Condensed Financial Stateemnts of Parent Company

12 Months Ended

Dec. 31, 2011

Condensed Financial Stateemnts Of Parent Company [Abstract]

Condensed Financial Statements of Parent Company

Note 13: Condensed Financial Statements of Parent Company

Financial information pertaining only to NBI (Parent) is as follows:

Condensed Balance Sheets
	December 31,
	2011		2010
Assets
Cash due from subsidiaries	$	2	$	2
Securities available for sale		2,140		2,331
Investments in subsidiaries, at equity		139,267		127,019
Other assets		570		691
Total assets	$	141,979	$	130,043
Liabilities and Stockholders’ Equity
Other liabilities	$	680	$	856
Stockholders’ equity		141,299		129,187
Total liabilities and stockholders’ equity	$	141,979	$	130,043

Condensed Statements of Income
	Years Ended December 31,
	2011		2010		2009
Income
Dividends from Subsidiaries	$	7,258	$	6,309	$	5,884
Interest on securities – taxable		17		23		7
Interest on securities – nontaxable		42		44		61
Other income		1,210		1,157		1,129
Securities gains		---		---		2
		8,527		7,533		7,083

Expenses
Other expenses		1,794		1,756		1,590
Income before income tax benefit and equity in undistributed net income of subsidiaries		6,733		5,777		5,493
Applicable income tax benefit		148		152		120
Income before equity in undistributed net income of subsidiaries		6,881		5,929		5,613
Equity in undistributed net income of subsidiaries		10,757		9,640		8,706
Net income	$	17,638	$	15,569	$	14,319

66

Condensed Statements of Cash Flows
	Years ended December 31,
	2011			2010			2009
Cash Flows from Operating Expenses
Net income	$	17,638		$	15,569		$	14,319
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		(10,757	)		(9,640	)		(8,706	)
Amortization of premiums and accretion of discounts, net		1			2			1
Depreciation expense		9			9			9
Securities (gains)		---			---			(2	)
Net change in refundable income taxes due from subsidiaries		---			56			(31	)
Net change in other assets		147			(24	)		(56	)
Net change in other liabilities		(364	)		244			66
Net cash provided by operating activities		6,674			6,216			5,600
Cash Flows from Investing Activities
Purchases of securities available for sale		(1,973	)		(1,868	)		(327	)
Maturities and calls of securities available for sale		2,250			1,950			524
Net cash provided by investing activities		277			82			197
Cash Flows from Financing Activities
Cash dividends paid		(6,938	)		(6,309	)		(5,823	)
Exercise of stock options		92			---			54
Note payable		---			---			(54	)
Capital distribution to subsidiary		(105	)		---			---
Net cash used in financing activities		(6,951	)		(6,309	)		(5,823	)
Net change in cash		---			(11	)		(26	)
Cash due from subsidiaries at beginning of year		2			13			39
Cash due from subsidiaries at end of year	$	2		$	2		$	13