Condensed Financial Information - Parent Company Only (Tables)

12 Months Ended

Dec. 31, 2013


		2013		2012

Cash	$	760	$	538
Investment in subsidiaries		123,129		129,275
Premises		690		689
Other assets		132		487
Total assets	$	124,711	$	130,989

Liabilities
Total liabilities	$	3,332	$	2,943

Shareholders' equity
Total shareholders' equity	$	121,379	$	128,046

Liabilities and Shareholders' equity	$	124,711	$	130,989


		2013			2012			2011

Dividend income from subsidiaries	$	4,883		$	4,097		$	4,180
Equity in undistributed earnings of subsidiaries (1)		9,468			9,137			7,505
Bankshares expenses		(1,591	)		(1,063	)		(865	)
Tax benefit		423			295			223
Net income	$	13,183		$	12,466		$	11,043


		2013			2012			2011

Cash flows from operating activities:
Net income	$	13,183		$	12,466		$	11,043

Adjustments to reconcile net income to cash
provided by operating activities:
Depreciation		1			3			42
Recognition of stock based expense		265			216			99
Net change in other assets		331			(865	)		(142	)
Net change in other liabilities		389			663			144
Equity in undistributed earnings of subsidiaries		(9,468	)		(9,137	)		(7,505	)

Net cash provided by operating activities		4,701			3,346			3,681

Cash flows from investing activities:
Additional investments in subsidiaries		--			--			--
Capital expenditures		(1	)		(3	)		(4	)

Net cash used in investing activities		(1	)		(3	)		(4	)

Cash flows from financing activities:
Purchases of treasury stock		(24	)		(181	)		(623	)
Purchase of preferred stock and warrants		--			--			--
Proceeds from issuance of equity instruments		--			--			--
Proceeds from stock option exercises		461			1,187			1,611
Dividend paid		(4,915	)		(4,565	)		(4,228	)

Net cash used in financing activities		(4,478	)		(3,559	)		(3,240	)

Net (decrease) increase in cash		222			(216	)		437

Cash and cash equivalents, beginning of year		538			754			317

Cash and cash equivalents, end of year	$	760		$	538		$	754