SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2014

SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS [Abstract]

Condensed Financial Statements

Condensed Statements of Condition at December 31,	2014		2013		2012
Assets:
Due from banks	$	1,322	$	605	$	515
Investment in the Bank		180,926		165,924		163,007
Other assets		674		669		463
Total Assets	$	182,922	$	167,198	$	163,985
Liabilities and Stockholders' Equity:
Other liabilities	$	189	$	-	$	-
Stockholders' Equity		182,733		167,198		163,985
Total Liabilities and Stockholders' Equity	$	182,922	$	167,198	$	163,985

Condensed Statements of Operations and Comprehensive Income for the Years Ended December 31,	2014		2013			2012
Income:
Dividends from the Bank	$	1,399	$	-		$	-
Other income		176		-			-
Expense:
Other expense		837		372			358
Income (loss) before equity in undistributed net income (loss) of the Bank		738		(372	)		(358	)
Equity in undistributed earnings (loss) of the Bank		14,557		13,090			(1,390	)
Net income (loss)	$	15,295	$	12,718		$	(1,748	)
Total Comprehensive Income	$	15,741	$	2,543		$	4,208

Condensed Statements of Cash Flows for the Years Ended December 31,	2014			2013			2012
Cash Flows From Operating Activities:
Net income (loss)	$	15,295		$	12,718		$	(1,748	)
Less: equity in undistributed (earnings) loss of the Bank		(14,557	)		(13,090	)		1,390
Stock-based compensation		811			579			458
Increase in other assets		(4	)		(208	)		(130	)
Increase (decrease) in other liabilities		189			-			(119	)
Net cash provided by (used in) operating activities		1,734			(1	)		(149	)
Cash Flows From Investing Activities:
Advances to the Bank		-			-			(22,500	)
Net cash used in investing activities		-			-			(22,500	)
Cash Flows From Financing Activities:
Dividend reinvestment and stock option exercises		382			91			-
Proceeds from issuance of capital stock		-			-			22,759
Dividends paid		(1,399	)		-			-
Net cash (used in) provided by financing activities		(1,017	)		91			22,759
Net Increase in Cash and Cash Equivalents		717			90			110
Cash and Cash Equivalents, Beginning of Year		605			515			405
Cash and Cash Equivalents, End of Year	$	1,322		$	605		$	515