| Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
NOTE 18 - Parent Company Only Statements
| |
|
(Dollars in thousands) |
|
| |
|
NorthWest Indiana Bancorp |
|
| |
|
Condensed Balance Sheets |
|
| |
|
December 31, |
|
| |
|
2011 |
|
|
2010 |
|
| Assets |
|
|
|
|
|
|
|
|
| Cash on deposit with Peoples Bank |
|
$ |
1,191 |
|
|
$ |
1,093 |
|
| Investment in Peoples Bank |
|
|
62,601 |
|
|
|
55,754 |
|
| Dividends receivable from Peoples Bank |
|
|
425 |
|
|
|
427 |
|
| Other assets |
|
|
127 |
|
|
|
102 |
|
| Total assets |
|
$ |
64,344 |
|
|
$ |
57,376 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities and stockholders’ equity |
|
|
|
|
|
|
|
|
| Dividends payable |
|
$ |
425 |
|
|
$ |
427 |
|
| Other liabilities |
|
|
959 |
|
|
|
860 |
|
| Total liabilities |
|
|
1,384 |
|
|
|
1,287 |
|
| |
|
|
|
|
|
|
|
|
| Common stock |
|
|
361 |
|
|
|
361 |
|
| Additional paid in capital |
|
|
5,173 |
|
|
|
5,140 |
|
| Accumulated other comprehensive income (loss) |
|
|
2,536 |
|
|
|
(492 |
) |
| Retained earnings |
|
|
56,032 |
|
|
|
52,398 |
|
| Treasury stock |
|
|
(1,142 |
) |
|
|
(1,318 |
) |
| Total stockholders’ equity |
|
|
62,960 |
|
|
|
56,089 |
|
| Total liabilities and stockholders’ equity |
|
$ |
64,344 |
|
|
$ |
57,376 |
|
| |
|
(Dollars in thousands) |
|
| |
|
NorthWest Indiana Bancorp |
|
| |
|
Condensed Statements of Income |
|
| |
|
Year Ended December 31, |
|
| |
|
2011 |
|
|
2010 |
|
| |
|
|
|
|
|
|
| Dividends from Peoples Bank |
|
$ |
1,699 |
|
|
$ |
1,443 |
|
| Operating expenses |
|
|
204 |
|
|
|
201 |
|
| Income before income taxes and equity in undistributed income of Peoples Bank |
|
|
1,495 |
|
|
|
1,242 |
|
| Income tax benefit |
|
|
(69 |
) |
|
|
(72 |
) |
| Income before equity in undistributed income of Peoples Bank |
|
|
1,564 |
|
|
|
1,314 |
|
| Equity in undistributed income of Peoples Bank |
|
|
3,821 |
|
|
|
3,865 |
|
| Net income |
|
$ |
5,385 |
|
|
$ |
5,179 |
|
| |
|
(Dollars in thousands) |
|
| |
|
NorthWest Indiana Bancorp |
|
| |
|
Condensed Statements of Cash Flows |
|
| |
|
Year Ended December 31, |
|
| |
|
2011 |
|
|
2010 |
|
| |
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
|
|
| Net income |
|
$ |
5,385 |
|
|
$ |
5,179 |
|
| Adjustments to reconcile net income to |
|
|
|
|
|
|
|
|
| net cash from operating activities |
|
|
|
|
|
|
|
|
| Equity in undistributed net income of Peoples Bank |
|
|
(4,139 |
) |
|
|
(2,877 |
) |
| Deferred tax expense/(benefit) |
|
|
318 |
|
|
|
(988 |
) |
| Stock based compensation expense |
|
|
33 |
|
|
|
36 |
|
| Change in other assets |
|
|
(23 |
) |
|
|
(421 |
) |
| Change in other liabilities |
|
|
99 |
|
|
|
(478 |
) |
| Total adjustments |
|
|
(3,712 |
) |
|
|
(4,728 |
) |
| Net cash from operating activities |
|
|
1,673 |
|
|
|
451 |
|
| |
|
|
|
|
|
|
|
|
| Cash flows from investing activities |
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Cash flows from financing activities: |
|
|
|
|
|
|
|
|
| Dividends paid |
|
|
(1,699 |
) |
|
|
(2,200 |
) |
| Proceeds from sale of treasury stock |
|
|
124 |
|
|
|
151 |
|
| Net cash used in financing activities |
|
|
(1,575 |
) |
|
|
(2,049 |
) |
| Net change in cash |
|
|
98 |
|
|
|
(1,598 |
) |
| Cash at beginning of year |
|
|
1,093 |
|
|
|
2,691 |
|
| Cash at end of year |
|
$ |
1,191 |
|
|
$ |
1,093 |
|
|