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Condensed Parent Only Financial Information
 12 Months Ended
Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Parent Only Financial Information
Condensed Parent Only Financial Information
The following represents the condensed financial information of FBFS only:
Condensed Balance Sheets
 
 
As of December 31,
 
 
2017
 
2016
 
 
(In Thousands)
Assets
 
 
 
 
Cash and due from banks
 
$
1,472

 
$
127

Investments in subsidiaries, at equity
 
196,810

 
196,221

Leasehold improvements and equipment, net
 
2,067

 
1,605

Other assets
 
5,993

 
4,738

Total assets
 
$
206,342

 
$
202,691

Liabilities and Stockholders’ Equity
 
 
 
 
Borrowed funds
 
$
33,742

 
$
33,512

Other liabilities
 
3,322

 
7,529

Total liabilities
 
37,064

 
41,041

Stockholders’ equity
 
169,278

 
161,650

Total liabilities and stockholders’ equity
 
$
206,342

 
$
202,691


Condensed Statements of Income
 
 
For the Year Ended December 31,
 
 
2017
 
2016
 
2015
 
 
(In Thousands)
Net interest expense
 
$
2,744

 
$
2,799

 
$
2,777

Non-interest income
 
 
 
 
 
 
Consulting and rental income from consolidated subsidiaries
 
19,139

 
16,036

 
13,398

Other
 
34

 
33

 
35

Total non-interest income
 
19,173

 
16,069

 
13,433

Non-interest expense
 
21,575

 
19,250

 
16,854

Loss before income tax benefit and equity in undistributed net income of consolidated subsidiaries
 
5,146

 
5,980

 
6,198

Income tax benefit
 
1,965

 
2,170

 
2,527

Loss before equity in undistributed net income of consolidated subsidiaries
 
3,181

 
3,810

 
3,671

Equity in undistributed net income of consolidated subsidiaries
 
15,086

 
18,719

 
20,185

Net income
 
$
11,905

 
$
14,909

 
$
16,514



Condensed Statements of Cash Flows
 
 
For the Year Ended December 31,
 
 
2017
 
2016
 
2015
 
 
(In Thousands)
Operating activities
 
 
 
 
 
 
Net income
 
$
11,905

 
$
14,909

 
$
16,514

Adjustments to reconcile net income to net cash used in operating activities:
 
 
 
 
 
 
Equity in undistributed earnings of consolidated subsidiaries
 
(15,086
)
 
(18,719
)
 
(20,185
)
Share-based compensation
 
1,078

 
994

 
448

Excess tax benefit from share-based compensation
 
(37
)
 
(83
)
 
—

Net (decrease) increase in other liabilities
 
(4,170
)
 
1,198

 
2,390

Other, net
 
(2,233
)
 
(3,162
)
 
(481
)
Net cash used in operating activities
 
(8,543
)
 
(4,863
)
 
(1,314
)
Investing activities
 
 
 
 
 
 
Dividends received from subsidiaries
 
14,534

 
13,534

 
7,034

Capital contributions to subsidiaries
 
—

 
(3,500
)
 
(3,000
)
Net cash provided by investing activities
 
14,534

 
10,034

 
4,034

Financing activities
 
 
 
 
 
 
Net (decrease) increase in short-term borrowed funds
 
(1,000
)
 
(1,500
)
 
1,500

Proceeds from issuance of subordinated notes payable
 
9,090

 
—

 
—

Repayment of subordinated notes payable
 
(7,875
)
 
—

 
—

Proceeds from exercise of stock options
 
—

 
—

 
300

Purchase of treasury stock
 
(323
)
 
(467
)
 
(946
)
Excess tax benefit from share-based compensation
 
—

 
—

 
162

Cash dividends paid
 
(4,538
)
 
(4,176
)
 
(3,816
)
Net cash used in financing activities
 
(4,646
)
 
(6,143
)
 
(2,800
)
Increase (decrease) in cash and cash equivalents
 
1,345

 
(972
)
 
(80
)
Cash and due from banks at the beginning of the period
 
127

 
1,099

 
1,179

Cash and due from banks at the end of the period
 
$
1,472

 
$
127

 
$
1,099