Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2014

Parent Company Only Financial Information [Abstract]

Parent Company Only Financial Information

21.PARENT COMPANY ONLY FINANCIAL INFORMATION

Parent company (Evans Bancorp, Inc.) only condensed financial information is as follows:

CONDENSED BALANCE SHEETS

		December 31,
		2014		2013
		(in thousands)
ASSETS
Cash	$	3,258	$	54
Other assets		1,144		1,054
Investment in subsidiaries		95,689		92,413
Total assets	$	100,091	$	93,521
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Junior subordinated debentures	$	11,330	$	11,330
Other liabilities		2,973		1,479
Total liabilities		14,303		12,809
STOCKHOLDERS’ EQUITY
Total Stockholders’ Equity	$	85,788	$	80,712
Total liabilities and stockholders’ equity	$	100,091	$	93,521

CONDENSED STATEMENTS OF INCOME

		December 31,
		2014		2013		2012
		(in thousands)
Dividends from subsidiaries	$	7,000	$	2,614	$	2,000
Expenses		(1,363)		(1,364)		(1,308)
Income before equity in undistributed
earnings of subsidiaries		5,637		1,250		692
Equity in undistributed earnings of subsidiaries		2,550		6,607		7,440
Net income		8,187		7,857		8,132
Other comprehensive income		-		-		-
Comprehensive income	$	8,187	$	7,857	$	8,132

CONDENSED STATEMENTS OF CASH FLOWS

		Year Ended
		2014		2013		2012
		(in thousands)
Operating Activities:
Net income	$	8,187	$	7,857	$	8,132
Adjustments to reconcile net income to
net cash provided by operating activities:
Undistributed earnings of subsidiaries		(2,550)		(6,607)		(7,440)
Changes in assets and liabilities affecting cash flow:
Other assets		(89)		(187)		(137)
Other liabilities		1,563		(23)		53
Net cash provided by operating activities		7,111		1,040		608
Investing Activities:
Investment in subsidiaries		-		-		-
Net cash used in investing activities		-		-		-
Financing Activities:
Proceeds from issuance of common stock		-		-		-
Cash dividends paid		(2,471)		(1,077)		(2,543)
Purchase of Treasury stock		(1,436)		-		-
Net cash used in financing activities		(3,907)		(1,077)		(2,543)
Net increase (decrease) in cash		3,204		(37)		(1,935)
Cash beginning of year		54		91		2,026
Cash ending of year	$	3,258	$	54	$	91