Condensed Financial Information - Parent Corporation Only

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information - Parent Corporation Only

Condensed Financial Information – Parent Corporation Only

BALANCE SHEETS
	December 31,
(Dollars in thousands)	2013		2012
ASSETS
Cash on deposit with subsidiary bank	$	638	$	353
Money market fund	8		7
Investment securities available for sale	44		33
Investment in subsidiaries	110,098		112,145
Goodwill	4,789		5,289
Intangible assets, net	557		728
Other assets	1,650		580
TOTAL ASSETS	$	117,784	$	119,135
LIABILITIES
Trust-preferred capital notes	$	5,155	$	5,155
Other liabilities	54		52
TOTAL LIABILITIES	5,209		5,207
SHAREHOLDERS' EQUITY
Common stock	17,403		17,357
Capital surplus	44,251		43,869
Retained earnings	50,689		46,235
Accumulated other comprehensive income, net	232		6,467
TOTAL SHAREHOLDERS' EQUITY	112,575		113,928
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	117,784	$	119,135

STATEMENTS OF INCOME
	Year End December 31,
(Dollars in thousands)	2013			2012			2011
INCOME:
Dividends from subsidiaries	$	2,670		$	1,880		$	1,047
Interest and dividends from investments	—			—			5
Other income (loss)	41			37			(2		)
Total income	2,711			1,917			1,050
EXPENSES:
Salaries and employee benefits	671			517			540
Amortization	171			171			171
Legal and professional fees	20			27			177
Directors fees	279			251			192
Interest expense	279			280			280
Other	190			245			221
Total expenses	1,610			1,491			1,581
Income before allocated tax benefits and undistributed income of subsidiaries	1,101			426			(531		)
Income tax (benefit)	(542		)	(559		)	(539		)
Income before equity in undistributed income of subsidiaries	1,643			985			8
Equity in undistributed income of subsidiaries	4,511			5,501			4,952
Net income	$	6,154		$	6,486		$	4,960

STATEMENTS OF CASH FLOWS
	December 31,
(Dollars in thousands)	2013			2012			2011
Cash Flows from Operating Activities
Net income	$	6,154		$	6,486		$	4,960
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization	171			171			171
Equity in undistributed earnings of subsidiaries	(4,682		)	(5,672		)	(5,123		)
Share-based compensation	492			440			471
Increase in other assets	(87		)	(112		)	(508		)
Increase (decrease) in other liabilities	2			(2		)	(7		)
Net cash provided by (used in) operating activities	2,050			1,311			(36		)
Cash Flows from Investing Activities
Investment in subsidiary bank	—			—			—
Net cash (used in) investing activities	—			—			—
Cash Flows from Financing Activities
Net proceeds from issuance of common stock	39			—			—
Cash dividends paid on common stock	(1,700		)	(1,408		)	(1,396		)
Repurchase of stock	(103		)	(43		)	(15		)
Net cash (used in) financing activities	(1,764		)	(1,451		)	(1,411		)
Increase (decrease) in cash and cash equivalents	286			(140		)	(1,447		)
Cash and Cash Equivalents at beginning of year	360			500			1,947
Cash and Cash Equivalents at end of year	$	646		$	360		$	500