Note 13 - Condensed Financial Statements of Parent Company

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note

1

3

: Condensed Financial Statements of Parent Company

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

Condensed Balance Sheets
	December 31,
	20 17		20 16
Assets
Cash due from subsidiaries	$	46	$	74
Interest-bearing deposits		503		1,310
Securities available for sale , at fair value		---		163
Investments in subsidiaries, at equity		184,336		177,150
Refundable income taxes		168		22
Other assets		820		561
Total assets	$	185,873	$	179,280
Liabilities a nd Stockholders’ Equity
Other liabilities	$	977	$	1,017
Stockholders ’ equity		184,896		178,263
Total liabilities and stockholders ’ equity	$	185,873	$	179,280

Condensed Statements of Income
	Years Ended December 31,
	20 17		20 16		20 15
Income
Dividends from subsidiaries	$	8,141	$	9,421	$	7,930
Interest on securities – taxable		---		2		3
Realized securities gains, net		4		---		---
Other income		1,018		987		1,208
Total income		9,163		10,410		9,141
Expenses
Other expenses		1,986		1,992		2,051
Income before income tax benefit and equity in undistributed net income of subsidiaries		7,177		8,418		7,090
Applicable income tax benefit		383		628		210
Income before equity in undistributed net income of subsidiaries		7,560		9,046		7,300
Equity in undistributed net income of subsidiaries		6,532		5,896		8,533
Net income	$	14,092	$	14,942	$	15,833

Condensed Statements of Cash Flows
	Years ended December 31,
	20 17			20 16			20 15
Cash Flows f rom Operating Expenses
Net income	$	14,092		$	14,942		$	15,833
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		(6,532	)		(5,896	)		(8,533	)
Amortization of premiums and accretion of discounts, net		---			1			1
Depreciation expense		---			---			3
Gain on sale of securities		(4	)		---			---
Loss on disposal of fixed assets		---			---			2
Net change in refundable income taxes due from subsidiaries		(146	)		(223	)		106
Net change in other assets		(156	)		219			(81	)
Net change in other liabilities		(40	)		(227	)		128
Net cash provided by operating activities		7,214			8,816			7,459
Cash Flows f rom Investing Activities
Net change in interest-bearing deposits		807			(1,140	)		307
Maturities, sales and calls of securities available for sale		192			---			---
Maturities and calls of securities held to maturity		---			450			---
Capital distribution to subsidiary		(100	)		---			---
Net cash provided by (used in) investing activities		899			(690	)		307
Cash Flows f rom Financing Activities
Cash dividends paid		(8,141	)		(8,071	)		(7,930	)
Exercise of stock options		---			---			173
Net cash used in financing activities		(8,141	)		(8,071	)		(7,757	)
Net change in cash		(28	)		55			9
Cash due from subsidiaries at beginning of year		74			19			10
Cash due from subsidiaries at end of year	$	46		$	74		$	19