Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only) [Abstract]

Condensed Statements of Cash Flows [Table Text Block]

Balance Sheets
(In thousands)	December 31, 2012		December 31, 2011
ASSETS
Cash and cash equivalents	$	11,869	$	3,475
Securities available for sale		105		88
Capital note due from Bank		8,500		8,500
Investment in subsidiaries		72,213		76,698
Other assets		476		500
Total assets	$	93,163	$	89,261
LIABILITIES AND SHAREHOLDERS' EQUITY
Other liabilities	$	188	$	238
Subordinated debentures		15,465		15,465
Shareholders' equity		77,510		73,558
Total liabilities and shareholders' equity	$	93,163	$	89,261
Statements of Income	For the years ended December 31,
(In thousands)	2012		2011
Total interest income	$	761	$	749
Total interest expense		345		757
Net interest income (expense)		416		(8)
Other expenses		19		21
Income (loss) before provision (benefit) for income taxes and equity in undistributed net income of subsidiary		397		(29)
Provision (benefit) for income taxes		136		(11)
Income (loss) before equity in undistributed net income of subsidiary		261		(18)
Equity in undistributed net income of subsidiary		3,983		2,564
Net income		4,244		2,546
Preferred stock dividends and discount accretion		1,602		1,558
Income available to common shareholders	$	2,642	$	988
Statements of Cash Flows	For the years ended December 31,
(In thousands)	2012		2011
OPERATING ACTIVITIES
Net income	$	4,244	$	2,546
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiary		(3,983)		(2,564)
Net change in other assets and other liabilities		(8)		23
Net cash provided by operating activities		253		5
FINANCING ACTIVITIES
Proceeds from exercise of common stock		173		446
Cash dividends paid on preferred stock		(1,032)		(1,032)
Dividend from Bank		9,000		-
Net cash provided by (used in) financing activities		8,141		(586)
Increase (decrease) in cash and cash equivalents		8,394		(581)
Cash and cash equivalents, beginning of period		3,475		4,056
Cash and cash equivalents, end of period	$	11,869	$	3,475
SUPPLEMENTAL DISCLOSURES
Interest paid	$	362	$	766