Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2011

Parent Company Only Condensed Financial Information [Abstract]

Parent Company Only Condensed Financial Information

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Note O - Parent Company Only Condensed Financial Information

Below is condensed financial information of Ohio Valley. In this information, Ohio Valley’s investment in its subsidiaries is stated at cost plus equity in undistributed earnings of the subsidiaries since acquisition. This information should be read in conjunction with the consolidated financial statements of the Company.

CONDENSED STATEMENTS OF CONDITION
	Years ended December 31:
Assets	2011		2010
Cash and cash equivalents	$	1,462	$	1,687
Investment in subsidiaries		84,038		80,087
Notes receivable - subsidiaries		3,743		3,828
Other assets		406		314
Total assets	$	89,649	$	85,916
Liabilities
Notes payable	$	3,748	$	3,835
Subordinated debentures		13,500		13,500
Other liabilities		558		453
Total liabilities	$	17,806	$	17,788
Shareholders’ Equity
Total shareholders’ equity		71,843		68,128
Total liabilities and shareholders’ equity	$	89,649	$	85,916
CONDENSED STATEMENTS OF INCOME
	Years ended December 31:
Income:		2011		2010		2009
Interest on notes	$	134	$	158	$	156
Other operating income		65		68		56
Dividends from subsidiaries		3,500		4,500		4,000
Expenses:
Interest on notes		134		159		157
Interest on subordinated debentures		1,089		1,089		1,089
Operating expenses		287		538		230
Income before income taxes
and equity in undistributed earnings
of subsidiaries		2,189		2,940		2,736
Income tax benefit		439		522		423
Equity in undistributed earnings
of subsidiaries		3,207		1,634		3,486
Net Income	$	5,835	$	5,096	$	6,645

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Note O - Parent Company Only Condensed Financial Information (continued)

CONDENSED STATEMENTS OF CASH FLOWS
	Years ended December 31:
Cash flows from operating activities:	2011			2010			2009
Net Income	$	5,835		$	5,096		$	6,645
Adjustments to reconcile net income
to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(3,207	)		(1,634	)		(3,486	)
Common stock issued to ESOP		496			315			22
Change in other assets		(92	)		(12	)		(7	)
Change in other liabilities		105			64			59
Net cash provided by operating activities		3,137			3,829			3,233
Cash flows from investing activities:
Change in notes receivable		85			402			1,231
Net cash provided by investing activities		85			402			1,231
Cash flows from financing activities:
Change in notes payable		(87	)		(412	)		(1,232	)
Cash dividends paid		(3,360	)		(3,347	)		(3,186	)
Net cash used in financing activities		(3,447	)		(3,759	)		(4,418	)
Cash and cash equivalents:
Change in cash and cash equivalents		(225	)		472			46
Cash and cash equivalents at beginning of year		1,687			1,215			1,169
Cash and cash equivalents at end of year	$	1,462		$	1,687		$	1,215