Parent Company financial statements (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

CONDENSED BALANCE SHEETS

December 31	2013		2012
Assets:
Cash and cash equivalents	$	3,157	$	2,785
Investment in bank subsidiary		232,825		128,679
Investment in non-bank subsidiary
Due from subsidiaries		2,472
Investment securities available-for-sale		1,097		1,039
Other assets				61
Total assets	$	239,551	$	132,564
Liabilities and Stockholders’ Equity:
Other liabilities	$	759	$	118
Stockholders’ equity		238,792		132,446
Total liabilities and stockholders’ equity	$	239,551	$	132,564

Condensed Statements of Income and Comprehensive Income

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

Years Ended December 31	2013			2012		2011
Income:
Dividends from subsidiaries	$	8,350		$	5,504	$	5,504
Other income		169			193		424
Total income		8,519			5,697		5,928
Expense:
Other expenses		76			47		46
Total expenses		76			47		46
Income before taxes and undistributed income		8,443			5,650		5,882
Income tax expense		33			59		154
Income before undistributed income of subsidiaries		8,410			5,591		5,728
Equity in undistributed net income (loss) of subsidiaries		(2,689	)		4,998		4,803
Net income	$	5,721		$	10,589	$	10,531
Comprehensive Income	$	5,313		$	10,577	$	12,371

Condensed Statements of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31	2013			2012			2011
Cash flows from operating activities:
Net income	$	5,721		$	10,589		$	10,531
Adjustments:
Net realized losses (gains) on sales of securities		(103	)		(136	)		(459	)
Other than temporary security impairment								78
Undistributed net income of subsidiaries		2,689			(5,038	)		(4,803	)
Decrease (increase) in other assets		(1,733	)					1
Increase (decrease) in other liabilities		641			(28	)		141
Stock based compensation		25			40
Deferred income tax expense		1			36			10
Increase in due from subsidiaries		(1,611	)
Net cash provided by operating activities		5,630			5,463			5,499
Cash flows from investing activities:
Proceeds from sale of available-for-sale securities		253			145			467
Purchase of available-for-sale securities					(103	)		(300	)
Net cash provided by (used in) investing activities		253			42			167
Cash flows from financing activities:
Cash dividends paid		(5,511	)		(5,504	)		(5,504	)
Net cash used in financing activities		(5,511	)		(5,504	)		(5,504	)
Increase in cash		372			1			162
Cash at beginning of year		2,785			2,784			2,622
Cash at end of year	$	3,157		$	2,785		$	2,784