| Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
NOTE 17 - Parent Company Only Statements
|
|
| (Dollars in thousands) |
| |
|
| NorthWest Indiana Bancorp |
| |
|
| Condensed Balance Sheets |
| |
|
| December 31, |
| |
|
| 2014 |
|
| 2013 |
| | Assets
|
|
| |
|
|
| |
| | Cash on deposit with Peoples Bank
|
| $
| 143 |
|
| $
| 142 |
| | Investment in Peoples Bank
|
|
| 75,781 |
|
|
| 66,301 |
| | Dividends receivable from Peoples Bank
|
|
| 711 |
|
|
| 625 |
| | Other assets
|
|
| 313 |
|
|
| 597 |
| | Total assets
|
| $
| 76,948 |
|
| $
| 67,666 |
| |
|
|
| |
|
|
| |
| | Liabilities and stockholders’ equity
|
|
| |
|
|
| |
| | Dividends payable
|
| $
| 711 |
|
| $
| 625 |
| | Other liabilities
|
|
| 72 |
|
|
| 280 |
| | Total liabilities
|
|
| 783 |
|
|
| 905 |
| |
|
|
| |
|
|
| |
| | Common stock
|
|
| 361 |
|
|
| 361 |
| | Additional paid in capital
|
|
| 4,062 |
|
|
| 4,032 |
| | Accumulated other comprehensive income
|
|
| 1,588 |
|
|
| (3,151 | )
| | Retained earnings
|
|
| 70,154 |
|
|
| 65,519 |
| | Total stockholders’ equity
|
|
| 76,165 |
|
|
| 66,761 |
| | Total liabilities and stockholders’ equity
|
| $
| 76,948 |
|
| $
| 67,666 |
|
|
|
| (Dollars in thousands) |
| |
|
| NorthWest Indiana Bancorp |
| |
|
| Condensed Statements of Income |
| |
|
| Year Ended December 31, |
| |
|
| 2014 |
|
| 2013 |
| |
|
|
|
|
|
|
| | Dividends from Peoples Bank
|
| $
| 2,759 |
|
| $
| 2,741 |
| | Operating expenses
|
|
| 154 |
|
|
| 138 |
| | Income before income taxes and equity in undistributed income of Peoples Bank
|
|
| 2,605 |
|
|
| 2,603 |
| | Income tax benefit
|
|
| (49 | )
|
|
| (45 | )
| | Income before equity in undistributed income of Peoples Bank
|
|
| 2,654 |
|
|
| 2,648 |
| | Equity in undistributed income of Peoples Bank
|
|
| 4,740 |
|
|
| 4,470 |
| | Net income
|
| $
| 7,394 |
|
| $
| 7,118 |
|
|
|
| (Dollars in thousands) |
| |
|
| NorthWest Indiana Bancorp |
| |
|
| Condensed Statements of Cash Flows |
| |
|
| Year Ended December 31, |
| |
|
| 2014 |
|
| 2013 |
| |
|
|
|
|
|
|
| | Cash flows from operating activities:
|
|
| |
|
|
| |
| | Net income
|
| $
| 7,394 |
|
| $
| 7,118 |
| | Adjustments to reconcile net income to net cash provided by operating activities
|
|
| |
|
|
| |
| | Equity in undistributed net income of Peoples Bank
|
|
| (4,740 | )
|
|
| (4,470 | )
| | Stock based compensation expense
|
|
| 61 |
|
|
| 40 |
| | Change in other assets
|
|
| 198 |
|
|
| (279 | )
| | Change in other liabilities
|
|
| (208 | )
|
|
| 203 |
| | Total adjustments
|
|
| (4,689 | )
|
|
| (4,506 | )
| | Net cash - operating activities
|
|
| 2,705 |
|
|
| 2,612 |
| |
|
|
| |
|
|
| |
| | Cash flows from investing activities
|
|
| - |
|
|
| - |
| |
|
|
| |
|
|
| |
| | Cash flows from financing activities:
|
|
| |
|
|
| |
| | Dividends paid
|
|
| (2,673 | )
|
|
| (2,328 | )
| | Treasury stock purchased
|
|
| (31 | )
|
|
| (173 | )
| | Proceeds from sale of treasury stock
|
|
| - |
|
|
| 30 |
| | Net cash - financing activities
|
|
| (2,704 | )
|
|
| (2,471 | )
| | Net change in cash
|
|
| 1 |
|
|
| 141 |
| | Cash at beginning of year
|
|
| 142 |
|
|
| 1 |
| | Cash at end of year
|
| $
| 143 |
|
| $
| 142 |
|
|