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Parent Company | 12 Months Ended
--- | ---
Dec. 31, 2015
Parent Company |
20. | PARENT COMPANY
Following are condensed financial statements for the Company. CONDENSED BALANCE SHEET
(Dollar amounts in thousands) |  | December 31, |
|  | 2015 |  |  | 2014 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 1,329 |  |  | $ | 466 |
Investment securities available for sale |  |  | 814 |  |  |  | 783 |
Investment in nonbank subsidiary |  |  | 2,418 |  |  |  | 2,534 |
Investment in subsidiary bank |  |  | 73,061 |  |  |  | 69,514 |
Other assets |  |  | 2,475 |  |  |  | 1,981 |
TOTAL ASSETS |  | $ | 80,097 |  |  | $ | 75,278 |
LIABILITIES |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 8,248 |  |  | $ | 8,248 |
Short-term borrowings |  |  | 9,499 |  |  |  | 3,136 |
Other liabilities |  |  | 43 |  |  |  | 27 |
TOTAL LIABILITIES |  |  | 17,790 |  |  |  | 11,411 |
STOCKHOLDERS’ EQUITY |  |  | 62,307 |  |  |  | 63,867 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |  | $ | 80,097 |  |  | $ | 75,278 |
CONDENSED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
|  | Year Ended December 31, |
(Dollar amounts in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
INCOME |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiary bank |  | $ | 4,023 |  |  | $ | 3,142 |  |  | $ | 2,198 |
Other |  |  | 19 |  |  |  | 8 |  |  |  | 5 |
Total income |  |  | 4,042 |  |  |  | 3,150 |  |  |  | 2,203 |
EXPENSES |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 290 |  |  |  | 304 |  |  |  | 361 |
Other |  |  | 860 |  |  |  | 816 |  |  |  | 475 |
Total expenses |  |  | 1,150 |  |  |  | 1,120 |  |  |  | 836 |
Income before income tax benefit |  |  | 2,892 |  |  |  | 2,030 |  |  |  | 1,367 |
Income tax benefit |  |  | (386 | ) |  |  | (378 | ) |  |  | (283 | )
Income before equity in undistributed net income of subsidiaries |  |  | 3,278 |  |  |  | 2,408 |  |  |  | 1,650 |
Equity in undistributed net income of subsidiaries |  |  | 3,587 |  |  |  | 4,772 |  |  |  | 5,378 |
NET INCOME |  | $ | 6,865 |  |  | $ | 7,180 |  |  | $ | 7,028 |
Comprehensive Income (Loss) |  | $ | 6,712 |  |  | $ | 11,965 |  |  | $ | (600 | )
CONDENSED STATEMENT OF CASH FLOWS
|  | Year Ended December 31, |
(Dollar amounts in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 6,865 |  |  | $ | 7,180 |  |  | $ | 7,028 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of Middlefield Banking Company |  |  | (3,703 | ) |  |  | (4,798 | ) |  |  | (4,884 | )
Equity in undistributed net income of Emerald Bank |  |  | — |  |  |  | — |  |  |  | (598 | )
Equity in undistributed net loss of EMORECO |  |  | 116 |  |  |  | 26 |  |  |  | 104 |
Stock-based compensation expense |  |  | 18 |  |  |  | 10 |  |  |  | — |
Other |  |  | (503 | ) |  |  | (409 | ) |  |  | (253 | )
Net cash provided by operating activities |  |  | 2,793 |  |  |  | 2,009 |  |  |  | 1,397 |
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net increase (decrease) in short-term borrowings |  |  | 6,363 |  |  |  | (759 | ) |  |  | (976 | )
Purchase of treasury stock |  |  | (6,784 | ) |  |  | — |  |  |  | — |
Common stock issued |  |  | — |  |  |  | — |  |  |  | 74 |
Stock options exercised |  |  | (7 | ) |  |  | (50 | ) |  |  | (77 | )
Proceeds from dividend reinvestment plan |  |  | 651 |  |  |  | 590 |  |  |  | 736 |
Cash dividends |  |  | (2,153 | ) |  |  | (2,121 | ) |  |  | (2,097 | )
Net cash used for financing activities |  |  | (1,930 | ) |  |  | (2,340 | ) |  |  | (2,340 | )
Increase (decrease) in cash |  |  | 863 |  |  |  | (331 | ) |  |  | (943 | )
CASH AT BEGINNING OF YEAR |  |  | 466 |  |  |  | 797 |  |  |  | 1,740 |
CASH AT END OF YEAR |  | $ | 1,329 |  |  | $ | 466 |  |  | $ | 797 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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 + Details
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