CONDENSED FINANCIAL INFORMATION-PARENT COMPANY ONLY

12 Months Ended

Dec. 31, 2011

CONDENSED FINANCIAL INFORMATION-PARENT COMPANY ONLY [Abstract]

CONDENSED FINANCIAL INFORMATION-PARENT COMPANY ONLY

NOTE 20-CONDENSED FINANCIAL INFORMATION-PARENT COMPANY ONLY

Condensed financial information for TF Financial Corporation (parent company only) follows:

BALANCE SHEETS

	At December 31,
	2011		2010
	(in thousands)
ASSETS
Cash	$	1,414	$	997
Investment in 3rd Fed		73,117		69,387
Investment in TF Investments		-		1,766
Investment in Penns Trail Development		1,087		1,100
Notes receivable ESOP		1,352		-
Other assets		465		208
Total assets	$	77,435	$	73,458
LIABILITIES AND STOCKHOLDERS' EQUITY
Total liabilities	$	27	$	42
Stockholders' equity		77,408		73,416
Total liabilities and stockholders' equity	$	77,435	$	73,458

STATEMENTS OF INCOME

	Years ended December 31,
	2011		2010
	(in thousands)
INCOME
Equity in earnings of subsidiaries	$	4,432	$	3,725
Interest and dividend income		6		20
Gain on sale of investment		-		20
Total income		4,438		3,765
EXPENSES
Other		509		413
Total expenses		509		413
NET INCOME	$	3,929	$	3,352

STATEMENTS OF CASH FLOWS

	Years ended December 31,
	2011			2010
	(in thousands)
Cash flows from operating activities
Net income	$	3,929		$	3,352
Adjustments to reconcile net income to net cash used in operating activities
Stock compensation plans		114			68
Gain on sale of investment securities		-			(20	)
Equity in earnings of subsidiaries		(4,432	)		(3,725	)
Net change in assets and liabilities		(300	)		(224	)
Net cash used in operating activities		(689	)		(549	)
Cash flows from investing activities
Capital distribution from subsidiaries		1,548			1,600
Proceeds from sale of investment securities		-			170
Net cash provided by investing activities		1,548			1,770
Cash flows from financing activities
Cash dividends paid to stockholders		(534	)		(2,037	)
Treasury stock acquired		(122	)		-
Exercise of stock options		211			207
Tax benefit arising from stock compensation		3			6
Net cash used in financing activities		(442	)		(1,824	)
NET INCREASE (DECREASE) IN CASH		417			(603	)
Cash at beginning of year		997			1,600
Cash at end of year	$	1,414		$	997