XML 119 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Note 19 - Parent Company | 12 Months Ended
--- | ---
Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
19. | PARENT COMPANY
Following are condensed financial statements for the Company. CONDENSED BALANCE SHEET
(Dollar amounts in thousands) |  | December 31, |
|  | 2013 |  |  | 2012 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 797 |  |  | $ | 1,740 |
Investment securities available for sale |  |  | 750 |  |  |  | 751 |
Investment in non-bank subsidiary |  |  | 2,560 |  |  |  | 2,664 |
Investment in subsidiary banks |  |  | 59,951 |  |  |  | 62,002 |
Other assets |  |  | 1,615 |  |  |  | 1,453 |
TOTAL ASSETS |  | $ | 65,673 |  |  | $ | 68,610 |
LIABILITIES |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 8,248 |  |  | $ | 8,248 |
Short-term borrowings |  |  | 3,895 |  |  |  | 4,896 |
Other liabilities |  |  | 57 |  |  |  | 29 |
TOTAL LIABILITIES |  |  | 12,200 |  |  |  | 13,173 |
STOCKHOLDERS' EQUITY |  |  | 53,473 |  |  |  | 55,437 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 65,673 |  |  | $ | 68,610 |
CONDENSED STATEMENT OF INCOME
|  | Year Ended December 31, |
(Dollar amounts in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 |
INCOME |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiary bank |  | $ | 2,198 |  |  | $ | 2,327 |  |  | $ | 2,403 |
Other |  |  | 5 |  |  |  | 8 |  |  |  | (177 | )
Total income |  |  | 2,203 |  |  |  | 2,335 |  |  |  | 2,226 |
EXPENSES |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 361 |  |  |  | 417 |  |  |  | 772 |
Other |  |  | 475 |  |  |  | 594 |  |  |  | 370 |
Total expenses |  |  | 836 |  |  |  | 1,011 |  |  |  | 1,142 |
Income before income tax benefit |  |  | 1,367 |  |  |  | 1,324 |  |  |  | 1,084 |
Income tax benefit |  |  | (283 | ) |  |  | (342 | ) |  |  | (449 | )
Income before equity in undistributed net income of subsidiaries |  |  | 1,650 |  |  |  | 1,666 |  |  |  | 1,533 |
Equity in undistributed net income of subsidiaries |  |  | 5,378 |  |  |  | 4,615 |  |  |  | 2,597 |
NET INCOME |  | $ | 7,028 |  |  | $ | 6,281 |  |  | $ | 4,130 |
Comprehensive (Loss) Income |  | $ | (600 | ) |  | $ | 7,131 |  |  | $ | 8,184 |
CONDENSED STATEMENT OF CASH FLOWS
|  | Year Ended December 31, |
(Dollar amounts in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 |
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,028 |  |  | $ | 6,281 |  |  | $ | 4,130 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of Middlefield Banking Company |  |  | (4,884 | ) |  |  | (4,655 | ) |  |  | (3,422 | )
Equity in undistributed net income of Emerald Bank |  |  | (598 | ) |  |  | (240 | ) |  |  | 384 |
Equity in undistributed net income of EMORECO |  |  | 104 |  |  |  | 280 |  |  |  | 441 |
Stock-based compensation expense |  |  | - |  |  |  | 32 |  |  |  | 59 |
Investment securities losses, net |  |  | - |  |  |  | - |  |  |  | 179 |
Other |  |  | (253 | ) |  |  | (885 | ) |  |  | (806 | )
Net cash provided by operating activities |  |  | 1,397 |  |  |  | 813 |  |  |  | 965 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiary bank |  |  | - |  |  |  | - |  |  |  | (1,500 | )
Net cash used for investing activities |  |  | - |  |  |  | - |  |  |  | (1,500 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net decrease in short-term borrowings |  |  | (976 | ) |  |  | (804 | ) |  |  | - |
Common stock issued |  |  | 74 |  |  |  | 2,329 |  |  |  | 2,210 |
Stock options exercised |  |  | (77 | ) |  |  | - |  |  |  | - |
Proceeds from dividend reinvestment plan |  |  | 736 |  |  |  | 694 |  |  |  | 542 |
Cash dividends |  |  | (2,097 | ) |  |  | (2,002 | ) |  |  | (1,764 | )
Net cash (used for) provided by financing activities |  |  | (2,340 | ) |  |  | 217 |  |  |  | 988 |
(Decrease) increase in cash |  |  | (943 | ) |  |  | 1,030 |  |  |  | 453 |
CASH AT BEGINNING OF YEAR |  |  | 1,740 |  |  |  | 710 |  |  |  | 257 |
CASH AT END OF YEAR |  | $ | 797 |  |  | $ | 1,740 |  |  | $ | 710 |

X
- Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 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 FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration