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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2019
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION |
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 20. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Bridge Bancorp, Inc. (Parent Company only) follows: Condensed Balance Sheets
|  | December 31,
(In thousands) |  | 2019 |  | 2018
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,663 |  | $ | 1,537
Other assets |  |  | 174 |  |  | 103
Investment in the Bank |  |  | 573,410 |  |  | 532,105
Total assets |  | $ | 577,247 |  | $ | 533,745
Liabilities and stockholders’ equity: |  |  |  |  |  |
Subordinated debentures |  | $ | 78,920 |  | $ | 78,781
Other liabilities |  |  | 1,173 |  |  | 1,134
Total liabilities |  |  | 80,093 |  |  | 79,915
Total stockholders’ equity |  |  | 497,154 |  |  | 453,830
Total liabilities and stockholders’ equity |  | $ | 577,247 |  | $ | 533,745
Condensed Statements of Income
|  | Year Ended December 31,
(In thousands) |  | 2019 |  | 2018 |  | 2017
Dividends from the Bank |  | $ | 24,500 |  | $ | 15,000 |  | $ | —
Interest expense |  |  | 4,539 |  |  | 4,539 |  |  | 4,588
Non-interest expense |  |  | 104 |  |  | 135 |  |  | 147
Income (loss) before income taxes and equity in undistributed earnings of the Bank |  |  | 19,857 |  |  | 10,326 |  |  | (4,735)
Income tax benefit |  |  | (994) |  |  | (1,005) |  |  | (1,774)
Income (loss) before equity in undistributed earnings of the Bank |  |  | 20,851 |  |  | 11,331 |  |  | (2,961)
Equity in undistributed earnings of the Bank |  |  | 30,840 |  |  | 27,896 |  |  | 23,500
Net income |  | $ | 51,691 |  | $ | 39,227 |  | $ | 20,539
Condensed Statements of Cash Flows
|  | Year Ended December 31,
(In thousands) |  | 2019 |  | 2018 |  | 2017
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 51,691 |  | $ | 39,227 |  | $ | 20,539
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of the Bank |  |  | (30,840) |  |  | (27,896) |  |  | (23,500)
Amortization |  |  | 139 |  |  | 140 |  |  | 139
(Increase) decrease in other assets |  |  | (73) |  |  | 108 |  |  | 18
Increase (decrease) in other liabilities |  |  | 39 |  |  | 11 |  |  | (398)
Net cash provided by (used in) operating activities |  |  | 20,956 |  |  | 11,590 |  |  | (3,202)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayment of junior subordinated debentures |  |  | — |  |  | — |  |  | (352)
Net proceeds from issuance of common stock |  |  | 1,102 |  |  | 1,017 |  |  | 951
Purchase of treasury stock |  |  | (625) |  |  | — |  |  | —
Repurchase of surrendered stock from vesting of stock plans |  |  | (887) |  |  | (586) |  |  | (350)
Cash dividends paid |  |  | (18,420) |  |  | (18,342) |  |  | (18,238)
Net cash used in financing activities |  |  | (18,830) |  |  | (17,911) |  |  | (17,989)
Net increase (decrease) in cash and cash equivalents |  |  | 2,126 |  |  | (6,321) |  |  | (21,191)
Cash and cash equivalents at beginning of year |  |  | 1,537 |  |  | 7,858 |  |  | 29,049
Cash and cash equivalents at end of year |  | $ | 3,663 |  | $ | 1,537 |  | $ | 7,858

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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