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Note Q - Parent Company Only Condensed Financial Information
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
Note
Q
- Parent Company Only Condensed Financial Information
 
Below is condensed financial information of Ohio Valley. In this information, Ohio Valley’s investment in its subsidiaries is stated at cost plus equity in undistributed earnings of the subsidiaries since acquisition. This information should be read in conjunction with the consolidated financial statements of the Company.
 
CONDENSED STATEMENTS OF CONDITION
   
Years ended December 31:
  
Assets
  
2016
    
2015
  
Cash and cash equivalents
  $
2,747
     $
2,233
  
Investment in subsidiaries
   
115,057
      
96,759
  
Notes receivable – subsidiaries
   
3,420
      
3,881
  
Other assets
   
52
      
63
  
Total assets
  $
121,276
     $
102,936
  
                 
Liabilities
 
 
 
 
 
 
 
 
Notes payable
  $
7,882
     $
3,918
  
Subordinated debentures
   
8,500
      
8,500
  
Other liabilities
   
366
      
48
  
Total liabilities
   
16,748
      
12,466
  
                 
Shareholders’ Equity
 
 
 
 
 
 
 
 
Total shareholders’ equity
   
104,528
      
90,470
  
Total liabilities and shareholders’ equity
  $
121,276
     $
102,936
  
 
 
CONDENSED STATEMENTS OF INCOME
   
Years ended December 31:
  
Income:
  
2016
    
2015
    
2014
  
Interest on notes
  $
52
     $
53
     $
84
  
Other operating income
   
----
      
----
      
34
  
Dividends from subsidiaries
   
6,900
      
3,500
      
3,500
  
Gain on sale of ProAlliance Corporation
   
----
      
----
      
810
  
                         
Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Interest on notes
   
136
      
53
      
84
  
Interest on subordinated debentures
   
204
      
170
      
165
  
Operating expenses
   
667
      
345
      
384
  
Income before income taxes and equity in undistributed earnings of subsidiaries..
    
5,945
      
2,985
      
3,795
  
Income tax benefit
   
256
      
167
      
(108
)
Equity in undistributed earnings of subsidiaries
   
719
      
5,422
      
4,386
  
Net Income
  $
6,920
     $
8,574
     $
8,073
  
 
 
CONDENSED STATEMENTS OF CASH FLOWS
 
   
Years ended December 31:
  
Cash flows from operating activities:
  
2016
    
2015
    
2014
  
Net Income
  $
6,920
     $
8,574
     $
8,073
  
Adjustments to reconcile net income to net cash provided by operating activities:
                        
Gain on sale of ProAlliance Corporation
   
----
      
----
      
(810
)
Equity in undistributed earnings of subsidiaries
   
(719
)
    
(5,422
)
    
(4,386
)
Common stock issued to ESOP
   
575
      
----
      
351
  
Change in other assets
   
11
      
(16
)
    
323
  
Change in other liabilities
   
318
      
(141
)
    
(334
)
Net cash provided by operating activities
   
7,105
      
2,995
      
3,217
  
                         
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Cash paid for Milton Bancorp, Inc. acquisition
   
(7,431
)
    
----
      
----
  
Proceeds from sale of ProAlliance Corporation
   
----
      
----
      
810
  
Investment in OVBC Captive
   
----
      
----
      
(250
)
Change in notes receivable
   
461
      
(100
)
    
(262
)
Net cash provided by (used in) investing activities
   
(6,970
)
    
(100
)
    
298
  
                         
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
Change in notes payable
   
3,964
      
128
      
262
  
Proceeds from common stock through dividend reinvestment
   
----
      
----
      
103
  
Cash dividends paid
   
(3,585
)
    
(3,665
)
    
(3,441
)
Net cash provided by (used in) financing activities
   
379
      
(3,537
)
    
(3,076
)
                         
Cash and cash equivalents:
 
 
 
 
 
 
 
 
 
 
 
 
Change in cash and cash equivalents
   
514
      
(642
)
    
439
  
Cash and cash equivalents at beginning of year
   
2,233
      
2,875
      
2,436
  
Cash and cash equivalents at end of year
  $
2,747
     $
2,233
     $
2,875