Annual report pursuant to Section 13 and 15(d)

Parent Company Only Statements (Tables)

v2.4.0.8
Parent Company Only Statements (Tables)
12 Months Ended
Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheet [Table Text Block]
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Balance Sheets
 
 
 
December 31,
 
 
 
2013
 
2012
 
Assets
 
 
 
 
 
 
 
Cash on deposit with Peoples Bank
 
$
142
 
$
1
 
Investment in Peoples Bank
 
 
66,301
 
 
67,321
 
Dividends receivable from Peoples Bank
 
 
626
 
 
539
 
Other assets
 
 
597
 
 
405
 
Total assets
 
$
67,666
 
$
68,266
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ equity
 
 
 
 
 
 
 
Dividends payable
 
$
625
 
$
539
 
Other liabilities
 
 
279
 
 
76
 
Total liabilities
 
 
904
 
 
615
 
 
 
 
 
 
 
 
 
Common stock
 
 
361
 
 
361
 
Additional paid in capital
 
 
5,230
 
 
5,189
 
Accumulated other comprehensive income
 
 
(3,151)
 
 
2,339
 
Retained earnings
 
 
65,519
 
 
60,817
 
Treasury stock
 
 
(1,197)
 
 
(1,055)
 
Total stockholders’ equity
 
 
66,762
 
 
67,651
 
Total liabilities and stockholders’ equity
 
$
67,666
 
$
68,266
Condensed Income Statement [Table Text Block]
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Statements of Income
 
 
 
Year Ended December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Dividends from Peoples Bank
 
$
2,741
 
$
2,044
 
Operating expenses
 
 
138
 
 
162
 
Income before income taxes and equity in undistributed income of Peoples Bank
 
 
2,603
 
 
1,882
 
Income tax benefit
 
 
(45)
 
 
(52)
 
Income before equity in undistributed income of Peoples Bank
 
 
2,648
 
 
1,934
 
Equity in undistributed income of Peoples Bank
 
 
4,470
 
 
4,919
 
Net income
 
$
7,118
 
$
6,853
 
Condensed Cash Flow Statement [Table Text Block]
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Statements of Cash Flows
 
 
 
Year Ended December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Cash flows from operating activities:
 
 
 
 
 
 
 
Net income
 
$
7,118
 
$
6,853
 
Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
 
 
 
 
Equity in undistributed net income of Peoples Bank
 
 
(4,979)
 
 
(5,071)
 
Deferred tax expense/(benefit)
 
 
509
 
 
152
 
Stock based compensation expense
 
 
40
 
 
16
 
Change in other assets
 
 
(279)
 
 
(392)
 
Change in other liabilities
 
 
203
 
 
(883)
 
Total adjustments
 
 
(4,506)
 
 
(6,178)
 
Net cash - operating activities
 
 
2,612
 
 
675
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
 
Dividends paid
 
 
(2,328)
 
 
(1,928)
 
Treasury stock purchased
 
 
(173)
 
 
(78)
 
Proceeds from sale of treasury stock
 
 
30
 
 
141
 
Net cash - financing activities
 
 
(2,471)
 
 
(1,865)
 
Net change in cash
 
 
141
 
 
(1,190)
 
Cash at beginning of year
 
 
1
 
 
1,191
 
Cash at end of year
 
$
142
 
$
1