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17. Peoples Bancorp of North Carolina, Inc. (Parent Company Only) Condensed Financial Statements | 12 Months Ended
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Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
17. Peoples Bancorp of North Carolina, Inc. (Parent Company Only) Condensed Financial Statements |
(17) | Peoples Bancorp of North Carolina, Inc. (Parent Company Only) Condensed Financial Statements
Assets |  | 2012 |  |  | 2011 |
Cash |  | $ | 324 |  |  |  | 316 |
Interest-bearing time deposit |  |  | 800 |  |  |  | 15,000 |
Investment in subsidiaries |  |  | 115,386 |  |  |  | 106,469 |
Investment securities available for sale |  |  | 1,596 |  |  |  | 1,520 |
Other assets |  |  | 260 |  |  |  | 341 |
Total assets |  | $ | 118,366 |  |  |  | 123,646 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 20,619 |  |  |  | 20,619 |
Shareholders' equity |  |  | 97,747 |  |  |  | 103,027 |
Total liabilities and shareholders' equity |  | $ | 118,366 |  |  |  | 123,646 |
Revenues: |  | 2012 |  |  | 2011 |  |  | 2010 |
Interest and dividend income |  | $ | 113 |  |  |  | 226 |  |  |  | 311 |
Impairment of securities |  |  | - |  |  |  | (144 | ) |  |  | (291 | )
Total revenues |  |  | 113 |  |  |  | 82 |  |  |  | 20 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest |  |  | 438 |  |  |  | 407 |  |  |  | 411 |
Other operating expenses |  |  | 476 |  |  |  | 190 |  |  |  | 191 |
Total expenses |  |  | 914 |  |  |  | 597 |  |  |  | 602 |
Loss before income tax benefit and equity in |  |  |  |  |  |  |  |  |  |  |  |
undistributed earnings of subsidiaries |  |  | (801 | ) |  |  | (515 | ) |  |  | (582 | )
Income tax benefit |  |  | 166 |  |  |  | 56 |  |  |  | 24 |
Loss before equity in undistributed |  |  |  |  |  |  |  |  |  |  |  |
earnings of subsidiaries |  |  | (635 | ) |  |  | (459 | ) |  |  | (558 | )
Equity in undistributed earnings of subsidiaries |  |  | 6,428 |  |  |  | 5,618 |  |  |  | 2,399 |
Net earnings |  | $ | 5,793 |  |  |  | 5,159 |  |  |  | 1,841 |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 5,793 |  |  |  | 5,159 |  |  |  | 1,841 |
Adjustments to reconcile net earnings to net |  |  |  |  |  |  |  |  |  |  |  |
cash used by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | (6,428 | ) |  |  | (5,618 | ) |  |  | (2,399 | )
Impairment of investment securities |  |  | - |  |  |  | 144 |  |  |  | 291 |
Change in: |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  |  | - |  |  |  | 112 |  |  |  | (66 | )
Accrued income |  |  | 11 |  |  |  | (11 | ) |  |  | - |
Accrued expense |  |  | 41 |  |  |  | (216 | ) |  |  | 147 |
Net cash used by operating activities |  |  | (583 | ) |  |  | (430 | ) |  |  | (186 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchases of investment securities available for sale |  |  | - |  |  |  | - |  |  |  | (36,000 | )
Proceeds from maturities of investment securities available for sale |  |  | - |  |  |  | - |  |  |  | 36,000 |
Net change in interest-bearing time deposit |  |  | 14,200 |  |  |  | 2,000 |  |  |  | 2,000 |
Net cash provided by investing activities |  |  | 14,200 |  |  |  | 2,000 |  |  |  | 2,000 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid on Series A preferred stock |  |  | (1,023 | ) |  |  | (1,253 | ) |  |  | (1,253 | )
Cash dividends paid on common stock |  |  | (1,003 | ) |  |  | (443 | ) |  |  | (448 | )
Preferred stock and warrant repurchase |  |  | (12,122 | ) |  |  | - |  |  |  | - |
Restricted stock payout |  |  | - |  |  |  | 17 |  |  |  | 12 |
Proceeds from exercise of stock options |  |  | 539 |  |  |  | - |  |  |  | - |
Net cash used by financing activities |  |  | (13,609 | ) |  |  | (1,679 | ) |  |  | (1,689 | )
Net change in cash |  |  | 8 |  |  |  | (109 | ) |  |  | 125 |
Cash at beginning of year |  |  | 316 |  |  |  | 425 |  |  |  | 300 |
Cash at end of year |  | $ | 324 |  |  |  | 316 |  |  |  | 425 |
Noncash investing and financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain on investment securities |  |  |  |  |  |  |  |  |  |  |  |
available for sale, net |  | $ | (46 | ) |  |  | (3 | ) |  |  | (172 | )

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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 SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: 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 6: 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=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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