Condensed financial information of the parent company only is presented in the following two tables:



Balance Sheets				December 31,
				2017			2016
				(Amounts in thousands)
Assets:
Cash				$	1,578		$	1,317
Investments in subsidiaries				147,664			140,103
Other assets				5			5
Total assets				$	149,247		$	141,425
Liabilities and Equity:
Subordinated debentures				$	13,403		$	13,403
Other liabilities				1,196			954
Equity				134,648			127,068
Total liabilities and equity				$	149,247		$	141,425

Statements of Income	Years ended December 31,
	2017			2016			2015
	(Amounts in thousands)
Income:
Dividends from bank subsidiary	$	5,200		$	3,400		$	2,657
Other income	—			—			—
Total income	5,200			3,400			2,657
Expense:
Interest on subordinated debentures	399			311			259
Salary	160			160			160
Other expenses	118			118			101
Total expenses	677			589			520
Net Income	4,523			2,811			2,137
Equity in undistributed income of subsidiaries	7,024			15,698			8,560
Net income	11,547			18,509			10,697
Preferred stock dividend and discount accretion	(1,119		)	(1,200		)	(1,200		)
Net income available to common shareholders	$	10,428		$	17,309		$	9,497



Statements of Cash Flows
	Years ended December 31,
	2017			2016			2015
	(Amounts in thousands)
Cash Flows from Operating Activities
Net income	$	11,547		$	18,509		$	10,697
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(7,024		)	(15,698		)	(8,560		)
Changes in operating assets and liabilities:
Decrease in other assets	—			—			(51		)
Increase in accrued interest payable and other accrued liabilities	242			254			436
Net cash provided by operating activities	4,765			3,065			2,522
Cash Flows from Financing Activities
Purchase of treasury stock	—			(4		)	(831		)
Proceeds from exercise of stock options	87			—			2,749
Payment of dividend on preferred stock and common stock	(4,385		)	(3,264		)	(2,661		)
Other, net	(206		)	(20		)	(377		)
Net cash used in financing activities	(4,504		)	(3,288		)	(1,120		)
Increase (decrease) in cash and cash equivalents	261			(223		)	1,402
Cash and Cash Equivalents, January 1,	1,317			1,540			138
Cash and Cash Equivalents, December 31,	$	1,578		$	1,317		$	1,540