	)		(2,175	)		(1,925	)
Series B preferred stock redemption premium		—			(100	)		—
Series B preferred stock redemption		—			(5,000	)		—
Series C preferred stock redemption		—			(1,750	)		—
Employee Stock Purchase Plan		82			66			53
Deferred financing fees paid for subordinated debt issuance		—			(85	)		—
Subordinated debt issuance		—			7,500			—
Net cash used in financing activities		(2,793	)		(1,544	)		(1,872	)
Net increase in cash and cash equivalents		216			10			117
Cash and cash equivalents, beginning of year		564			554			437
Cash and cash equivalents, end of year	$	780		$	564		$	554