PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables) (Parent Company)

12 Months Ended

Dec. 31, 2012

Parent Company

Condensed financial information

Schedule of condensed balance sheets

December 31,	2012		2011
(In thousands)
ASSETS
Cash and cash equivalents	$	5,203	$	13,002
Other assets	199		192
Investment in the Bank	129,277		110,028
Total Assets	$	134,679	$	123,222
LIABILITIES AND STOCKHOLDERS’ EQUITY
Junior subordinated debentures	$	16,002	$	16,002
Other liabilities	5		233
Total Liabilities	16,007		16,235
Total Stockholders’ Equity	118,672		106,987
Total Liabilities and Stockholders’ Equity	$	134,679	$	123,222

Schedule of condensed statements of income

Years ended December 31,	2012			2011			2010
(In thousands)
Dividends from the Bank	$	—		$	—		$	1,700
Interest expense	1,365			1,366			1,365
Non interest expense	82			69			43
Income before income taxes and equity in undistributed earnings of the Bank	(1,447		)	(1,435		)	292
Income tax benefit	(466		)	(445		)	(431		)
Income before equity in undistributed earnings of the Bank	(981		)	(990		)	723
Equity in undistributed earnings of the Bank	13,753			11,349			8,443
Net income	$	12,772		$	10,359		$	9,166

Schedule of condensed statements of cash flows

Years ended December 31,	2012			2011			2010
(In thousands)
Cash flows from operating activities:
Net income	$	12,772		$	10,359		$	9,166
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Equity in undistributed earnings of the Bank	(13,753		)	(11,349		)	(8,443		)
(Increase) decrease in other assets	(7		)	558			(450		)
(Decrease) increase in other liabilities	(227		)	198			(6		)
Net cash (used in) provided by operating activities	(1,215		)	(234		)	267
Cash flows from investing activities:
Investment in the Bank	(7,000		)	(12,000		)	—
Cash in lieu of fractional shares for business acquisition	—			(3		)	—
Net cash used in investing activities	(7,000		)	(12,003		)	—
Cash flows from financing activities:
Net proceeds from issuance of common stock	10,507			28,088			1,395
Net proceeds from exercise of stock options	—			—			17
Repurchase of surrendered stock from exercise of stock options and vesting of restricted stock awards	(175		)	(128		)	(37		)
Excess tax (expense) benefit from share based compensation	(18		)	(16		)	11
Cash dividends paid	(9,898		)	(6,061		)	(5,787		)
Net cash provided by (used in) financing activities	416			21,883			(4,401		)
Net (decrease) increase in cash and cash equivalents	(7,799		)	9,646			(4,134		)
Cash and cash equivalents at beginning of year	13,002			3,356			7,490
Cash and cash equivalents at end of year	$	5,203		$	13,002		$	3,356