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Note 23 - Parent Company Condensed Financial Information
 12 Months Ended
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