Note O - Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

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:
	2013		2012
Assets
Cash and cash equivalents	$	2,436	$	1,700
Investment in subsidiaries		86,644		87,950
Notes receivable - subsidiaries		3,520		3,423
Other assets		370		310
Total assets	$	92,970	$	93,383
Liabilities
Notes payable	$	3,529	$	3,526
Subordinated debentures		8,500		13,500
Other liabilities		522		537
Total liabilities	$	12,551	$	17,563
Shareholders’ Equity
Total shareholders’ equity		80,419		75,820
Total liabilities and shareholders’ equity	$	92,970	$	93,383

CONDENSED STATEMENTS OF INCOME

	Years ended December 31:
	2013		2012		2011
Income:
Interest on notes	$	85	$	114	$	134
Other operating income		68		84		65
Dividends from subsidiaries		8,500		4,500		3,500
Expenses:
Interest on notes		86		114		134
Interest on subordinated debentures		265		789		1,089
Operating expenses		456		364		287
Income before income taxes and equity in undistributed earnings of subsidiaries		7,846		3,431		2,189
Income tax benefit		214		355		439
Equity in undistributed earnings of subsidiaries		52		3,266		3,207
Net Income	$	8,112	$	7,052	$	5,835

CONDENSED STATEMENTS OF CASH FLOWS

	Years ended December 31:
	2013			2012			2011
Cash flows from operating activities:
Net Income	$	8,112		$	7,052		$	5,835
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(52	)		(3,266	)		(3,207	)
Common stock issued to ESOP		640			617			496
Change in other assets		(60	)		96			(92	)
Change in other liabilities		(15	)		(21	)		105
Net cash provided by operating activities		8,625			4,478			3,137
Cash flows from investing activities:
Change in notes receivable		(97	)		320			85
Net cash provided by (used in) investing activities		(97	)		320			85
Cash flows from financing activities:
Change in notes payable		3			(222	)		(87	)
Proceeds from common stock through dividend reinvestment		170			55			-
Cash dividends paid		(2,965	)		(4,393	)		(3,360	)
Repayment of subordinated debentures		(5,000	)		-			-
Net cash used in financing activities		(7,792	)		(4,560	)		(3,447	)
Cash and cash equivalents:
Change in cash and cash equivalents		736			238			(225	)
Cash and cash equivalents at beginning of year		1,700			1,462			1,687
Cash and cash equivalents at end of year	$	2,436		$	1,700		$	1,462