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Note 23 - Parent Company Condensed Financial Information | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ( 23 ) PARENT COMPANY CONDENSED FINANCIAL INFORMATION Condensed financial information for the Company (parent company only) follows:
Balance Sheets
(In thousands)
|  | As of December 31 ,
|  | 2018 |  | 2017
Assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,845 |  |  | $ | 1,850 |
Other assets |  |  | 2,039 |  |  |  | 234 |
Investment in subsidiaries |  |  | 80,960 |  |  |  | 78,854 |
|  | $ | 85,844 |  |  | $ | 80,938 |
Liabilities and Equity: |  |  |  |  |  |  |  |
Accrued expenses |  | $ | – |  |  | $ | – |
Stockholders' equity |  |  | 85,844 |  |  |  | 80,938 |
|  | $ | 85,844 |  |  | $ | 80,938 |
Statements of Income
(In thousands)
|  | Years Ended December 31 ,
|  | 2018 |  | 2017 |  | 2016
Dividend income from subsidiaries |  | $ | 6,297 |  |  | $ | 4,175 |  |  | $ | 2,550 |
Other income |  |  | 16 |  |  |  | 4 |  |  |  | 152 |
Loss on equity securities |  |  | (207 | ) |  |  | – |  |  |  | – |
Other operating expenses |  |  | (587 | ) |  |  | (383 | ) |  |  | (534 | )
Income before income taxes and equity in undistributed net income of subsidiaries |  |  | 5,519 |  |  |  | 3,796 |  |  |  | 2,168 |
Income tax benefit |  |  | 210 |  |  |  | 147 |  |  |  | 158 |
Income before equity in undistributed net income of subsidiaries |  |  | 5,729 |  |  |  | 3,943 |  |  |  | 2,326 |
Equity in undistributed net income of subsidiaries |  |  | 3,524 |  |  |  | 3,496 |  |  |  | 4,538 |
Net income |  | $ | 9,253 |  |  | $ | 7,439 |  |  | $ | 6,864 |
Statements of Cash Flows
(In thousands)
|  | Years Ended December 31 ,
|  | 2018 |  | 2017 |  | 2016
Operating Activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 9,253 |  |  | $ | 7,439 |  |  | $ | 6,864 |
Adjustments to reconcile net income to cash andcash equivalents provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (3,524 | ) |  |  | (3,496 | ) |  |  | (4,538 | )
Stock compensation expense |  |  | 192 |  |  |  | 88 |  |  |  | 82 |
Gain on sale of cost method equity investment |  |  | – |  |  |  | – |  |  |  | (145 | )
Unrealized loss on equity securities |  |  | 207 |  |  |  | – |  |  |  | – |
Net change in other assets and liabilities |  |  | (89 | ) |  |  | (20 | ) |  |  | (15 | )
Net cash provided by operating activities |  |  | 6,039 |  |  |  | 4,011 |  |  |  | 2,248 |
Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of cost method equity investment |  |  | – |  |  |  | – |  |  |  | 856 |
Purchase of equity investment |  |  | (1,922 | ) |  |  | – |  |  |  | – |
Net cash provided by (used in) investing activities |  |  | (1,922 | ) |  |  | – |  |  |  | 856 |
Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of treasury stock |  |  | (34 | ) |  |  | (18 | ) |  |  | (34 | )
Cash dividends paid |  |  | (3,088 | ) |  |  | (2,870 | ) |  |  | (2,804 | )
Net cash used in financing activities |  |  | (3,122 | ) |  |  | (2,888 | ) |  |  | (2,838 | )
Net increase in cash and cash equivalents |  |  | 995 |  |  |  | 1,123 |  |  |  | 266 |
Cash and cash equivalents at beginning of year |  |  | 1,850 |  |  |  | 727 |  |  |  | 461 |
Cash and cash equivalents at end of year |  | $ | 2,845 |  |  | $ | 1,850 |  |  | $ | 727 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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