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Parent Company Statements | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Parent Company Statements |
(23) | Parent Company Statements
CONDENSED BALANCE SHEETS
|  | December 31, |
(Dollars in thousands) |  | 2016 |  |  | 2015 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 780 |  |  | $ | 564 |
Equity investments |  |  | 545 |  |  |  | 626 |
Investment in subsidiaries |  |  | 77,029 |  |  |  | 76,334 |
Other assets |  |  | 40 |  |  |  | 14 |
Total assets |  | $ | 78,394 |  |  | $ | 77,538 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 7,414 |  |  | $ | 7,414 |
Other liabilities |  |  | 513 |  |  |  | 56 |
Shareholders’ equity |  |  | 70,467 |  |  |  | 70,068 |
Total liabilities and shareholders’ equity |  | $ | 78,394 |  |  | $ | 77,538 |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
|  | For Years Ended December 31, |
(Dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 2,871 |  |  | $ | 5,662 |  |  | $ | 2,325 |
Other income |  |  | 33 |  |  |  | 19 |  |  |  | — |
Total Income |  |  | 2,904 |  |  |  | 5,681 |  |  |  | 2,325 |
Expense |  |  |  |  |  |  |  |  |  |  |  |
Other expenses |  |  | (606 | ) |  |  | (695 | ) |  |  | (716 | )
Total Expense |  |  | (606 | ) |  |  | (695 | ) |  |  | (716 | )
Income before income tax and equity in undistributed earnings (loss) of subsidiaries |  |  | 2,298 |  |  |  | 4,986 |  |  |  | 1,609 |
Equity in undistributed earnings of subsidiaries |  |  | 5,311 |  |  |  | 1,346 |  |  |  | 4,012 |
Income before income tax |  |  | 7,609 |  |  |  | 6,332 |  |  |  | 5,621 |
Income tax benefit |  |  | 195 |  |  |  | 196 |  |  |  | 80 |
Net income |  |  | 7,804 |  |  |  | 6,528 |  |  |  | 5,701 |
Series B preferred stock dividends and redemption premium |  |  | — |  |  |  | 473 |  |  |  | 350 |
Series C preferred stock dividends |  |  | — |  |  |  | 17 |  |  |  | — |
Net income available to common shareholders |  | $ | 7,804 |  |  | $ | 6,038 |  |  | $ | 5,351 |
Comprehensive income |  | $ | 3,139 |  |  | $ | 6,827 |  |  | $ | 8,086 |
CONDENSED STATEMENTS OF CASH FLOWS
|  | For Years Ended December 31, |
(Dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,804 |  |  | $ | 6,528 |  |  | $ | 5,701 |
Equity in undistributed earnings of subsidiaries |  |  | (5,311 | ) |  |  | (1,346 | ) |  |  | (4,012 | )
Decrease (increase) in other assets |  |  | 59 |  |  |  | (14 | ) |  |  | 8 |
Increase (decrease) in other liabilities |  |  | 457 |  |  |  | (665 | ) |  |  | 292 |
Net cash provided by operating activities |  |  | 3,009 |  |  |  | 4,503 |  |  |  | 1,989 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net cash paid for acquisition |  |  | — |  |  |  | (2,949 | ) |  |  | — |
Net cash used in investing activities |  |  | — |  |  |  | (2,949 | ) |  |  | — |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  | (2,875 | ) |  |  | (2,175 | ) |  |  | (1,925 | )
Series B preferred stock redemption premium |  |  | — |  |  |  | (100 | ) |  |  | — |
Series B preferred stock redemption |  |  | — |  |  |  | (5,000 | ) |  |  | — |
Series C preferred stock redemption |  |  | — |  |  |  | (1,750 | ) |  |  | — |
Employee Stock Purchase Plan |  |  | 82 |  |  |  | 66 |  |  |  | 53 |
Deferred financing fees paid for subordinated debt issuance |  |  | — |  |  |  | (85 | ) |  |  | — |
Subordinated debt issuance |  |  | — |  |  |  | 7,500 |  |  |  | — |
Net cash used in financing activities |  |  | (2,793 | ) |  |  | (1,544 | ) |  |  | (1,872 | )
Net increase in cash and cash equivalents |  |  | 216 |  |  |  | 10 |  |  |  | 117 |
Cash and cash equivalents, beginning of year |  |  | 564 |  |  |  | 554 |  |  |  | 437 |
Cash and cash equivalents, end of year |  | $ | 780 |  |  | $ | 564 |  |  | $ | 554

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -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 + Details
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