Note Q - Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Condensed Balance Sheet [Table Text Block]

	Years ended December 31:
Assets	2018		2017
Cash and cash equivalents	$	4,032	$	3,292
Investment in subsidiaries		126,059		118,775
Notes receivable – subsidiaries		3,000		3,320
Other assets		93		67
Total assets	$	133,184	$	125,454
Liabilities
Notes payable	$	6,279	$	7,324
Subordinated debentures		8,500		8,500
Other liabilities		531		269
Total liabilities		15,310		16,093
Shareholders’ Equity
Total shareholders’ equity		117,874		109,361
Total liabilities and shareholders’ equity	$	133,184	$	125,454

Condensed Income Statement [Table Text Block]

	Years ended December 31:
Income:	2018		2017		2016
Interest on notes	$	53	$	51	$	52
Dividends from subsidiaries		4,225		4,400		6,900
Expenses:
Interest on notes		185		211		136
Interest on subordinated debentures		330		248		204
Operating expenses		351		332		667
Income before income taxes and equity in undistributed earnings of subsidiaries..		3,412		3,660		5,945
Income tax benefit		164		244		256
Equity in undistributed earnings of subsidiaries		8,368		3,605		719
Net Income	$	11,944	$	7,509	$	6,920
Comprehensive Income	$	10,860	$	7,622	$	5,624

Condensed Cash Flow Statement [Table Text Block]

	Years ended December 31:
Cash flows from operating activities:	2018			2017			2016
Net Income	$	11,944		$	7,509		$	6,920
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(8,368	)		(3,605	)		(719	)
Common stock issued to ESOP		295			428			575
Change in other assets		(26	)		(15	)		11
Change in other liabilities		262			(97	)		318
Net cash provided by operating activities		4,107			4,220			7,105
Cash flows from investing activities:
Cash paid for Milton Bancorp, Inc. acquisition		----			----			(7,431	)
Change in notes receivable		320			100			461
Net cash provided by (used in) investing activities		320			100			(6,970	)
Cash flows from financing activities:
Change in notes payable		(1,045	)		(558	)		3,964
Proceeds from common stock through dividend reinvestment		1,325			715			----
Cash dividends paid		(3,967	)		(3,932	)		(3,585	)
Net cash provided by (used in) financing activities		(3,687	)		(3,775	)		379
Cash and cash equivalents:
Change in cash and cash equivalents		740			545			514
Cash and cash equivalents at beginning of year		3,292			2,747			2,233
Cash and cash equivalents at end of year	$	4,032		$	3,292		$	2,747