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Condensed Financial Information - Parent Company Only

12 Months Ended

Dec. 31, 2015

Condensed Financial Information - Parent Company Only [Abstract]

Condensed Financial Information - Parent Company Only

Note 21: Condensed Financial Information – Parent Company Only

The condensed financial statements of Bar Harbor Bankshares as of December 31, 2015 and 2014, and for the years ended December 31, 2015, 2014 and 2013 are presented below:

BALANCE SHEETS
December 31
		2015		2014
Cash	$	918	$	1,121
Investment in subsidiaries		156,396		148,049
Premises		688		689
Other assets		320		175
Total assets	$	158,322	$	150,034
Liabilities
Total liabilities	$	4,170	$	3,747
Shareholders' equity
Total shareholders' equity	$	154,152	$	146,287
Liabilities and Shareholders' equity	$	158,322	$	150,034

STATEMENTS OF INCOME
Years Ended December 31
		2015			2014			2013
Dividend income from subsidiaries	$	5,407		$	5,697		$	4,883
Equity in undistributed earnings of subsidiaries (1)		11,272			10,141			9,468
Bankshares expenses		(2,183	)		(1,705	)		(1,591	)
Tax benefit		657			480			423
Net income	$	15,153		$	14,613		$	13,183

(1) Amount in parentheses represents the excess of dividends over net income subsidiaries.

STATEMENTS OF CASH FLOWS
Years Ended December 31

		2015			2014			2013
Cash flows from operating activities:
Net income	$	15,153		$	14,613		$	13,183
Adjustments to reconcile net income to cash
provided by operating activities:
Depreciation		1			---			1
Recognition of stock based expense		711			418			265
Net change in other assets		(281	)		(189	)		331
Net change in other liabilities		423			415			389
Equity in undistributed earnings of subsidiaries		(11,272	)		(10,141	)		(9,468	)
Net cash provided by operating activities		4,735			5,116			4,701
Cash flows from investing activities:
Capital expenditures		(1	)		(1	)		(1	)
Net cash used in investing activities		(1	)		(1	)		(1	)
Cash flows from financing activities:
Purchases of treasury stock		(24	)		(8	)		(24	)
Proceeds from stock option exercises		1,127			616			461
Dividend paid		(6,040	)		(5,362	)		(4,915	)
Net cash used in financing activities		(4,937	)		(4,754	)		(4,478	)
Net (decrease) increase in cash		(203	)		361			222
Cash and cash equivalents, beginning of year		1,121			760			538
Cash and cash equivalents, end of year	$	918		$	1,121		$	760

X

- References

No definition available.

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X

- 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 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683

Reference 2: 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

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph c
-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 06
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 05
-Paragraph c
-Article 7

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