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CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY | CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY The condensed balance sheets of Bar Harbor Bankshares as of December 31, 2019 and 2018, and the condensed statements of income and cash flows for the years ended December 31, 2019, 2018 and 2017 are presented below: CONDENSED BALANCE SHEETS
|  | December 31,
(in thousands) |  | 2019 |  | 2018
Assets |  |  |  |
Cash due from Bar Harbor Bank and Trust |  | $ | 29,223 |  |  | $ | 9,993 |
Investment in subsidiaries |  | 427,536 |  |  | 398,821 |
Premises and equipment |  | 687 |  |  | 687 |
Other assets |  | 4,586 |  |  | 3,416 |
Total assets |  | $ | 462,032 |  |  | $ | 412,917 |
Liabilities and Shareholders Equity |  |  |  |
Subordinated notes |  | $ | 59,920 |  |  | $ | 37,973 |
Accrued expenses |  | 5,705 |  |  | 4,365 |
Shareholders equity |  | 396,407 |  |  | 370,579 |
Total Liabilities and shareholders equity |  | $ | 462,032 |  |  | $ | 412,917 |
CONDENSED STATEMENTS OF INCOME
|  | Years Ended December 31,
(in thousands) |  | 2019 |  | 2018 |  | 2017
Income: |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 21,734 |  |  | $ | 23,705 |  |  | $ | 13,907 |
Other |  | 337 |  |  | 31 |  |  | 25 |
Total income |  | 22,071 |  |  | 23,736 |  |  | 13,932 |
Interest expense |  | 2,188 |  |  | 2,121 |  |  | 1,857 |
Non-interest expense |  | 3,208 |  |  | 3,147 |  |  | 2,979 |
Total expense |  | 5,396 |  |  | 5,268 |  |  | 4,836 |
Income before taxes and equity in undistributed income of subsidiaries |  | 16,675 |  |  | 18,468 |  |  | 9,096 |
Income tax benefit |  | (1,100 | ) |  | (1,136 | ) |  | (1,210 | )
Income before equity in undistributed income of subsidiaries |  | 17,775 |  |  | 19,604 |  |  | 10,306 |
Equity in undistributed income of subsidiaries |  | 4,845 |  |  | 13,333 |  |  | 15,687 |
Net income |  | $ | 22,620 |  |  | $ | 32,937 |  |  | $ | 25,993 |
CONDENSED STATEMENTS OF CASH FLOWS
|  | Years Ended December 31,
(in thousands) |  | 2019 |  | 2018 |  | 2017
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 22,620 |  |  | $ | 32,937 |  |  | $ | 25,993 |
Adjustments to reconcile net income to net cash (used) provided by operating activities: |  |  |  |  |  |
Equity in undistributed income of subsidiaries |  | (4,845 | ) |  | (13,333 | ) |  | (15,687 | )
Other, net |  | (1,040 | ) |  | (1,457 | ) |  | (1,364 | )
Net cash provided by operating activities |  | 16,735 |  |  | 18,147 |  |  | 8,942 |
Cash flows from investing activities: |  |  |  |  |  |
Acquisitions, net of cash paid |  | — |  |  | — |  |  | 1,939 |
Purchase of securities |  | — |  |  | (7 | ) |  | — |
Other, net |  | (8,000 | ) |  | — |  |  | — |
Net cash (used in) provided by investing activities |  | (8,000 | ) |  | (7 | ) |  | 1,939 |
Cash flows from financing activities: |  |  |  |  |  |
Proceeds from issuance of subordinated debt |  | 40,000 |  |  | — |  |  | — |
Repayment of subordinated debt |  | (17,000 | ) |  | — |  |  | — |
Net proceeds from common stock |  | 883 |  |  | 951 |  |  | 1,052 |
Net proceeds from reissuance of treasury stock |  | (22 | ) |  | 686 |  |  | 686 |
Common stock cash dividends paid |  | (13,366 | ) |  | (12,184 | ) |  | (11,505 | )
Other, net |  | — |  |  | — |  |  | (16 | )
Net cash provided by (used in) financing activities |  | 10,495 |  |  | (10,547 | ) |  | (9,783 | )
Net change in cash and cash equivalents |  | 19,230 |  |  | 7,593 |  |  | 1,098 |
Cash and cash equivalents at beginning of year |  | 9,993 |  |  | 2,400 |  |  | 1,302 |
Cash and cash equivalents at end of year |  | $ | 29,223 |  |  | $ | 9,993 |  |  | $ | 2,400 |

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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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