Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

	Year ended December 31,
Condensed Balance Sheets	2012		2011
	(Dollars in thousands)
Assets:
Cash	$	2,001	$	2,688
Investment in The Lorain National Bank	124,113		126,533
Other investments	—		7
Other assets	505		552
Total Assets	$	126,619	$	129,780
Liabilities and Shareholders’ Equity
Junior subordinated debentures	$	16,238	$	16,238
Other liabilities	237		268
Shareholders’ equity	110,144		113,274
Total Liabilities and Shareholders’ Equity	$	126,619	$	129,780

Condensed Statements of Income

	Year ended December 31,
Condensed Statements of Income	2012			2011			2010
	(Dollars in thousands)
Income
Interest income	$	—		$	160		$	267
Cash dividend from The Lorain National Bank	7,650			—			1,000
Other income	21			21			25
Gain on extinguishment of debt	—			—			2,210
Total Income	7,671			181			3,502
Expenses
Interest expense	699			687			778
Other expenses	752			357			181
Total Expense	1,451			1,044			959
Income (loss) before income taxes and equity in undistributed net income of subsidiary	6,220			(863		)	2,543
Income tax expense (benefit)	(486		)	(304		)	520
Equity in undistributed net income (loss) of subsidiary	(599		)	5,562			3,342
Net Income	$	6,107		$	5,003		$	5,365

Condensed Statements of Cash Flows

	Year ended December 31,
Condensed Statements of Cash Flows	2012			2011			2010
	(Dollars in thousands)
Net Income	$	6,107		$	5,003		$	5,365
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net (income) loss of subsidiary	599			(5,562		)	(3,342		)
Share-based compensation expense	311			189			102
Gain on extinguishment of debt	—			—			(2,210		)
Net change in other assets and liabilities	883			(25		)	213
Net cash provided by (used in) operating activities	7,900			(395		)	128
Cash Flows from Investing Activities:
Payments from The Lorain National Bank for subordinated debt instrument	—			4,000			—
Net cash provided by investing activities	—			4,000			—
Cash Flows from Financing Activities:
Extinguishment of debt, net	—			—			(10		)
Repurchase of warrants	(860		)
Redemption of Fixed-Rate Cumulative Perpetual Preferred stock	(6,159		)
Dividends paid	(1,568		)	(1,576		)	(1,565		)
Net cash used in financing activities	(8,587		)	(1,576		)	(1,575		)
Net increase (decrease) in cash equivalents	(687		)	2,029			(1,447		)
Cash and cash equivalents at beginning of year	2,688			659			2,106
Cash and cash equivalents at end of year	$	2,001		$	2,688		$	659