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PARENT COMPANY CONDENSED FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2012
Balance Sheets

Condensed financial information for the Company (parent company only) follows:

 

Balance Sheets             
     As of December 31,  
     2012     2011  

Assets:

     

Cash and cash equivalents

    $ 236      $ 278   

Other assets

      120        139   

Investment in subsidiaries

      52,473        50,525   
  

 

 

    

 

 

  
   $ 52,829      $ 50,942   
  

 

 

    

 

 

  

Liabilities and Equity:

     

Accrued expenses

    $ 5      $ 0   

Stockholders’ equity

      52,824        50,942   
  

 

 

    

 

 

  
   $ 52,829      $ 50,942   
  

 

 

    

 

 

  
Statements of Income
Statements of Income             
     Years Ended December 31,  
     2012     2011  

Interest income

    $ 0      $ 1   

Dividend income

      2,206        2,207   

Other operating expenses

      (228 )      (222 ) 
  

 

 

    

 

 

  

Income before income taxes and equity in undistributed net income of subsidiaries

      1,978        1,986   

Income tax benefit

      87        71   
  

 

 

    

 

 

  

Income before equity in undistributed net income of subsidiaries

      2,065        2,057   

Equity in undistributed net income of subsidiaries

      1,857        1,915   
  

 

 

    

 

 

  

Net income

    $ 3,922      $ 3,972  
Statements of Cash Flows
Statements of Cash Flows             
     Years Ended December 31,  
     2012     2011  

Operating Activities:

     

Net income

    $ 3,922      $ 3,972   

Adjustments to reconcile net income to cash and cash equivalents provided by operating activities:

     

Equity in undistributed net income of subsidiaries

      (1,857 )      (1,915 ) 

Net change in other assets and liabilities

      24        (4 ) 
  

 

 

    

 

 

  

Net cash provided by operating activities

      2,089        2,053   
  

 

 

    

 

 

  

Financing Activities:

     

Exercise of stock options

      0        0   

Purchase of treasury stock

      (14 )      (27 ) 

Cash dividends paid

      (2,117 )      (2,117 ) 
  

 

 

    

 

 

  

Net cash used in financing activities

      (2,131 )      (2,144 ) 
  

 

 

    

 

 

  

Net decrease in cash and cash equivalents

      (42 )      (91 ) 

Cash and cash equivalents at beginning of year

      278        369   
  

 

 

    

 

 

  

Cash and cash equivalents at end of year

    $ 236      $ 278