Note 19 - Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2016

	As of December 31,
	2016		2015
ASSETS
Cash and due from banks	$	3,645		40
Investment in subsidiary		78,945		70,141
Other assets		46		46

Total assets		82,636		70,227

LIABILITIES AND SHAREHOLDERS' EQUITY
Borrowings		19,709		8,073
Accrued expenses and other liabilities		357		690
Shareholders' equity		62,570		61,464

Total liabilities and shareholders' equity	$	82,636		70,227

	Year ended December 31,
	2016		2015		2014
Expenses:
Interest on subordinated debt	$	344		303		438
Interest on senior debt		25		-		-
Interest on other borrowings		3		-		-
Total interest expense		372		303		438
Other expenses		162		519		157
Loss before equity in undistributed net income of subsidiary		534		822		595
Equity in undistributed net income of subsidiary		2,464		2,965		16,304
Net Income		1,930		2,143		15,709
Equity in subsidiary other comprehensive income, net of subsidiary		32		125		910

Total comprehensive income	$	1,962		2,268		16,619

	Year ended December 31,
	2016			2015			2014
Cash Flows from Operating Activities:
Net Income	$	1,930			2,143			15,709
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed income of subsidiary		(2,464	)		(2,965	)		(16,304	)
Dividends received from Patriot Bank, N.A.		890			-			-
Share-based compensation expense		161			461			275
Amortization of debt issuance costs		9			7			6
Change in assets and liabilities:
Decrease (increase) in other assets		-			2			(36	)
Decrease in accrued expenses and other liabilities		(414	)		(3	)		(1,084	)
Net cash provided by (used in) operating activities		112			(355	)		(1,434	)

Cash Flows from Investing Activities:
Net (increase) decrease in investment in Patriot Bank N.A.		(7,198	)		-			95
Net cash (used in) provided by investing activities		(7,198	)		-			95

Cash Flows from Financing Activities:
Proceeds from issuance of senior notes, net of expenses		11,708			-			-
Purchase of treasury stock		(1,017	)		-			-
Net cash provided by financing activities		10,691			-			-

Net increase (decrease) in cash and cash equivalents		3,605			(355	)		(1,339	)

Cash and cash equivalents at beginning of year		40			395			1,734

Cash and cash equivalents at end of year	$	3,645			40			395


Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	$	777			-			1,704

Cash paid for income taxes	$	-			-			-


Supplemental Disclosure of Non-cash Activity:
Deferred debt issuance costs	$	82			-			-
Accounts payable		(82	)		-			-
	$	-			-			-