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Condensed Financial Information - Parent Company Only

12 Months Ended

Dec. 31, 2016

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, 2016 and 2015, and for the years ended December 31, 2016, 2015 and 2014 are presented below:

BALANCE SHEETS

		2016		2015
Cash	$	1,302	$	918
Investment in subsidiaries		158,967		156,396
Premises		687		688
Other assets		137		320
Total assets	$	161,093	$	158,322
Liabilities
Total liabilities	$	4,353	$	4,170
Shareholders' equity
Total shareholders' equity	$	156,740	$	154,152
Liabilities and Shareholders' equity	$	161,093	$	158,322

STATEMENTS OF INCOME

		2016			2015			2014
Dividend income from subsidiaries	$	6,473		$	5,407		$	5,697
Equity in undistributed earnings of subsidiaries		10,380			11,272			10,141
Bankshares expenses		(2,949	)		(2,183	)		(1,705	)
Tax benefit		1,029			657			480
Net income	$	14,933		$	15,153		$	14,613

STATEMENTS OF CASH FLOWS

		2016			2015			2014
Cash flows from operating activities:
Net income	$	14,933		$	15,153		$	14,613
Adjustments to reconcile net income to cash
provided by operating activities:
Depreciation		1			1			--
Recognition of stock based expense		1,114			711			418
Net change in other assets		38			(281	)		(189	)
Net change in other liabilities		183			423			415
Equity in undistributed earnings of subsidiaries		(10,380	)		(11,272	)		(10,141	)
Net cash provided by operating activities		5,889			4,735			5,116
Cash flows from investing activities:
Additional investments in subsidiaries		--			--			--
Capital expenditures		(1	)		(1	)		(1	)
Net cash used in investing activities		(1	)		(1	)		(1	)
Cash flows from financing activities:
Purchases of treasury stock		(497	)		(24	)		(8	)
Purchase of preferred stock and warrants		--			--			--
Proceeds from issuance of equity instruments		--			--			--
Proceeds from stock option exercises		1,570			1,127			616
Dividend paid		(6,577	)		(6,040	)		(5,362	)
Net cash used in financing activities		(5,504	)		(4,937	)		(4,754	)
Net (decrease) increase in cash		384			(203	)		361
Cash and cash equivalents, beginning of year		918			1,121			760
Cash and cash equivalents, end of year	$	1,302		$	918		$	1,121

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- 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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