Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheets

Balance Sheets

	(In Thousands)
	2016		2015
Assets
Cash	$	1,435	$	787
Related party receivables:
Dividends & Accounts receivable from subsidiaries		1,842		1,730
Accrued interest receivable Municipals		63		63
Securities - Municipals		17,290		16,388
Investment in subsidiaries		106,044		102,178
Total Assets	$	126,674	$	121,146
Liabilities
Accrued expenses	$	44	$	42
Dividends payable		1,053		1,007
Total Liabilities		1,097		1,049
Stockholders’ Equity		125,577		120,097
Total Liabilities and Stockholders’ Equity	$	126,674	$	121,146

Schedule of Condensed Income and Comprehensive Income Statements

Statements of Income and Comprehensive Income

	(In Thousands)
	2016			2015			2014
Income
Dividends from subsidiaries	$	6,000		$	6,220		$	5,725
Interest		—			—			—
Interest Municipals		272			219			215
Gain on sales of available-for-sale securities		—			124			—
Total Income		6,272			6,563			5,940
Operating Expenses		681			677			577
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries		5,591			5,886			5,363
Income Taxes (Benefit)		(238	)		(188	)		(196	)
		5,829			6,074			5,559
Equity in undistributed earnings of Subsidiaries		5,835			4,266			4,087
Net Income	$	11,664		$	10,340		$	9,646
Other Comprehensive Income (Loss):
Unrealized gains (losses) on securities		(2,184	)		(232	)		438
Comprehensive Income	$	9,480		$	10,108		$	10,084

Schedule of Condensed Cash Flow Statement

	(In Thousands)
	2016			2015			2014
Cash Flows from Operating Activities
Net income	$	11,664		$	10,340		$	9,646
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Equity in undistributed net income (Distributions in excess earnings) of subsidiaries		(5,835	)		(4,266	)		(4,087	)
Accretion & Amortization of Securities		179			152			146
Gain on Sale of Available for Sale Securities		—			(124	)		—
Changes in Assets and Liabilities:
Dividends receivable		—			475			(1,025	)
Other Assets and Liabilities		355			156			(12	)
Net Cash Provided by
Operating Activities		6,363			6,733			4,668
Cash Flows from Investing Activities
Investing in Subsidiaries		—			—			(250	)
Activitiy in available for sale securities:
Maturities, prepayments and calls		1,485			1,000			—
Sales		—			6,282			—
Purchases		(2,891	)		(8,784	)		—
Repayment of Subsidiary Subordinated Debt		—			—			—
Net Cash used in Investing Activities		(1,406	)		(1,502	)		(250	)
Cash Flows from Financing Activities
Payment of dividends		(4,115	)		(3,943	)		(3,862	)
Purchase of Treasury Stock		(194	)		(803	)		(576	)
Net Cash Used in Financing Activities		(4,309	)		(4,746	)		(4,438	)
Net Change in Cash and
Cash Equivalents		648			485			(20	)
Cash and Cash Equivalents
Beginning of year		787			302			322
Cash and Cash Equivalents
End of year	$	1,435		$	787		$	302