XML 115 R38.htm IDEA: XBRL DOCUMENT

Note 13 - Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

		December 31,
		2013				2012
Assets
Cash due from subsidiaries		$	27			$	21
Securities available for sale			1,313				1,597
Investments in subsidiaries, at equity			144,513				148,443
Refundable income taxes			---				77
Other assets			478				635
Total assets		$	146,331			$	150,773

Liabilities and Stockholders’ Equity
Other liabilities		$	439			$	664
Stockholders’ equity			145,892				150,109
Total liabilities and stockholders’ equity		$	146,331			$	150,773

Condensed Income Statement [Table Text Block]

		Years Ended December 31,
		2013				2012				2011
Income
Dividends from subsidiaries		$	7,882			$	7,639			$	7,258
Interest on securities – taxable			2				5				17
Interest on securities – nontaxable			19				33				42
Realized securities losses, net			(94	)			---				---
Other income			1,219				1,213				1,210
		$	9,028			$	8,890			$	8,527
Expenses
Other expenses		$	1,943			$	1,791			$	1,794
Income before income tax benefit and equity in undistributed net income of subsidiaries			7,085				7,099				6,733
Applicable income tax benefit			160				136				148
Income before equity in undistributed net income of subsidiaries			7,245				7,235				6,881
Equity in undistributed net income of subsidiaries			10,545				10,512				10,757
Net income		$	17,790			$	17,747			$	17,638

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows		Years ended December 31,
		2013				2012				2011
Cash Flows from Operating Expenses
Net income		$	17,790			$	17,747			$	17,638
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries			(10,545	)			(10,512	)			(10,757	)
Amortization of premiums and accretion of discounts, net			---				1				1
Depreciation expense			17				12				9
Net change in refundable income taxes due from subsidiaries			77				77				---
Net change in other assets			3				(199	)			147
Net change in other liabilities			20				(124	)			(364	)
Losses on securities			94				---				---
Net cash provided by operating activities			7,456				7,002				6,674

Cash Flows from Investing Activities
Purchases of securities available for sale			(614	)			(815	)			(1,973	)
Maturities and calls of securities available for sale			945				1,352				2,250
Net cash provided by investing activities			331				537				277

Cash Flows from Financing Activities
Cash dividends paid			(7,781	)			(7,639	)			(6,938	)
Exercise of stock options			---				119				92
Capital distribution to subsidiary			---				---				(105	)
Net cash used in financing activities			(7,781	)			(7,520	)			(6,951	)
Net change in cash			6				19				---
Cash due from subsidiaries at beginning of year			21				2				2
Cash due from subsidiaries at end of year		$	27			$	21			$	2