Condensed Financial Information - Parent Company Only

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure

Note 20: Condensed Financial Information Parent Company Only

The condensed financial statements of Bar Harbor Bankshares as of December 31, 2014 and 2013, and for the years ended December 31, 2014, 2013 and 2012 are presented below:

BALANCE SHEETS

December 31

		2014		2013
Cash	$	1,121	$	760
Investment in subsidiaries		148,049		123,129
Premises		689		690
Other assets		175		132
Total assets	$	150,034	$	124,711
Liabilities
Total liabilities	$	3,747	$	3,332
Shareholders' equity
Total shareholders' equity	$	146,287	$	121,379
Liabilities and Shareholders' equity	$	150,034	$	124,711

STATEMENTS OF INCOME

Years Ended December 31

		2014			2013			2012
Dividend income from subsidiaries	$	5,697		$	4,883		$	4,097
Equity in undistributed earnings of subsidiaries (1)		10,141			9,468			9,137
Bankshares expenses		(1,705	)		(1,591	)		(1,063	)
Tax benefit		480			423			295
Net income	$	14,613		$	13,183		$	12,466
(1) Amount in parentheses represents the excess of dividends over net income subsidiaries.

STATEMENTS OF CASH FLOWS

Years Ended December 31

		2014			2013			2012
Cash flows from operating activities:
Net income	$	14,613		$	13,183		$	12,466
Adjustments to reconcile net income to cash
provided by operating activities:
Depreciation		--			1			3
Recognition of stock based expense		418			265			216
Net change in other assets		(189	)		331			(865	)
Net change in other liabilities		415			389			663
Equity in undistributed earnings of subsidiaries		(10,141	)		(9,468	)		(9,137	)
Net cash provided by operating activities		5,116			4,701			3,346
Cash flows from investing activities:
Capital expenditures		(1	)		(1	)		(3	)
Net cash used in investing activities		(1	)		(1	)		(3	)
Cash flows from financing activities:
Purchases of treasury stock		(8	)		(24	)		(181	)
Proceeds from stock option exercises		616			461			1,187
Dividend paid		(5,362	)		(4,915	)		(4,565	)
Net cash used in financing activities		(4,754	)		(4,478	)		(3,559	)
Net (decrease) increase in cash		361			222			(216	)
Cash and cash equivalents, beginning of year		760			538			754
Cash and cash equivalents, end of year	$	1,121		$	760		$	538