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Parent Company Only Financial Information
 3 Months Ended
Mar. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Parent Company Only Financial Information
Parent Company Only Financial Information
Interim Condensed Balance Sheets

March 31
2018
 
December 31
2017
ASSETS
 
 
 
Cash on deposit at the Bank
$
1,410

 
$
185

Investments in subsidiaries
141,754

 
145,962

Premises and equipment
1,914

 
1,950

Other assets
51,360

 
52,253

TOTAL ASSETS
$
196,438

 
$
200,350

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Other liabilities
$
5,348

 
$
5,445

Shareholders' equity
191,090

 
194,905

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
196,438

 
$
200,350


Interim Condensed Statements of Income
 
Three Months Ended 
 March 31

2018
 
2017
Income
 
 
 
Dividends from subsidiaries
$
2,100

 
$
1,700

Interest income
—

 
2

Management fee and other
675

 
1,550

Total income
2,775

 
3,252

Expenses
 
 
 
Compensation and benefits
984

 
1,372

Occupancy and equipment
123

 
444

Audit and related fees
69

 
124

Other
394

 
541

Total expenses
1,570

 
2,481

Income before income tax benefit and equity in undistributed earnings of subsidiaries
1,205

 
771

Federal income tax benefit
188

 
316

Income before equity in undistributed earnings of subsidiaries
1,393

 
1,087

Undistributed earnings of subsidiaries
2,069

 
2,049

Net income
$
3,462

 
$
3,136


Interim Condensed Statements of Cash Flows
 
Three Months Ended 
 March 31

2018
 
2017
Operating activities
 
 
 
Net income
$
3,462

 
$
3,136

Adjustments to reconcile net income to cash provided by operations
 
 
 
Undistributed earnings of subsidiaries
(2,069
)
 
(2,049
)
Undistributed earnings of equity securities without readily determinable fair values
63

 
78

Share-based payment awards under equity compensation plan
146

 
178

Depreciation
30

 
39

Changes in operating assets and liabilities which provided (used) cash
 
 
 
Other assets
830

 
74

Accrued interest and other liabilities
(97
)
 
(1,073
)
Net cash provided by (used in) operating activities
2,365

 
383

Investing activities
 
 
 
Maturities, calls, principal payments, and sales of AFS securities
—

 
249

Sales (purchases) of premises and equipment
6

 
(3
)
Net cash provided by (used in) investing activities
6

 
246

Financing activities
 
 
 
Cash dividends paid on common stock
(2,041
)
 
(1,953
)
Proceeds from the issuance of common stock
1,616

 
1,770

Common stock repurchased
(620
)
 
(1,169
)
Common stock purchased for deferred compensation obligations
(101
)
 
(123
)
Net cash provided by (used in) financing activities
(1,146
)
 
(1,475
)
Increase (decrease) in cash and cash equivalents
1,225

 
(846
)
Cash and cash equivalents at beginning of period
185

 
1,297

Cash and cash equivalents at end of period
$
1,410

 
$
451