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Condensed Financial Information (Parent Company Only) | 12 Months Ended
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Dec. 31, 2014
Condensed Financial Information (Parent Company Only) [Abstract] |
Condensed Financial Information (Parent Company Only) | Note 23: Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company: Condensed Balance Sheets
|  | 2014 |  |  | 2013 |
($ in thousands) |  |  |  |  |  |
Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 12,446 |  |  | $ | 6,353 |
Investment in common stock of banking subsidiaries |  |  | 75,194 |  |  |  | 72,391 |
Investment in nonbanking subsidiaries |  |  | 1,401 |  |  |  | 1,237 |
Other assets |  |  | 152 |  |  |  | 270 |
Total assets |  | $ | 89,193 |  |  | $ | 80,251 |
Liabilities |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 10,000 |  |  | $ | 20,000 |
Borrowings from nonbanking subsidiaries |  |  | 310 |  |  |  | 620 |
Other liabilities & accrued interest payable |  |  | 3,200 |  |  |  | 3,362 |
Total liabilities |  |  | 13,510 |  |  |  | 23,982 |
Stockholders' Equity |  |  | 75,683 |  |  |  | 56,269 |
Total liabilities and stockholders' equity |  | $ | 89,193 |  |  | $ | 80,251 |
Condensed Statements of Income and Comprehensive Income
($ in thousands) |  | 2014 |  |  | 2013 |
Income |  |  |  |  |  |
Dividends from subsidiaries: |  |  |  |  |  |
Banking subsidiaries |  | $ | 5,000 |  |  | $ | 4,000 |
Nonbanking subsidiaries |  |  | 39 |  |  |  | 186 |
Total |  |  | 5,039 |  |  |  | 4,186 |
Other income |  |  | - |  |  |  | 21 |
Total income |  |  | 5,039 |  |  |  | 4,207 |
Expenses |  |  |  |  |  |  |  |
Interest expense |  |  | 1,138 |  |  |  | 1,407 |
Other expense |  |  | 1,201 |  |  |  | 938 |
Total expenses |  |  | 2,339 |  |  |  | 2,345 |
Income before income tax and equity in undistributed income of subsidiaries |  |  | 2,700 |  |  |  | 1,862 |
Income tax benefit |  |  | (803 | ) |  |  | (790 | )
Income before equity in undistributed income of subsidiaries |  |  | 3,503 |  |  |  | 2,652 |
Equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |
Banking subsidiaries |  |  | 1,952 |  |  |  | 3,081 |
Nonbanking subsidiaries |  |  | (192 | ) |  |  | (364 | )
Total |  |  | 1,760 |  |  |  | 2,717 |
Net income |  | $ | 5,263 |  |  | $ | 5,369 |
Comprehensive income |  | $ | 6,107 |  |  | $ | 3,449 |
In December of 2011, the Company executed a transaction between two of its affiliates that was offset in the Parent Company financial statements. The transaction in the amount of $0.31 million involved the transfer of assets that were valued at less than the affiliate’s carrying value of the assets. Due to the assets remaining in the Company and for the purposes initially intended the loss was offset at the parent level. In 2014, the transaction had no effect on the consolidated financial statements. In 2013, the net effect of this transaction was a reduction in income of $0.16 million. Condensed Statements of Cash Flows
|  | 2014 |  |  | 2013 |
($ in thousands) |  |  |  |  |  |
Operating Activities |  |  |  |  |  |
Net income |  | $ | 5,263 |  |  | $ | 5,369 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (1,960 | ) |  |  | (2,717 | )
Expense of stock option plan |  |  | 90 |  |  |  | 64 |
Other assets |  |  | 118 |  |  |  | 1,894 |
Prepayment penalty on Trust Preferred |  |  | 333 |  |  |  | - |
Other liabilities |  |  | (162 | ) |  |  | 2,523 |
Net cash provided by operating activities |  |  | 3,682 |  |  |  | 7,133 |
Investing Activities |  |  |  |  |  |  |  |
Increase in Notes Receivable |  |  | - |  |  |  | - |
Investment in Subsidiary |  |  | (164 | ) |  |  | (103 | )
Net cash used in investing activities |  |  | (164 | ) |  |  | (103 | )
Financing Activities |  |  |  |  |  |  |  |
Dividends on Common Stock |  |  | (783 | ) |  |  | (586 | )
Proceeds from stock options exercised |  |  | 18 |  |  |  | 58 |
Redemption of trust preferred |  |  | (10,643 | ) |  |  | - |
Preferred stock raise |  |  | 13,983 |  |  |  | - |
Repayment of Notes Payable |  |  | - |  |  |  | (750 | )
Net cash provided by (used in) financing activities |  |  | 2,575 |  |  |  | (1,278 | )
Net Change in Cash and Cash Equivalents |  |  | 6,093 |  |  |  | 5,752 |
Cash and Cash Equivalents at Beginning of Year |  |  | 6,353 |  |  |  | 601 |
Cash and Cash Equivalents at End of Year |  | $ | 12,446 |  |  | $ | 6,353 |

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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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