Condensed Financial Information - Parent Corporation Only

12 Months Ended

Dec. 31, 2012

Condensed Financial Information - Parent Corporation Only [Abstract]

Condensed Financial Information - Parent Corporation Only

Note 21. Condensed Financial Information – Parent Corporation Only

BALANCE SHEETS
	December 31,
	2012		2011
	(In Thousands)
ASSETS
Cash on deposit with subsidiary bank	$	353	$	493
Money market fund	7		7
Investment securities available for sale	33		11
Investment in subsidiaries	112,145		103,999
Goodwill	5,289		5,289
Intangible assets, net	728		900
Other assets	580		736
TOTAL ASSETS	$	119,135	$	111,435
LIABILITIES
Trust-preferred capital notes	$	5,155	$	5,155
Other liabilities	52		368
TOTAL LIABILITIES	5,207		5,523
SHAREHOLDERS' EQUITY
Common stock	17,357		17,331
Capital surplus	43,869		43,498
Retained earnings	46,235		41,157
Accumulated other comprehensive income (loss), net	6,467		3,926
TOTAL SHAREHOLDERS' EQUITY	113,928		105,912
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	119,135	$	111,435

STATEMENTS OF OPERATIONS
	Year End December 31,
	2012			2011			2010
	(In Thousands)
INCOME:
Dividends from subsidiaries	$	1,880		$	1,047		$	1,732
Interest and dividends from investments	—			5			5
Other income (loss)	37			(2		)	10
Total income	1,917			1,050			1,747
EXPENSES:
Salaries and employee benefits	517			540			366
Amortization	171			171			171
Legal and professional fees	27			177			141
Directors fees	251			192			100
Interest expense	280			280			184
Other	245			221			339
Total expenses	1,491			1,581			1,301
Income (loss) before allocated tax benefits and undistributed (distributions in excess of) income of subsidiaries	426			(531		)	446
Income tax (benefit)	(559		)	(539		)	(387		)
Income before equity in undistributed (distributions in excess of) income of subsidiaries	985			8			833
Equity in undistributed (distributions in excess of) income of subsidiaries	5,501			4,952			(3,521		)
Net income (loss)	$	6,486		$	4,960		$	(2,688	)

STATEMENTS OF CASH FLOWS
	December 31,
	2012			2011			2010
CASH FLOWS FROM OPERATING ACTIVITIES	(In Thousands)
Net income (loss)	$	6,486		$	4,960		$	(2,688	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization	171			171			171
Equity in undistributed (earnings) losses of subsidiaries	(5,672		)	(5,138		)	3,350
Share-based compensation	440			471			159
(Increase) decrease in other assets	(112		)	(508		)	(519		)
Increase (decrease) in other liabilities	(2		)	(7		)	—
Net cash provided by (used in) operating activities	1,311			(51		)	473
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	—			—			134
Cash dividends paid on common stock	(1,408		)	(1,396		)	(2,425		)
Other, net	(43		)	—			—
Net cash provided by (used in) financing activities	(1,451		)	(1,396		)	(2,291		)
Increase (decrease) in cash and cash equivalents	(140		)	(1,447		)	(1,818		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	500			1,947			3,765
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	360		$	500		$	1,947