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Parent Company Only Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2019
Parent Company Only Financial Information |
Parent Company Only Financial Information | 27. Parent Company Only Financial Information ﻿ Condensed Statement of Financial Condition ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | December 31,
﻿(In thousands) |  | 2019 |  | 2018
﻿Assets |  |  |  |  |  |
﻿Cash |  | $ | 234 |  | $ | 236
﻿Investment securities- Available for Sale (at fair value) |  |  | 13,164 |  |  | 13,992
﻿Investment in bank subsidiary |  |  | 142,290 |  |  | 131,816
﻿Investment in non-bank subsidiaries |  |  | 929 |  |  | 929
﻿Other assets |  |  | 5,427 |  |  | 4,801
﻿Total Assets |  | $ | 162,044 |  | $ | 151,774
﻿Liabilities and Shareholders' Equity |  |  |  |  |  |
﻿Accrued interest and other liabilities |  | $ | 4,250 |  | $ | 3,141
﻿Dividends payable |  |  | 925 |  |  | 638
﻿Junior subordinated debt |  |  | 30,929 |  |  | 30,929
﻿Shareholders' equity |  |  | 125,940 |  |  | 117,066
﻿Total Liabilities and Shareholders' Equity |  | $ | 162,044 |  | $ | 151,774
﻿ ﻿ Condensed Statement of Income ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Year Ended
﻿ |  | December 31,
﻿(In thousands) |  | 2019 |  | 2018
﻿Income: |  |  |  |  |  |
﻿Dividend income from bank subsidiary |  | $ | 3,141 |  | $ | 1,988
﻿Interest income on investments |  |  | 948 |  |  | 895
﻿Other income |  |  | 99 |  |  | 70
﻿Total other income |  |  | 1,047 |  |  | 965
﻿Total Income |  |  | 4,188 |  |  | 2,953
﻿Expenses: |  |  |  |  |  |
﻿Interest expense |  |  | 1,418 |  |  | 1,387
﻿Other expenses |  |  | 276 |  |  | 263
﻿Total Expenses |  |  | 1,694 |  |  | 1,650
﻿Income before income taxes and equity in undistributed net income of subsidiaries |  |  | 2,494 |  |  | 1,303
﻿Applicable income tax benefit/(expense) |  |  | 130 |  |  | (828)
﻿Net income before equity in undistributed net income of subsidiaries |  |  | 2,624 |  |  | 475
﻿Equity in undistributed net income of subsidiaries: |  |  |  |  |  |
﻿Bank |  |  | 10,505 |  |  | 10,192
﻿Net Income |  | $ | 13,129 |  | $ | 10,667
﻿ ﻿ ﻿ ﻿ Condensed Statement of Comprehensive Income ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Year Ended
﻿ |  | December 31,
﻿Components of Comprehensive Income (in thousands) |  | 2019 |  | 2018
﻿Net Income |  | $ | 13,129 |  | $ | 10,667
﻿Unrealized (losses)/gains on AFS Securities, net of tax |  |  | (685) |  |  | 877
﻿Unrealized (losses)/gains on cash flow hedges, net of tax |  |  | (858) |  |  | 191
﻿Other comprehensive (loss)/income, net of tax |  |  | (1,543) |  |  | 1,068
﻿Comprehensive income |  | $ | 11,586 |  | $ | 11,735
﻿ ﻿ ﻿ Condensed Statement of Cash Flows ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Year Ended
﻿ |  | December 31,
﻿(In thousands) |  | 2019 |  | 2018
﻿Operating Activities |  |  |  |  |  |
﻿Net Income |  | $ | 13,129 |  | $ | 10,667
﻿Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
﻿Equity in undistributed net income of subsidiaries |  |  | (10,505) |  |  | (10,192)
﻿(Increase)/decrease in other assets |  |  | (478) |  |  | 2,566
﻿Increase/(decrease) in accrued interest payable and other liabilities |  |  | 539 |  |  | (653)
﻿Stock compensation |  |  | 268 |  |  | 249
﻿Net cash provided by operating activities |  |  | 2,953 |  |  | 2,637
﻿Financing Activities |  |  |  |  |  |
﻿Proceeds from issuance of common stock |  |  | 170 |  |  | 119
﻿Cash dividends on common stock |  |  | (3,125) |  |  | (2,549)
﻿Net cash used in financing activities |  |  | (2,955) |  |  | (2,430)
﻿(Decrease)/increase in cash and cash equivalents |  |  | (2) |  |  | 207
﻿Cash and cash equivalents at beginning of year |  |  | 236 |  |  | 29
﻿Cash and cash equivalents at end of year |  | $ | 234 |  | $ | 236
﻿ ﻿ ﻿ Accumulated Other Comprehensive Income ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿Components of Other Comprehensive Income/(Loss) (in thousands) |  | Before Tax Amount |  | Tax (Expense) Benefit |  | Net
﻿For the year ended December 31, 2019 |  |  |  |  |  |  |  |  |
﻿Available for Sale Securities: |  |  |  |  |  |  |  |  |
﻿Unrealized holding losses |  | $ | (936) |  | $ | 251 |  | $ | (685)
﻿Cash flow hedges: |  |  |  |  |  |  |  |  |
﻿Unrealized holding losses |  |  | (1,172) |  |  | 314 |  |  | (858)
﻿Other comprehensive loss |  | $ | (2,108) |  | $ | 565 |  | $ | (1,543)
﻿For the year ended December 31, 2018 |  |  |  |  |  |  |  |  |
﻿Available for Sale Securities: |  |  |  |  |  |  |  |  |
﻿Unrealized holding gains |  | $ | 1,203 |  | $ | (326) |  | $ | 877
﻿Cash flow hedges: |  |  |  |  |  |  |  |  |
﻿Unrealized holding gains |  |  | 262 |  |  | (71) |  |  | 191
﻿Other comprehensive income |  | $ | 1,465 |  | $ | (397) |  | $ | 1,068
﻿ ﻿

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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/disclosureRef -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 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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