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

12 Months Ended

Dec. 31, 2019

Notes Tables

Condensed Balance Sheet [Table Text Block]

	Years ended December 31:
	2019		2018
Assets
Cash and cash equivalents	$	4,308	$	4,032
Investment in subsidiaries		134,910		126,059
Notes receivable – subsidiaries		1,963		3,000
Other assets		48		93
Total assets	$	141,229	$	133,184
Liabilities
Notes payable	$	4,233	$	6,279
Subordinated debentures		8,500		8,500
Other liabilities		317		531
Total liabilities		13,050		15,310
Shareholders’ Equity
Total shareholders’ equity		128,179		117,874
Total liabilities and shareholders’ equity	$	141,229	$	133,184

Condensed Income Statement [Table Text Block]

	Years ended December 31:
	2019		2018		2017
Income:
Interest on notes	$	47	$	53	$	51
Dividends from subsidiaries		4,375		4,225		4,400
Expenses:
Interest on notes		139		185		211
Interest on subordinated debentures		356		330		248
Operating expenses		377		351		332
Income before income taxes and equity in undistributed earnings of subsidiaries..		3,550		3,412		3,660
Income tax benefit		169		164		244
Equity in undistributed earnings of subsidiaries		6,188		8,368		3,605
Net Income	$	9,907	$	11,944	$	7,509
Comprehensive Income	$	12,570	$	10,860	$	7,622

Condensed Cash Flow Statement [Table Text Block]

	Years ended December 31:
	2019			2018			2017
Cash flows from operating activities:
Net Income	$	9,907		$	11,944		$	7,509
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(6,188	)		(8,368	)		(3,605	)
Common stock issued to ESOP		328			295			428
Change in other assets		45			(26	)		(15	)
Change in other liabilities		(214	)		262			(97	)
Net cash provided by operating activities		3,878			4,107			4,220
Cash flows from investing activities:
Cash paid for Milton Bancorp, Inc. acquisition		----			----			----
Change in notes receivable		1,037			320			100
Net cash provided by (used in) investing activities		1,037			320			100
Cash flows from financing activities:
Change in notes payable		(2,046	)		(1,045	)		(558	)
Proceeds from common stock through dividend reinvestment		1,407			1,325			715
Cash dividends paid		(4,000	)		(3,967	)		(3,932	)
Net cash provided by (used in) financing activities		(4,639	)		(3,687	)		(3775	)
Cash and cash equivalents:
Change in cash and cash equivalents		276			740			545
Cash and cash equivalents at beginning of year		4,032			3,292			2,747
Cash and cash equivalents at end of year	$	4,308		$	4,032		$	3,292