Condensed Financial Information (Parent Company Only)

12 Months Ended

Dec. 31, 2011

Condensed Financial Information (Parent Company Only)

Note 24: 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
	2011			2010
Assets
Cash on deposit with Bank	$	494		$	1,604
Cash on deposit with others		1,181			621
Total cash		1,675			2,225
Investment in common stock of Bank		143,971			142,202
Deferred and current income tax		239			239
Other assets		(445	)		(322	)
Total assets	$	145,440		$	144,344
Liabilities
Other borrowings	$	12,410		$	13,167
Other liabilities		403			37
Total liabilities		12,813			13,204
Stockholders' Equity		132,627			131,140
Total liabilities and stockholders' equity	$	145,440		$	144,344

Condensed Statements of Income
	2011			2010			2009
Income
Interest income from Bank	$	10		$	13		$	23
Dividends from Bank		7,904			3,600			4,103
Other income		—			1			16
Total income		7,914			3,614			4,142
Expenses		1,587			1,334			1,463
Income before income tax and equity in undistributed income of the Bank		6,327			2,280			2,679
Income tax benefit		(478	)		(440	)		(484	)
Income before equity in undistributed income (distributions in excess of income) of the Bank		6,805			2,720			3,163
Equity in undistributed income (distributions in excess of income) of the Bank		(3,321	)		3,832			—
Net income		3,484			6,552			3,163
Preferred stock dividends and accretion		2,115			1,803			1,803
Net Income Available to Common Shareholders	$	1,369		$	4,749		$	1,360

Condensed Statements of Cash Flows
	2011			2010			2009
Operating Activities
Net income	$	3,484		$	6,552		$	3,163
Item not requiring cash
ESOP shares earned		268			233			215
Deferred income tax benefit		46			5			3
(Equity in undistributed income) distributions in excess of income of subsidiary		3,322			(3,832	)		—
Other		892			380			591
Net cash provided by operating activities		8,012			3,338			3,972
Investing Activities
Distributions on equity investment of subsidiary		—			—			1,897
Net cash provided in investing activities		—			—			1,897
Financing Activities
Repayment of other borrowings		(800	)		(764	)		(11,500	)
Proceeds from issuance of long-term debt		—			—			10,000
Proceeds from issuance of preferred stock		28,923			—			—
Stock repurchased		(33,282	)		—			—
Cash dividends		(3,420	)		(3,265	)		(4,314	)
Proceeds from stock options exercised		17			—			—
Tax benefit on stock options and RRP shares					—			(35	)
Net cash used in financing activities		(8,562	)		(4,029	)		(5,849	)
Net Change in Cash		(550	)		(691	)		20
Cash, Beginning of Year		2,225			2,916			2,896
Cash, End of Year	$	1,675		$	2,225		$	2,916