Summarized financial information for MidSouth Bancorp, Inc. (parent company only) follows:



Balance Sheets
December 31, 2016 and 2015
(in thousands)
	2016		2015
Assets
Cash and interest-bearing deposits in banks	$	16,705	$	14,795
Other assets	2,058		2,117
Investment in and advances to subsidiaries	220,906		220,753
Total assets	$	239,669	$	237,665

Liabilities and Stockholders’ Equity
Liabilities:
Dividends payable	$	1,835	$	1,195
Junior subordinated debentures	22,167		22,167
ESOP obligation	1,233		1,093
Other	58		73
Total liabilities	25,293		24,528
Stockholders’ equity	214,376		213,137
Total liabilities and stockholders’ equity	$	239,669	$	237,665



Statements of Earnings
For the Years Ended December 31, 2016, 2015, and 2014
(in thousands)
	2016		2015		2014
Revenue:
Dividends from Bank and nonbank subsidiaries	$	9,000	$	9,000	$	15,500
Gain on sale of securities	—		1,125		—
Rental and other income	57		57		87
	9,057		10,182		15,587

Expenses:
Interest on short- and long-term debt	704		613		1,087
Professional fees	236		253		217
Other expenses	785		733		844
	1,725		1,599		2,148
Income before equity in undistributed earnings of subsidiaries and income taxes	7,332		8,583		13,439

Equity in undistributed earnings of subsidiaries	1,529		2,317		4,955

Income tax benefit	578		117		716

Net earnings	$	9,439	$	11,017	$	19,110



Statements of Cash Flows
For the Years Ended December 31, 2016, 2015, and 2014
(in thousands)
	2016			2015			2014
Cash flows from operating activities:
Net earnings	$	9,439		$	11,017		$	19,110
Adjustments to reconcile net earnings to net cash provided by operating activities:
Undistributed earnings of subsidiaries	(1,529		)	(2,317		)	(4,955		)
Gain on sale of securities available-for-sale	—			(1,125		)	—
Other, net	73			528			(872		)
Net cash provided by operating activities	7,983			8,103			13,283

Cash flows from investing activities:
Proceeds from prepayments of securities available-for-sale	—			—			198
Proceeds from sale of securities available-for-sale	—			1,392			—
Other, net	—			(83		)	217
Net cash provided by investing activities	—			1,309			415
Cash flows from financing activities:
Proceeds from exercise of stock options	—			99			643
Payment of preferred dividends	(2,221		)	(689		)	(704		)
Payment of common dividends	(4,095		)	(4,086		)	(3,838		)
Purchase of treasury stock	—			—			(9		)
Repayment of long-term debt	—			—			(8,217		)
Other, net	243			607			—
Net cash used in financing activities	(6,073		)	(4,069		)	(12,125		)
Net change in cash and cash equivalents	1,910			5,343			1,573
Cash and cash equivalents at beginning of year	14,795			9,452			7,879
Cash and cash equivalents at end of year	$	16,705		$	14,795		$	9,452