Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets
	2013			2012
Assets
Cash	$	172		$	1,667
Loans, net of allowance for loan losses of $0 at December 31, 2013 and 2012	197			197
Investment in bank subsidiary, at equity	75,494			78,389
Investment in non-bank subsidiaries	496			496
Other assets	131			16
Total assets	$	76,490		$	80,765
Liabilities
Junior subordinated debentures	$	27,476		$	16,496
Other liabilities	94			38
Total liabilities	27,570			16,534
Shareholders’ equity
Preferred stock, no par value; 10,000,000 shares authorized; issued and outstanding 0 shares at December 31, 2013 and 14,419 shares at December 31, 2012, respectively	—			14,256
Common stock no par value; 10,000,000 shares authorized; issued and outstanding 4,787,605 shares at December 31, 2013 and 4,760,095 issued and outstanding at December 31, 2012, respectively	22,626			23,940
Retained earnings	30,897			25,458
Accumulated other comprehensive income (loss)	(4,603		)	577
Total shareholders’ equity	48,920			64,231
Total liabilities and shareholders’ equity	$	76,490		$	80,765

Condensed Statement of Operations

Condensed Statements of Operations
	2013			2012
Income
Interest income	$	7		$	23
Expenses
Interest expense on balance due to non-bank subsidiaries	493			394
Other expenses	347			293
Total Expenses	840			687
Loss before income taxes and equity in undistributed net income of subsidiary	(833		)	(664		)
Income tax benefit	(283		)	(226		)
Loss before equity in undistributed net income of subsidiary	(550		)	(438		)
Equity in undistributed net income of subsidiary	7,385			6,927
Net income	$	6,835		$	6,489
Preferred dividends and accretion of discount on warrants	634			986
Net income to common shareholders	$	6,201		$	5,503

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows
	2013			2012
Cash flows from operating activities
Net income	$	6,835		$	6,489
Adjustments to reconcile net income to net cash and cash equivalents used in operating activities:
Equity in undistributed net income of subsidiary	(7,385		)	(6,927		)
Stock compensation expense	232			212
(Increase) decrease in other assets	(115		)	228
Increase (decrease) in other liabilities	56			(5		)
Net cash and cash equivalents used in operating activities	(377		)	(3		)
Cash flows from investing activities
Decrease in loans, net	—			1,251
Dividends from banking subsidiary	5,100			—
Net cash and cash equivalents provided by investing activities	5,100			1,251
Cash flows from financing activities
Net proceeds from issuance of junior subordinated notes	11,000			—
Principal payments made on junior subordinated notes	(20		)	—
Net proceeds from issuance of common stock	4			31
Redemption of preferred stock	(14,419		)	(1,600		)
Tax benefit realized on restricted stock units vesting	52			43
Purchase and retirement of treasury stock	(1,602		)	—
Cash dividends paid	(1,233		)	(967		)
Net cash and cash equivalents used in financing activities	(6,218		)	(2,493		)
Net decrease in cash and cash equivalents	(1,495		)	(1,245		)
Cash and cash equivalents at beginning of year	1,667			2,912
Cash and cash equivalents at end of year	$	172		$	1,667