Condensed Financial Information - Parent Corporation Only (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

BALANCE SHEETS

BALANCE SHEETS
	December 31,
(Dollars in thousands)	2014		2013
ASSETS
Cash on deposit with subsidiary bank	$	563	$	638
Money market fund	—		8
Investment securities available for sale	—		44
Investment in subsidiaries	124,242		115,444
Other assets	2,651		1,650
TOTAL ASSETS	$	127,456	$	117,784
LIABILITIES
Subordinated notes	$	5,155	$	5,155
Other liabilities	267		54
TOTAL LIABILITIES	5,422		5,209
SHAREHOLDERS' EQUITY
Common stock	17,494		17,403
Capital surplus	44,892		44,251
Retained earnings	55,854		50,689
Accumulated other comprehensive income, net	3,794		232
TOTAL SHAREHOLDERS' EQUITY	122,034		112,575
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	127,456	$	117,784

STATEMENTS OF OPERATIONS

STATEMENTS OF INCOME
	Year End December 31,
(Dollars in thousands)	2014			2013			2012
INCOME:
Dividends from subsidiaries	$	3,440		$	2,670		$	1,880
Interest and dividends from investments	15			—			—
Other income	—			41			37
Total income	3,455			2,711			1,917
EXPENSES:
Salaries and employee benefits	746			671			517
Legal and professional fees	56			20			27
Directors fees	280			279			251
Interest expense	279			279			280
Other	401			361			416
Total expenses	1,762			1,610			1,491
Income before allocated tax benefits and undistributed income of subsidiaries	1,693			1,101			426
Income tax benefit	(753		)	(542		)	(559		)
Income before equity in undistributed income of subsidiaries	2,446			1,643			985
Equity in undistributed income of subsidiaries	5,138			4,511			5,501
Net income	$	7,584		$	6,154		$	6,486

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS
	December 31,
(Dollars in thousands)	2014			2013			2012
Cash Flows from Operating Activities
Net income	$	7,584		$	6,154		$	6,486
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(5,138		)	(4,511		)	(5,501		)
Share-based compensation	426			492			440
Increase in other assets	(1,099		)	(87		)	(112		)
Increase (decrease) in other liabilities	213			2			(2		)
Net cash provided by operating activities	1,986			2,050			1,311
Cash Flows from Investing Activities
Proceeds from sales, calls and maturities of available for sale securities	44			—			—
Net cash provided by investing activities	44			—			—
Cash Flows from Financing Activities
Net proceeds from issuance of common stock	394			39			—
Cash dividends paid on common stock	(2,419		)	(1,700		)	(1,408		)
Repurchase of stock	(88		)	(103		)	(43		)
Net cash (used in) financing activities	(2,113		)	(1,764		)	(1,451		)
Increase (decrease) in cash and cash equivalents	(83		)	286			(140		)
Cash and Cash Equivalents at beginning of year	646			360			500
Cash and Cash Equivalents at end of year	$	563		$	646		$	360