Condensed Financial Information - Parent Company Only

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure

Note 18: Condensed Financial Information – Parent Company Only

The condensed financial statements of Bar Harbor Bankshares as of December 31, 2013 and 2012, and for the years ended December 31, 2013, 2012 and 2011 are presented below:

BALANCE SHEETS

December 31

		2013		2012
Cash	$	760	$	538
Investment in subsidiaries		123,129		129,275
Premises		690		689
Other assets		132		487
Total assets	$	124,711	$	130,989
Liabilities
Total liabilities	$	3,332	$	2,943
Shareholders' equity
Total shareholders' equity	$	121,379	$	128,046
Liabilities and Shareholders' equity	$	124,711	$	130,989

STATEMENTS OF INCOME

Years Ended December 31

		2013			2012			2011
Dividend income from subsidiaries	$	4,883		$	4,097		$	4,180
Equity in undistributed earnings of subsidiaries (1)		9,468			9,137			7,505
Bankshares expenses		(1,591	)		(1,063	)		(865	)
Tax benefit		423			295			223
Net income	$	13,183		$	12,466		$	11,043

(1) Amount in parentheses represents the excess of dividends over net income subsidiaries.

STATEMENTS OF CASH FLOWS

Years Ended December 31

		2013			2012			2011
Cash flows from operating activities:
Net income	$	13,183		$	12,466		$	11,043
Adjustments to reconcile net income to cash
provided by operating activities:
Depreciation		1			3			42
Recognition of stock based expense		265			216			99
Net change in other assets		331			(865	)		(142	)
Net change in other liabilities		389			663			144
Equity in undistributed earnings of subsidiaries		(9,468	)		(9,137	)		(7,505	)
Net cash provided by operating activities		4,701			3,346			3,681
Cash flows from investing activities:
Additional investments in subsidiaries		--			--			--
Capital expenditures		(1	)		(3	)		(4	)
Net cash used in investing activities		(1	)		(3	)		(4	)
Cash flows from financing activities:
Purchases of treasury stock		(24	)		(181	)		(623	)
Purchase of preferred stock and warrants		--			--			--
Proceeds from issuance of equity instruments		--			--			--
Proceeds from stock option exercises		461			1,187			1,611
Dividend paid		(4,915	)		(4,565	)		(4,228	)
Net cash used in financing activities		(4,478	)		(3,559	)		(3,240	)
Net (decrease) increase in cash		222			(216	)		437
Cash and cash equivalents, beginning of year		538			754			317
Cash and cash equivalents, end of year	$	760		$	538		$	754