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PARENT COMPANY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2013
PARENT COMPANY CONDENSED FINANCIAL INFORMATION |
(22) | PARENT COMPANY CONDENSED FINANCIAL INFORMATION (In thousands)
Condensed financial information for the Company (parent company only) follows: Balance Sheets
|  | As of December 31, |
|  | 2013 |  |  | 2012 |
Assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 132 |  |  | $ | 236 |
Other assets |  |  | 670 |  |  |  | 120 |
Investment in subsidiaries |  |  | 52,430 |  |  |  | 52,473 |
|  | $ | 53,232 |  |  | $ | 52,829 |
Liabilities and Equity: |  |  |  |  |  |  |  |
Accrued expenses |  | $ | 5 |  |  | $ | 5 |
Stockholders’ equity |  |  | 53,227 |  |  |  | 52,824 |
|  | $ | 53,232 |  |  | $ | 52,829 |
Statements of Income
|  | Years Ended December 31, |
|  | 2013 |  |  | 2012 |
Dividend income |  | $ | 2,847 |  |  | $ | 2,206 |
Other operating expenses |  |  | (253 | ) |  |  | (228 | )
Income before income taxes and equity in undistributed net income of subsidiaries |  |  | 2,594 |  |  |  | 1,978 |
Income tax benefit |  |  | 98 |  |  |  | 87 |
Income before equity in undistributed net income of subsidiaries |  |  | 2,692 |  |  |  | 2,065 |
Equity in undistributed net income of subsidiaries |  |  | 2,382 |  |  |  | 1,857 |
Net income |  | $ | 5,074 |  |  | $ | 3,922 |
Statements of Cash Flows
|  | Years Ended December 31, |
|  | 2013 |  |  | 2012 |
Operating Activities: |  |  |  |  |  |  |  |
Net income |  | $ | 5,074 |  |  | $ | 3,922 |
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (2,382 | ) |  |  | (1,857 | )
Net change in other assets and liabilities |  |  | (9 | ) |  |  | 24 |
Net cash provided by operating activities |  |  | 2,683 |  |  |  | 2,089 |
Investing Activity: |  |  |  |  |  |  |  |
Cost method equity investment |  |  | (540 | ) |  |  | 0 |
Net cash used in investing activity |  |  | (540 | ) |  |  | 0 |
Financing Activities: |  |  |  |  |  |  |  |
Exercise of stock options |  |  | 0 |  |  |  | 0 |
Purchase of treasury stock |  |  | (19 | ) |  |  | (14 | )
Cash dividends paid |  |  | (2,228 | ) |  |  | (2,117 | )
Net cash used in financing activities |  |  | (2,247 | ) |  |  | (2,131 | )
Net decrease in cash and cash equivalents |  |  | (104 | ) |  |  | (42 | )
Cash and cash equivalents at beginning of year |  |  | 236 |  |  |  | 278 |
Cash and cash equivalents at end of year |  | $ | 132 |  |  | $ | 236 |

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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 06 -Article 9 Reference 2: 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=26873400&loc=d3e24072-122690 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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