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Condensed Financial Statements of Parent Company (Tables)
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheets

 

(Dollars in thousands)  December 31,
   2014  2013
Assets      
Cash  $808   $637 
  Securities available for sale   1,059    684 
  Other assets   154    29 
  Investment in ChoiceOne Bank   64,298    60,354 
       Total assets  $66,319   $61,704 
           
Liabilities          
Mandatory redeemable shares under ESOP, at fair value  $123   $91 
Other liabilities   6    55 
Total liabilities   129    146 
           
Shareholders' equity   66,190    61,558 
Total liabilities and shareholders’ equity  $66,319   $61,704 

  
Condensed Statements of Income

Condensed Statements of Income

 

(Dollars in thousands)   Years Ended December 31,
    2014   2013   2012
Interest and dividends from ChoiceOne Bank   $ 2,731     $ 2,399     $ 1,710  
Interest and dividends from other securities     16       19       16  
Other income     27       1       —  
Total income     2,774       2,419       1,726  
Other expenses     92       98       89  
                         
Income before income tax and equity in undistributed net income of subsidiary     2,682       2,321       1,637  
Income tax benefit     21       31       29  
Income before equity in undistributed net income of subsidiary     2,703       2,352       1,666  
Equity in undistributed net income of subsidiary     2,992       2,742       2,596  
Net income   $ 5,695     $ 5,094     $ 4,262  

 
Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

 

(Dollars in thousands)   Years Ended December 31,
    2014   2013   2012
Cash flows from operating activities:            
Net income   $ 5,695     $ 5,094     $ 4,262  
  Adjustments to reconcile net income to net cash from operating activities:                        
Equity in undistributed net income of subsidiary     (2,992 )     (2,742 )     (2,596 )
Amortization     3       2       2  
Net expense of restricted stock units     48       11       —  
Net gain on sale of securities     (26 )     (1 )     —  
Changes in other assets     (125 )     (1 )     (1 )
Changes in other liabilities     (35 )     36       (10 )
Net cash from operating activities     2,568       2,399       1,657  
                         
Cash flows from investing activities:                        
Sales of securities     1,184       70       —  
Purchases of securities     (1,565 )     (125 )     (409 )
Net cash from investing activities     (381 )     (55 )     (409 )
                         
Cash flows from financing activities:                        
Issuance of common stock     132       130       123  
Repurchase of common stock     (203 )     (192 )     (75 )
Cash dividends paid     (1,945 )     (1,780 )     (1,648 )
Net cash from financing activities     (2,016 )     (1,842 )     (1,600 )
                         
Net change in cash     171       502       (352 )
Beginning cash     637       135       487  
Ending cash   $ 808     $ 637     $ 135